Philippine’s Best Managed Companies cited
In the annual poll conducted by the Hong Kong-based publication Finance Asia, various Philippine companies emerged as winners. Finance Asia, a leading online and magazine publication reporting on Asia’s financial and capital markets, carries out the ‘Asia’s Best Companies’ survey to determine the best performing companies in the region. Now on its 14th iteration, the poll was conducted among investors and analysts from February to March 2014.
Ayala Corp landed on 1st place as Best Managed Company for 2014. Runner-ups were Philippine Long Distance Telephone Company (PLDT) (2nd), Aboitiz Equity Ventures (3rd), Ayala Land (4th), JG Summit (5th), Jollibee Foods Corp and SM Investments (tied on 6th place), Universal Robina Corp (8th), Aboitiz Power (9th) and Metro Pacific Investments and SM Prime (tied on 10th place).
Also ranked on top for the Best Corporate Governance, Ayala Corp excelled among the rest. PLDT came in at 2nd place, Ayala Land on 3rd, SM Investments on 4th, Aboitiz Equity Ventures on 5th, Metro Pacific Investments on 6th, Jollibee Foods Corp and SM Prime are tied at 7th place, Vista Land & Lifescapes on 9th and Emperador and Universal Robina Corp. both at 10th place.
Companies who were recognized for their CSR initiatives were Ayala Corp, PLDT, SM Investments, LT Group, Manila Electric Co., San Miguel Corp., First Gen, Aboitiz Equity Ventures, Jollibee Foods Corp, Metro Pacific Investments, Philex Mining, Semirara Mining and SM Prime.
For the sixth consecutive year, PLDT ranked number one in the Best Investor Relations and Most Committed to a Strong Dividend Policy categories, highlighting its commitment to its investors and shareholders.
“This recognition affirms how committed we are in consistently adding value to the investments of our shareholders,” says PLDT Chairman Manuel V. Pangilinan. “As an example, PLDT has maintained a policy of declaring 100 percent of its core income as cash dividends for shareholders, with cumulative pay-out reaching P310 billion for the past ten years.”
Joining PLDT in the Best in Investor Relations roster were Ayala Corp., Metro Pacific Investments, Aboitiz Equity Ventures, Aboitiz Power, Universal Robina, Ayala land, First Gen, SM Prime, GT Capital and Security Bank.
Aside from top-ranked PLDT, other companies cited for their commitment to a strong dividend policy were Globe Telecom, Universal Robina, Semirara Mining, Aboitiz Power, SM Prime, Manila Electric Co., Emperador and San Miguel Corp.
PLDT President and Chief Executive Officer Napoleon L. Nazareno was cited as Best CEO. Nazareno has led PLDT’s growth since 2004 and has been instrumental in transforming PLDT’s business from a land line and voice-call service provider into a broadband-driven, multi-media service provider.
Likewise cited among the Best CEOs were Ayala Land’s Antonino Aquino and Ayala Corp.’s Jaime Augusto Zobel de Ayala. Other notable chief finance officers (CFO) cited were Ayala Land’s Jaime Ysmael and SM Investments’ Jose Sio. Charmaine Cunanan.