Literally: dignity – conduct – direction – correct
Alternately: Good morals, ethics, and deeds. Someone’s thoughts and actions both being beyond reproach.
Notes: 品行 on its own is “behavior,” 方正 on its own is “correct spirit and behavior,” or more literally, “proper direction.”
It was really, really pleasant having a leader who was not just ethical, but thoughtfully and carefully so, for nearly a decade. Already I miss the peace and stability of an administration full of good intent and free of greed and scandals. Thanks, Obama.