Corporate Governance Rating Scale and Definitions

IIRA uses a scale of CGR-1 to 10 to rate Corporate Governance with CGR-10 being the highest possible rating and CGR-1 being the lowest possible rating.

CGR-10: Strongest Corporate Governance processes and practices overall, with very few weaknesses in any of the major areas of governance analysis.

CGR-9, CGR-9+, CGR-9++: Very strong Corporate Governance processes and practices overall, with few weaknesses in any of the major areas of governance analysis.

CGR-8, CGR-8+, CGR-8++: Strong Corporate Governance processes and practices overall, with some weaknesses in certain of the major areas of governance analysis.

CGR-7, CGR-7+, CGR-7++: Moderately strong Corporate Governance processes and practices overall, with weaknesses in certain of the major areas of governance analysis.

CGR-6, CGR-6+, CGR-6++: Satisfactory Corporate Governance processes and practices overall, with some weaknesses in several of the major areas of governance analysis.

CGR-5, CGR-5+, CGR-5++: Adequate Corporate Governance processes and practices overall, with weaknesses in several of the major areas of governance analysis.

CGR-4, CGR-4+, CGR-4++: Moderately weak Corporate Governance processes and practices overall, with weaknesses in a number of the major areas of governance analysis.

CGR-3, CGR-3+, CGR-3++: Weak Corporate Governance processes and practices overall, with significant weaknesses in a number of the major areas of governance analysis.

CGR-2, CGR-2+, CGR-2++: Very weak Corporate Governance processes and practices overall, with significant weaknesses in most of the major areas of analysis.

CGR-1, CGR-1+, CGR-1++: Weakest level of Corporate Governance processes and practices overall, with significant weaknesses in most of the major areas of analysis.