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Saturday, 11 January 2014
AirAsia wins Asia’s Best Managed Company two years in a row
Aireen (right) receiving the ‘Best Managed company in Asia for the Airlines & Aviation sector’ certificate from Euromoney Magazine Asia Regional head; Marcus H Langston.
KUCHING: International magazine Euromoney has once again named AirAsia Bhd (AirAsia) as the winner of the ‘Best Managed Company in Asia for the Airlines and Aviation Sector’, for Euromoney’s ‘Best Managed and Governed Companies – Asia Poll 2014’.
AirAsia was the winner of the same accolade in 2013, a tribute to the company’s focus on integration and expansion and excellent corporate foresight of the aviation industry.
The poll is based on replies received from a total of 93 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 214 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 praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”.
Analysts also noted that “AirAsia senior management continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”
Aireen Omar, chief executive officer of AirAsia said, “This is an excellent start for us in 2014, being the recipient of one of the highest accolades in the industry from Euromoney.
“This achievement reflects our commitment to ensure utmost transparency and good governance in our business, in order to preserve the confidence of our stakeholders and investors.
“Total confidence and unshaken credibility is vital in our quest to expand the business and extend our reach across the region and beyond.”
This is the 15th 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, “The continuing prominence of Asia in global markets has created new growth opportunities for Asian companies.
“Through our annual survey, leading analysts covering Asia across all sectors have rewarded well governed institutions for sound financials and transparent relations with an increasingly wider investor pool.”
Source & Photo : www.theborneopost.com, 11 Jan 2014