The SM group of companies was one of the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors (ICD).
In a statement SM Investments Corporation said nine companies of the SM Group were recognized 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.
SM Investments, SM Prime Holdings, Inc., BDO Unibank Inc. (BDO), and Belle Corporation garnered the 4-arrow recognition.
Gaining the 3-arrow recognition are 2GO Group, Inc., and APC Group, Inc. 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 President and CEO Frederic C. 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.