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Brightpoint Recognized for its Corporate Governance

Submitted by: Brightpoint, Inc.

Categories: Corporate Governance

Posted: Mar 10, 2003 – 11:00 PM EST

 

Mar. 10 /CSRwire/ - INDIANAPOLIS, IN - Brightpoint, Inc. (NASDAQ:CELL) announced today that it has been notified by Institutional Shareholder Services ("ISS") that the Company has received a Corporate Governance Quotient ("CGQ") score of 97.2% and an Industry Group score of 95.1%. This places Brightpoint's Corporate Governance among the top companies rated.

CGQ provides institutional investors a quantitative measurement of corporate governance performance and its potential impact on investment portfolios. Ratings are calculated on the basis of 61 corporate governance variables in eight core categories: (1) board of directors, (2) audit, (3) charter and bylaw provisions, (4) laws of the state of incorporation, (5) executive and director compensation, (6) qualitative factors, (7) ownership, and (8) director education. Each company is scored individually, ranked relative to its index and industry peer group

"We are extremely pleased to learn that Brightpoint has been recognized for implementing best practices in corporate governance," noted Catherine M. Daily, Chairperson of the Corporate Governance and Nominating Committee. "Brightpoint's leading position in the corporate governance arena has positioned the Company to attract and retain investor confidence and enhance shareholder value."

Jerre L. Stead, Brightpoint's Lead Independent Director and Chairperson of the Compensation and Human Resources Committee stated, "The ISS CGQ rating is a prime example of the types of benefits derived from the Company's recently implemented corporate governance initiatives." "We will retain our vigilance in implementing governance best practices and adhering to the philosophy of focused independent oversight and controls."

Brightpoint's Corporate Governance Principles and the Charters for its standing committees can be found under the "Corporate Governance" area of the "Company" section of Brightpoint's web site www.brightpoint.com.

Brightpoint is one of the world's largest distributors of mobile phones. Brightpoint supports the global wireless telecommunications and data industry, providing quickly deployed, flexible and cost effective third party solutions. Brightpoint's innovative services include distribution, channel management, fulfillment, eBusiness solutions and other outsourced services that integrate seamlessly with its customers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).

ISS is the world's leading provider of proxy voting and corporate governance services. ISS provides proxy research, vote recommendations and governance advisory services to more than 750 financial institutions worldwide. Founded in 1985, ISS is headquartered in Maryland and has offices in New York, London, Toronto, Tokyo and Chicago. For more information, visit www.issproxy.com.

Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents the Company files, from time to time, with the Securities and Exchange Commission; specifically, Brightpoint's most recent Form 10-K, Form 10-Q and the cautionary statements contained in Exhibits 99 or 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. These risk factors include, without limitation, the ability of the Company to implement additional corporate governance initiatives. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.

For more information, please contact:

John J. Ludwig Brightpoint, Inc.
Phone: +1-317- 707-2355

 

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