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Cummins Achieves Top Ranking in Corporate Governance

2009-03-17 10:42 Kind:转载 Author:Cummins Source:Cummins
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COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 16, 2009-- Cummins Inc. (NYSE: CMI) announced today that it has received the...

COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 16, 2009-- Cummins Inc. (NYSE: CMI) announced today that it has received the highest possible rating for its corporate governance practices from GovernanceMetrics International (GMI). Cummins was one of just 43, or 1 percent of the companies rated, that received GMI’s highest rating of 10.0.

 

GMI rated companies based on six areas of analysis: board accountability, financial disclosure and internal controls; executive compensation; shareholder rights; ownership base; takeover provisions and corporate behavior; and responsibility. Companies are rated from 0 to 10.

 

“Cummins believes it has a responsibility to be open and transparent in all its actions,” said Marya Rose, Vice President – General Counsel. “We are extremely pleased to receive GMI’s highest rating, because it speaks to the effectiveness of our efforts in these important areas.”

 

GovernanceMetrics International monitors and rates corporate governance for approximately 4,200 businesses worldwide. Companies are measured using objective data, starting with a review of public information about each business that includes regulatory filing, websites and news articles. GMI assigns both global and national ratings to companies, allowing each corporation to compare itself to both businesses around the world and at home.

 

About Cummins

 

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.3 billion in 2008. Press releases can be found on the Web at www.cummins.com.

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