Marcelo ‘Arcus’ Fernando Jr., Senior Vice President for Group Treasury (left) and Reginald Tiu, Senior Assistant Vice President for Corporate Governance receive the award on behalf of SM Investments Corporation.
Eight SM companies were recognized among the top-governed firms based on the 2017 ASEAN Corporate Governance Scorecard (ACGS) in an appreciation ceremony by the Institute of Corporate Directors held last July 31, 2018.
SM Investments Corporation, SM Prime Holdings and China Banking Corporation were ranked among the highest in corporate governance best practices, garnering a score of 100 points and above.
Other top-ranked companies are BDO Leasing and Finance, BDO Unibank, Belle Corp., Premium Leisure Corporation and Pacific Online Systems Corporation.
ICD was named by the Securities and Exchange Commission to serve as the domestic ranking body of the ACGS.
This distinction allows ICD to measure Philippine listed companies’ adherence to corporate governance best practices.