Finance Asia names Globe as best managed company in PH
5:05 AM
Vernon Joseph Go
FinanceAsia, the region’s leading financial publishing company and premier source for finance, investment banking, economic and capital markets news, awards Globe Telecom as best managed company in the Philippines. The company reaped awards for the ninth year in a row from the prestigious publication as it conducted its annual survey of the best managed companies in Asia. The awarding was held last June 21 at the Makati Shangri-La Hotel.
Globe reaped high marks in terms of corporate governance, investor relations, commitment to a strong dividend policy and corporate social responsibility. Globe is consistently one of the most profitable companies in the country, posting improvements in revenues, market share, profitability, and shareholder returns despite the weakening global markets, slower domestic economic growth, and a very competitive telecom industry.
Globe Chief Financial Officer Albert de Larrazabal (4th from left) and Investor Relations Head Jose Mari Fajardo (3rd from left) received the awards. They are joined in the photo by (from left) Lorenzo Roxas, Chairman and President of Maybank ATR Kim Eng Securities; Manuel Tordesillas, and Ramon Arnaiz, President and Chairman, respectively of Maybank ATR Kim Eng Capital Partners.
