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Manila Bulletin devider Business devider EEI Corp. bestowed with Golden Arrow Award for good corporate governance

EEI Corp. bestowed with Golden Arrow Award for good corporate governance

Published Oct 16, 2024 05:39 am

EEI Golden Arrow Awards.jpg

EEI Corporation, one of the country’s leading and renowned construction companies, was recently recognized with a Golden Arrow Award for its good corporate governance and international best practices from the Institute of Corporate Directors (ICD) Philippines. ICD is recognized as a national and international resource for corporate governance content.

As a top-performing publicly listed company, EEI received an ASEAN Corporate Governance Scorecard (ACGS) of 80-89 points which qualified the company for a one-arrow recognition. The ACGS measures the performance of companies in terms of facilitating the rights and equitable treatment of shareholders, how they relate to different stakeholders, ensuring transparency and accountability through timely disclosure of material information. It also assessed how the board monitors the management and guides the company strategically. The award aims to raise the corporate governance standards and practices of the country making well-governed Philippine publicly listed companies attractive to investors.

EEI sees this award as an affirmation of their commitment to best practices in corporate governance.

“The Golden Arrow Award is emblematic of EEI’s dedication to not just comply but to apply the best practices in corporate governance. We acknowledge our accountability to our stakeholders and we will continue to uphold transparency in our investments and movements. This award is relevant and meaningful because it builds and strengthens the trust and confidence that our diverse group of stakeholders have for EEI,” said Jesus T. Reyes, EEI Corp. Head of Corporate Strategy and Communication.

EEI is a 93-year-old company which has a broad range of construction and engineering services, with expertise in the construction of infrastructure, buildings, and industrial and electromechanical facilities. Years of contracting and collaborating with global contractors, particularly in the Middle East, Africa, and Asia Pacific countries, have enabled EEI to achieveexcellent project management expertise and competencies in all fields and disciplines of construction. EEI currently has 24,000 employees working across its several  projects in the Philippines and overseas.

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