corporate governance poll 2014

corporate governance poll 2014 overall best companies in asia for corporate governance (810 companies cited) 1 CTBC Financial Holding Taiwan 16.01 2 Precious Shipping Public Company Limited Thailand 5.11 3 TSMC Taiwan 4.31 4 Infosys India 2.83 5 Xtep China 2.17 1 CTBC Financial Holding Taiwan 12.40 2 Precious Shipping Public Company Limited Thailand 5.36 3 TSMC Taiwan 3.93 1 CTBC Financial Holding Taiwan 16.66 2 Precious Shipping Public Company Limited Thailand 5.11 3 TSMC Taiwan 4.53 1 CTBC Financial Holding Taiwan 17.40 2 Precious Shipping Public Company Limited Thailand 6.40 3 TSMC Taiwan 4.79 across asia (ex Japan) 1 CTBC Financial Holding Taiwan 15.45 2 Precious Shipping Public Company Limited Thailand 4.86 3 TSMC Taiwan 3.40 1 CTBC Financial Holding Taiwan 18.75 2 TSMC Taiwan 4.72 3 Precious Shipping Public Company Limited Thailand 3.86

australia (11 companies cited) 1 CSL 44.07 2 Ramsay Health 27.12 3 Stockland 6.78 4 Goodman Group 5.08 =5 Ansell 3.39 =5 Charter Hall Group 3.39 =5 Primary Health 3.39 1 CSL 31.58 =2 Charter Hall Group 10.53 =2 Goodman Group 10.53 =2 Primary Health 10.53 =2 Ramsay Health 10.53 =2 Stockland 10.53 1 CSL 50.00 2 Ramsay Health 25.00 3 Stockland 16.67 4 Goodman Group 8.33 1 CSL 66.67 2 Ramsay Health 33.33 1 CSL 66.67 2 Ansell 33.33 1 Ramsay Health 61.54 2 CSL 30.77 3 CBA 7.69 CHINA (167 companies cited) 1 Xtep 18.88 2 Anta Sports 4.62 3 Ping An 3.87 4 Lenovo 3.79 5 China Telecom 3.54 1 Xtep 18.28 2 Anta Sports 4.44 3 Ping An 4.18 4 China Vanke 3.92 5 China Telecom 3.39 1 Xtep 23.18 2 Anta Sports 6.87 3 Ping An 5.58 4 China Telecom 4.29 5 China Vanke 3.86 1 Xtep 22.11 2 Lenovo 6.53 3 Ping An 5.03 4 Anhui Conch Cement 4.52 =5 Anta Sports 4.02 =5 China Telecom 4.02 1 Xtep 13.85 =2 Bank of China 4.10 =2 Ping An 4.10 =4 Alibaba 3.59 =4 Anta Sports 3.59 1 Xtep 16.75 =2 Alibaba 3.94 =2 Anta Sports 3.94 =2 China Telecom 3.94 =2 Lenovo 3.94 =2 Tencent 3.94

hong kong (78 companies cited) 1 Yip's Chemical 10.78 2 Melco Crown Entertainment 10.68 3 TCL Communications 9.69 =4 Bank of China International 4.58 =4 Galaxy Entertainment Group 4.58 1 Yip's Chemical 10.98 2 TCL Communications 10.61 3 Melco Crown Entertainment 9.09 4 Sands China 6.06 =5 Bank of China International 4.55 =5 Sun Hung Kai Properties 4.55 1 TCL Communications 11.17 2 Yip's Chemical 10.61 3 Melco Crown Entertainment 9.50 4 Link REIT 5.59 =5 Bank of China International 5.03 =5 HSBC 5.03 1 Yip's Chemical 11.17 2 Melco Crown Entertainment 10.61 3 TCL Communications 8.94 4 HSBC 5.59 =5 Bank of China International 5.03 =5 Li & Fung 5.03 1 Yip's Chemical 11.93 2 TCL Communications 10.09 3 Melco Crown Entertainment 9.17 4 Pacific Basin 6.42 5 NewOcean Energy 4.59 1 Melco Crown Entertainment 14.97 2 Yip's Chemical 9.63 3 TCL Communications 7.49 4 Galaxy Entertainment Group 6.95 =5 Bank of China International 6.42 =5 CLP Holdings 6.42 india (146 companies cited) 1 Infosys 12.81 2 Tata Consultancy Services 9.07 3 Axis Bank 6.49 4 Wipro 4.08 5 Mindtree 3.91 1 Infosys 14.98 2 Tata Consultancy Services 7.56 3 Axis Bank 6.05 4 Mindtree 4.08 5 HSFC 3.33 1 Infosys 12.18 2 Tata Consultancy Services 11.26 3 Axis Bank 7.59 4 Mindtree 5.06 5 Tata Motors 4.60 1 Infosys 16.10 =2 Axis Bank 8.05 =2 Tata Consultancy Services 8.05 4 Wipro 5.19 5 Tata Motors 4.94 1 Infosys 7.59 2 Axis Bank 6.33 3 Tata Consultancy Services 6.01 4 Mindtree 4.11 =5 HCL Technologies 3.48 =5 HDFC 3.48 =5 Persistent Systems 3.48 =5 Sobha Developers 3.48 1 Infosys 11.56 2 Wipro 9.06 3 Tata Consultancy Services 7.71 4 Tata Steel 5.59 5 Axis Bank 5.20

indonesia (60 companies cited) 1 BNI 10.57 2 Kalbe Farma 8.46 =3 Summarecon Agung 5.74 =3 Vale Indonesia 5.74 5 Sawit Sumbermas Sarana 5.44 1 BNI 10.81 =2 Adaron Energy 9.46 =2 Summarecon Agung 9.46 4 Indofood 8.11 5 Bank Mandiri 6.76 =1 Kalbe Farma 11.76 =1 BNI 11.76 3 Indo Tambangraya Megah 8.82 4 XL 5.88 1 Kalbe Farma 13.89 =2 BNI 12.50 =2 Summarecon Agung 12.50 =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 8.00 1 Unilever 14.93 2 Vale Indonesia 13.43 3 Sawit Sumbermas Sarana 11.94 4 Kalbe Farma 10.45 5 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 7.59 1 Hyundai Motor 9.89 2 Samsung Electronics 8.79 3 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 7.32 1 POSCO 12.16 2 Samsung Electronics 10.81 =3 Hankook Tire 8.11 =3 Hyundai Motor 8.11 =3 Naver 8.11 =3 Shinhan Financial Group 8.11 =3 SK C&C 8.11 1 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 10.00 =1 Naver 10.00 =1 POSCO 10.00 =1 Samsung Electronics 10.00 =1 SK C&C 10.00

malaysia (64 companies cited) 1 Sime Darby 13.10 =2 Media Prima 10.37 =2 Sunway 10.37 4 IJM Corp 7.82 5 Maybank 5.44 1 Media Prima 13.48 2 Sime Darby 12.77 3 IJM Corp 9.22 4 Sunway 8.51 =5 Cahya Mata Sarawak 4.26 =5 Guinness Anchor Berhad 4.26 =5 Yinson 4.26 1 Sime Darby 17.12 2 Media Prima 13.51 3 IJM Corp 10.81 4 Sunway 9.91 5 Yinson 5.41 1 Sime Darby 12.96 =2 Media Prima 10.19 =2 Sunway 10.19 =4 IJM Corp 7.41 =4 Media Chinese International 7.41 1 Media Prima 10.64 2 Cahya Mata Sarawak 9.57 =3 Sunway 8.51 =3 Sime Darby 8.51 5 UMW Holdings Berhad 6.38 1 Sunway 14.18 2 Sime Darby 13.43 3 IJM Corp 11.19 =4 Sime Darby 5.97 =4 Media Chinese International 5.97 the philippines (35 companies cited) =1 Ayala Land 14.03 =1 Universal Robina Corporation 14.03 3 Aboitiz Power Corporation 10.43 =4 Ayala Corporation 8.27 =4 BDO Unibank 8.27 1 Universal Robina Corporation 21.67 2 Ayala Land 18.33 3 BDO Unibank 13.33 4 Aboitiz Power Corporation 10.00 5 Ayala Corporation 8.33 1 Universal Robina Corporation 15.25 2 Ayala Land 11.86 3 Aboitiz Power Corporation 10.17 =4 BDO Unibank 8.47 =4 Jollibee Foods Corporation 8.47 1 Ayala Land 16.36 2 Universal Robina Corporation 14.55 =3 Aboitiz Power Corporation 10.91 =3 Ayala Corporation 10.91 =3 Jollibee Foods Corporation 10.91 1 Universal Robina Corporation 21.43 2 BDO Unibank 14.29 =3 Ayala Land 11.90 =3 DNL 11.90 5 ABS-CBN 9.52 1 Ayala Corporation 16.13 2 Aboitiz Power Corporation 12.90 3 Ayala Land 11.29 4 First Gen 8.06 5 Union Bank of the Philippines 6.45

singapore (52 companies cited) 1 Singapore Airlines 10.35 2 Croesus Retail Trust 6.12 3 Silverlake Axis 5.88 4 Keppel Corporation 5.18 =5 Bumitama Agri 4.24 =5 Riverstone Holdings 4.24 =5 Wilmar 4.24 1 DBS 7.41 =2 Bumitama Agri 6.48 =2 OCBC 6.48 =2 Singapore Airlines 6.48 =5 Silverlake Axis 5.56 =5 SingTel 5.56 1 Singapore Airlines 13.79 =2 Croesus Retail Trust 6.90 =2 First Resources 6.90 =2 Olam 6.90 =2 Silverlake Axis 6.90 1 Singapore Airlines 14.29 =2 Keppel Corporation 8.57 =2 Silverlake Axis 8.57 4 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 6.35 1 Singapore Airlines 11.34 2 Croesus Retail Trust 8.25 =3 Golden Agri 7.22 =3 Riverstone Holdings 7.22 5 Keppel Corporation 6.19 taiwan (78 companies cited) 1 CTBC Financial Holding 66.76 2 TSMC 17.97 3 Yuanta Financial Holding 1.90 4 Delta Electronics 1.74 5 Chipbond 1.50 1 CTBC Financial Holding 63.17 2 TSMC 20.04 =3 Chipbond 1.72 =3 Delta Electronics 1.72 5 Yuanta Financial Holding 1.53 1 CTBC Financial Holding 67.72 2 TSMC 18.42 3 Yuanta Financial Holding 1.98 =4 Chipbond 1.58 =4 Delta Electronics 1.58 1 CTBC Financial Holding 66.86 2 TSMC 18.41 3 Yuanta Financial Holding 2.33 4 Chipbond 1.74 5 Delta Electronics 1.16 1 CTBC Financial Holding 67.25 2 TSMC 14.78 3 Yuanta Financial Holding 2.32 =4 Chipbond 1.16 =4 Poya 1.16 1 CTBC Financial Holding 68.60 2 TSMC 17.27 3 Delta Electronics 2.83 4 Yuanta Financial Holding 1.57 5 Chipbond 1.26

thailand (65 companies cited) 1 Precious Shipping Public Co Ltd 44.54 2 Siam Cement 9.52 3 PTT Exploration & Production 7.86 4 Central Pattana 3.48 5 Kasikornbank 3.39 1 Precious Shipping Public Co Ltd 50.53 2 Siam Cement 8.83 3 PTT Exploration & Production 7.07 4 Central Pattana 4.24 5 Kasikornbank 3.53 1 Precious Shipping Public Co Ltd 46.88 2 PTT Exploration & Production 8.04 3 Siam Cement 5.80 =4 Central Pattana 4.02 =4 Kasikornbank 4.02 1 Precious Shipping Public Co Ltd 48.47 2 Siam Cement 12.98 3 PTT Exploration & Production 8.02 4 Kasikornbank 4.96 5 Land & Houses 3.44 1 Precious Shipping Public Co Ltd 40.11 2 PTT Exploration & Production 8.79 3 Pruksa Real Estate 3.85 =4 Advanced Info Service 2.75 =4 Central Plaza Hotel 2.75 =4 Siam Cement 2.75 =4 Supalai 2.75 1 Precious Shipping Public Co Ltd 34.88 2 Siam Cement 13.18 3 PTT Exploration & Production 7.75 =4 Central Pattana 4.26 =4 PTT plc 4.26 vietnam (26 companies cited) 1 Saigon Securities Inc 21.22 2 Vinamilk 10.73 3 Da Nang Rubber 7.61 4 Hoa Phat Group 7.27 5 FPT 6.57 1 Saigon Securities Inc 24.59 2 Vinamilk 11.48 =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 6.56 1 Saigon Securities Inc 15.52 2 Vinamilk 12.07 =3 Da Nang Rubber 10.34 =3 Hau Giang Pharmaceuticals 10.34 =5 FPT 8.62 =5 Vietcombank 8.62 1 Saigon Securities Inc 25.93 =2 Bao Viet Holdings 11.11 =2 FPT 11.11 =2 Ho Chi Minh Securities 11.11 =5 Asia Commercial Joint Stock Bank 7.41 =5 Da Nang Rubber 7.41 =5 Vinamilk 7.41 1 Saigon Securities Inc 16.67 =2 Asia Commercial Joint Stock Bank 9.52 =2 Da Nang Rubber 9.52 =2 FPT 9.52 =2 PVD 9.52 1 Saigon Securities Inc 21.62 2 Vinamilk 17.57 =3 Da Nang Rubber 8.11 =3 Hoa Phat Group 8.11 =3 Hoa Sen Group 8.11

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, www.globalcapital.com/asia.