CORPORATE Governance Asia awarded BDO with the Asia’s Icon on Corporate Governance for the 14th time.
The icon award recognizes the best of the best in corporate governance (CG) in Asia for setting the benchmark of what CG should be.
The country’s largest bank also took home the Asia’s Outstanding Company on Corporate Governance Award for its consistently high CG standing, while BDO chairperson Teresita Sy-Coson and president and chief executive officer Nestor V. Tan were co-awarded with the Asian Corporate Director Recognition Award for their exemplary leadership.
“Corporate governance is now deeply embedded in Asia, which in many ways, serves as an attractive proposition for investors to park their capital in this region,” said Corporate Governance Asia founder and publisher Aldrin Monsod.
“Corporations here have adopted and continue to adapt to the best international practices that have made Asia an important investment destination for global fund managers.”
For Tan, CG is valuable in maintaining a healthy, financially sound and well-managed bank. “It is a key driver towards our sustainable growth and long-term value creation,” he said.
BDO’s CG practice is one of the Top 50 Asean Publicly-Listed Companies in Corporate Governance.
Having an award-winning CG practice bodes favorably among foreign investors. BDO has received an over subscription in its capital market offerings, one of the clear indications that it is a good credit risk as an issuer.
“To serve our clients in the best possible way, we constantly evolve our CG practices to support the requirements of the changing business landscape, comply with new regulations, and align with international best practices,” added Tan.
Corporate Governance Asia publishes news and analysis on CG issues, boardroom practices and shareholder activism. (PR)