Asean corporate governance: Yoma ranked 18th among Singapore companies

YOMA Strategic Holdings has been ranked 18th among 100 largest Singapore-listed companies in the Asean Corporate Governance Scorecard 2014.

This is the second year that the company has been selected for the Singapore portion of the Scorecard, said the group on Wednesday.

Serge Pun, executive chairman of Yoma, said the group believes responsible business practices are key to sustainable growth, especially in an emerging market such as Myanmar.

So, as part of its commitment to raise awareness and standards of responsible business practices in the country, the group has, among other initiatives, conducted seminars and workshop on responsible business for small and medium enterprises around Myanmar.

The Scorecard is the joint initiative of the Asean Capital Markets Forum and the Asian Development Bank.

It examines corporate governance performance of public-listed companies in six Asean countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

The assessment is based on publicly available information and benchmarked against international best practices that encourage publicly listed companies to go beyond national legislative requirements.