(23 March 2017. Pasay City, Philippines) SM Investments Corporation (SM) and its subsidiaries received seven awards from Hong Kong-based publication Corporate Governance (CG) Asia during the 12th Corporate Governance Asia Recognition Awards 2016 organized by the magazine.
SM and its subsidiaries/ affiliates SM Prime Holdings, Inc. (SM Prime), BDO Unibank, Inc. (BDO) and China Banking Corporation (China Bank) were chosen as awardees from the Philippines.
CG Asia cited SM, SM Prime and BDO as “Icons on Corporate Governance” for the 11th, 6th and 12th year respectively. China Bank was named as Asia’s Outstanding Company on Corporate Governance for the second consecutive year.
The magazine also recognized SM President Harley T. Sy, BDO Chairperson Teresita T. Sy-Coson, and China Bank Chairman Hans T. Sy with the “Asian Corporate Director Award”.
CG Asia seeks to recognize companies who have consistently made the honour rolls in its annual awards in the past 12 years by bestowing to them the highest accolade of Icons in Corporate Governance. This esteemed recognition belongs to the best of the best in corporate governance in Asia as they continue to uphold the best practices no matter what the business cycle is.
The Asian Corporate Director Recognition Awards acknowledge outstanding corporate directors from boards of public and private companies in Asia and have been leaders in guiding their boards and executive management in growing their companies and maintaining the ethics of their respective boards.
The multiple awards given were the following:
SMIC
Icon on Corporate Governance
Asian Corporate Director Award – Mr. Harley Sy
SM Prime
Icon on Corporate Governance
BDO
Icon on Corporate Governance
Asian Corporate Director Award – Ms. Teresita Sy-Coson
China Bank
Outstanding Company on Corporate Governance
Asian Corporate Director Award – Mr. Hans Sy
Corporate Governance Asia is now read by 14,000 of the most important companies in Asia and provides incisive editorial content with extensive coverage on the latest and current developments, legislation, case studies and various analyses relating to corporate governance practices in Asia.
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
smicweb.smicit.com