SM Prime Holdings Inc. and Vista Land and Lifescapes Inc. were recognized by a Hong Kong-based award-giving body for excellence in corporate governance.
In separate statements on Tuesday, SM Prime and Vista Land said several company officials were given accolades for good corporate practices at the recent 6th Asian Excellence Award 2016 organized by Hong Kong-based publication Corporate Governance Asia.
SM Prime Chief Executive Officer Hans Sy and Vista Land CEO and President Manuel Paolo Villar were on hand to receive the Asia’s Best CEO (Investor Relations) award.
“The award for Best CEO is given to a person responsible for driving the overall management and growth of the company; the face of the company among the investors, shareholders and all the stakeholders; has capability, management skill and reputation to lead the company; and provides leadership to the board, ensuring that the board works effectively and discharges their responsibilities to the best of their abilities,” Vista Land said.
Villar noted good corporate governance is a necessary component of what constitutes sound strategic business management.
“We believe that a company that embodies good corporate governance not only serves its stakeholders well but provides sound returns to its investors,” Villar said.
SM Prime Executive Vice President Jeffrey Lim was recognized as Asia’s Best Chief Finance Officer.
Lim emphasized the recognitions received by SM Prime are a testament to the firm’s commitment to provide timely updates and current information to keep the public, the government, analysts, and retail and institutional investors fully informed.
Also recognized by the organization was Vista Land’s head of Investor Relations Brian Edang as Asia’s Best Investor Relations Professional.
“Vista Land’s Investor Relations acts as intermediary between the management and the investing community and maintains an open and transparent communications and credibility with all the company’s stakeholders through its IR program.”Edang said.
SM Prime and Vista Land also received the Best Investor Relations Company award. The award is given to a company that is committed to the highest standards of disclosure, transparency, and fairness in disseminating information.
The Asian Excellence Awards is an annual event that recognizes efforts of Asia Pacific-based companies in Investor Relations, Corporate Social Responsibility, Business Ethics, Environmental Responsibility, Corporate Communications and Financial Performance.
The awards ceremony was held on June 17, at the JW Marriott Hotel in Hong Kong.