SM Prime receives ASEAN Corporate Governance Award

(From Left to Right) Jeffrey C. Lim, SM Prime’s Executive Vice President; Eunice M. Sotto, SM Prime’s Assistant Vice President for Enterprise Risk Management; and John Nai Peng C. Ong, SM Prime’s Chief Finance Officer.

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, has been recognized as among the Top 50 Publicly Listed Companies in the ASEAN region. SM Prime received the distinction during the inaugural ASEAN Corporate Governance Awards held last November 14 at the Manila Polo Club, Makati City.

“On behalf of the Board of Directors, Management and staff of SM Prime, we humbly accept this prestigious award from the ASEAN Capital Markets Forum (ACMF) and its partners. This award is a testament to our unwavering commitment to good corporate governance, and serves as a major milestone in our effort to promote good governance in all our dealings with stakeholders,” SM Prime Executive Vice President Jeffrey C. Lim said.

The ASEAN Corporate Governance Awards, the region’s most prestigious event that recognizes companies who excelled in practicing good corporate governance, is hosted by ACMF in partnership with the Philippines’ Securities and Exchange Commission. It aims to further educate and inspire companies to instill and maintain good corporate governance in their operations and services.

The Top 50 Publicly Listed Companies were determined by domestic ranking bodies (DRBs) appointed to assess and rank companies in each participating country, namely Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. The ranking is based on a rating obtained in the ASEAN Corporate Governance Scorecard, a list of corporate governance practices developed by experts in the region based on principles of the Organization for the Economic Cooperation and Development and practices recommended by bodies such as the Asian Corporate Governance Association, the International Corporate Governance Network, and the World Bank.

The scorecard is an initiative of ACMF and is supported by the Asian Development Bank.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.