Trust is an asset afforded to companies that work hard to deliver on goals, meet deadlines and overall perform like they say they will. It’s something that is most definitely earned and should be protected above all else − which is why I am excited to say that Internap recently made Forbes’ list of America’s Most Trustworthy Companies.
The qualification process was stringent. To create the list, Forbes enlisted the help of GovernanceMetrics International (GMI), an independent financial analytics company, to examine more than 8,000 companies traded on U.S. exchanges. Of course there were many details used for qualification and scoring, but to sum it up, Forbes’ writes, “GMI’s quantitative and qualitative analysis looks beyond the raw data on companies’ income statements and balance sheets to assess the true quality of corporate accounting and management practices… GMI finds that its 100 Most Trustworthy Companies have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.”
Of small-cap companies, Internap scored a whopping 98 out of 100 for its Accounting and Governance Risk (AGR) score. A score in this range means a company is conservative as opposed to aggressive and overall presents less risk to customers and stockholders. GMI Chairman James A. Kaplan says, “What these companies have in common is what they don’t have: problems that indicate elevated risk. Those problems can range from high executive compensation or incentives that are not aligned with shareholder interests to inconsistent application of accounting principles, or the occurrence of negative events.”
Needless to say (but I’ll say it anyway) we are proud to have measured up to the challenge and are honored to be among other tried and true organizations.