There are a number of considerations.250.97, pay attention to 250.97(3).
But more so, you need to see (QCRV) of the UL WhiteBook, page 259 in the 2008 version.
For those who do not have the book:
"Grounding
Metal reducing washers are considered suitable for grounding for use in circuits over and under 250V and where installed in accordance with ANSI/NFPA 70, "National Electrical Code." Reducing washer are intended for use with metal enclosures having a minimum thickness of 0.053 in. for non-service conductors only. Reducing washers may be installed in enclosures provided with concentric or eccentric knockouts, only after all of the concentric and eccentric rings have been removed. However, those enclosures containing concentric and eccentric knockouts that have been Listed for grounding purposes may be used with reducing washers without all knockouts being removed."
With this all being said, there are more restrictions to the installation use of reducing washers ("doughnuts" as some call them) then most people realize.
1. not on the line side of service disconnecting means
2. In older installations/enclosures, most likely you will need to remove all of the rings, as those boxes/concentrics are not listed for the purpose. call the manufacturer if you really need to know
3. Most newer enclosures have listed eccentric knockouts for grounding, again check with the manufacturer. (somewhere in the neighborhood of the last 7 years or so)