Middlesex Water Co. Named 'Trustworthy' Firm
Middlesex Water Company, a provider of water, wastewater, and related services in New Jersey and Delaware, has been named one of America's 100 most trustworthy publicly traded firms according to Audit Integrity, Inc., an independent Los Angeles firm that researches corporate governance best practices.
Audit Integrity researched 8,000 public firms on the quality of their corporate integrity. The Audit Integrity Top 100 most trustworthy firms, reported by Forbes on March 27, are selected for persistent excellence in transparent financial reporting and conservative corporate governance.
Audit Integrity produces objective statistical reports that provide invaluable insight into the integrity of reported financial statements and corporate behavior. These results enable corporate stakeholders to evaluate and avoid the risks of potentially fraudulent or misleading accounting and corporate governance.
Middlesex is one of four utilities to make the Audit Integrity Top 100 list and ranks sixth among small-cap companies. Using financial and non-financial measures designed originally to monitor the factors associated with fraud or financial misrepresentation, Audit Integrity constructed an Accounting and Governance Risk (AGR) score for each of the 8,000 public companies surveyed. Middlesex Water achieved an AGR score of 86.
"The Middlesex Water family of companies is honored with such a high ranking on this prestigious list," said Dennis W. Doll, president and chief executive officer. "Like most publicly traded firms, honest and ethical behavior by our employees, coupled with transparent communication with our customers and our shareholders, is the only way we know how to do business. We understand the critical importance of maintaining high standards of corporate integrity and take very seriously our continued commitment to strong corporate governance," he said.
Full details on the Top 100 Most Trustworthy Companies in America can be found at http://www.forbes.com/.