International magazine Euromoney has named International Container Terminal Services, Inc (ICTSI) as winner of the overall best managed company in Asia for the Transportation / Shipping sector in the Euromoney ‘Best Managed and Governed Companies – Asia poll 2013.’
The poll is based on replies received from a total of 130 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 207 different companies. Analysts were asked to name which companies were the most impressive across a number of factors, including management accessibility, accounting transparency and corporate governance procedures amongst others.
Analysts noted ICTSI’s role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility.” Analysts also noted that “ICTSI senior management is open to all questions and requests from investors and analysts regarding the company’s performance and external relations are properly maintained.”
On receiving the award, Enrique K. Razon Jr., ICTSI chairman and president, said the award “comes at an opportune time as we are celebrating our 25th anniversary. We are also thankful for the continued trust and confidence of the public represented by the equity analysts who participated in the survey. We assure our shareholders and industry stakeholders of our continued commitment to transparency and good governance in all areas of our operations.”
This is the 14th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published, and is seen as the benchmark survey of the opinions of equity analysts in the region. Clive Horwood, editor of Euromoney Magazine, said: “Asia’s best-managed companies are taking advantage of their country’s world-beating growth rates to focus on integration and expansion, while peers from other parts of the world are distracted by the tough global environment. The results of this year’s poll show that analysts are still rewarding prudent gearing, transparency, good governance and clear articulation of strategy.”
Subscribers to Euromoney can access all of the rankings online at www.euromoney.com.