Kellogg has been honored for the second consecutive year as the food industry's most shareholder-friendly company.

Institutional Investor's latest list of America's Most Shareholder Friendly Companies appears in the magazine's March issue.

We've once again earned the top spot in the consumer foods category on Institutional Investor 's annual ranking of America's Most Shareholder Friendly Companies. The ranking is published in the March 2009 issue of the leading financial magazine.

"This recognition from Wall Street demonstrates that investors appreciate Kellogg Company's commitment to transparent reporting and effective communication," says Joel Wittenberg, Vice President, Treasury and Investor Relations. "Our senior leadership is highly respected throughout the financial community for being forthright and proactive."

The rest of the consumer foods category's top five includes, in order, General Mills, Kraft Foods, Campbell Soup Co. and H.J. Heinz Co.

Hundreds of analysts and portfolio managers representing 57 industry sectors – from consumer goods and media to health care and financial institutions – were asked to rank U.S. companies' effectiveness in corporate governance and investor relations and how these efforts relate to shareholder value.

The honor recognizes the top companies in their respective sectors that have risen to the occasion, while facing the economic downturn, pressures on profits and stock valuations and an ever-rising tide of shareholder activism.

Visit the Institutional Investor website to learn more.