SABECO receives VIOD certificate for corporate governance best practices

On December 1, SABECO was honoured among 12 companies with a Board of Directors that is committed to the best corporate governance practices at the 2022 Board of the Year Award Ceremony at the sixth Annual Forum organised by VIOD.

SABECO receiving the VIOD certificate for corporate governance best practices

This title recognises the efforts of SABECO’s Board of Directors in committing to best corporate governance practices, improving governance quality, and targetting sustainable development.

It is also a testament to SABECO's results in integrating environmental, social, and governance (ESG) standards into its business activities, contributing to the green transformation process and the sustainable growth of the economy.

The award's evaluation standards are reflected through threemain criteria, including the Board of Directors' performance, sustainable development and value for stakeholders, and the overall quality of corporate governance.

VIOD evaluates and analyses information that is published by the listed businesses. The evaluation process includes three rounds that first assess enterprises against the set criteria, before the successful companies pass to the preliminary round and are elected to reach the final.

In the initial round, the professional secretariat researched, developed, and proposed a methodology to the jury to determine the score for the Board of Directors according to three criteria, namely board performance, ESG, and overall corporate governance.

In the preliminary evaluation round, 510 businesses in Vietnam entered and went through the appraisal processes to reach the final nomination list that included 33 Boards of Directors.

During the final round, the council held a meeting, evaluated the finalists, and voted. The panel included experts and representatives from management agencies including Vietnam's stock exchanges, law enforcement agencies, National Assembly delegate Phan Duc Hieu, and Big4 consulting organisations – represented by Deloitte, communications agencies, and VIOD.

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