orporate Governance Asia, an authoritative regional publication, has honored Melco Crown Entertainment with the Outstanding Company on Corporate Governance award. This accolade recognizes the company’s efforts in adhering to highest standards of corporate governance.
Melco Crown Entertainment’s subsidiary, MCP was recognized as one of the Best Managed Companies in the Philippines in FinanceAsia’s 13th annual poll of Asia’s top companies this year. MCP also received recognition in the categories of Best Corporate Governance and Best Corporate Social Responsibility in the region. Awardees were selected by investors and analysts across the region.
Lawrence Ho, Co-Chairman and CEO of Melco Crown Entertainment, said: “We are delighted to garner these prestigious and authoritative awards this year and to be recognized by investors and analysts as being among the most outstanding companies in the region. We have always strived to maintain the highest corporate governance standards, which we believe is a cornerstone of our long term success. We are committed to promoting and maintaining strong corporate governance through careful compliance with governing laws and regulations. We are particularly pleased to learn that MCP has been recognized in this manner at this stage of its expansion in the Philippines. Moving forward, we will continue to adopt measures to maintain the highest standards of corporate governance by bolstering governance and transparency, which will enhance the long-term trust and confidence of our major stakeholders.”