Search
 

Mack-Cali Cited for Good Corporate Governance

EDISON, NJ-Mack-Cali Realty Corp. has been tapped as one the country's most trustworthy companies.

By Maria Wood | Updated on April 27, 2009

EDISON, NJ-Mack-Cali Realty Corp. has been named one of the country’s most trustworthy companies as part of survey commissioned by Forbes.com. The locally based REIT was among 100 companies cited by Audit Integrity, a Los Angeles-based financial analytics outfit.

More than 8,000 firms traded on US exchanges were reviewed on the basis of transparent and conservative accounting practices as well as solid corporate governance and management. Specifically, over the past four quarters, companies must show no shareholder class action litigation, no amended filings or material restatements in addition to no substantial insider trading in comparison to peers.

Another criterion is the absence of flagged executive incentive compensation metrics within Audit Integrity’s analysis over the past four quarters.To qualify, companies must achieve a score of four or five, with five being the highest. Mack-Cali, which ranked among mid-cap companies with a market capitalization of between $1 billion and $5 billion, was given a score of four.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.