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Awards
Corporate Governance Asia Awardee
Manila Water was given the distinct honor of being one of the awardees in the 6th Corporate Governance Asia Recognition Awards held in Hongkong by the Corporate Governance Asia last June 15, 2010. The award was in recognition of Manila Water’s continuing commitment to the development of Corporate Governance in the region. There were 12 awardees from the Philippines which include Ayala Corporation, Ayala Land, Bank of the Philippines Islands and Globe Telecom. This is the fourth time Manila Water has been given the award.
Corporate Governance Asia is the region's most authoritative journal on Corporate Governance. Published quarterly, the Corporate Governance Asia provides news and analysis on corporate governance issues, boardroom practices and shareholder activism. More than 2,000 people participated in the survey conducted by CorpGov Asia from the Asian region. Manila Water was awarded the Gold Award by the Institute of Corporate Directors for the second straight year for its 2009 Scorecard Project. Out of 214 publicly-listed companies who participated in the 2009 Publicly-Listed Companies Scorecard, 11 companies garnered the Gold Award or those with 95% and up rating in the scorecard. Corporate Governance Asia Annual Recognition Awards 2009 Manila Water was cited as one of the best in Corporate Governance in the Philippines in the Corporate Governance Asia Annual Recognition Awards for 2009. This is the third straight year that Manila Water was cited by Corporate Governance Asia. The awarding was held last June 26, 2009 at the JW Marriott Hotel in Hong Kong. Gold Award for ICD’s CorpGov Scorecard Project For the third straight year, Manila Water has been recognized as one of the best in Corporate Governance in the last Corporate Governance Scorecard by the Institute of Corporate Directors (ICD). Given in the last ICD’s Annual Dinner last May 27, 2009, the Gold Award was received by Manila Water’s president, Jose Rene Almendras. 
The Asset Magazine’s annual Corporate Governance Index 2008 Manila Water has been named the best company in the Philippines, in terms of Corporate Governance in The Asset Magazine’s annual Corporate Governance Index 2008. The results were published in the November 2008 issue of the asset. The publication’s basis for corporate governance standards is The Combined Code Principles of Good Governance and Code of Best Practice derived by the committee on its final report and from the Cadbury and Greenbury Reports. It also based it on the White Paper on Corporate Governance in Asia produced by the Organization for Economic Cooperation and Development (OECD). As in previous years, The Asset invited companies to present their annual results in complying with best practices. For more information, please visit http://www.theasset.com Corporate Governance Asia Annual Recognition Awards 2008 Manila Water was one of the recipients of the Corporate Governance Asia Annual Recognition Awards for 2008. This marks the second straight year that Manila Water was cited by Corporate Governance Asia (please see below). This year, Corporate Governance Asia included the following items to its criteria for the award:
2007 Corporate Governance Scorecard Project Manila Water received two awards at the Institute of Corporate Directors’ (ICD) Annual Dinner on May 28, 2008. Manila Water was among the 20 companies given an award for garnering the highest ratings in the 2007 Corporate Governance Scorecard Project, jointly conducted by the ICD, Philippine Stock Exchange and Securities and Exchange Commission among 138 publicly-listed companies. From its average rating of 71% in the 2006 Corporate Governance Scorecard Project where Manila Water ranked 7th out of 64 listed companies (please see below), Manila Water’s rating jumped to 85% in 2007. Manila Water was also one of 11 companies to receive a citation for its active participation in the ICD Companies’ Circle, composed of publicly-listed companies who have committed to strengthen corporate governance practices in the country. The Companies’ Circle meets monthly and undertakes projects such as the review of the SEC Code of Corporate Governance and the SEC Manual of Corporate Governance. Corporate Governance Asia Annual Recognition Awards 2007 Manila Water was one of the recipients of the Corporate Governance Asia Annual Recognition Awards in 2007. The award was given to Manila Water in recognition of its continuing commitment to the development of corporate governance in the region. Corporate Governance Asia is the only journal currently specializing in corporate governance in the region. It evaluated the performance of key companies and listed those that have contributed significantly to the over-all development of corporate governance during the past year. In the Philippines, seven companies were chosen. Along with Manila Water, Ayala Corporation, Globe, Metrobank, PLDT, San Miguel Corporation and SM Investments were also cited. According to Corporate Governance Asia, the annual recognition awards recognize Asian companies that demonstrate excellence in corporate governance with Asian values and spirit. The criteria for the award are as follows:
2007 Asiamoney Award In January 2007, Manila Water was voted 2nd Best Over-all for Corporate Governance in the Philippines for 2006 in a survey conducted by Asiamoney. The criteria for the survey were disclosure and transparency, responsibilities of management and the board of directors, shareholders’ rights and equitable treatment, and investor relations. Manila Water considered the high rating as a significant achievement for the company especially since it was evaluated only months after its listing in March 2005. Further, Manila Water is the only medium-sized company among the seven Philippine awardees. The rest of the awardees were large-cap stocks. Asiamoney, a leading financial publication, conducted the survey among CEOs, CIOs and senior executives from fund management and hedge fund companies in the Asia-Pacific region, UK and USA, as well as heads of research and senior analysts in brokerages across the region. Asiamoney received a total of 88 valid responses, from 76 different institutions. Seventeen Philippine companies were cited in the survey, with Manila Water coming after PLDT. Manila Water’s parent company Ayala Corporation was voted third best. 2006 Corporate Governance Scorecard Project Manila Water ranked seventh in the 2006 Corporate Governance Scorecard Project for Publicly-Listed Companies conducted by the Institute of Corporate Directors. This marked the first time that Manila Water was rated by the Scorecard Project as it was listed only on March 2005, making ranking so high even more of an achievement. The Scorecard Project involves an annual rating of the corporate governance practices of local publicly-listed companies. 64 listed companies were rated for 2006. The project was conducted under the auspices of the Capital Markets Development Council and the President’s Governance Advisory Council. The criteria for the project are rights of shareholders, equity of shareholders, role of stakeholders, disclosure and transparency, and board responsibility.
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