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Corporate governance – overall

top 100 overall – corporate governance ranking of emerging market companies Rank Company Country Sector Score Ownership transparency and rights Financial transparency Board structure and process Stakeholder relations Alignment of managerial interests ‘05 ‘04 1 27 MTN Group South Africa Telecommunications 118.4 23 44 20 16.5 14.9 2 1 DRD GOLD South Africa Metals & […]

September 28, 2005

top 100 overall – corporate governance ranking of emerging market companies
Rank Company Country Sector Score Ownership transparency and rights Financial transparency Board structure and process Stakeholder relations Alignment of managerial interests
‘05 ‘04
1 27 MTN Group South Africa Telecommunications 118.4 23 44 20 16.5 14.9
2 1 DRD GOLD South Africa Metals & mining 117 19 42 26 17.5 12.5
3 7 Corporación GEO Mexico Construction 115.7 20 42 18 15.7 20
4 81 POSCO Korea Iron & steel 111.4 20 40 15 13.5 23
5 2 KT Corporation Korea Telecommunications 108.8 26 43 17 13.5 9.3
6 108 Ayala Land Philippines Property 108.5 19 40 25 10.5 14
7 – Slovenske Electrarne Slovakia Utilities 106.7 14 36 23 20.3 13.4
8 56 Aneka Tambang (Persero) Indonesia Metals & mining 105.8 18 39 19 17.7 12.1
9 36

Petrobras

 Brazil Oil & gas 105.5 14 42 19 18.5 12
10 75 Kookmin Bank Korea Banking & financial 104.7 20 43 15 14.7 12
11 6 China Resources Enterprise China incl HK Conglomerate 104.1 18 34 20 16.5 15.6
12 88 Grupo IMSA Mexico Manufacturing 103.6 24 30 22 11.5 16.1
13 46 Siam Commercial Bank Thailand Banking & financial 103.4 22 38 21 10.4 12
14 20 Tanjong Malaysia Leisure & tourism 102.6 20 42 21 10.6 9
15 25 Kasikornbank Thailand Banking & financial 101.8 21 37 20 11.8 12
16 11 Siam Cement Thailand Construction 101.6 18 42 18 11.5 12.1
17 8 Banco Itau Holding Financeira Brazil Banking & financial 101.6 20 38 20 18.6 5
18 – Homex Mexico Construction 100.6 18 34 22 11.6 15.1
19 142 Gerdau Brazil Iron & steel 100 13 39 22 9.9 16.1
20 41 Banco Santander Chile Banking & financial 99.9 18 38 18 10.9 15
21 21 Samsung Electronics Korea Technology 99.6 25 39 17 6.9 11.7
22 97 PTT Thailand Oil & gas 99.5 16 39 18 14.5 12
23 – HDFC Bank India Banking & financial 99 21 39 24 7 8
24 – Telecom Argentina Argentina Telecommunications 98.5 19 32 16 17.5 14.1
25 9 Standard Bank Group South Africa Banking & financial 96.9 17 40 21 9.9 9
26 187 Bank BPH Poland Banking & financial 96.8 18 35 11 17.8 15
27 12 Firstrand South Africa Banking & financial 96.5 14 36 24 12.5 10
28 – Antam Indonesia Mining 95.9 12 38 17 17.4 11.5
29 29 Maxis Communications Berhad Malaysia Telecommunications 95 17 38 18 10 12
30 136 Hutchison Whampoa China incl HK Conglomerate 94.6 13 35 22 14.5 10.1
31 – Suramericana de Inversiones Colombia Banking & financial 94.6 14 33 16 17.6 14
32 – Gamuda Malaysia Construction 94.5 26 34 12 10.6 12
33 – ATF Bank Kazakhstan Banking & financial 94.5 25 27 14 14.5 14
34 – MDM Bank Russia Banking & financial 93.7 13 30 12 24.1 14.6
35 – Alliance Bank Kazakhstan Banking & financial 92.7 22 29 13 15.1 13.5
36 47 Globetronics Technology Malaysia Telecommunications 92.6 11 37 18 15.8 10.8
37 55 IOI Corporation Malaysia Manufacturing 92.6 12 38 16 13.5 13.1
38 – Caspian Bank Kazakhstan Banking & financial 91.6 19 29 11 14.5 18.1
39 44 Sasol South Africa Petrochemicals 91.6 16 40 17 9.6 9
40 – Pravex Bank Ukraine Banking & financial 91.5 25 26 15 11.8 13.7
41 51 AMMB Holdings Malaysia Banking & financial 90.9 14 40 17 10.9 9
42 – Telesp Celular Participacoes Brazil Telecommunications 90.6 20 34 16 17.5 3.1
43 90 Advanced Info Service Thailand Telecommunications 90.5 13 37 13 15.5 12
44 4 Harmony Gold Mining South Africa Metals & mining 90.1 11 42 20 8 9.1
45 – Itera Russia Oil & gas 89.9 17 27 13 12.5 20.4
46 59 Lafarge Malayan Cement Malaysia Construction 89.9 13 34 29 8 5.9
47 10 CLP Holdings China incl HK Utilities 88.7 15 39 16 8.4 10.3
48 60 Amway Holdings Malaysia Retail 88.6 20 38 12 9.6 9
49 147 Asian Property Development Thailand Property 88.2 21 32 12 5 18.2
50 – Itausa – Investimentos Itau Brazil Banking & financial 88.2 20 29 16 15.6 7.6
51 48 Megaworld Corporation Philippines Property 87.8 12 32 18 11 14.8
52 181 ICICI Bank India Banking & financial 87.8 17 42 21 7.8 0
53 – UralSib Bank Russia Banking & financial 87.6 9 28 15 20.3 15.3
54 – Shin Corporation Thailand Media 87.3 12 31 20 10.4 13.9
55 – Hang Seng Bank China incl HK Banking & financial 86.5 15 35 14 13.5 9
56 43 United Overseas Bank Singapore Banking & financial 86.1 16 34 18 10.4 7.8
57 – Gedeon Richter Hungary Pharmaceuticals 85.9 18 33 10 19.9 5
58 96 Kazakhtelecom Kazakhstan Telecommunications 85.9 21 26 11 14.3 13.6
59 86 Philippine Long Distance Telephone Philippines Telecommunications 85 20 32 16 11 6
60 95 Aeroflot Russia Airlines & aviation 84.8 21 24 7 18.5 14.3
61 – Sunway Holdings Malaysia Conglomerate 84.7 14 29 13 9.6 19.1
62 – Astro All Asia Networks Malaysia Media 84.4 19 31 18 8 8.4
63 – UEM World Malaysia Construction 84.1 13 30 19 9.9 12.1
64 – Cheung Kong Holdings China incl HK Property 82.6 15 31 13 13.5 10.2
65 165 RG Brands Kazakhstan Food, drink & tobacco 82.2 14 25 12 15.9 15.2
66 190 China Airlines Taiwan Airlines & aviation 81.5 12 21 12 14.3 22.3
67 220 CEZ Czech Republic Utilities 81.2 17 25 15 13.1 11
68 – Lukoil Russia Oil & gas 80.5 15 24 15 10 16.5
69 107 Cesky Telecom Czech Republic Telecommunications 80.4 13 33 13 13.4 8
70 93 Hyundai Motor Korea Automotive 80.2 22 32 16 6.5 3.7
71 – Ceska Pojistovna Czech Republic Insurance 80 15 28 14 16 7
72 – Singapore Technologies Engineering Singapore Technology 79.5 13 29 14 12.5 11
73 – Bancpost Romania Banking & financial 78.1 21 24 11 11.1 11
74 221 Central Puerto Argentina Utilities 78 16 33 17 3 9
75 144 Bank Zachodni WBK Poland Banking & financial 77.8 12 33 10 14.5 8.3
76 171 United Microelectronics Corporation China incl HK Manufacturing 76.9 17 22 17 8.1 12.8
77 216 Empresa nacional de Electricidad Chile Utilities 76.7 11 28 12 16.7 9
78 – Bavaria Colombia Food, drink & tobacco 76.6 17 26 14 10.5 9.1
79 191 Akbank Turkey Banking & financial 76.4 15 21 12 11.5 16.9
80 143 Besalco Chile Construction 76.3 16 27 16 10.5 6.8
81 82 Komercni banka Czech Republic Banking & financial 76 10 31 17 7 11
82 146 Fubon Financial Holdings Taiwan Banking & financial 76 11 20 18 12.3 14.7
83 – Singapore Airlines Singapore Airlines & aviation 74.9 14 35 14 6.9 5
84 126 Eesti Telekom Estonia Telecommunications 74.8 9 32 15 14.9 3.9
85 173 Braskem Brazil Petrochemicals 74.2 14 30 11 7.1 12
86 – Credicorp Peru Banking & financial 73 15 26 10 13 9
87 – Grupo Financiero Galicia Argentina Banking & financial 71 10 23 9 15.8 13.2
88 175 Kim Hin Industry Malaysia Consumer goods 71 13 30 15 8 5
89 – Banpu Thailand Mining 70.7 11 23 12 10.4 14.3
90 – Thai Oil Thailand Oil & gas 70.4 15 20 16 10.4 9
91 199 Lietuvos Telekomas Lithuania Telecommunications 70.4 14 28 12 11.5 4.9
92 168 Tele Norte Leste Participacoes Brazil Telecommunications 69.5 12 24 14 7.5 12
93 186 Grindeks Latvia Pharmaceuticals 69.1 20 13 9 17.9 9.2
94 166 Defense Energy Support Center Mexico Conglomerate 68.8 11 27 10 11.5 9.3
95 193 EFES Beverage Group Turkey Food, drink & tobacco 68.2 15 19 10 11.5 12.8
96 – BALTIKA Estonia Food, drink & tobacco 65.8 15 15 9 23.5 3.3
97 – Merko Ehitus Estonia Oil & gas 65.5 11 18 11 9.5 16
98 198 Chinatrust Financial Holding Taiwan Banking & financial 64.4 16 18 16 9.9 4.5
99 – MOL Hungary Oil & gas 63.1 7 22 13 9.9 11.1
100 – Sabanci Holding Turkey Oil & gas 62 15 25 5 11.5 5.6
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