HNI Corporation, parent of Lamex and already the second largest office furniture company in the world, is pleased to announce it has been ranked one of the 100 Most Trustworthy Companies in America in 2017 by Forbes magazine.
Forbes is one of the most authoritative business magazines in the world. Each year, Forbes works with MSCI ESG research to rank companies’ trustworthiness using a range of accounting and governance practices. After assessing 2,300 non-financial U.S. companies with a market capitalisation of no less than $250 million, MSCI compiled a top-100 based on these companies’ AGR ratings (“Accounting and Governance Risk”). The AGR is a composite score calculated using factors that are often, but not always, associated with high risk behaviours. Many of these factors are related to legal issues and accounting policies including regulatory actions, amended filings, revenue and expense recognition methods, and bankruptcy risk.
Beyond sound accounting practices, MSCI’s methodology also emphasizes the importance of good corporate governance. A company’s leadership is analysed in rating corporate governance. Factors include the quality of the board of directors, pay practices, ownership and control.
While being recognized as one of the 100 Most Trustworthy Companies in America in 2017 by Forbes is an important milestone, HNI intends to continue to improve our environmental, social and governance practices. As a member of HNI Group, many investments have been made for Lamex, like upgrading our Tangxia factory to automate production and ensure our showrooms showcase our workplace solutions are paramount to our success. But we also believe sustainable excellence can only be achieved by consistently looking beyond the numbers as we strive to enhance the wellbeing of the people relying on our products.
We, HNI and Lamex, wish to thank everyone who has a part in helping to make us a better company, and hope you will continue to support us as we grow from being a trusted name in our industry to a company known globally for always delivering the right workplace solution at the right time.