corporate governance poll 2014

Transcription

1 corporate governance poll 2014 overall best companies in asia for corporate governance (810 companies cited) 1 CTBC Financial Holding Taiwan Precious Shipping Public Company Limited Thailand TSMC Taiwan Infosys India Xtep China CTBC Financial Holding Taiwan Precious Shipping Public Company Limited Thailand TSMC Taiwan CTBC Financial Holding Taiwan Precious Shipping Public Company Limited Thailand TSMC Taiwan CTBC Financial Holding Taiwan Precious Shipping Public Company Limited Thailand TSMC Taiwan 4.79 across asia (ex Japan) 1 CTBC Financial Holding Taiwan Precious Shipping Public Company Limited Thailand TSMC Taiwan CTBC Financial Holding Taiwan TSMC Taiwan Precious Shipping Public Company Limited Thailand 3.86

2 australia (11 companies cited) 1 CSL Ramsay Health Stockland Goodman Group 5.08 =5 Ansell 3.39 =5 Charter Hall Group 3.39 =5 Primary Health CSL =2 Charter Hall Group =2 Goodman Group =2 Primary Health =2 Ramsay Health =2 Stockland CSL Ramsay Health Stockland Goodman Group CSL Ramsay Health CSL Ansell Ramsay Health CSL CBA 7.69 CHINA (167 companies cited) 1 Xtep Anta Sports Ping An Lenovo China Telecom Xtep Anta Sports Ping An China Vanke China Telecom Xtep Anta Sports Ping An China Telecom China Vanke Xtep Lenovo Ping An Anhui Conch Cement 4.52 =5 Anta Sports 4.02 =5 China Telecom Xtep =2 Bank of China 4.10 =2 Ping An 4.10 =4 Alibaba 3.59 =4 Anta Sports Xtep =2 Alibaba 3.94 =2 Anta Sports 3.94 =2 China Telecom 3.94 =2 Lenovo 3.94 =2 Tencent 3.94

3 hong kong (78 companies cited) 1 Yip's Chemical Melco Crown Entertainment TCL Communications 9.69 =4 Bank of China International 4.58 =4 Galaxy Entertainment Group Yip's Chemical TCL Communications Melco Crown Entertainment Sands China 6.06 =5 Bank of China International 4.55 =5 Sun Hung Kai Properties TCL Communications Yip's Chemical Melco Crown Entertainment Link REIT 5.59 =5 Bank of China International 5.03 =5 HSBC Yip's Chemical Melco Crown Entertainment TCL Communications HSBC 5.59 =5 Bank of China International 5.03 =5 Li & Fung Yip's Chemical TCL Communications Melco Crown Entertainment Pacific Basin NewOcean Energy Melco Crown Entertainment Yip's Chemical TCL Communications Galaxy Entertainment Group 6.95 =5 Bank of China International 6.42 =5 CLP Holdings 6.42 india (146 companies cited) 1 Infosys Tata Consultancy Services Axis Bank Wipro Mindtree Infosys Tata Consultancy Services Axis Bank Mindtree HSFC Infosys Tata Consultancy Services Axis Bank Mindtree Tata Motors Infosys =2 Axis Bank 8.05 =2 Tata Consultancy Services Wipro Tata Motors Infosys Axis Bank Tata Consultancy Services Mindtree 4.11 =5 HCL Technologies 3.48 =5 HDFC 3.48 =5 Persistent Systems 3.48 =5 Sobha Developers Infosys Wipro Tata Consultancy Services Tata Steel Axis Bank 5.20

4 indonesia (60 companies cited) 1 BNI Kalbe Farma 8.46 =3 Summarecon Agung 5.74 =3 Vale Indonesia Sawit Sumbermas Sarana BNI =2 Adaron Energy 9.46 =2 Summarecon Agung Indofood Bank Mandiri 6.76 =1 Kalbe Farma =1 BNI Indo Tambangraya Megah XL Kalbe Farma =2 BNI =2 Summarecon Agung =4 Sawit Sumbermas Sarana 6.94 =4 Vale Indonesia 6.94 =1 Alam Sutera Realty 8.00 =1 Bumi Serpong Damai 8.00 =1 Lippo Karawaci 8.00 =1 Matahari Putra Prima 8.00 =1 BNI Unilever Vale Indonesia Sawit Sumbermas Sarana Kalbe Farma BNI 8.96 korea (28 companies cited) 1 Samsung Electronics 8.90 =2 Hankook Tire 8.12 =2 SK C&C 8.12 =4 Hyundai Motor 7.59 =4 Naver Hyundai Motor Samsung Electronics Hankook Tire 7.69 =4 Kia Motors 6.59 =4 Naver 6.59 =4 Shinhan Financial Group 6.59 =4 SK C&C 6.59 =1 Daewoo International 7.32 =1 Hankook Tire 7.32 =1 Naver 7.32 =1 Samsung Electronics 7.32 =1 Seah Besteel 7.32 =1 Shinhan Financial Group 7.32 =1 SK C&C POSCO Samsung Electronics =3 Hankook Tire 8.11 =3 Hyundai Motor 8.11 =3 Naver 8.11 =3 Shinhan Financial Group 8.11 =3 SK C&C SK C&C 9.09 =2 Daewoo International 7.27 =2 Hankook Tire 7.27 =2 Samsung Electronics 7.27 =2 Samsung Heavy Industries 7.27 =1 Hankook Tire =1 Naver =1 POSCO =1 Samsung Electronics =1 SK C&C 10.00

5 malaysia (64 companies cited) 1 Sime Darby =2 Media Prima =2 Sunway IJM Corp Maybank Media Prima Sime Darby IJM Corp Sunway 8.51 =5 Cahya Mata Sarawak 4.26 =5 Guinness Anchor Berhad 4.26 =5 Yinson Sime Darby Media Prima IJM Corp Sunway Yinson Sime Darby =2 Media Prima =2 Sunway =4 IJM Corp 7.41 =4 Media Chinese International Media Prima Cahya Mata Sarawak 9.57 =3 Sunway 8.51 =3 Sime Darby UMW Holdings Berhad Sunway Sime Darby IJM Corp =4 Sime Darby 5.97 =4 Media Chinese International 5.97 the philippines (35 companies cited) =1 Ayala Land =1 Universal Robina Corporation Aboitiz Power Corporation =4 Ayala Corporation 8.27 =4 BDO Unibank Universal Robina Corporation Ayala Land BDO Unibank Aboitiz Power Corporation Ayala Corporation Universal Robina Corporation Ayala Land Aboitiz Power Corporation =4 BDO Unibank 8.47 =4 Jollibee Foods Corporation Ayala Land Universal Robina Corporation =3 Aboitiz Power Corporation =3 Ayala Corporation =3 Jollibee Foods Corporation Universal Robina Corporation BDO Unibank =3 Ayala Land =3 DNL ABS-CBN Ayala Corporation Aboitiz Power Corporation Ayala Land First Gen Union Bank of the Philippines 6.45

6 singapore (52 companies cited) 1 Singapore Airlines Croesus Retail Trust Silverlake Axis Keppel Corporation 5.18 =5 Bumitama Agri 4.24 =5 Riverstone Holdings 4.24 =5 Wilmar DBS 7.41 =2 Bumitama Agri 6.48 =2 OCBC 6.48 =2 Singapore Airlines 6.48 =5 Silverlake Axis 5.56 =5 SingTel Singapore Airlines =2 Croesus Retail Trust 6.90 =2 First Resources 6.90 =2 Olam 6.90 =2 Silverlake Axis Singapore Airlines =2 Keppel Corporation 8.57 =2 Silverlake Axis Valuemax 7.14 =5 Croesus Retail Trust 5.71 =5 Raffles Medical Group 5.71 =5 Wilmar 5.71 =1 Bumitama Agri 6.35 =1 Croesus Retail Trust 6.35 =1 Ezion 6.35 =1 Nam Cheong 6.35 =1 Silverlake Axis 6.35 =1 Singapore Airlines Singapore Airlines Croesus Retail Trust 8.25 =3 Golden Agri 7.22 =3 Riverstone Holdings Keppel Corporation 6.19 taiwan (78 companies cited) 1 CTBC Financial Holding TSMC Yuanta Financial Holding Delta Electronics Chipbond CTBC Financial Holding TSMC =3 Chipbond 1.72 =3 Delta Electronics Yuanta Financial Holding CTBC Financial Holding TSMC Yuanta Financial Holding 1.98 =4 Chipbond 1.58 =4 Delta Electronics CTBC Financial Holding TSMC Yuanta Financial Holding Chipbond Delta Electronics CTBC Financial Holding TSMC Yuanta Financial Holding 2.32 =4 Chipbond 1.16 =4 Poya CTBC Financial Holding TSMC Delta Electronics Yuanta Financial Holding Chipbond 1.26

7 thailand (65 companies cited) 1 Precious Shipping Public Co Ltd Siam Cement PTT Exploration & Production Central Pattana Kasikornbank Precious Shipping Public Co Ltd Siam Cement PTT Exploration & Production Central Pattana Kasikornbank Precious Shipping Public Co Ltd PTT Exploration & Production Siam Cement 5.80 =4 Central Pattana 4.02 =4 Kasikornbank Precious Shipping Public Co Ltd Siam Cement PTT Exploration & Production Kasikornbank Land & Houses Precious Shipping Public Co Ltd PTT Exploration & Production Pruksa Real Estate 3.85 =4 Advanced Info Service 2.75 =4 Central Plaza Hotel 2.75 =4 Siam Cement 2.75 =4 Supalai Precious Shipping Public Co Ltd Siam Cement PTT Exploration & Production 7.75 =4 Central Pattana 4.26 =4 PTT plc 4.26 vietnam (26 companies cited) 1 Saigon Securities Inc Vinamilk Da Nang Rubber Hoa Phat Group FPT Saigon Securities Inc Vinamilk =3 Asia Commercial Joint Stock Bank 9.84 =3 Hoa Phat Group 9.84 =5 Bao Viet Holdings 6.56 =5 Hau Giang Pharmaceuticals 6.56 =5 Ho Chi Minh Securities Saigon Securities Inc Vinamilk =3 Da Nang Rubber =3 Hau Giang Pharmaceuticals =5 FPT 8.62 =5 Vietcombank Saigon Securities Inc =2 Bao Viet Holdings =2 FPT =2 Ho Chi Minh Securities =5 Asia Commercial Joint Stock Bank 7.41 =5 Da Nang Rubber 7.41 =5 Vinamilk Saigon Securities Inc =2 Asia Commercial Joint Stock Bank 9.52 =2 Da Nang Rubber 9.52 =2 FPT 9.52 =2 PVD Saigon Securities Inc Vinamilk =3 Da Nang Rubber 8.11 =3 Hoa Phat Group 8.11 =3 Hoa Sen Group 8.11

8 2014 Corporate Governance Poll Methodology Asiamoney invited CEOs, CIOs and senior executives from fund management and hedge fund companies in the Asia-Pacific region, as well as Heads of Research and senior analysts in brokerages across the region, to participate in the eighth Corporate Governance Poll. Asiamoney received a total of 329 responses, 7 of which were disregarded as they failed to fulfill the auditing requirements. The 322 valid responses were from 189 different institutions. A total of 810 companies in Asia ex-japan were cited with a geographical distribution as follows: China: 18.98% Australia: 1.25% Vietnam: 2.95% Thailand: 7.39% Taiwan: 8.86% Singapore: 5.91% Philippines: 3.98% Hong Kong: 8.86% Korea: 3.18% Malaysia: 7.27% India: 16.59% Indonesia: 6.82% In the questionnaire, respondents were asked to nominate their top two companies in Asia ex-japan for the following: Disclosure and transparency Which companies make the most timely and accurate disclosure on all material matters regarding the corporation, including the financial situation, performance, ownership and governance of the company? Which companies produce the most informative financial reports and offer the best disclosure of Corporate Governance information in their annual reports? Which companies have improved their levels of transparency and offered more frequent disclosure of information over the last 12 months? Which companies have ensured greater transparency regarding their board of directors, such as disclosing the directors' remuneration and improving the ratio of independent non-executive directors? Shareholders rights and equitable treatment Which companies provide the best protection of shareholders rights and ensure fair treatment of all shareholders, including minority and foreign shareholders? Which companies best facilitate shareholders meetings, providing thorough and complete information for prior consideration, ensuring ease of attendance and voting by proxy? Which companies have done the most to increase their awareness of shareholders rights over the last 12 months? Responsibilities of management and the board of directors Which companies have improved their accountability structures and would take the most effective measures in the event of mismanagement? Which companies have ensured greater transparency regarding their board of directors, such as disclosing the directors remuneration and improving the ratio of independent non-executive directors? Which companies have ensured that their CEOs and CFOs sign off on all financial reports to acknowledge the truthfulness and completeness of information? Investor relations Which companies are the most pro-active in promoting themselves to the market, communicating with shareholders and providing investor access to senior management via roadshows, press conferences, AGMs, etc? Which companies have done the most to improve their investor relations over the last 12 months? Corporate Social Responsibility Which companies have strong commitment to corporate social responsibility, with proven track record of ethical behaviour in consumers' interests? Which companies have the best practices in environmental protection? Which companies are the most active in philanthropy? Which firms have the most outstanding record in labour practices? Which companies have the least impressive corporate governance in the last 12 months? For all the above questions, each first place nomination received two points and one point was given for second place. The rankings published are based on each company s share of total points within each section. The best overall for corporate governance rankings are an accumulation across the four sections. For the IRO category, one point was given per mention the names of those individuals with the highest score in each country are published. Asiamoney would like to thank all respondents for taking the time to complete and return the questionnaire. For extended rankings please visit our website,