SMIC, major units bag top award anew

MANILA, Philippines - For the third consecutive year, SM Investments Corp. (SMIC) won The Asset Platinum Corporate Award 2011 for all-around excellence in management, financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations.

The highly prestigious Platinum Corporate Award was given to only 19 companies from Asia, which include, aside from SMIC, two other SM Group companies, namely SM Prime Holdings Inc. and BDO Unibank Inc.

The recognition was given by The Asset Publishing and Research Ltd, a Hong Kong-based multimedia entity serving the Asian financial markets and publisher of The Asset magazine. Platinum is the highest category under The Asset’s awards program.

“It is once again our honor and privilege to win The Asset’s Platinum Corporate award. It is indeed a fitting recognition of SM’s firm commitment to sound management and responsible corporate citizenship. We sincerely offer the award to our shareholders, clients, employees, and other stakeholders, for whom we undertake to continue implementing rigorous management practices,” SMIC president Harley T. Sy said.

“The criteria used to assess the companies include a range of metrics of financial performance, which are also a proxy for gauging management acumen,” The Asset explained.

“Since the purpose of the awards is also to recognize the importance of sustainable growth, companies are also evaluated according to the quality of their corporate governance, social responsibility, environmental responsibility, and investor relations,” it added.