FPT is in the Top 5 Vietnamese enterprises with the best management quality in ASEAN

(Chinhphu.vn) - FPT was honored in the Top 5 Vietnamese enterprises with the highest scores on corporate governance in the ASEAN region in 2024, according to the results of the ASEAN Corporate Governance Scorecard (ACGS).

Representing FPT Corporation, Ms. Mai Thi Lan Anh, FPT Communications Director received the award.

The Top 5 enterprises will represent Vietnam at the ASEAN Enterprises with Excellent Corporate Governance Award Ceremony held in Malaysia next July.

The ASEAN Corporate Governance Scorecard assesses companies based on the following criteria: ensuring the rights and equitable treatment of shareholders; resilience and sustainability; information disclosure and transparency; and the capacity and effectiveness of the board of directors.

In particular, the factor of resilience and sustainability is included for the first time to evaluate businesses in this year's rankings, reflecting the global trend of integrating ESG into corporate governance strategies.

According to the Vietnam Institute of Directors (VIOD), the top enterprises in corporate governance, including FPT, not only have scores that are superior to the average in Vietnam but also have scores that are "close" to the average score in the region.

Specifically, in the criteria of persistence and sustainability, the average score of Vietnamese enterprises in the top of corporate governance is 75%, the ASEAN average is 79%. In the criteria of information disclosure and transparency, the average score of Vietnamese enterprises in the top of corporate governance is 75%, the ASEAN average is 76%.

This award once again affirms FPT's modern, transparent and sustainable management capacity in the context of increasingly high international standards and strong domestic institutional changes.

Corporate governance is a strategic lever

The Vietnam Institute of Directors also said that Resolution 68-NQ/TW identifies the private sector as the most important driving force of the economy, while also setting out urgent requirements for perfecting and building a modern, transparent, stable and synchronous institution. The core spirit is to shift from the “ask – give” model to “empower – protect – create”, creating a legal corridor to encourage innovation, healthy competition and effective investment.

In this context, corporate governance is identified as a strategic lever for businesses to seize institutional opportunities, develop rapidly and sustainably, and integrate more deeply into the market with the participation of international investment funds.

In 2024, FPT was also honored by VIOD for its Board of Directors' commitment to good corporate governance practices. FPT's Board of Directors is diverse in knowledge, professional experience and complies with international practices regarding gender and the number of independent board members.

All members of the board of directors are knowledgeable or have specialized knowledge in finance, risk management, information technology, law, business administration, international experience, and business environment.

Among them, there is 1 member with many years of experience in the financial field, 5 members with extensive experience in the information technology field and 1 member with deep understanding of the investment and business administration fields.

With nearly half of the board members being independent members, FPT's Board of Directors also ensures objective and effective criteria for the sustainable development of the Group and the highest interests of shareholders and stakeholders.

FPT's independent board members are qualified, have professional experience and meet IFC's criteria for the definition of "independent board members contribute to ensuring more objective decision-making, especially in situations of conflict of interest".

Over the years, in order to improve compliance with legal regulations on corporate governance, the Group has also made efforts to improve governance quality according to international standards, through the application and increasingly adhering to the criteria in the OECD's international governance principles, the ASEAN Corporate Governance Scorecard and the set of corporate governance principles according to best practices in Vietnam jointly drafted by the State Securities Commission and the International Finance Corporation (IFC).

These efforts of the Group have been recognized and highly appreciated by the investor community, financial institutions as well as prestigious organizations at home and abroad through prestigious awards such as Top 5 large-cap enterprises with the best corporate governance, Top 3 Vietnamese enterprises with the best corporate governance score in the ASEAN region, Top 15 listed enterprises with good financial management capacity, etc.

HM

Source: https://baochinhphu.vn/fpt-lot-top-5-doanh-nghiep-viet-co-chat-luong-quan-tri-tot-nhat-asean-102250607072509638.htm