(19 March 2018. Pasay City, Philippines) SM Investments Corporation (SM) and its subsidiaries received seven awards from Hong Kong-based publication Corporate Governance (CG) Asia during its Best of Asia Awards 2017.
SM and its subsidiaries/ affiliates SM Prime Holdings, Inc. (SM Prime) and BDO Unibank, Inc. (BDO) were chosen as awardees from the Philippines.
CG Asia cited SM, SM Prime and BDO as “Asia’s Icons of Corporate Governance” for the 12th, 7th and 13th year respectively.
The magazine also recognized SM Chairman Jose T. Sio, BDO Chairperson Teresita T. Sy-Coson and BDO President Nestor V. Tan and SM Prime President Jeffrey C. Lim with the “Asian Corporate Director Recognition Award”.
CG Asia recognizes companies who have consistently made the honor rolls in its annual awards with the highest accolade of Icons in Corporate Governance as they continue to uphold the best practices irrespective of the business cycle.
The Asian Corporate Director Recognition Awards acknowledge outstanding corporate directors from boards of public and private companies in Asia and have been leaders in guiding their boards and executive management in growing their companies and maintaining the ethics of their respective boards.
Corporate Governance Asia is read by 14,000 companies in Asia and provides editorial content with extensive coverage on the latest and current developments, legislation, case studies and various analyses relating to corporate governance practices in the region.
About SM Investments Corporation
SM Investments Corporation is a leading Philippine company that is invested in market leading businesses in retail, banking and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified with its food, non-food and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank and China Banking Corporation, the 7th largest bank.
For further information, please contact:
Mr. Paul Arcenas
Planning and Corporate Communications
SM Investments Corporation
Tel. No. (632) 857-0100 local 1039