SM and Subsidiaries Cited in The Asset Magazine Corporate Awards
3 December 2013, Pasay City, Philippines. SM Investments Corporation (SM), SM Prime Holdings, Inc. and BDO Unibank, Inc. were cited in this year’s The Asset Platinum Excellence in Management and Corporate Governance Awards. This is the fourth year in a row that SM is receiving these awards. The awarding ceremony will take place next year in Hong Kong.
The criteria used to assess the companies include a range of metrics of financial performance as a gauge of management acumen. The awards also recognize the importance of sustainable growth – companies are evaluated according to the quality of their corporate governance, social responsibility, environmental responsibility, and investor relations.
“We are honored and very grateful for this citation from The Asset magazine. Having received this award for four years now affirms our long-term view commitment to sustainability and business excellence. Given the recent events related to the impact of the super typhoon, allow me to dedicate this award to the untiring efforts of the men and women of SM Foundation, Inc., the volunteers and our partners who have immediately responded to the call for assistance and support,” SM president Harley T. Sy said.
The Asset Publishing and Research Ltd. is an integrated multi-media company serving the elite community of leading corporate and financial decision makers in Asia. Since 1999 we have built a powerful reputation for delivering authoritative unbiased coverage and the independent research of Asia’s financial industry through various vehicles. One of these key vehicles is The Asset Magazine which engages users and providers of Asia’s financial services.
SM is one of the country’s largest holding companies. The Group has market-leading interests in shopping mall development and management, retail, real estate development, and banking and a growing interest in hotels and conventions. SM is listed on the Philippine Stock Exchange under the symbol, “SM”. SM’s American Depositary Receipts (ADR) is available over the counter in the United States under the symbol “SMIVY”.
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. 857-0117
Date: Tuesday, December 3, 2013
Source: SMIC Investor Relations