Annual list reveals top performing leaders and companies across the Asia-Pacific region
|HONG KONG, CHINA – July 12, 2017 – Today, Institutional Investor revealed its annual rankings of individuals and companies which best uphold corporate governance standards and engage with investors in a transparent, meaningful way.
A total of 3,074 buy-side individuals and 858 sell-side analysts participated in the 2017 All-Asia Executive Team Honored Companies survey and nominated 2,510 companies across 18 sectors, based on six core attributes: accessibility of senior executives, constructive conference calls and meetings, well-informed and authoritative investor relations, quality corporate documents, quick response to requests and timely financial disclosures.
The survey revealed three key trends:
“International investors continue to view the Asia Pacific region as a really good investment opportunity,” said Will Rowlands-Rees, Managing Director Institutional Investor Research. “This year we saw a real investor focus on Chinese companies at the expense of some more established markets like Korea and Australia, and their efforts to be transparent and trustworthy for domestic and international investors alike are being recognized.”
Institutional Investor‘s confidential and unprompted voting gathers data from buy- and sell-side analysts and corporations to determine the rankings in four categories — Best CEO, Best CFO, Best IR Professional and Best IR Company — at Asian (ex-Japan) companies. Participating buy-side analysts manage US$1.5 trillion in Asian equities, excluding Japan. The title of “Honored Company” goes to businesses earning a top-three position in one of the four categories, while “Most Honored Company” goes to companies that secure two or more top-three appearances.
Weighted scores determine the ranks; each first place position is worth 3 points; second place, 2 points and third place, 1 point. Most Honored Company always ranks above Honored Company, regardless of score.
“We’re pleased to receive this recognition for our high standards of corporate governance, transparency and investor communication, which are vital to the long term success and sustainability of our business,” said Wang Xiaochu, Chief Executive Officer of China Unicom, the top-ranked Most Honored Company in the Telecommunications sector.
Last year, four companies captured first place in every single category in which they were eligible to compete. This year, however, only one company seized the first place title in all four categories — Taiwan Semiconductor Manufacturing Corp., the world’s largest semiconductor foundry, outshining others in Technology / Semiconductors.
Of the 18 sectors, Chinese companies took the top spot in 8 industries while Hong Kong companies seized the top spot for 6.
“Although it’s clear that Chinese companies are raising their state of play, Hong Kong is maintaining its historical status as a regional financial and business center trusted by investors year in and year out,” Rowlands-Rees said.
Hong Kong-based Link Real Estate Investment Trust achieved Most Honored Company status in the Property sector, with its Chief Executive Officer ranking first.
“As a company wholly owned by private and institutional investors, this ranking is extremely important to us because of the perception it represents,” said George Hongchoy, Chief Executive Officer of Link Asset Management Limited, the manager of Link Real Estate Investment Trust. “We consider Institutional Investor ranking the gold standard and review the list each year for guidance on staying competitive, continuing to provide the highest level of transparency around our business, and engaging with investors in Asia and beyond.”