HCMC – Forty listed companies were honored across three categories—outstanding annual reports, sustainability reporting awards and corporate governance awards—at the Vietnam Listed Company Awards 2020, held on December 4 at the Vinpearl Phu Quoc Convention Center.
This year, the organizing committee decided to turn the annual awards ceremony into a Listed Company Conference and chose to organize both the conference and awards ceremony on December 4, World Wildlife Conservation Day.
This year’s assessment criteria were revised with higher standards required for corporate governance that could lower the scores of businesses. Specifically, the disclosure of the corporate information of companies saw their scores declining to 54% this year from the 69.4% seen in 2019.
However, one upside this year is that companies have applied the Vietnam Corporate Governance Code of Best Practices, which was launched last year, and used it as a guideline for reforming their corporate governance activities.
The Vietnam Listed Company Awards, formerly known as the Annual Report Awards, is annually held by the Hochiminh Stock Exchange, in coordination with the Hanoi Stock Exchange, the Vietnam Investment Review and fund management firm Dragon Capital.
The year 2020 also marks the 13th edition of the awards in the local stock market. The event is aimed at supporting and encouraging listed companies to enhance their professionalism, transparency and the capacity to spread information to investors, in order to achieve effective corporate governance and sustainable development.
By Thanh Thuong