138 Student Living Earns ‘A’ Governance Rating from JSE After Five-Year Turnaround

138 Student Living Jamaica Limited (138SL) has earned an ‘A’ rating (89.31) on the Jamaica Stock Exchange (JSE) Corporate Governance Index (CGI), completing a significant five-year improvement from a C- rating.

The rating places 138SL among the stronger governance performers on the JSE and reflects sustained progress in board oversight, transparency, and stakeholder accountability.

“This is the result of deliberate work to strengthen how we govern, disclose, and make decisions,” said CEO Cranston Ewan. “Strong governance is not just compliance—it is how we build trust and deliver long-term value.”

Chairman Ian Parsard added, “This achievement reflects the Board’s unwavering commitment to high standards of governance and effective oversight. Over the past five years, we have intentionally strengthened our governance framework to align with best practices, and this ‘A’ rating validates those efforts. We will continue to build on this foundation to support sustainable growth and protect shareholder value.”

The JSE’s Corporate Governance Index assesses listed companies across key areas, including shareholder rights, disclosure and transparency, and board responsibilities. 138SL recorded strong scores across all major categories, underscoring its commitment to best practices.

The Company’s CGI score has steadily improved over five years, moving from 61.41 in 2021 to 89.31 in 2025, highlighting a consistent focus on governance excellence.

The ‘A’ rating strengthens 138SL’s positioning with investors and partners, particularly as governance standards become increasingly important in capital allocation decisions.