16 December 2008
Singapore, 16 December 2008 - Leading international magazine Euromoney has today named StarHub a winner of the Euromoney 'Best Managed and Governed Companies - Asia poll 2009'.
The poll is based on replies received from a total of 211 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region. 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 StarHub for its leading role in promoting transparent communication to investors, citing that "StarHub has continuously displayed a strong full service strategy, a strong restructuring story and a strong growth strategy". Analysts also noted that StarHub have received high recognition from their client and had shown the correct strategy on bundling for StarHub.
Terry Clontz, CEO of StarHub said, "It is indeed an honour to be the recipient of this prestigious award by Euromoney Magazine. StarHub remains steadfast in our belief in maintaining frequent and open communications with stakeholders, analysts, and the media. StarHub's Board and Management have fully embraced a strong policy of good corporate governance and transparency, which has been in place even before our listing on the Main Board of the SGX-ST in October 2004. We are tremendously pleased to see that this commitment has been recognised by the investor community."
This is the 8th 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: "We are delighted at the response to the Best Managed and Governed Companies in Asia Poll 2009. From the 4,384 nominations for 683 companies that we received, it is clear that senior management at the leading companies in Asia are very highly regarded. This can only help them as they expand globally. Interestingly, the most respected companies seem to be ones that have had good continuity of management over many years."
Subscribers to Euromoney can access all of the rankings online at www.euromoney.com today.