Emerging Europe, Middle East & Africa Executive Team
A total of 33 firms earned the distinction of Most Honored Company in Institutional Investor’s Emerging EMEA Executive Team.
Leaders included Turkey’s MLP Saglik Hizmetleri, the top-scoring company in the health care and pharmaceutical sector; Turkish industrial company Haci Omer Sabanci Holding; and Greece’s Mytilineos Holdings, which came first in the metals and mining industry.
Other top-ranking firms included Petkim Petrokimya Holding (No. 1 in chemicals), ADNOC Drilling Co. (No. 1 in oil and gas), and Lamda Development (No. 1 in real estate). Al Rajhi Bank, Hellenic Telecommunications Organization, Coca-Cola Icecek, Aegean Airlines, and Public Power Corp. also placed first in their respective sectors.
To determine the members of Institutional Investor’s 2023 Emerging EMEA Executive Team, we surveyed buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region, including those who cast and received votes in this year’s Emerging EMEA Research Team survey. Survey results reflect the opinions from 323 investment professionals at 194 financial services firms.
We asked the participants to rate the chief executive officers, chief financial officers and investor relations professionals at the companies in their coverage universes. CEOs were rated on their credibility, leadership and communication. CFOs were rated on their ability in capital allocation, financial stewardship and communication. For the Investor Relations programs, companies were rated on the following attributes: productivity of NDR/road shows/conferences; earnings calls; business and market knowledge; responsiveness; authority and credibility; quality/relevance of financial disclosure; consistency of financial disclosure; and granularity of financial disclosure. Additionally, voters also rated each company on the quality of analyst/investor events, company board and ESG metrics.
All votes are weighted by rating (five being excellent; one being average) and attributes within each category were aggregated to create the CEO, CFO, IR Professional, IR Program, ESG, Company Board, and Analyst/Investor Event rankings. The overall rankings in each of the categories are based on combined buy- and sell-side votes. Separate rosters (buy side, sell side) are also available for each award classification.
The same approach as above was used to create the 2023 Emerging EMEA Large Cap and Emerging EMEA Small & Midcap Executive Team rankings. Companies with greater than $5 billion in market capitalization are considered Large Cap; companies with less than $5 billion in market capitalization are considered Small & Midcap.
Honored Companies are companies who achieved at least one published position. To earn the designation of Most Honored Company, a company must achieve a weighted score of nine or more points across the seven categories in the combined, buy-side and sell-side rankings, wherein each first-place position is worth three points; second place, two; and third place, one. When a tie exists in the weighted score, companies are ordered according to the number of ranked positions they received.
To be eligible for inclusion on the 2023 Emerging EMEA Executive Team, a company must be headquartered or have operational or executive headquarters in the region. We keep confidential the identities of the survey respondents to ensure their continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group.