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GMI Ratings is a pioneer in the application of non-traditional risk metrics to investment analysis and risk modeling. Formed in 2010 through the merger of The Corporate Library, GovernanceMetrics International and Audit Integrity, GMI Ratings provides global research coverage of the environmental, social, governance and accounting-related risks affecting the performance of public companies. GMI Ratings is a signatory to the United Nations-backed Principles for Responsible Investment (PRI).

  • : The Impact of Fraud on Shareholder Value: The Price You Do Not Have to Pay

    By James A. Kaplan, Vice Chair, GMI Ratings Rigorous statistical research continues to demonstrate that corporate accounting fraud remains common and costly. Aside from tangibly harming the shareholders of fraudulent and even non-fraudulent firms, misleading accounting and disclosure practices weaken the integrity of capital markets; they further obscure issuer risks and undermine investors’ trust in the reliability of mandated corporate filings. In this report, James A. Kaplan shares his thoughts on how investors can use validated methods of fraud detection to improve portfolio performance. … [Read More...]

  • : GMI Ratings’ Quantitative Equity Model (QEM) Uses Forensic Measures of Issuer Risk to Predict Equity Returns Globally, Across Industries, Large-cap and Small-cap Portfolios

    New York (June 12, 2013) - GMI Ratings announced today the formal launch of the Quantitative Equity Model (QEM), which uses governance and accounting-related forensic risk metrics to predict equity returns. In connection with this launch, GMI Ratings published today detailed reports on the predictive value and other performance characteristics of QEM for North American, Western European and Asia Pacific portfolios. Starting today, QEM data feeds will be available to pre-qualified institutional investors and asset owners. Dan Concannon, Chief Executive Officer of GMI Ratings, said: "Over the past few weeks, we saw another series of reports confirming that businesses often resort to aggressive and illegal accounting and disclosure practices to … [Read More...]

Approved July 2012 by Board of Directors

STATEMENT OF PURPOSE
GMI Ratings (“GMI”) is committed to providing its clients with timely and high-quality data, analysis, and research. It is of paramount importance that persons affiliated with GMI adhere to practices that substantively protect the exercise of independent judgment and ensure that clients, companies, and the public view GMI as independent.  It is therefore crucial that GMI exhibit fairness, objectivity, competence, transparency, and integrity in its dealings with “Subject Companies” (the companies GMI rates or analyzes for its subscription clients), clients, the media and all other constituencies.This Code of Ethics (“Code”) sets forth practices designed to achieve those aims. In some cases, conduct considered incompatible with GMI’s objectives is prohibited outright. In other instances, where prohibition is not warranted, this Code requires public disclosure, to enable those who rely on GMI’s data and analysis to take into account all relevant information.

Code of Ethics