Forbes Lists Old Dominion, Marten Among Most Trustworthy Companies
May 11, 2012
Old Dominion Freight Line and Marten Transport have been named two of America's 100 Most Trustworthy Companies by Forbes magazine.
The annual recognition is awarded to publicly traded corporations that have consistently demonstrated transparent, conservative accounting practices and solid corporate governance and management.
For the past five years, Forbes has identified the most transparent and trustworthy public businesses using a proprietary quantitative and qualitative analysis developed by GMIRatings, an independent international financial analytics firm.
The analysis assesses the quality of corporate accounting and management practices that are most likely to prepare companies for financial turmoil and decrease the likelihood of negative events such as litigation, bankruptcy filings and poor stock price performance.
More than 8,000 companies were examined for one year leading up to the compilation of the Top 100 list.
Every quarter, GMI assigned each company an accounting and governance risk score based on the firm's proprietary assessment model. Old Dominion, headquartered in Thomasville, N.C., was included in the Mid-Cap group of companies and maintained an average AGR of 89 for four quarters. Wisconsin-based Marten appeared in the Small-Cap group with an average AGR of 90 for the past four quarters.
To qualify for the list, companies had to meet specific standards throughout the evaluation period including: a market cap of $250 million at the time the list was compiled; specific AGR ratings over a period of time; high ranking on GMI's Equity Risk Ranking; and a low likelihood of financial distress according to the research firm's bankruptcy risk model.
to view the 100 Most Trustworthy Companies list.
For information on Old Dominion, go to www.odfl.com
. For information on Marten Transport, go to www.marten.com