PNJ was honored in the Top 10 best corporate governance enterprises for the third consecutive year, and in the Top 20 best annual reports in the non-financial group at the 2024 Listed Enterprise Awards.
PNJ is one of the few listed companies that has maintained its position in the top 10 for corporate governance for three consecutive years (from 2022 to present), and is also listed among the companies with the best annual reports in the non-financial group. These are two important categories of the annual Listed Company Awards.
The Listed Enterprise Awards is an annual event jointly organized by the Ho Chi Minh City Stock Exchange, the Hanoi Stock Exchange and the Investment Newspaper. Over the past 17 years, the awards have become a prestigious event in the business community and the Vietnamese stock market. The awards committee includes professional partners such as the Association of Chartered Certified Accountants (ACCA), the Vietnam Institute of Directors (VIOD), the International Finance Corporation (IFC) and leading auditing firms such as PwC, Deloitte, KPMG, EY, etc.
This year, the voting attracted more than 500 enterprises on both exchanges. The enterprises had to pass 2 rigorous selection rounds, in which the final round voting council was composed of managers and experts in the securities, auditing and corporate governance industries. After nearly 6 months of evaluation and voting, 44 enterprises were honored in 3 categories.
“The vote does not stop at voting and honoring. We aim to elevate the status of Vietnamese listed companies by promoting advanced governance initiatives, encouraging the commitment of businesses to apply good practices, contributing to building a strong financial market,” said Ms. Tran Anh Dao - Co-Chair of the Organizing Committee.
According to the Organizing Committee, the process of evaluating listed companies with the best corporate governance is based on information widely disclosed by the company through the company's website, the State Securities Commission and the Stock Exchange. In addition, the company must comply with the provisions of the Enterprise Law, the Securities Law and the corporate governance principles according to good practices.
Similarly, to select the best annual reports, the Jury comprehensively evaluated many criteria such as company summary information, development strategy, operating status, etc. presented fully and coherently. In addition, experts also paid attention to the ability to convey information to shareholders and investors through the appropriate use of graphs to illustrate financial data.
PNJ representative said: “This year's two awards continue to affirm PNJ's solid position in the jewelry industry in particular and the financial and securities market in general. Meeting the strict voting criteria is a testament to PNJ's efforts to improve professionalism and efficiency in corporate governance. The awards are also a great motivation for us to constantly improve and aim for sustainable development as the goal set out since our establishment.”
In addition, PNJ's Board of Directors defines a sustainable governance model that will link the interests of the business with those of its stakeholders. Therefore, the company is making great strides in integrating sustainable development strategies with governance trends according to international standards.
For example, PNJ has developed and applied 6 corporate governance principles based on the principles issued by the State Securities Commission and IFC, including an effective Board of Directors; dynamic and professional committees under the Board of Directors; strategy, operations and strict monitoring mechanism; effective risk management and compliance; transparent information disclosure and high responsibility to the community.
In addition, PNJ applies international standards such as the ASEAN Corporate Governance Scorecard (ACGS) and builds a corporate governance framework that meets ASEAN standards, aiming at OECD standards. This will be a set of principles with global reach to help companies improve access to finance, promote investment, innovation and provide a framework to protect investors. Thanks to effective corporate governance, PNJ always attracts great attention from the shareholder and investor community.
By the end of the third quarter, PNJ recorded net revenue of VND 29,242 billion and after-tax profit of VND 1,382 billion, respectively completing about 79% of the revenue target of VND 37,147 billion and 66% of the profit plan of VND 2,089 billion set by PNJ's Board of Directors at the 2024 General Meeting of Shareholders.
In particular, despite facing unpredictable fluctuations in the market and consumer psychology, the company's two important financial indicators are on an impressive growth trajectory. According to PNJ's board of directors, continuing to effectively implement sales and marketing programs to increase new customers and attract old customers will be an important driving force for the company to reach its planned milestone in the last 3 months of the year.
Vinh Phu
Source: https://vietnamnet.vn/pnj-vao-top-10-doanh-nghiep-quan-tri-cong-ty-tot-nhat-2343204.html
Comment (0)