In the context of enhancing corporate governance quality towards market upgrade, the 2024 awards saw a notable shift in the evaluation criteria for the Corporate Governance Award, with an increased focus on best practice questions to encourage enterprises to adopt the latest good practices of the Organization for Economic Cooperation and Development (OECD).
Specifically, in 2024, the VLCA organizers increased the weight of best practice points from 30% in previous years to 40% and reduced compliance points from 70% to 60% to encourage enterprises to closely follow international corporate governance practices and raise governance standards beyond mere compliance.
This reflects one of the fundamental objectives of the 2024 Listed Enterprise Awards, which is to encourage Vietnamese listed companies to shift from merely complying with mandatory legal regulations to adopting advanced governance practices that integrate environmental and social factors, which are the norms in developed markets.
As a result, the enterprises recognized for excellent corporate governance this year have not only outperformed themselves compared to the previous year but have also excelled compared to the overall market.
According to the VLCA organizers, 107 enterprises with the best corporate governance practices were selected for the final round. Among them, 37 enterprises belonged to the Large Cap group. SHS is one of the few securities companies honored in the Top 10 Best Corporate Governance in the Large Cap group, alongside well-established enterprises in the financial and securities markets such as FPT Joint Stock Company (FPT), Vietnam Dairy Products Joint Stock Company (VNM), and Mobile World Investment Joint Stock Company (MWG), among others.
Over the past 17 years, the awards have become a reputable event in the Vietnamese business community and stock market. The judging panel 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 audit firms PwC, Deloitte, KPMG, and EY.
Previously, on November 8, 2024, SHS was also honored by the Hanoi Stock Exchange (HNX) as one of the Top 10 listed companies on HNX with the best corporate governance in 2023-2024. In the 2019-2023 period, SHS’s reports consistently ranked in the Top 10 Best Annual Reports in the awards.
Meeting the stringent selection criteria is a testament to SHS’s efforts to enhance professionalism and effectiveness in corporate governance. Thanks to efficient enterprise management, SHS has transformed from a medium-sized enterprise to a large-scale listed company with 813,156,748 shares outstanding, equivalent to VND 8,131.6 billion in charter capital.
In the first nine months of 2024, despite facing unpredictable fluctuations in the stock market, SHS recorded a total operating income of VND 1,440 billion, and a pre-tax profit of nearly VND 953 billion, double that of the same period in 2023, completing 78% of the revenue plan and 92% of the profit target for the year.
With these positive results, SHS will be on the list of securities companies reporting profits of VND 1,000 billion in 2024, fulfilling the commitments made to the AGM and ensuring shareholder interests.
SHS achieved these results by implementing a customer-centric business strategy, aiming to increase customer asset value over time through quality consulting and meeting diverse investment needs. To better serve its customers, SHS continuously strives to improve service quality, develop its investment consulting team, change the customer journey map, and pioneer innovative experiences for customers using SHS’s services.
SHS plans to further increase its charter capital to VND 17,000 billion, and the process is being carried out in accordance with the prescribed procedures of the managing authority. After the capital increase, SHS will enhance its financial resources, perfect its product ecosystem, and invest in technology, thereby increasing its ability to serve the diverse needs of its customers.
SHS – Building Prosperous Finance
On November 15, 2024, on the occasion of its 17th anniversary, SHS Securities officially announced its new brand identity and positioning with the mission of “Building Prosperous Finance.”
The new logo features two interlocking S letters, symbolizing the strong connection between SHS and its customers, continuously striving towards new achievements. These two S letters also represent the values that SHS aspires to: “Success” built on a foundation of “Sustainability.” The change in positioning and brand identity marks a strategic step forward for SHS, with a long-term commitment to accompany customers on a journey towards building prosperous and sustainable finance.
Moving forward, SHS will continue to enhance its corporate governance, maintain the highest standards of information disclosure, and apply international standards of transparent and sustainable corporate governance, with a vision to become a leading Financial Investment Group.
EVNGENCO3: Top 20 Annual Reports for Non-Financial Sector in 2024
On November 16, 2024, at the Listed Companies Forum and Awards Ceremony for the 2024 Enterprise Listing Contest, Power Generation Corporation No. 3 JSC (Stock Code: PGV) was honored to receive the Top 20 Best Annual Report award in the non-financial sector category.
HDBank Wins Triple Accolade at the Listed Companies Awards 2024
On November 16, 2024, HDBank excelled by clinching three prestigious awards at the Listed Companies Awards (VLCA) 2024. The bank has been a trailblazer in the financial industry, committed to transparency and professional governance.
“LPBank Reaps Robust Profits: Surpassing 9.952 Billion VND in Pre-Tax Earnings Over a 10-Month Period”
As of the first ten months of the year, LPBank (HOSE: LPB) reported a remarkable pre-tax profit figure at its 2024 Extraordinary General Meeting of Shareholders.
“HDBank Wins Big at the ‘Listed Companies 2024’ Awards”
HDBank excels with a remarkable trio of accolades at the 2024 Vietnam Listed Companies Awards (VLCA), leading the way in the financial industry with a commitment to transparency and governance excellence.
The Chairman of TTC AgriS: Working in the Interests of 91% of Shareholders and Investors
In her capacity as Chairman of the Board of Directors of TTC Agri-Biotech Joint Stock Company (TTC AgriS) (HOSE: SBT), Ms. Dang Huynh Uc My has asserted the company’s commitment to ensuring fairness and transparency for its shareholders, investors, and stakeholders. As TTC AgriS attracts the participation of international investors and prominent financial institutions, Ms. My has emphasized the importance of equitable treatment and transparent disclosure for all involved parties.
