Metro Pacific Investments Corporation (MPIC) was recently named as “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, ahead of Ayala Corporation, Globe Telecom, Inc. and Ayala Land, Inc.
Raising the bar
MPIC’s President and chief executive officer, Jose Ma. K. Lim thanked fund managers and brokers who picked the infrastructure conglomerate in the poll of best managed companies in the country in various categories.
“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,” Lim said. cleardot.gif ¬
Among the biggest companies in the Philippines, MPIC landed the top spot with a score of 38 in the regional financial magazine’s 2017 poll.
Manila Electric Company (Meralco) and Philex Mining Corp. ranked 5th and 6th under the Best Managed Companies category.
More than 180 portfolio managers and buy-side analysts focused on Asia listed companies participated in the FinanceAsia survey.
MPIC also topped the “Most Committed to Corporate Governance” category, with Philex Mining and PLDT, Inc. both ranked 4th.
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’s chief financial officer David J. Nicol was voted as the Philippines’ Best CFO, while Philex Mining Corp. CFO Danny Y. 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, Inc.