Jakarta, February 8, 2019 – PT HM Sampoerna Tbk. (Sampoerna) was awarded ASEAN Corporate Governance Awards 2018 on 2 Most Improved Public Listed Companies category by ASEAN Capital Markets Forum (ACMF) in Kuala Lumpur on November 21, 2018. It strengthens Sampoerna’s standing in the international scene as one of the best public listed companies in South East Asia. This achievement also enhances Sampoerna’s reputation in ASEAN economic community.
The awards that was given by ACMF, a forum consisting of ASEAN capital market regulators including Financial Service Authority (FSA), aims to improve the profiles of South East Asian’s public listed companies in the global investment community.
This recognition is based on the assessment carried out by ASEAN Corporate Government Scorecard (ACGS), which includes five components, namely rights of shareholders, equitable treatment of shareholders, role of stakeholders, disclosure and transparency, and responsibilities of the board.
Credible and independent parties were also involved to perform direct verification to the selected companies. At least 600 companies in Indonesia, Malaysia, Thailand, Singapore, Philippines, and Vietnam were in the pool for assessment by this independent forum.
“Sampoerna is strongly committed to implementing good governance principles as an essential element to sustainable business performance. We believe that active implementation at all organizational levels greatly contributes to the effort of maintaining trust and recognition from the shareholders, other stakeholders and public. It is expected that this achievement will be able to increase the company’s value, making Sampoerna a benchmark for industry players and the government,” said Andy Revianto, Corporate Secretary, PT HM Sampoerna Tbk.
Andy added that Sampoerna’s commitment also contributes to FSA’s mission in realizing the execution of all activities in financial service sector in a regular, fair, transparent, and accountable manner.
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About PT HM Sampoerna Tbk. (Sampoerna)
Established in 1913, Sampoerna – an affiliation of PT Philip Morris Indonesia and part of Philip Morris International Inc. – is one of the leading tobacco companies in Indonesia, which focuses on production and sales of kretek cigarette. The Company produces several well-known kretek cigarettes such as Sampoerna A, legendary King of Kretek Dji Sam Soe, Sampoerna U, and Sampoerna Kretek. The Company also distributes Marlboro cigarette across Indonesia through a long-term distribution agreement with PT Philip Morris Indonesia. Sampoerna is operating seven factories in Java island and cooperating with 38 Cigarette Production Partners, with a total manpower of 67,400 employees, both direct and indirect, most of which work in Hand-Rolled Cigarette production line. Sampoerna distributes its products through 106 regional sales and distribution offices across Indonesia.
Sampoerna is the issuer with one of the largest market capitalization in Indonesia Stock Exchange. Sampoerna’s shares are traded under the “HMSP” stock code.