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23 Thai listed companies sweep ASEAN CG awards

 Thai listed companies sweep ASEAN CG awards
(from right) Mr. Rapee Sucharitakul, Secretary-General of the Securities and Exchange Commission, Thailand, Mr. Sarjito, Deputy Commissioner of Indonesia Financial Services Authority, Mr. Paul Yuen, Executive Director of Market Conduct Department of Monetary Authority of Singapore, and Mr. Kelly Bird, Director of Public Management of Asian Development Bank during panel discussion at ASEAN Corporate Governance Conference and Awards held in the Philippines. At the event, 23 Thai listed companies, the highest number among ASEAN countries, were awarded in the TOP50 ASEAN companies that achieved the highest scores in the ASEAN CG scorecard. Two of the 23 were named in the TOP5 ASEAN PLCs.
November 14, 2015 – Organized by the ASEAN Capital Markets Forum (ACMF) and hosted by the Philippines Securities and Exchange Commission (SEC), leaders of the region’s leading publicly-listed companies (PLCs), capital markets regulators and governance experts converged in the Philippines to take part in the ASEAN Corporate Governance Awards held in Manila, the Philippines.  These awards recognize the efforts of companies that continuously implement good corporate governance in their operations and services. A total of 23 Thai list companies were amongst the top 50 ASEAN companies that achieved the highest ASEAN CG scorecard ranking; followed by 11 companies from the Philippines, eight companies from Singapore, six companies from Malaysia, and two companies from Indonesia.  More importantly, two Thai listed companies, namely, PTT Global Chemical Public Company Limited and Samart Corporation Public Company Limited, both have earned the TOP5 ASEAN PLCs Awards. The 2015 results showed that Thai listed companies have continuously ranked amongst the top 50 ASEAN companies for a fourth consecutive year.  This reflects the regional leadership role that Thai listed firms have played in applying international corporate governance standards in their operation.  

ASEAN CG Scorecard is a program initiated by the ASEA Capital Markets Forum and sponsored by the Securities and Exchange Commissions of each ASEAN country.  The program’s purpose is to evaluate corporate governance standards of listed companies within the six ASEAN countries that include Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.   Since its inception in 2012, this is the first time that the names of the top 50 listed companies were publicly announced.  

Dr. Bandid Nijathaworn, President and CEO of the Thai Institute of Director, as a corporate governance expert stated that “Since the program’s inception, Thai listed companies have been outstanding in consistently applying corporate governance principles in line with the ASEAN standard.   This is particularly in the areas of the Rights of Shareholder and the Equitable Treatment of Shareholders.  Despite the increasingly stringent evaluation criteria, Thai listed companies have consistently improved their standards and compliance in accordance with the ASEAN standard.   As such, the awards earned by Thai listed companies could be considered a proud achievement for all Thai listed companies and the Thai capital market.  The Thai Institute of Director wishes to congratulate all the awarded companies.   The institute will continue to support Thai listed companies to further advance corporate governance practices in endeavor to enhance the development of the Thai capital markets and corporate governance practice of the Thai private sector.

Mr. Rapee Sucharitakul, Secretary-General of the Securities and Exchange Commission, Thailand, said: We are very pleased with the success. The recent ASEAN CG Scorecard results clearly underline the leadership of Thai listed companies on their corporate governance standards which will have direct effect on investor confidence, both domestically and internationally on the Thai capital market.  This major achievement for the Thai capital market as a whole was made possible by the ongoing collaboration from all parties and the determination and commitment of the Thai listed companies to enhance their own corporate governance practices in line with international standards. The SEC will continue to promote this project as it is such a vital mechanism for improving corporate governance of listed companies across the region. This in turn would help to increase brand recognition for ASEAN asset class.”

For more information, please contact:
Research and Policy Department, Thai Institute of Directors Association
Tel: 02-955-1155 Ext. 304, 306 Fax:  02-955-1156-7


ASEAN TOP 50 PLCs
(By alphabetical)


Country
PLCs
1
Philippines
ABOITIZ EQUITY VENTURES
2
Thailand
ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED
3
Philippines
AYALA CORPORATION
4
Philippines
AYALA LAND, INC.
5
Thailand
BANGKOK AVIATION FUEL SERVICES PUBLIC COMPANY LIMITED
6
Philippines
BDO UNIBANK, INC.
7
Malaysia
BURSA MALAYSIA BERHAD
8
Singapore
CAPITALAND LIMITED
9
Thailand
CENTRAL PATTANA PUBLIC COMPANY LIMITED
10
Malaysia
CIMB GROUP HOLDING BERHAD
11
Singapore
DBS GROUP HOLDINGS LTD
12
Thailand
EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED
13
Thailand
ELECTRICITY GENERATING PUBLIC COMPANY LIMITED
14
Philippines
GLOBE TELECOM, INC.
15
Philippines
GT CAPITAL HOLDINGS, INC.
16
Malaysia
IJM CORPORATION BERHAD
17
Thailand
INDORAMA VENTURES PUBLIC COMPANY LIMITED
18
Thailand
INTOUCH HOLDINGS PUBLIC COMPANY LIMITED
19
Thailand
IRPC PUBLIC COMPANY LIMITED
20
Thailand
KASIKORN BANK PUBLIC COMPANY LIMITED
21
Singapore
KEPPEL LAND LIMITED
22
Thailand
KRUNG THAI BANK PUBLIC COMPANY LIMITED
23
Malaysia
MALAYAN BANKING BERHAD
24
Philippines
MANILA ELECTRIC COMPANY
25
Philippines
MANILA WATER COMPANY, INC.
26
Philippines
PHILEX MINING CORPORATION
27
Philippines
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
28
Thailand
PRUKSA REAL ESTATE PUBLIC COMPANY LIMITED


Country
PLCs
29
Indonesia
PT BANK CIMB NIAGA TBK
30
Indonesia
PT BANK DANAMON INDONESIA TBK
31
Thailand
PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED
32
Thailand
PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
33
Thailand
PTT PUBLIC COMPANY LIMITED
34
Thailand
RATCHABURI ELECTRICITY GENERATING HOLDING PUBLIC COMPANY LIMITED
35
Malaysia
RHB CAPITAL BHD
36
Thailand
SAMART CORPORATION PUBLIC COMPANY LIMITED
37
Thailand
SAMART TELCOMS PUBLIC COMPANY LIMITED
38
Singapore
SATS LTD.
39
Singapore
SINGAPORE EXCHANGE LIMITED
40
Singapore
SINGAPORE POST LIMITED
41
Singapore
SINGAPORE PRESS HOLDINGS LIMITED
42
Singapore
SINGAPORE TELECOMMUNICATIONS LIMITED
43
Philippines
SM PRIME HOLDINGS, INC.
44
Malaysia
TELEKOM MALAYSIA BERHAD
45
Thailand
THAI OIL PUBLIC COMPANY LIMITED
46
Thailand
THAICOM PUBLIC COMPANY LIMITED
47
Thailand
THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED
48
Thailand
THE SIAM CEMENT PUBLIC COMPANY LIMITED
49
Thailand
THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED
50
Thailand
TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED


ASEAN TOP 5 PLCs
(By alphabetical)


Country
PLCs
1
Malaysia
BURSA MALAYSIA BERHAD
2
Singapore
DBS GROUP HOLDINGS LTD
3
Thailand
PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
4
Thailand
SAMART CORPORATION PUBLIC COMPANY LIMITED
5
Singapore
SINGAPORE TELECOMMUNICATIONS LIMITED

TOP 3 Domestics PLCs - Thailand
(By alphabetical)


PLCs
1
PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED
2
PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
3
SAMART CORPORATION PUBLIC COMPANY LIMITED

Outstanding Achievement Awards - Thailand
(By alphabetical)


PLCs
1
EASTERN WATER RESOURCES DEVELOPMENT AND
MANAGEMENT PUBLIC COMPANY LIMITED
2
THAICOM PUBLIC COMPANY LIMITED