The scores are in and the best performing CEOs in the ASX200 in the first half of 2021 have been determined by 88 of Australia’s leading super funds, investment managers and broking houses. A cynic would expect the league table to be dominated by market darling tech company bosses, but the professional investment community has applied the same rigour and analysis to scoring companies on MarketMeter’s investor sentiment platform as they do in their stock selection and portfolio construction. The tech types are certainly in the mix, but so too are the CEOs of health care, energy, finance, real estate and infrastructure companies.
ASX 100 – TOP 10 CEOs
|3||FPH||FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED|
|5||MQG||MACQUARIE GROUP LIMITED|
|10||ALL||ARISTOCRAT LEISURE LIMITED|
The picture is slightly different at the smaller end of the ASX 200, with the composition of the CEO league table for companies in the ASX101-200 representing agribusiness, media, communications, fintech, pharma and retail.
ASX 101-200 – TOP 10 CEOs
|2||DHG||DOMAIN HOLDINGS AUSTRALIA LIMITED|
|6||EML||EML PAYMENTS LIMITED|
|8||CKF||COLLINS FOODS LIMITED|
|10||NWL||NETWEALTH GROUP LIMITED|
Now the companies led by these top CEOs don’t necessarily correlate with the companies that delivered the best total shareholder return for the first half of 2021, so just how were these scores and rankings determined? MarketMeter’s interactive market insights platform captures quantitative and qualitative data from domestic and offshore institutional investors via its stock scoring site. Portfolio managers and investment analysts score companies out of 10 across Management, Strategy, Financial, ESG and Shareholder Engagement categories and have the option to provide qualitative feedback to the companies they are rating.
When it comes to scoring a company on the effectiveness of its CEO, investors are asked to consider key areas of a CEO’s performance; primarily earnings quality, growth prospects, clarity and strength of strategy, and shareholder value focus. Succession planning and credibility are also key issues when evaluating a CEO. Consideration is also given to appropriateness of the structure of the CEO’s remuneration package and performance hurdles, and whether it’s aligned with long term growth objectives.
Approximately 75,000 data points were captured on MarketMeter’s platform in the first half of 2021. The quality and depth of the data pool is underpinned by MarketMeter’s partnerships with Australia’s leading super funds whose investment managers provide stock scores as part of their responsible investment reporting processes. Corporate subscribers also contribute to the data sample with their key shareholders providing performance feedback to board and management teams. For the investors doing the scoring, MarketMeter’s interactive analytics platform is a barometer for relative peer group sentiment – a stock screening tool not available elsewhere.
In addition to being used by Australia’s super fund industry, MarketMeter’s data is used by the Australasian Investor Relations Association (AIRA) to determine its annual Investor Relations Best Practice Awards. The league tables for the investor relations industry are published on the AIRA website.
MarketMeter is the interactive market insights platform that measures and benchmarks investor perceptions of Australian and New Zealand listed companies. It is a powerful performance and risk management tool for boards, management and investor relations teams. Corporate subscribers have the power to interrogate this data for meaningful and actionable insights. https://www.marketmeter.com.au/contact-us.html
MarketMeter’s purpose is to provide listed companies with aggregated, anonymised investment market views in order to highlight areas of risk and promote corporate best practice. MarketMeter shares anonymised data with the Australasian Investor Relations Association (AIRA) to determine its annual IR Best Practice Awards, as well as with APRA-regulated super funds for their internal valuation frameworks and The Behavioural Insights Team to explore ESG themes.
Institutional investors and brokers can contribute their stock scores post-reporting season every year: https://stockscores.marketmeter.com.au/signup
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