Category: Corporate Governance Asia

Twin wins for China Bank at the 5th Asian Excellence Awards

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China Bank and its SVP for Investor and Corporate Relations Alexander C. Escucha were recognized at the recent 5th Asian Excellence Awards in Hong Kong. China Bank was named Best Investor Relations Company (Philippines), while Escucha was named Best Investor Relations Professional (Philippines).

Organized by Corporate Governance Asia, the Asian Excellence Awards distinguish the public companies in the region that perform consistent excellence in corporate governance. The companies are evaluated on aspects such as investor relations, corporate social responsibility, financial performance, and business ethics.

China Bank was one of the 22 awardees for the Philippines in the Best Investor Relations Company category, along with SM conglomerate companies BDO, SM Investments Corporation (SMIC), and SM Prime Holdings.

Escucha was one of the seven Best Investor Relations Professional awardees for the Philippines, including SVP for Investor Relations Corazon C. Guidote of SMIC.

Investor Relations (IR) is a key component of corporate governance at China Bank. A financial discipline and a communication function, it is fundamental in its role of promoting transparency and investor confidence. According to Escucha, IR facilitates a better understanding, for the Bank’s investors and the financial community, of how China Bank conducts business and makes money ethically, and for Management, of investors’ expectations of China Bank.

“Through regular two-way communication and interaction with investors, analysts, regulators, the financial news media, and other stakeholder groups, IR is shaping the standards of governance at China Bank, enabling us to benchmark the Bank’s performance against our peers, get a clearer sense of the concerns and expectations of our diverse investors, and develop strategies to address these concerns and expectations and increase shareholder value,” said Escucha.

Late last year, Corporate Governance Asia, the most authoritative quarterly magazine on corporate governance in Asia, also named China Bank as Asia’s Outstanding Company on Corporate Governance (Philippines), and its corporate secretary, Atty. Corazon I. Morando, as Asian Company Secretary of the Year (Philippines).

Founded in 1920, China Bank is the country’s first privately-owned local commercial bank and now the fifth largest private universal bank with P471 billion in assets. It serves the banking needs of the corporate, commercial, and retail markets. The China Bank Group has 480 branches to date: 316 for China Bank, 86 for China Bank Savings, and 78 for Plantersbank. This vast branch network is complemented by electronic banking channels—ATM, online, mobile, and phone banking—that provide 24/7 service.

BDO key executives cited for corporate governance excellence

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An indication that BDO Unibank’s corporate governance practices are among the best in the region was again reinforced in the recently held 5th Asian Excellence Award 2015 led by the Hong Kong-based publication Corporate Governance Asia.

The Bank was cited as one of the Philippine companies with the Best Investor Relations, Best Corporate Social Responsibility, Best Environmental Responsibility and Best Corporate Communications Team.

Individual awards were also given to Teresita Sy-Coson, Pedro M. Florescio III and Luis S. Reyes Jr., as among Asia’s Best CEOs, CFOs and Investor Relations Company Professionals, respectively. Sy-Coson is the chairperson of BDO; Florescio is head of treasury; and, Reyes is head of investor relations & corporate planning.

BDO has been a consistent recipient of the Asian Excellence Awards, which annually recognize the achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices, investor relations and communications of the publicly-listed firms, privately-owned entities, state-owned and government-controlled enterprises in Asia.

These awards are in the tradition of the high standards set and uphold by Corporate Governance Asia, the authoritative voice in corporate governance practices in the region. These are meant to motivate excellence among the different layers in corporate hierarchy especially since Asia continues to gain further recognition in the global arena as a preferred investment destination for its robust economic growth.

 

BDO key executives cited for corporate governance excellence

PRNEWS Admin Leave a comment

An indication that BDO Unibank’s corporate governance practices are among the best in the region was again reinforced in the recently held 5th Asian Excellence Award 2015 led by the Hong Kong-based publication Corporate Governance Asia.

The Bank was cited as one of the Philippine companies with the Best Investor Relations, Best Corporate Social Responsibility, Best Environmental Responsibility and Best Corporate Communications Team.

Individual awards were also given to Teresita Sy-Coson, Pedro M. Florescio III and Luis S. Reyes Jr., as among Asia’s Best CEOs, CFOs and Investor Relations Company Professionals, respectively. Sy-Coson is the chairperson of BDO; Florescio is head of treasury; and, Reyes is head of investor relations & corporate planning.

BDO has been a consistent recipient of the Asian Excellence Awards, which annually recognize the achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices, investor relations and communications of the publicly-listed firms, privately-owned entities, state-owned and government-controlled enterprises in Asia.

These awards are in the tradition of the high standards set and uphold by Corporate Governance Asia, the authoritative voice in corporate governance practices in the region. These are meant to motivate excellence among the different layers in corporate hierarchy especially since Asia continues to gain further recognition in the global arena as a preferred investment destination for its robust economic growth.

 

Security Bank receives highest distinction from Corporate Governance Asia

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Corporate Governance Asia, considered as the authoritative voice in corporate governance practices in the region, recognized Security Bank Corporation with two key awards during The Best of Asia 2014 awards night held on October 24, 2014 at the Renaissance Harbour View Hotel, Wanchai, Hong Kong.

During the 10th Corporate Governance Asia Recognition Award 2014, Security Bank was awarded as Icon on Corporate Governance. This distinction – the highest accolade given by the award-giving body – is bestowed to companies who have consistently made it to the honor roll of the annual awards for Excellence in Corporate Governance. For the past four years, Security Bank has consecutively won the much-coveted distinction, which belongs to “the best of the best in corporate governance in Asia as they uphold the highest standards in business practices”.

In the same awards night, Security Bank Chairman Frederick Y. Dy was recognized as Asian Corporate Director of the Year. The award honors outstanding corporate directors from boards of public and private companies in Asia who have guided their boards and executive management in growing their businesses, maintaining ethics and steering their companies to periods of extraordinary growth.

Security Bank recently reported its 2014 third quarter financial results, showing Php 6.428 billion in net income in the first nine months of the year, representing 54% year-on-year growth and 20% return on shareholders’ equity (ROE). The bank posted solid growth in core business, with loan portfolio increasing by 25% year-on-year to Php 181 billion and deposits growing by 26% to Php 232 billion.

For the past 11 years, Corporate Governance Asia has recognized companies in the region who continue to lead the way in initiating best practices. It provides news and analyses on corporate governance issues, boardroom practices and shareholder activism.