Nu Skin was named one of the “100 most trustworthy companies” in the U.S. by Forbes on Monday. The company was listed 5th in the mid-cap company section and received an accounting and governance risk (AGR) score of 96/100.
After having covering the many recent bankruptcies and corporate scandals, Forbes wanted to find and recognize the “most transparent and trustworthy businesses that trade on American exchanges.” To do so, the media outlet hired an independent financial analytics company, Audit Integrity, to identify the top accounting and management practices in the country.
The financial analytics company screened 8,000 companies traded on U.S. exchanges and found 100 companies that “consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.” Companies' performance on Wall Street were also taken into account for the ranking.
In the article, Jack Zwingli, chief executive of Audit Integrity, applauded companies like Nu Skin that made it on the list.
"These are the good guys,” said Zwingli. “They've consistently shown accuracy and transparency in their financial reporting."
Zwingli added, “These companies have made it through our screening process and shown consistent high quality. Healthy individuals are often that way because they don't engage in unhealthy behavior. These companies are the same way."
To read the article, click here. To see Nu Skin in the rankings, go to page two.