Nowadays it has become de rigueur for any business that wants to be in good standing with the public to be able to describe its various good works, although some companies take this a lot more seriously than others.

ECONOMIST: What role should corporate citizens play in politics?

Skilling's defense attorney Daniel Petrocelli boldly decried that they would prove Enron to be a sound company in good financial standing and that a "run on the bank" led to its bankruptcy.

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"I expect that any member of society in good standing would be pained by that sort of thing, " he said.

WSJ: Stadium Seating for Internet Morals

This can be good, in that it may avoid long-standing bureaucratic turf wars.

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As long as the account is open and in good standing (which it will be if your balance is zero), you will be reported to the credit bureaus as current on the account each month.

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People who believe Joe Paterno's statue should still be standing in Happy Valley probably will, and feel pretty good about it at the end.

NPR: Column: No Rescuing Paterno's Reputation

All Andersen partners who shared in any way in the fruits of the American auditing business in its good years (and it had more than a few) should now be standing ready to pay their share of the costs of the Enron-related lawsuits that continue to pop up everywhere.

ECONOMIST: Professional services

Not to worry: Once Ambrose stops sulking and comes up with a credible mea culpa, he too will be restored to good standing within the punditocracy, and once again will see his words appear frequently in national magazines--within quotation marks and attributed to him in the text.

FORBES: Doris Kearns Goodwin And The Credibility Gap

"Stephen Dickinson is still a minister of good standing within the Presbyterian Church and he is eligible to apply to vacancies in congregations and can be considered to be called to other congregations, " Mr Lynas said.

BBC: The Reverend Stephen Dickinson