For the second straight year, Philippine conglomerate SM Investments Corporation (SM) won The Asset Platinum Corporate Award 2010 for all-around excellence in management, financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations.
This award was given by The Asset Publishing and Research Ltd, a distinguished multi-media entity serving the Asian financial markets and publisher of The Asset magazine. It is the highest award given to only 20 companies in Asia, of which four are from the Philippines. Gold and Titanium awards were given to other companies for specific aspects of management only.
Of the four Philippine companies that garnered the 2010 edition of the prestigious award, three are SM-related, to include subsidiaries SM Prime Holdings, Inc. (SM Prime) and Banco De Oro Unibank (BDO).
The award is open to all publicly listed companies in Asia. To determine the winners, a comprehensive screening system is employed which rates several areas of management such as financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations.