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Award winners were selected based on the application of the ASEAN Corporate Governance Scorecard, which in turn was based on international best practices in corporate governance, including rights of shareholders, equitable treatment, role of stakeholders and disclosure and transparency.
The three companies recognised for having the best corporate governance frameworks in Vietnam were Vietnam Dairy Products Joint Stock Company (Vinamilk), Ho Chi Minh City Securities Corporation (HSC) and PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo).
“KPMG congratulates all of the winners recognised at the inaugural ACGCA, in particular the Vietnam winners Vinamilk, HSC and PVFCCo, all of which KPMG has worked with on governance and risk issues,” said Warrick Cleine, chairman and CEO of KPMG in Vietnam and Cambodia.
“Raising awareness on the importance of good corporate governance, and implementing appropriate policies and processes, are important for all stakeholders including investors, employees, suppliers and customers and all capital market participants. KPMG is very proud of supporting good governance and we want to congratulate the management at all three companies for leading the way on this important issue,” Cleine added.
KPMG’s commitment to good corporate governance was highlighted earlier this year when KPMG and Australia’s leading educational institution RMIT teamed together to launch the KPMG-RMIT Centre for Governance.
KPMG, a global network of professional firms providing Audit, Tax and Advisory services, operate in over 155countries and have more than 155,000 professionals working in member firms around the world.