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Chinatrust sets the standard in ASIAMONEY’s Corporate Governance Poll

19 Nov 2013

The Taiwanese financial group is voted best for corporate governance in the survey, with Galaxy Entertainment and Sun Hung Kai Properties following in second and third places, respectively.

Chinatrust Financial Holding enjoys the most impressive standards of corporate governance in Asia, according to Asiamoney’s latest annual Corporate Governance Poll.

Taipei-based Chinatrust, which was placed second in last year’s Overall Winners ranking, went one better this year. Enjoying a strong poll debut in second place is Hong Kong-listed hotel and casino operator Galaxy Entertainment Group. Sun Hung Kai Properties, also from Hong Kong, remains third.

The domestic country categories witnessed a number of companies rising to the top for the first time, interspersed with some more regular winners. In China, property developer Sunac China Holdings ousts China Telecom from the top ranking, while Galaxy Entertainment edges out Sun Hung Kai across several categories to grab the top spot in Hong Kong.

Elsewhere, Infosys successfully defends its lead position as India’s best governed firm, and BNI of Indonesia remains top for overall corporate governance. Voters judge UOB to be the best firm for corporate governance in Singapore, a market characterised by volatile rankings and intense competition. Media Prima tops the ranks for corporate governance in Malaysia, while Thai Oil beats its competition in Thailand.

This year we also expanded the poll to cover South Korea. Voters there viewed Hyundai Motor Group as possessing the best corporate governance.

A total of 134 senior executives and research analysts from 86 firms voted in this year’s poll.

Overall winners for 2013

Rank

Company

Location

1

Chinatrust Financial Holding

Taiwan

2

Galaxy Entertainment Group

Hong Kong

3

Sun Hung Kai Properties

Hong Kong

Further results are broken down into domestic markets. Chinatrust Financial Holding and Galaxy Entertainment Group, the overall winners, are also voted as the best in their respective domestic markets.

Best companies by domestic market*

China

Sunac China

Hong Kong

Galaxy Entertainment Group

India

Infosys

Indonesia

BNI

Korea

Hyundai Motor Group

Malaysia

Media Prima

Singapore

UOB

Taiwan

Chinatrust Financial Holding

Thailand

Thai Oil

*Asiamoney received insufficient votes in the Australia and Philippines domestic categories to publish results.

Comprehensive details and results will be published in the December/January issue of Asiamoney. Extended rankings will be available online, at www.asiamoney.com.

For further information regarding the poll, please contact Anthony Chan, Asiamoney head of research, on (852) 2912 8077 or anthony.chan@asiamoney.com.

19 Nov 2013