Coca-Cola has announced that it has been awarded the top honour for overall corporate transparency in the first edition of the US Transparency Awards.
The awards, launched in France in 2009, allow top, publicly traded companies to compare corporate disclosure practices each year.
The rankings are based on the effectiveness of corporate disclosures such as annual proxy statements, form 10-Ks, and investor relations websites of companies on the S&P 250.
'A Huge Honour'
Tim Leveridge, vice-president and investor relations officer at Coca-Cola, said, "It’s a huge honour to be recognised for the transparency of our disclosure.
"Investors are facing mounting pressure and have limited time to make investment decisions, so the more transparent, clear, and to the point, we are with disclosure the easier it is for them to do their work and understand the risks and opportunities related to our company."
BlackRock Inc. emerged in the second position, while Southern Company ranked third with the best proxy statement award.
AIG was recognised for best form 10-K and Altria Group for the best investor relations website.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
