GovernanceMetrics International identified the 20 U.S. companies in its database of more than 4,100 with the best corporate governance scores based on six broad categories: board accountability, financial disclosure and internal controls, shareholder rights, remuneration, market for control and corporate behavior.
The 20 companies are as follows in alphabetical order: American Electric Power, Baxter International, Colgate-Palmolive, Dover, Exxon Mobil, Gap, Home Depot, Integrys Energy Group, Kimberly-Clark, LSI, Lockheed Martin, NextEra Energy, Occidental Petroleum, PepsiCo, Ryder Systems, Sprint Nextel, Staples, Sysco, Waste Management, and Xerox. (The 20 Most Responsible Companies, Forbes, 8/3/10)
Since GMI and The Corporate Library merged, has The Corporate Library also endorsed the scoring method? I’d be very interested to hear from TCL or Bob Monks, considering his long-standing attempts at governance reform at Exxon Mobil.