Rating of Aboitiz Equity Ventures, Inc
Aboitiz Equity Ventures, Inc. (AEV) and its three publicly listed subsidiaries all landed in the top 30 out of the 214 companies rated by the Institute of Corporate Directors (ICD) in 2009.
The three AEV subsidiaries named in the top 30 are Aboitiz Power Corp. (AboitizPower), Aboitiz Transport System Corp. (ATS) and Union Bank of the Philippines (UnionBank).
This, as AEV and AboitizPower were also cited as among the Best Managed Companies by Finance Asia in its 10th Best Companies in Asia Poll.
AEV president and chief executive officer Erramon Aboitiz expressed satisfaction at the awards of the four companies.
“As we grow our business and increase the magnitude of our moves, we are cognizant that we also have to strengthen our corporate governance practices and structure. We are very pleased to see that our businesses have responded very well to this call,” he added.