Backus is Acknowledged by BVL for its Corporate Governance Best Practises (Translation)
16 July 2012
For the fourth year in a row
Backus is Acknowledged by BVL for its Corporate Governance Best Practises
Lima, July 12, 2012 - For the fourth year in a row, the Lima Stock Exchange (Bolsa de Valores de Lima - BVL) acknowledged Unión de Cervecerías Peruanas Backus y Johnston S.A.A for its contribution to the excellence in quality management of Corporate Governance Best Practises (BGC, Spanish acronym), in Peru.
Dr. Shadu Mendoza, Backus Corporate Governance Manager and Compliance Officer, said: "We believe this recognition is very important, since it reaffirms Backus' transparency and commitment to its stakeholders, in addition to creating value, solidity and efficiency in the company, all of which enables it to be a good choice for local and foreign investors."
The Best Corporate Governance index is a system through which companies are managed and supervised for the compliance of principles such as transparency, trust, equity, social responsibility, fluidity and integrity of information provided to stockholders and other interested groups.
When based on these principles, the company is added value, since it helps reduce capital costs, makes it more competitive, adding efficiency and value to it, and therefore, it makes the company the best candidate to receive financing, leading investors to a perception of greater stability and smaller risk.
Unión de Cervecerías Peruanas Backus y Johnston S.A.A. is the leading beer industry company in Peru, with 5 decentralized production plants located in Lima, Arequipa, Cusco, Motupe, and Pucallpa. The company boasts a portfolio of well-segmented national and international brands, aimed at satisfying consumer needs in the 142,000 points of sale throughout the country. In 2011, Backus recorded sales of 3,005.5 million, paid 2,224 million in taxes, and created direct employment to more than 7,000 people and indirect employment to more than 220,000 people.
Backus' work is focused on sustainable development, focusing on creating value shared with the members of its production chain and the communities where it operates. Thus, all of the company's initiatives and projects are aimed at creating social inclusion, strategic alliances to leverage efforts and achieving a positive economic, social and environmental impact for the society as a whole.
For more information, please contact:
Backus External Communications - 3113000
LLORENTE & CUENCA
222-9491 Ext. 208
This SABMiller subsidiary news release has been translated from its local market language to English language for publication on www.sabmiller.com. We have attempted to provide an accurate translation of the original material but due to the difficulties of translation slight differences may exist.
Note, the news release was first published in its local market on 12/07/2012.