As the Cambodian economy continues to grow, the importance of effective corporate governance can hardly be overstated. Good corporate governance should be an enabler for growth not a tick box exercise: Companies should not limit themselves to conforming to local legal requirements but additionally seek out best practice from around the world. The judging panel found Vattanac Bank to be one organisation that is doing precisely that. The Bank has constantly strived to achieve the highest levels of governance seeing this as a framework by which sustainable growth can be achieved. Vattanac Bank has also been active in helping other enterprises in Cambodia understand the advantages of good governance. The results that Vattanac Bank is achieving stand out as an example not just for Cambodia but for the region as a whole. The panel felt that the investment that Vattanac Bank has made in good governance is indicative of a Bank that is benefitting all of its stakeholders in a fair and equitable fashion.
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