Ryder Receives Highest Corporate Governance Rating
MIAMI — Ryder System, Inc. received the Governance Metrics International (GMI) its highest rating, a 10. Out of a total of more than 3,200 global companies rated by GMI, Ryder is one of 22 U.S. companies, and 33 companies globally, that received the highest possible rating.According to GMI research, as a group, the companies that received a 10 rating outperformed the S&P 500 Index as measured by total shareholder returns for each of the last one-, three-, and five-year periods ending Sept. 1, 2005, providing excess returns of 11.40, 6.09, and 15.19 percent, respectively, relative to the index.GMI’s rating system incorporates hundreds of data points across six broad categories of analysis: board accountability, financial disclosure and internal controls, executive compensation, shareholder rights, ownership base and takeover provisions, plus corporate behavior and environmental, health, and safety issues. Subscribers to GMI are able to view a company’s overall rating, section ratings, and several pages of written analysis. GMI clients include pension funds, investment managers, mutual funds, regulatory agencies, banks, insurance companies, professional service firms, and corporate issuers.