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Friday, June 14, 2024

SM Investments bags int’l award for corporate governance initiatives

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Conglomerate SM Investments Corp. (SMIC) won recognition for its corporate governance initiatives in the 14th Institutional Investor Corporate Awards.

SMIC said in a statement Monday it was named as the best Philippine company with strongest adherence to corporate governance by Hong Kong-based magazine Alpha Southeast Asia.

This marked the conglomerate’s 9th win in the said category after being voted by 586 investors and analysts across the Southeast Asian region as well as in US and Europe.

“At SM, we uphold the highest standards of corporate governance in keeping with our commitment to attain shared value for our stakeholders – towards responsible and sustainable development for the communities we serve,” said SMIC president and chief executive Frederic DyBuncio.

The conglomerate was also among the top five best performing companies in the categories of Most Organized Investor Relations, its 13th win, and Best Strategic CSR (Corporate Social Responsibility).

The Alpha Southeast Asia poll included fund managers with investment interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers as well as buy and sell-side analysts.

About 38 publicly listed companies from across Southeast Asia were ranked this year representing the very best practices on corporate governance, investor relations, disclosure, transparency, financial management, integrated reporting, CSR and/or dividend policy.

SMIC is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

Six companies under the SM Group of companies received recognition during the recent ASEAN Corporate Governance Scorecard Awards. (ACGS) in 2023.

SMIC, SM Prime Holdings Inc., BDO Unibank Inc., China Banking Corp. (China Bank), 2GO Group Inc. and Belle Corp. were recognized among the top-performing companies in the Philippines as part of the ASEAN Asset Class.

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