New York – GMI, an independent provider of global corporate governance, ESG and accounting risk ratings and research, has launched “The Risk List”, a report that highlights the companies with the lowest score in GMI’s ratings. GMI has given these companies an “F” score after an in-depth analysis of various ESG and accounting factors. GMI announced that the report will be updated on a regular basis.
The GMI Risk List is available here, and it intends to identify, on a timely manner, corporate situations driven by non-financial issues such as ESG factors, company culture and behavior. This initial report highlights ten individual US companies and explains the patterns of risk for each one of them. Some of the main concerns surrounding these companies include:
- Board independence issues (including long-tenured directors, insiders and other non-independent directors)
- Executive remuneration problems (including pay-performance disconnects, weak performance targets, and overly discretionary policies)
- Ownership structures that disadvantage most public shareholders (such as multiple share classes with disparate voting rights, or controlling shareholders)
- Poor disclosure of environmental and health and safety risks and policies
- Revenue and expense recognition issues
- High leverage
For further information on The Risk Report, or on GMI’s ratings, please contact Joyce Brown, 207-553-5679 or jbrown@gmiratings.com