Leading international magazine Euromoney has once again named AirAsia Berhad as the winner of the ‘Best Managed company in Asia for the Airlines & Aviation sector’, for the Euromoney ‘Best Managed and Governed Companies – Asia Poll 2014’.
AirAsia Flight Attendants
AirAsia was the winner of the same accolade in 2013, a tribute to the company’s focus on integration and expansion and excellent corporate foresight of the aviation industry.
The poll is based on replies received from a total of 93 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 214 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 continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”
Tony Fernandes, AirAsia’s Group CEO commented, “It is great to be voted best managed company as it typifies our strength in ensuring cost is lowered and in the same time find innovative ways to increase revenues. Our focus is really to ensure analyst and investors fully understand the strength of the company in overcoming challenges by being innovative and cost discipline in our business.”
This is the 15th 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, “The continuing prominence of Asia in global markets has created new growth opportunities for Asian companies. Through our annual survey, leading analysts covering Asia across all sectors have rewarded well governed institutions for sound financials and transparent relations with an increasingly wider investor pool.”