Ms. Huynh Bich Ngoc - Chairman of SBT's Board of Directors received the Top 5 Best Corporate Governance Award ...
Ms. Huynh Bich Ngoc - Chairman of SBT's Board of Directors received the Top 5 Best Corporate Governance Award in Large Cap Group.
Thanh Thanh Cong Bien Hoa Joint Stock Company (TTC Sugar, SBT) was honored in the Top 5 Best Corporate Governance of 2020 - Large Cap Group at the Conference of Listed Companies and the Awards Ceremony of the 2020 Listed Companies Voting Award held by the Ho Chi Minh City Stock Exchange (HOSE), Hanoi Stock Exchange (HNX), Securities Investment Newspaper and Dragon Capital Company.
As a leading company in Vietnam's sugar industry with 46% market share, and in the Top 30 largest listed companies VN30, this is the first time TTC Sugar is in the Top 5 of the Best Corporate Governance Companies with companies in the top such as VNM, FPT, PNJ and HCM.
This year's set of corporate governance criteria continues to innovate, gradually improve governance standards, built on the corporate governance principle of the Organization for Economic Cooperation and Development (OECD), corporate governance framework of ASEAN countries, with questions adapted to current regulations on CG and the actual situation of Vietnamese enterprises.
As a result, there are 15 enterprises with the Best Corporate Governance Award divided into 3 groups of large, medium and small capitalization and 1 enterprise with outstanding progress.
2020 is the third year that the Outstanding Listed Enterprise vote takes place. The poll each year will discuss more deeply about the corporate governance situation of the senior leaders with a separate set of criteria towards international standards to increase the attraction of foreign investment in enterprises. , raising the level of Vietnam's stock market.
The content of corporate governance assessment is not only based on the Annual Report, but also evaluates other official sources of information disclosure of listed companies such as websites, periodic and extraordinary information disclosures.
From 2019 to 2020 is an unforgettable period for Vietnam's Sugar industry in general and SBT in particular when from January 1, 2020, Vietnam officially implements the commitments of the ASEAN - Atiga Trade in Goods Agreement.
This is also the year when the Company suffered many influences and pressures when the low point of the world sugar industry did not end at the same time with the historic epidemic Covid-19 exploding and spreading globally. deeply affect many aspects of the Company's business activities.
In the context of more difficult than favorable conditions, SBT still closes the year 2019-2020 with positive results in many aspects of operation, successfully conquered for the first time and exceeded the consumption milestone of more than 1 million tons of Sugar, raising the domestic market share to 46% from 42% in the previous year.
With the goal of becoming "The leading sustainable and sourced agricultural product solutions provider in Indochina", while increasing domestic market share to 50% in the period 2020-2021, SBT continues to focus on exploiting and completing the sugarcane value chain, aiming to provide the market with Green energy solutions from clean production, transforming traditional agricultural models to organic farming, providing solutions Intensive agriculture for sustainable development.
The Board of Directors of the Company clearly stipulates the division of responsibilities and entitlements between the members of the Board of Directors as well as with the Board of Management to ensure effective participation of the Board of Directors in strategic direction and work oversight. management as well as the accountability of the Board to the Company and Shareholders. The ultimate goal is to create opportunities for the Company to access and optimize the capital market, especially to strongly develop international capital sources.
Previously, Annual Report of SBT also excelled in the Top 3 of the World's Best Annual Reports of Consumer Goods, voted by the League of American Communication Professional (LACP).
Annual Report of SBT has affirmed the Company's responsibility to related parties from information transparency. This is really a bright spot in the international effort and enhancement of the Vietnamese brand name of TTC Sugar.
Dau Tu Chung Khoan