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Manila Bulletin devider Business devider SM Group bags 6 corporate governance awards

SM Group bags 6 corporate governance awards

Published Jan 13, 2023 01:41 pm

The SM Group of companies bagged six trophies during the ASEAN Corporate Governance Scorecard (ACGS) Awards which was hosted by the Institute of Corporate Directors Philippines.

In statement, the group said SM Investments Corporation, SM Prime Holdings Inc., BDO Unibank Inc., China Banking Corporation, 2GO Group Inc., and Belle Corporation were recognized among the top-performing companies in the Philippines as part of the ASEAN Asset Class.

SMIC ASEAN Asset Class Award

The ACGS, is an initiative to recognize the valuable efforts of publicly listed companies in the region to elevate the standards of corporate governance in their respective industries.

“We are humbled by this recognition that further affirms our holistic approach to raising the standards of good corporate governance across our businesses,” said SMIC President and CEO Frederic C. DyBuncio.

China Bank, SM Investments and SM Prime were named among the ASEAN Top 20 Awardees.

China Bank, for its part, was also named among the Top 3 Publicly Listed Companies in the Philippines. It marks two consecutive years that the universal bank has garnered one out of the three highest scores among publicly listed companies in the country.

The ACGS is a collaborative effort between the ASEAN Capital Markets Forum and the Asian Development Bank (ADB) intended to secure that the corporate governance climate in the ASEAN countries remain competitive and conducive to the growth of businesses the region.

Related Tags

Belle Corporation BDO Unibank China Banking Corporation (China Bank) SM Prime Holdings Inc. 2GO Group Inc. SM Investments Corporation
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