World Finance Corporate Governance Awards 2011

Good Governance Key to Business Survival

LONDON, March 1, 2011 - The economic crisis revealed some shocking examples of poor governance
among top level companies. Attempts to maximise shareholder value have
ironically caused business collapse, as directors and executives prioritised
the short-term, hid poor performance with easy positives and promoted high
risk, low value work.

The central tenets of corporate governance, the willingness to take the
long-term view and demonstrate a strong emphasis on sound decision-making and
effective risk management, have therefore proven key to business survival.

World Finance magazine acknowledges those companies whose excellent
corporate governance, transparency in their ideals and actions, and strong
internal structures have ensured sustainable, ethical growth through tough
times.

    World Finance Corporate Governance awards 2011

    Best Corporate Governance in Argentina
    Pampa Energia

    Best Corporate Governance in Austria
    Telekom Austria Group

    Best Corporate Governance in Bahrain
    Bahrain Telecommunications Company (Batelco)

    Best Corporate Governance in Brazil
    CESP

    Best Corporate Governance in Canada
    Royal Bank of Canada

    Best Corporate Governance in China
    China Telecom

    Best Corporate Governance in Croatia
    Atlantic Grupa

    Best Corporate Governance in Denmark
    Vestas Wind Systems A/S

    Best Corporate Governance in Egypt
    Telecom Egypt

    Best Corporate Governance in Finland
    Kesko Corporation

    Best Corporate Governance in France
    Groupe Danone

    Best Corporate Governance in Germany
    BASF AG

    Best Corporate Governance in Greece
    Hygeia Group

    Best Corporate Governance in Hong Kong
    Li & Fung

    Best Corporate Governance in India
    Infosys

    Best Corporate Governance in Indonesia
    PT. Bank Rakyat Indonesia (Persero) Tbk.

    Best Corporate Governance in Italy
    Pirelli

    Best Corporate Governance in Kenya
    Kenya Airways

    Best Corporate Governance in Latvia
    Grindeks

    Best Corporate Governance in Lebanon
    Bank Audi sal Audi Saradar Group

    Best Corporate Governance in Malaysia
    Bursa Malaysia

    Best Corporate Governance in Malta
    GO plc

    Best Corporate Governance in Mexico
    Empresas ICA

    Best Corporate Governance in Netherlands
    Randstad

    Best Corporate Governance in Peru
    Ferreyros S.A.A.

    Best Corporate Governance in the Philippines
    GMA Network

    Best Corporate Governance in Poland
    TVN SA

    Best Corporate Governance in Portugal
    INAPA

    Best Corporate Governance in Russia
    Rosneft

    Best Corporate Governance in Singapore
    CapitaLand Limited

    Best Corporate Governance in Slovenia
    Mercator d.d.

    Best Corporate Governance in South Korea
    Samsung Electronics

    Best Corporate Governance in Spain
    Abengoa

    Best Corporate Governance in Sweden
    Volvo Group

    Best Corporate Governance in Switzerland
    Nestlé SA

    Best Corporate Governance in Turkey
    TAV Airport Holdings

    Best Corporate Governance in UAE
    Abu Dhabi Commercial Bank

    Best Corporate Governance in UK
    Costain Group

    Best Corporate Governance in USA
    Cisco Systems

Notes to Editors:

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For further media information contact: World Finance, Michael McCaw, Editorial Department, +44-(0)20-7014-0370, michael at worldfinance.com