Ryder One of Only 22 U.S. Companies to Receive a 10.0 Rating
MIAMI, Sept. 13 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R) announced that a research study released today by the corporate governance research and ratings agency, GovernanceMetrics International (GMI), gave Ryder its highest rating, a 10.0. Out of a total of more than 3,200 global companies rated by GMI, Ryder is one of 22 U.S. companies, and a total 33 companies globally, that received the highest possible rating.
"Ryder has a longstanding commitment to sound, proactive governance that has served our company and its shareholders well over many years," said Ryder Chairman and Chief Executive Officer Greg Swienton. "We are extremely pleased to receive GMI's highest rating as an acknowledgment of our team's ongoing investment of time, money and resources necessary to lead in this important area."
According to GMI research, as a group, the companies that received a 10.0 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 September 1, 2005, providing excess returns of 11.40%, 6.09% and 15.19%, 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.