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MANILA, Philippines, May 17, 2011 – Philippine Long Distance Telephone, Co. (PLDT) is the best managed company in the Philippines, according to the annual poll of Asia’s top companies by FinanceAsia, a leading financial publication in Asia.
PLDT led in four out of five categories covering large market capitalization companies based on the results of tallied votes from more than 300 investors and analysts across the region. FinanceAsia announced the winners of its 11th annual poll last week.
PLDT maintained its lead as the Most Committed to a Strong Dividend Policy for the third consecutive year.
PLDT also climbed to the top of the list of Philippine companies in the Best Corporate Governance category after placing third in 2010.
In terms of investor relations, PLDT established its unrelenting commitment to its investors, raking in a majority of the votes and topping the category of Best Investor Relations, also in three consecutive years, among 11 of the country’s top companies.
PLDT was also recognized as one of the top companies [also ranked fourth among the companies] in the Best Corporate Social Responsibility category.
“We are pleased that the investor community has recognized our efforts to steer the Company safely through the winds of change now sweeping the telecommunications industry today,” said PLDT Chairman Manuel V. Pangilinan.
“We remain focused on maximizing our existing businesses whilst innovating for a new future,” he added.
FinanceAsia is a Hong Kong-based publication reporting on Asia’s financial and capital markets through a daily website and monthly magazine. It is part of the Haymarket Group, the largest privately owned publishing company in the UK, created in part by Lord Heseltine, the former UK deputy prime minister.
According to FinanceAsia, the poll results will be published country by country during the course of the next week, before finally revealing which companies are viewed to be the best managed in Asia in 10 key industries.
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