ASEAN CG Scorecard 2019
Thailand Holds No. 1 in the 2019 ASEAN CG Scorecard For the 6th Consecutive Time
Thai listed companies maintain the highest average score in ASEAN for the 6th consecutive time and are the majority recipients of the ASEAN Asset Class Award in the 2019 ASEAN CG Scorecard which receives support from The ASEAN Capital Markets Forum (ACMF) and Asian Development Bank (ADB) to acknowledge the listed companies in ASEAN with outstanding good corporate governance practices.
In the 33rd ACMF meeting by the Secretary-Generals on 9th December 2020 chaired by the Vietnamese supervisory agency, a meeting resolution is to make an announcement of the findings in the 2019 ASEAN CG Scorecard which assessed the listed companies using the 2018 public information. There are 3 distinct categories of the ACGS awards. First, ASEAN Asset Class PLCs Award is designed for companies with the scores of at least 97.50. Among six ASEAN nations, Thailand obtains a majority of 42 out of 135 companies in the Award. Second, ASEAN Top 20 PLCs Award is intended for companies in the top 20 among all ASEAN listed companies. There are 7 companies from Malaysia, 5 companies from Singapore, and 4 companies from Thailand and from Philippines. Both awards are designated for the first time. Third, Country Top 3 PLCs Award is given to companies with the top 3 highest scores in each country.
Furthermore, Thai listed companies in aggregate are the leader in the overall average performance with an average score of 96.60, following by Malaysia (94.99) and Singapore (88.27), respectively. (Full version, click link below.)
|
