At the workshop “Resolution 68-NQ/TW on private economic development: What opportunities for listed enterprises and public companies?” recently organized by the Vietnam Institute of Directors (VIOD) and the State Securities Commission, 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).
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; Sustainability and sustainability; Information disclosure and transparency; and Board capacity and performance. In particular, the Sustainability and sustainability factor is included for the first time to assess companies in this year's rankings, reflecting the global trend of integrating ESG into corporate governance strategies.
According to 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 of the region. Specifically, in the criterion of Persistence and sustainability, the average score of Vietnamese enterprises in the top in corporate governance is 75%, the average of ASEAN is 79%. In the criterion of Information disclosure and transparency, the average score of Vietnamese enterprises in the top in corporate governance is 75%, the average of ASEAN 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. According to VIOD, 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 (CG) is identified as a strategic lever for enterprises to seize institutional opportunities, develop quickly and sustainably, and integrate more deeply into the market with the participation of international investment funds.
Last year, 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 members of the Board of Directors. All members of the Board of Directors are knowledgeable or have professional knowledge in finance, risk management, IT, law, business administration, international experience, and the business environment. Among them, there is 1 member with many years of experience in the financial sector, 5 members with extensive experience in the IT sector and 1 member with in-depth knowledge of investment and corporate governance.
With nearly half of the Board members being independent members, FPT's Board of Directors also ensures the criteria of objectivity and efficiency 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 the criteria of IFC on the definition of "independent Board members contribute to ensuring more objective decision-making, especially in situations of conflict of interest".
Over the years, FPT has always complied with important legal regulations related to corporate governance in general as well as governance regulations for listed companies. At the same time, 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 International Governance Principles, the ASEAN Corporate Governance Scorecard and the Vietnam Corporate Governance Code of Best Practices 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.
Source: https://doanhnghiepvn.vn/kinh-te/kinh-doanh/fpt-lot-top-5-doanh-nghiep-viet-nam-co-chat-luong-quan-tri-tot-nhat-asean/20250607073324530
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