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BMA Asset Management Company Limited (BMA) endeavors to follow the best corporate governance practices as laid down in the Code of Corporate Governance in order to adopt a high level of transparency, accountability and fairness.
With the implementation of the Code of Corporate Governance, BMA has managed to:
- Be consistent with the rule of law and clearly articulate the division of responsibilities among different supervisory, regulatory and enforcement authorities
- Ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company
- Ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board's accountability to the company and its shareholders
- Ensure the equitable treatment of all shareholders, including minority shareholders. All shareholders now have the opportunity to obtain effective redress for violation of their rights
Adoption of corporate governance has significantly contributed to sustainable economic development and enhancement of BMA's performance by establishing and maintaining a corporate culture that motives its directors and managers to maximize the company's operational efficiency thereby ensuring returns on investment and long term productivity growth. Moreover, it has ensured the conformance of the company to laws, rules and practices, which provide mechanism to monitor its directors and managers behavior through corporate accountability that in turn safeguards the investor's interest.