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Singapore
Apr 16, 2010
SPH is 5th most transparent
<!-- by line --> <!-- end by line --> MEDIA group Singapore Press Holdings (SPH) leapt from 24th to fifth spot in this year's Governance and Transparency Index (GTI). The GTI, which ranks all companies listed on the Singapore Exchange on their governance standards, financial transparency and investor relations, was launched by The Business Times and the National University of Singapore's Corporate Governance and Financial Reporting Centre in Nov 2008. It is sponsored by CPA Australia and supported by the Investment Management Association of Singapore. The award ceremony was held at the CPA Forum at the Swissotel Stamford on Friday, with Senior Minister of State for Trade & Industry and Education S. Iswaran as the guest of honour.
Mr Alan Chan, SPH's Chief Executive Officer, said: 'We are pleased with our improved ranking in this year's Governance and Transparency Index. Having rigorous governance and transparency standards make good business sense as we continue to engage our stakeholders and win their confidence.' 'These traits are also critical to the success of SPH and have helped us weather the recent economic downturn.' SingTel topped this year's GTI ranking, followed by SMRT and Singapore Exchange in second and third places respectively. Keppel Corporation was fourth and Singapore Airlines shared the fifth position with Singapore Press Holdings.
Apr 16, 2010
SPH is 5th most transparent
<!-- by line --> <!-- end by line --> MEDIA group Singapore Press Holdings (SPH) leapt from 24th to fifth spot in this year's Governance and Transparency Index (GTI). The GTI, which ranks all companies listed on the Singapore Exchange on their governance standards, financial transparency and investor relations, was launched by The Business Times and the National University of Singapore's Corporate Governance and Financial Reporting Centre in Nov 2008. It is sponsored by CPA Australia and supported by the Investment Management Association of Singapore. The award ceremony was held at the CPA Forum at the Swissotel Stamford on Friday, with Senior Minister of State for Trade & Industry and Education S. Iswaran as the guest of honour.
Mr Alan Chan, SPH's Chief Executive Officer, said: 'We are pleased with our improved ranking in this year's Governance and Transparency Index. Having rigorous governance and transparency standards make good business sense as we continue to engage our stakeholders and win their confidence.' 'These traits are also critical to the success of SPH and have helped us weather the recent economic downturn.' SingTel topped this year's GTI ranking, followed by SMRT and Singapore Exchange in second and third places respectively. Keppel Corporation was fourth and Singapore Airlines shared the fifth position with Singapore Press Holdings.
