Phat Dat recognized among top 10 listed companies for best corporate governance in 2023
Phat Dat Real Estate Development Corporation (HOSE: PDR) has been honored as one of the Top 10 listed companies with outstanding corporate governance (CG) in the large-cap category. It stands as the sole real estate enterprise to earn a spot in this ranking.
On December 15, 2023, at the prestigious 2023 Listed Company Awards (VLCA) Ceremony, over 50 distinguished listed companies were acknowledged for their commitment to information transparency. Phat Dat proudly secured a place in the Top 10 listed companies with the most commendable CG practices in 2023.
A representative from PDR received the award recognizing it as one of the Top 10 listed companies with best CG.
The event was integrated with the Annual Listed Company Conference 2023, featuring the participation of key figures from the State Securities Commission, Stock Exchanges, the Vietnam Securities Depository and Clearing Corporation, as well as representatives from nearly 300 listed enterprises, securities firms, fund management companies, and other financial institutions in the market. This marked the 16th year of the program’s partnership with the Vietnamese Stock Market and the listed business community.
It is noteworthy that, alongside the assessment of Annual Reports and Sustainability Reports, the VLCA voting process also conducted an in-depth assessment of CG practices of listed companies with specific criteria. Thereby, the program encourages the adoption of international CG standards and practices, fostering the creation of a sustainable development environment for businesses.
Following a rigorous evaluation process, Phat Dat Real Estate Development Corporation received honors as one of the Top 10 Listed Companies with the best CG practices in the large-cap group. This recognition serves as recognition of the company’s unwavering commitment to transparency, providing comprehensive information to investors, shareholders, and customers throughout the years.
Acknowledging that CG is a pivotal factor for achieving sustainable development, gaining investor confidence, and promoting economic growth, the leadership of Phat Dat has consistently enhanced CG practices in recent years. They ensure the timely and accurate disclosure of relevant business activities in adherence to legal regulations.
From 2018 to the present, Phat Dat has upheld its Board structure, roles, and operational efficiency through the model of a General Meeting of Shareholders, Board of Directors, and CEO. Independent members constitute at least 20% of the Board, and an Audit Committee operates under the Board. Board members possess diverse expertise in both economics and engineering. The Board diligently oversees the company’s operations, engages in regular discussions with the CEO, and complies with timely information disclosure regulations. During this period, the Board has conducted 32 Board meetings, passing 48 resolutions, with a participation rate of at least 7/8 members in all meetings.
Phat Dat’s governance and information disclosure on the stock market consistently receive high appreciation for transparency, timeliness, and effectiveness. These accomplishments coincide with Phat Dat’s imminent 20th anniversary, providing added impetus and confidence for the leadership and all employees to continue striving for sustainable development and enhancing the company’s brand image in 2024.
