October 11, 2004
Good Governance Now Included in Fund Ratings
Good for Morningstar! Those companies who have good governance are indeed making a concerted effort to be transparent to investors and improve disclosure. Those companies probably have better morale because employees know they work in an environment where honesty rules. At the end of the day, fraud always rises to the surface. Good Job Morningstar for doing the homework for the investors on an important issue.
See this excerpt on this topic:
"Morningstar, best known for its starred ratings of mutual fund financial performance, has assigned governance grades ranging from A (best) to F (worst) for 761 of the largest funds in the US thus far, with plans to grade 2,000 funds in all in the near future. It also has gone a step deeper by assigning ratings ranging from excellent to very poor with accompanying commentary for each fund in five governance areas: regulatory issues, board quality, manager incentives, fees, and corporate culture." For the complete article click here.
For more information on how your company can rapidly, effectively and affordably comply with Sarbanes-Oxley, see www.issuescentral.com or call (416) 977-1496.
See this excerpt on this topic:
"Morningstar, best known for its starred ratings of mutual fund financial performance, has assigned governance grades ranging from A (best) to F (worst) for 761 of the largest funds in the US thus far, with plans to grade 2,000 funds in all in the near future. It also has gone a step deeper by assigning ratings ranging from excellent to very poor with accompanying commentary for each fund in five governance areas: regulatory issues, board quality, manager incentives, fees, and corporate culture." For the complete article click here.
For more information on how your company can rapidly, effectively and affordably comply with Sarbanes-Oxley, see www.issuescentral.com or call (416) 977-1496.
