MPIC bags best managed company plum in regional poll

MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) stamped its class anew as a world-class conglomerate after it was named “Best Managed Company” in the Philippines by FinanceAsia. 

The regional financial magazine revealed in its website the results of its “Asia’s Best Managed Companies 2017” survey that showed MPIC topping the Philippine list.

“Being named the ‘Best Managed Company’ in the Philippines by Finance Asia is a testament to the hard work our employees have placed in order to raise the bar of our corporate governance standards and increase transparency through active investor and public relations,” MPIC president and chief executive officer Jose Ma. K. Lim said.

Among the biggest companies in the Philippines, MPIC landed in the top spot with a score of 38 in the regional financial magazine’s 2017 poll.

Manila Electric Co. (Meralco) and Philex Mining Corp. ranked fifth and sixth under the Best Managed Companies category. 

More than 180 portfolio managers and buy-side analysts focused on Asia-listed companies participated in the Finance Asia survey. 

MPIC also topped the “Most Committed to Corporate Governance” category, with Philex Mining and PLDT both ranked fourth.

MPIC was also voted “Best at Investor Relations,” followed by PLDT in second place and Philex Mining in fourth. 

For “Best at Corporate Social Responsibility,” MPIC placed first, while Philex Mining and PLDT ranked third and fifth, respectively.

MPIC chief financial officer David Nicol was voted the Philippines’ Best CFO, while Philex Mining Corp. CFO Danny Yu ranked second. 

The survey also showed Globe Telecom chief executive officer Ernest Cu as the Philippines’ Best CEO, followed by MPIC’s Jose Ma. Lim. 

MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT.