Globe Telecom bagged three citations
from Finance Asia, a leading publisher of financial news in the Asia Pacific
region. The company was given two major company awards and an individual
category citation.
The two company recognitions were
Most Committed to Corporate Governance and Best in Investor Relations. Globe
President & CEO Ernest Cu, on the other hand, was voted Best CEO in the
Philippines. The same citations were awarded to Globe by Finance Asia in 2015.
The citations were based on a survey
conducted by Finance Asia involving investors on their views on which listed
companies around Asia they consider to be best managed, with the best senior
executives. Finance Asia received responses from 129 portfolio managers and
buy-side analysts from around the world, running mandates that included, or
dedicated to, Asian listed companies.
“It is an honor to receive the
various recognitions. It is a testament that we continue to improve our
communication lines with our stakeholders, consistent with the company's
commitment in providing exemplary results not only in terms of its financial
performance but also in subscribing to the principles of good corporate
governance and investor relations,” Globe Acting Chief Finance Officer Rizza
Maniego-Eala said.
In December last year, Globe also
bagged the Bell Awards for Corporate Governance, awarded by the Philippine
Stock Exchange, in recognition of the leading telecommunication company’s
commitment in upholding the principles and best practices in governance. The
award ushered a grand slam win for Globe for practicing good corporate
governance, following a similar citation given to the company by the ASEAN
Capital Markets Forum (ACMF). Globe was in the Top 3 in corporate governance
among listed companies in the Philippines and Top 50 among listed companies in
ASEAN region.
Also in 2015, Cu was included in the
elite list of Global Telecoms Business Power 100. Cu was the only Filipino
executive to make it to the Power 100 and among the top 10 in Asia. The
recognition was based on his success in steering the company to hold its own
despite intense competitive environment in the telecoms markets in the
Philippines.
Globe Telecom posted a remarkable
performance in 2015, surpassing its business results in the previous year, as
it booked new highs in service revenues, EBITDA and net profit. The
company’s impressive performance was driven by broad-based data-driven growth
across its key services.
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