AirAsia named as ‘Best managed company in Malaysia’

Posted on January 10, 2013 by sagarmedia

FOR IMMEDIATE RELEASE AirAsia named as ‘Best managed company overall in Malaysia’ and ‘Best managed company in Asia – Airlines/Aviation’ by Euromoney Magazine SEPANG, 10 JANUARY 2013 - Leading international magazine Euromoney has today named AirAsia Berhad as winner of the overall best managed company in Malaysia as well as the best managed company in Asia in the Airlines/Aviation sector for the Euromoney ‘Best Managed and Governed Companies – Asia poll 2013’. The poll is based on replies received from a total of 130 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 207 different companies. Analysts were asked to name which companies were the most impressive across a number of factors including; management accessibility, accounting transparency and corporate governance procedures amongst others. Analysts praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”. Analysts also noted that “AirAsia senior management is open to all questions and requests from investors and analysts regarding the company’s performance and external relations are properly maintained.” Tan Sri Tony Fernandes, Group Chief Executive Officer of AirAsia stated that, “We are very proud of the acknowledgement that Euromoney has given us. This is a conscious effort by the management to ensure the company is committed in ensuring investors and stakeholders confidence are maintained through transparency and good governance. We have always believed we have a strong investment case and will continue to push the barriers by gaining further access to a wider investor base.” This is the 14th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published and is seen as the benchmark survey of the opinions of equity analysts in the region. Clive Horwood, Editor of Euromoney Magazine, said: “Asia’s best-managed companies are taking advantage of their country’s world-beating growth rates to focus on integration and expansion, while peers from other parts of the world are distracted by the tough global environment. The results of this year’s poll show that analysts are still rewarding prudent gearing, transparency, good governance and clear articulation of strategy.”