OREANDA-NEWS. July 06, 2011. COSCO International was awarded the title of "The Best of Asia" in the Recognition Awards 2011 by the Corporate Governance Asia, the Asia's most authoritative quarterly journal on corporate governance, in recognition of its excellence in corporate governance. This was the first time that COSCO International had received such an honor, reported the press-centre of COSCO.

The Recognition Awards of Corporate Governance Asia, in its 7th year, is well received in the industry and its aim is to recognise companies in Asia that demonstrated continued excellence in corporate governance.

The companies were evaluated on criteria included rights of shareholders, disclosure and transparency, board and management discipline, audit and remuneration committee, independent non-executive directors and investor relations practices, corporate governance as a business proposition, corporate social responsibility and environmental practices, etc. This year, COSCO International stood out amid thousands of companies in Asia in the judging process and won the award as one of the "Best of Asia" among 11 Chinese awarding companies.