MANILA, PHILIPPINES — SM companies were one of the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors (ICD), which recognized nine companies of the SM Group for excellence in performance in Corporate Governance.
Based on the recent ASEAN Corporate Governance Scorecard (ACGS) assessment results, China Banking Corporation (China Bank) received the 5-arrow recognition, the highest award during the ceremony while SM Investments Corporation (SM Investments), SM Prime Holdings, BDO Unibank (BDO), and Belle Corporation garnered the 4-arrow recognition. Gaining the 3-arrow recognition are 2GO Group and APC Group. Other awardees are Premium Leisure Corp. and Atlas Consolidated Mining and Development Corporation.
“We are grateful for this recognition that reflects our strong corporate governance culture across our ecosystem of businesses,” said SM Investments Corporation President and Chief Executive Officer Frederic DyBuncio.
The Golden Arrow is awarded to a Philippine publicly listed company that achieved a score of at least 80 points in their respective ACGS assessment.