Hank Boerner
Hank Boerner


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BNA Corporate Governance Report

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Articles By Hank Boerner:
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Scorekeepers, Rankers, Raters Will Shape Company Reputations
(February 03, 2003)

A cottage industry of "scorekeepers" now analyze, judge, rate, and otherwise qualify public companies' corporate governance and accountability practices. Among the most important of these scorekeepers are the credit rating agencies. In 2002, troubled by the accounting shenanigans of some large companies, Standard & Poor's established its own measurement of corporate earnings--only "core earnings" derived from a company's core operations are now counted. That means companies in an S&P index--such as the S&P 500--will see earnings from one-time sales or extraordinary events discounted or eliminated in important S&P calculations. S&P has also embarked on a program to develop corporate governance scores that will become an important offering for the McGraw-Hill-owned company.

Copyright 2005 H.L. Boerner. All rights reserved.

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