Westlake Chemical was recently named as one of Forbes Magazine’s “Top 100 Most Trustworthy Companies in America”. More than 5,500 publicly-traded North American companies were screened to identify the 100 that most “consistently demonstrated transparent accounting practices and solid corporate governance.
The companies listed in this ranking have a strong AGR rating —“Aggressive Accounting and Governance Risk”— which is a composite score considering factors such as high risk behaviors like regulatory actions, amended filings, revenue and expense recognition methods and bankruptcy risk. Companies are scored on a 1 to 100 point scale, with 70 being the lowest score to crack this year’s list.
Westlake Chemical placed 16 on the Large Cap Companies list with an AGR of 83.