URC, Best Managed Consumer company in Asia

Universal Robina Corp (URC) has been voted as the "Best Managed Consumer Company in Asia" and its head, Lance Gokongwei, Best CEO for the Philippines.

The company was also ranked among the top ten in the country awards in terms of investor relations, dividend payment, corporate governance and best managed as a public corporation by leading business magazine Finance Asia.

As Asia's best, URC had made it for a second year in a row.

With these awards, URC joins the ranks of Asia's biggest and most trusted conglomerates, including China Telecom and Hong Kong's Hutchison Whampoa.

Finance Asia surveyed over 250 portfolio managers and analysts.

They were asked to choose listed companies in Asia that they believe are the best managed, with the best senior executives and best policies around dividend payments and other corporate programs.

URC, one of the Philippines' biggest and most diversified food firms, was recently conferred the "Company of the Year" award by the Fund Managers Association of the Philippines (FMAP), after topping the group's poll of banks and brokers.

FMAP said URC was given the award "in line with our advocacy of promoting good corporate governance and minority shareholders protection among listed companies".

Over three years, URC's stock has grown by 264 percent.

URC has been steadily expanding its presence in the Asia-Pacific, as it seeks to grow its international business.

The company has acquired New Zealand's leading snacks food manufacturer, Griffin Foods, for about NZ$700 million (P24 billion).

 


From L to R: Manuel N. Tordesillas, President and CEO, Maybank ATR Kim Eng Capital Partners, Inc.; Lance Gokongwei, URC President & CEO; Ramon B. Arnaiz Chairman, Maybank ATR Kim Eng Capital Partners, Inc.; Cornelio Mapa, EVP&MD, URC Branded Consumer Foods Group; and Lorenzo T. Roxas, Chairman and President, Maybank ATR Kim Eng Securities, Inc.