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ICD fetes SM with highest Golden Arrow recognition for excellence in corporate governance

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PASAY CITY, Philippines, Sept. 27, 2024 /PRNewswire/ — SM Investments Corporation was awarded the prestigious 5 Golden Arrow Award by the Institute of Corporate Directors (ICD), the highest recognition given during the ASEAN Corporate Governance Scorecard (ACGS) 2024 Golden Arrow Awards.

Only five companies received the 5 Golden Arrow Award, four of which were SM companies. Aside from SM Investments, also cited were BDO Unibank, Inc. (BDO), China Banking Corporation (China Bank), and SM Prime Holdings, Inc. (SM Prime).

“This recognition reflects the commitment and hard work of our entire organization,” said SM Investments Chairman Amando M. Tetangco, Jr. “From the board, management, our leaders and teammates—everyone consistently works to ensure we continue to adopt and uphold the highest standards in good corporate governance.”

SM Investments practices the highest standards of good corporate governance in all its dealings with investors, business partners, creditors, customers, employees and all other stakeholders. SM Investments believes that good corporate governance will provide the long-term growth and sustainability for the company.    

“We recognize the rising global attention on corporate governance and sustainability as part of companies’ business strategies. Beyond compliance, SM’s operations are anchored on fairness, integrity, accountability, transparency and stakeholder engagement,” SM Investments Executive Vice President and Chief Risk and Compliance Officer Elizabeth Anne “Lizanne” C. Uychaco said.

According to the ICD, the ACGS measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through timely disclosure of material information, and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders. The assessment is based on publicly available disclosures on the companies’ websites.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com 

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Vantage Foundation Connects V&A Solution with Metta Home for a Day of Fun and Learning

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BANGKOK, Sept. 27, 2024 /PRNewswire/ — Following their recent partnership, the Vantage Foundation has connected V&A Solution AEC Co Ltd (or “V&A Solution”) with Metta Home to host an interactive, engaging, and educational event for the children.

A representative from V&A Solution began the day with a simple talk on how to manage money wisely, offering the children helpful advice on saving and spending responsibly. After the session, the children enjoyed a lunch from McDonald’s, which added to the lively and positive atmosphere of the day.

The event concluded with a range of fun-filled games, including Thai childhood favourites such as Captain’s Ball, a memory game, and a balancing water balloon race. The children enthusiastically participated, filling the afternoon with laughter, teamwork, and excitement. The games not only entertained the children but also encouraged cooperation and strengthened their bonds with each other.

Steven Xie, Executive Director of Vantage Foundation, said, “At Vantage Foundation, we focus on connecting local companies with local charities so they can give back directly to their communities. Facilitating partnerships like the one between V&A Solution and Metta Home allows us to bring positive, lasting experiences to these children and create deeper connections within the community.”

Pomme Natchaphan, Thailand Country Manager for V&A Solution said, “We were thrilled to spend the day with the children at Metta Home. Teaching them about good money habits was just one part of the day, but seeing their excitement during the games and lunch was truly the highlight. It was a pleasure to give back, and we are thankful to Vantage Foundation for connecting us with Metta Home.”

Pakorn Romruen, Head of Home for the Observed Juveniles, Metta Home said, “Today’s activities provided an important balance of education and recreation, contributing to the children’s overall development. Events like this not only help foster essential life skills such as teamwork and social interaction but also bring much-needed positivity to their daily lives. We are thankful to V&A Solution and Vantage Foundation for their support in creating a meaningful and enriching experience for the children in our care.”

By connecting local companies like V&A Solution with Metta Home, the Vantage Foundation continues its mission of raising awareness of invisible challenges, such as depression, anxiety, and loneliness, that often contribute to social immobility and struggle. Through partnerships and meaningful events, the Foundation aims to provide young people with the support and experiences they need to thrive.

For more information on how to support Metta Home, please visit the Department of Juvenile Observation and Protection’s official website.

About Vantage Foundation

Vantage Foundation is an independent charitable organisation launched at the McLaren Technology Centre in the UK in 2023. The foundation has worked with charity organisations around the world, including The iREDE Foundation in Nigeria, Teach For Malaysia in Malaysia, and Instituto Claret in Brazil.

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Medius named Customer Favorite by Spend Matters

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JACKSONVILLE, Fla., Sept. 27, 2024 /PRNewswire/ — Medius, a leading provider of AP Automation and wider Spend Management solutions, today announced that it has earned three prestigious SolutionMap Customer Favorite badges from Spend Matters:

Customer Favorite – Supplier Management
Customer Favorite – Contract Lifecycle Management
Customer Favorite – eProcurement

Medius is among 93 vendors in the Fall 2024 SolutionMap and TechMatchSM procurement technology rankings. Each of the vendors in the SolutionMap process undergo rigorous functionality and capability assessment with 500+ RFI requirements across 15 procurement technology solutions with mandatory demos and impartial, anonymized customer ratings.

Vendors with the highest number of top scores from their customers’ surveys earn the Customer Favorite badges.

“We’ve designed SolutionMap to aid the practitioner so they may better understand and analyze the customer experiences, market developments and technological innovation of the myriad solution providers by process competency,” said Jason Busch, Founder and CEO of Spend Matters.

“We are excited to see Medius solutions awarded as customer favorites in so many areas of Medius’ spend management suite. We continue to deliver incremental innovations that help them save time, reduce risk, improve operations, and add more value to their procure-to-pay processes and customer clearly love our work in the independent feedback they provide through the SolutionMap process,” said Daniel Ball, Chief Product Officer at Medius.

For more information, please contact:
Dan Bird, Fight or Flight for Medius
[email protected] +44 7885 670798 / [email protected] +44 330 133 0985

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J.S. Held: Strategic Advisors to 65% of the Fortune 100

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JERICHO, N.Y., Sept. 27, 2024 /PRNewswire/ — Global consulting firm J.S. Held is proudly celebrating 50 transformative years as strategic advisors to a broad spectrum of clients, including 65% of the Fortune 100 company executives, boards of directors, and their financial investors.

Strategic Advisory at J.S. Held is multi-faceted and enriched by a legacy of risk management that results in solutions that are as comprehensive as they are actionable. J.S. Held Strategic Advisory clients benefit from a curated collection of technical, scientific, and financial experts, entrepreneurs with an unrivaled understanding of both tangible and intangible assets, ensuring that the advice clients receive is not just theoretical but grounded in real-world experience and innovation. Whether focused on addressing a unique circumstance or enhancing a company’s business operations, every Strategic Advisory assignment begins with understanding the clients’ overall concerns and objectives.

Generally, our mandate is established by:

  • Senior management teams of operating companies
  • Public and private investors
  • Corporate Boards of Directors
  • Investment bankers
  • Counsel
  • Business consultants

Michael Jacoby, CTP, of Phoenix Management, a part of J.S. Held, who has advised more than 400 clients in a variety of industries, including roles as an independent director and interim manager for 30 companies, notes, “The diverse collection of experts at J.S. Held ensures that the strategic guidance we provide to businesses of all sizes is practical, grounded in real-world experience and designed to provide meaningful and lasting impact.”

James E. (Jim) Malackowski, CPA, CLP, of Ocean Tomo, a part of J.S. Held, observes, “In today’s knowledge-driven economy, where 90% of company value is comprised of intangible assets, intellectual property (IP) is often the most valuable asset a company holds. At J.S. Held, we recognize that IP is not just a legal concern – it’s a critical element in strategic business decisions and financial valuation.” Jim continues, “Our experts are uniquely positioned to advise on the complexities of IP valuation, helping clients realize the value of their innovations in the marketplace.” This multidimensional insight allows J.S. Held to provide clients with the tools to protect, leverage, and capitalize on their intellectual assets. 

Greg Esslinger, a former practicing lawyer and former Special Agent for the FBI in the International Counterterrorism Division, with decades of experience advising companies and their counsel on international compliance, cross-border investigations, and risk management, highlights the unique and complex dynamics existing in frontier, emerging, and developed markets as organizations consider new market entry investments. “J.S. Held has deep expertise and experience across geographical regions and industries, strengthening our ability to provide strategic advisory to clients entering fast-growing and complex markets,” Greg shares. “Our extensive public and private sector networks allow us to deliver proprietary analysis, gain access and influence, and achieve impact for clients seeking to maximize opportunities and mitigate risk.”

John Peiserich, Esq., environmental risk and compliance strategy expert, shares the triple bottom line focus – people, profit, and planet – of J.S. Held corporate sustainability and environmental, social, and governance (ESG) consulting advisory, “Throughout the sustainability / ESG journey, we help business stakeholders shape their goals and strategies, select and implement technologies, enhance operations, mitigate risks, strengthen governance, and become more reputable and sustainable to drive long-term business value.” John continues, “We combine the diverse technical, financial, technological, scientific, regulatory, investigative, and strategic advisory expertise across our global team.”

The depth and breadth of our work in the insurance market provides a strong foundation in risk assessment, data analysis, global awareness, regulatory compliance, technological adaptability, and risk mitigation. Collectively, these skills better equip our experts to assess business risk across diverse geographies, geopolitical landscapes, compliance frameworks, and digital advancements. “In a world where uncertainty is the only constant, there is a need for something solid you can hold onto,” observes J.S. Held President and Chief Executive Officer Jonathon Held. “Our name is our promise,” he adds. “Our role as strategic advisor is emblematic of this promise, even in the face of the most daunting risks, clients have the expertise and guidance to act with confidence.” 

J.S. Held’s expertise in strategic advisory is built upon five decades of experience in the most rigorous venues – state, federal, and international courts – and spans more than 150 different industry segments. Because our past success provides the best indication of our capabilities, J.S. Held is proud to feature a few representative engagements.

Operational Advisory

J.S. Held continues to be a strategic partner to a $350 million dollar revenue outdoor products manufacturer that experienced operational and financial challenges. Initially providing due diligence, over the course of more than 7 years, our experts have offered insight and strategic guidance, which has been leveraged by the company to continue its growth trajectory. We have recommended and implemented operational improvements and have helped to advance the Company’s e-Commerce initiatives. We have also provided critical due diligence and transactional support in evaluating, closing, and implementing bolt-on acquisitions. As a trusted operational advisor, we have often served as an extension of the company’s management, operating, and financial teams during years of expansion. Our experts helped fill crucial roles in driving the strategic planning process, spearheading operational improvements, serving as plant controllers on multiple occasions, and driving critical improvement projects.

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Financial Advisor in M&A

Ocean Tomo, a part of J.S. Held, was retained by a special purpose acquisition company (AltC Acquisition Corp.), co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., a nuclear fuel recycling company and advanced manufacturer of small modular nuclear reactors. As a financial advisor on this transaction, experts conducted a strategic assessment of Oklo’s go-to-market plans and an analysis of the company’s technology and intellectual property. The multi-disciplinary team’s deep industry and regulatory knowledge was instrumental in performing a comprehensive analysis of the target company’s strategy and providing a robust Fairness Opinion to the Board of Directors of AltC Acquisition Corp.

New Market Entry

J.S. Held was retained by one of the largest global mining companies to help them understand key sector dynamics ahead of the prospective acquisition and related investment in a Central African country. As a trusted advisor, our team provided an in-depth report on Central African countries’ key mining sector dynamics, including enhanced due diligence investigation through in-country visits. Our experts conducted both primary and secondary research on political developments, legal systems, finance and taxation laws, social issues, and operational risks to help understand the characteristics of the sector and identify the challenges and opportunities. Our report was essential in helping the client to better understand the operating environment in and around the mining sector in the Central African countries and helped guide their strategy for market entry.

Carbon Management & ESG Strategy

With its deep expertise in carbon markets and trading, J.S. Held was uniquely positioned to assist a large, integrated oil and gas company facing a complex challenge: optimizing its carbon market exposure and minimizing the costs associated with complying with various carbon regulations. With the increasing prevalence and stringency of carbon pricing mechanisms worldwide, the client recognized the need for a comprehensive strategy to manage their carbon obligations effectively. With expert guidance from J.S. Held and the implementation of the carbon optimization trading book, the client realized significant value, including cost savings, revenue generation, risk mitigation, operational efficiencies, and regulatory compliance.

Learn more about the dedicated and entrepreneurial experts like Michael, Jim, Greg, and John, who help transform J.S. Held, explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

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J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Contact

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | [email protected]

JSHeld.com

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