Upgraded rating builds on continued progress over recent years

Durrant Pate/Contributor

VM Investments Limited (VMIL) has joined Sagicor Group Jamaica in getting a top-tier ‘AA’ rating in the Jamaica Stock Exchange (JSE) Corporate Governance Index (CGI), achieving a score of 90.44 for the 2024/2025 assessment period.

The achievement marks another significant step forward in VMIL’s governance journey, reflecting sustained improvement in the company’s governance standards and positioning VMIL among the JSE’s strongest governance performers.

The upgraded rating builds on VMIL’s continued progress over recent years and reflects the Company’s deliberate focus on strengthening accountability, transparency, Board oversight, disclosure standards, and enterprise risk management practices.

Strong governance standards imperative

In today’s capital markets environment, governance performance has become an increasingly important benchmark used by institutional investors, regulators, and market participants when assessing the quality, resilience, and long-term sustainability of publicly listed companies. 

Strong governance standards are often viewed as indicators of organisational discipline, effective oversight, reduced operational risk, and long-term value creation potential.

VMIL’s advancement into the JSE’s top-tier AA category therefore, represents more than a governance milestone; it reinforces the company’s commitment to building a resilient, transparent, and performance-driven organisation capable of supporting sustainable shareholder value over the long term.

VMIL, the investment subsidiary of the VM financial group, recorded strong performance across several governance pillars, including Board responsibilities, disclosure and transparency practices, shareholder rights, financial reporting, annual reporting, and regulatory compliance standards. 

Chief Operating Officer, Allison Mais, hailed the achievement, saying the recognition reflects deliberate work undertaken across the organisation to continuously strengthen governance and operational frameworks.

She added that governance excellence remains closely connected to broader business performance, strategic execution, stakeholder confidence, and the company’s ability to compete effectively within increasingly sophisticated capital markets.

The JSE Corporate Governance Index assesses listed companies against internationally aligned governance principles and best practices, including Board effectiveness, stakeholder engagement, disclosure standards, ethics, compliance, and risk oversight.

VMIL says it remains committed to continuous improvement in governance excellence as it advances its strategic priorities and continues to strengthen its position within Jamaica’s capital markets.