For the second straight year, Philippine conglomerate SM Investments Corporation (SM) won The Asset Platinum Corporate Award 2010 for all-around excellence in management, financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations. This award was given by The Asset Publishing and Research Ltd, a distinguished multi-media entity serving the Asian financial markets and publisher of The Asset magazine. It is the highest award given to only 20 companies in Asia, of which four are from the Philippines. Gold and Titanium awards were given to other companies for specific aspects of management only.

Of the four Philippine companies that garnered the 2010 edition of the prestigious award, three are SM-related, to include subsidiaries SM Prime Holdings, Inc. (SM Prime) and Banco De Oro Unibank (BDO).
 
SM President Mr. Harley T. Sy said, “Winning The Asset’s Platinum Corporate award for two consecutive years is indeed a great honor for SM. It motivates us further to adopt and implement best practices in corporate management and citizenship, which truly benefit our shareholders, investors, clients, employees, and all of our other stakeholders.”

The award is open to all publicly listed companies in Asia. To determine the winners, a comprehensive screening system is employed which rates several areas of management such as financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations. The companies are rated by investors, analysts, and industry specialists, through interviews conducted by The Asset. “The winning companies achieved higher scores than in 2009, indicating a further trend towards excellence in management among Asia’s blue chips,” The Asset pointed out.