The ASEAN Capital Market Forum (ACMF) recognized SM Investments Corporation (SMIC), the parent firm of the SM group, and its property arm, SM Prime Holdings, Inc. (SM Prime) among the Top 50 ASEAN publicly listed companies (PLCs).

Anchored on the 2024 ASEAN Corporate Governance Scorecard (ACGS) Regional Assessment, this is the second time SM received affirmation from the ACMF that its corporate governance standards at par with internationally-accepted best practices after both SMIC and SM Prime secured the top spots in the 2022 awarding ceremony.

"Our recognition at this year's ACGS Awards validates our commitment to building sustainable and resilient communities," said Jeffrey C. Lim, President of SM Prime Holdings. "It affirms our belief that good governance goes hand in hand with long-term value creation for shareholders and stakeholders alike."

The ACGS evaluated 569 large-market-cap PLCs across the region, recognizing companies that uphold the highest standards of corporate governance aligned with international best practices.