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SM Prime bags highest Golden Arrow Award

Business | The Stock Market

SM Prime bags highest Golden Arrow Award

By James A. Loyola

SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has bagged the Five Golden Arrow Award from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition.

The Golden Arrow Recognition is given to publicly listed companies (PLCs) and insurance firms in the Philippines based on the ACGS and CGS assessment results wherein five levels of performance in corporate governance will be conferred.

Each ascending level is depicted by an increase in the number of golden arrows.

GoldenArrowAwards_Quiplist-092823(danilofactorphoto)-64011 copy.png — From Left to Right: ICD Chairperson Cesar Villanueva, ICD Vice Chairperson and President Ma. Aurora Geotina-Garcia, SM Prime Assistant Vice President Jessica Bianca Sy, SM Prime Chief Finance Officer John Nai Peng Ong, SEC Chairperson & CEO Emilio Aquino, and PSE COO Roel Refran.

The Five Golden Arrow Recognition, the highest corporate governance distinction, is presented to companies that achieved a score of 120 to 130 points using the 2022 ACGS and CGS assessments.

“This ICD award will continuously serve as our inspiration to proactively engage in corporate governance best practices as we address to the ever-changing business landscape in the Philippines and in the region.”, said SM Prime Chief Finance Officer John Nai Peng C. Ong.

SM Prime said it remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

Related Tags

Institute of Corporate Directors (ICD) SM Prime Holdings Inc. John Nai Peng C. Ong

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