Owings Mills, Maryland-based Medifast Inc., the parent company of direct seller Take Shape For Life, has been named to the 2017 Forbes 100 Most Trustworthy Companies in America list for the second year in a row.
Forbes ranks their selections based on a company’s accounting and governance practices. According to Forbes, factors considered during the evaluation process include high-risk behaviors like regulatory actions, amended filings, revenue and expense recognition methods, and bankruptcy risk.
“We are proud to be included on this prestigious list for the second consecutive year,” said Medifast CEO Daniel Chard. “This is an incredible accomplishment by our finance team, directed by our Chief Financial Officer, Tim Robinson, and our legal team, led by our Executive Vice President & General Counsel, Jason Groves, who work tirelessly to maintain the highest standards in financial management and corporate ethics.”
Mona Ameli, President of Take Shape For Life, added, “It is an extraordinary accomplishment to be the sole company in our industry recognized on this impressive list. Honesty and integrity are important components of our mission, and this recognition further validates our company’s commitment to financial ethics and corporate integrity.”
A full list of Forbes 100 Most Trustworthy Companies in America 2017 can be found here.