Myers makes 'Forbes’ Trustworthy Companies list
Myers Industries Inc. has been named one of America's 100 Most Trustworthy Companies by Forbes.
Myers was ranked in the Small-Cap Company category, with an accounting and governance risk score of 94 out of a possible 100, and an average score of 92 over the last four quarters.
“We are very proud that these efforts have been recognized, and Myers Industries is honored to be named as one of America's most trustworthy companies,” the company states.
The analysis was conducted for Forbes by GMI Ratings (GMI), a leading independent provider of global corporate governance ratings. According to Forbes.com, GMI finds these companies “do not play games with revenue and expense recognition, or with asset valuation.
GMI’s evaluation penalizes companies for unusual or excessive executive compensation, high levels of management turnover, substantial insider trading relative to their corporate peers, or high levels of short-term executive compensation, which encourages management to focus on short-term results.”
“Myers Industries works very hard to earn the trust of our stakeholders through clear and transparent reporting and corporate governance best practices,” says Myers President and Chief Executive Officer John C. Orr. “We are very proud that these efforts have been recognized, and Myers Industries is honored to be named as one of America's most trustworthy companies.”
To read the Forbes.com article online, visit: http://www.forbes.com/sites/jacquelynsmith/2012/03/20/americas-most-trustworthy-companies/
For more information on Myers Industries, visit www.myersindustries.com.