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FPT picks up corporate governance award

Released at: 14:17, 19/02/2016

FPT picks up corporate governance award

Telecoms giant wins Asia Money award for having best corporate governance in Vietnam.

by Quynh Nguyen

FPT was recognized as having the best corporate governance in Vietnam by Asia Money, Asia’s leading financial publication, on February 17.

The award is the biggest for corporate governance in Asia and selected annually by hundreds of leaders and financial experts in the region.

FPT secured the Best Overall for Corporate Governance in Vietnam after winning four out of five important categories: Best for Disclosure and Transparency in Vietnam, Best for Shareholders’ Rights and Equitable Treatment in Vietnam, Best for Responsibilities of Management and the Board of Directors in Vietnam, and Best for Investor Relations in Vietnam.

In 2015 Asia Money published the rankings of nine Asian countries to honor enterprises that made efforts to improve corporate governance. In Vietnam it selected 18 enterprises following expert assessments.

The four awards recognize FPT’s efforts in corporate governance in general and investor relations in particular. After nearly ten years on the stock exchange it has been named among the top publicly-listed companies paying the highest dividends and ensuring shareholders’ rights and equitable treatment.

In terms of disclosure, FPT has always among the first to publish financial statements among Vietnam’s Top 30 firms in terms of scale and complexity in reporting. In addition to quarterly and annual financial statements it is one of only a few to also publish monthly business results.

FPT also went the extra mile to improve corporate governance quality in accordance with international standards by appointing world leading experts on information technology and business administration as independent members of its Board of Directors.

Its management team also attends quarterly investor meetings and many major investment conferences at home and abroad to better communicate with not only shareholders but also potential investors.

In 2015 FPT’s investor relations department and its senior leaders met 131 foreign investment funds in order to introduce FPT and help promote its name in the global investment community.

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