The scores are in and the best performing Boards in the ASX200 in the second half of 2021 have been determined by 108 of Australia’s leading super funds, investment managers and broking houses. 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. Health care companies have a healthy representation, while a mix of utilities, infrastructure, materials, media and technology companies make up the balance.
ASX 100 – TOP 10 Boards
|4||FPH||FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED|
|6||REA||REA GROUP LIMITED|
|9||BHP||BHP GROUP LIMITED|
The picture is slightly different at the smaller end of the ASX 200, with the composition of the Board league table for companies in the ASX101-200 monopolised by finance companies. Other sectors represented were consumers, communications, materials and real estate.
ASX 101-200 – TOP 10 Boards
|2||DHG||DOMAIN HOLDINGS AUSTRALIA LIMITED|
|4||SPK||SPARK NEW ZEALAND LIMITED|
|5||JHG||JANUS HENDERSON GROUP PLC|
|6||PTM||PLATINUM ASSET MANAGEMENT LIMITED|
|7||CIA||CHAMPION IRON LIMITED|
|9||FLT||FLIGHT CENTRE TRAVEL GROUP LIMITED|
|10||PDL||PENDAL GROUP LIMITED|
Now the companies led by these top Boards don’t necessarily correlate with the companies that delivered the best total shareholder return for the second 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 Board, investors are asked to evaluate the performance of the Board in selecting and monitoring an effective CEO, succession planning and the oversight of strategic direction, social responsibility and corporate ethics. The provision of a solid corporate governance framework and a disclosure environment that promotes transparency for stakeholders are key considerations.
Over 83,000 data points were captured on MarketMeter’s platform in the second 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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