TDS Telecommunications Corp., the nation’s seventh largest telecom provider, today announced that its parent company, Telephone and Data Systems, Inc. made Forbes’ list of the America’s Most Trustworthy Companies in the mid-cap category. The list identifies the most transparent and trustworthy businesses that trade on American exchanges.
Forbes partners with GMI Rating (GMI), a global corporate governance research agency, to produce the annual list. 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. They do not play games with revenue and expense recognition, or with asset valuation.
To create the list, GMI examines more than 8,000 companies traded on U.S. exchanges. Every three months it assigns each company an accounting and governance risk score (AGR) based on proprietary modeling designed to identify practices that historically have had a high correlation with increasing shareholder risk.
“It’s a privilege to be part of Telephone and Data Systems,” said David Wittwer, president and CEO of TDS Telecommunications Corp. “This recognition from Forbes is proof that our long-term commitment to integrity throughout the TDS organization is working for both our customers and our shareholders.”