Naveen Reddy, Director of Ratings at GMI Ratings, discusses Governance and Accounting Risk Ratings with the Society's Ken Bertsch. GMI Ratings was created in the combination of Governance Metrics International, The Corporate Library and Audit Integrity. The firm publishes two separate and distinct ratings, one on Accounting and Governance Risk (AGR) that places emphasis on forensic accounting measures of risk. The second set of GMI ratings focus on Environmental, Social and Governance (ESG) attributes and risk. Mr. Reddy discusses the two kinds of ratings, their differences, and uses of the ratings by D&O liability insurance providers and by investors. He also discusses a new U.S. market index based on AGR ratings.