Alpha Southeast Asia, a magazine located in Hong Kong, honored SM Investments Corporation at its 14th Institutional Investor Corporate Awards for having the strongest adherence to corporate governance of any Philippine company. Winners were chosen from among 586 investors and analysts from the US, Europe, and Southeast Asia, making it SM’s ninth triumph in the category.
According to Frederic C. DyBuncio, president and chief executive officer of SM Investments, “At SM, we uphold the highest standards of corporate governance in keeping with our commitment to attain shared value for our stakeholders—toward responsible and sustainable development for the communities we serve.”
For the thirteenth year in a row, SM Investments has won Best Strategic CSR and was also ranked among the top five performing businesses in Most Organized Investor Relations.
Participating in the Alpha Southeast Asia survey were equities and fixed-income brokers, as well as buy-and sell-side analysts, big institutional investors, insurance firms, pension funds, hedge fund funds, private banks, and fund managers with a focus on Southeast Asia. For this year’s ranking, we looked at 38 publicly-traded firms in Southeast Asia. These companies exemplified the very best in terms of CSR, dividend policy, financial management, investor relations, disclosure, transparency, and overall corporate governance.
About SM Investments Corporation
SM Investments Corporation is one of the leading Philippine companies that invests in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines, with interests in malls, residences, offices, hotels, and convention centers, as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.