Philippine conglomerate SM Investments garnered awards from two prestigious international publications.
First, SM was voted as one of the Philippines’ Best in Corporate Governance for 2008, based on a survey by Hong Kong-based, The Asset magazine. SM was voted for the same award in 2007. The award gives credence to the progressive approach that the holding company is taking in the area of corporate governance. The other awardees were Manila Water, Ayala Corp, Globe Telecom, and Bank of the Philippine Islands.