D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, was recognized by the Institute of Corporate Directors (ICD) for its outstanding corporate governance practices for the fifth consecutive year.
The ICD’s Golden Arrow Award is based on the ASEAN Corporate Governance Scorecard (ACGS) which measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability thru timely disclosure of material information, and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders.
ICD is a non-stock, not-for-profit national association of corporate directors and other stakeholders engaged in corporate governance.
Its mission is to champion good corporate governance and stewardship for the benefit of the society. It aims to be the key catalyst in the Philippine corporate governance ecosystem for inclusive and sustainable development.
“We are deeply honored to receive such prestigious recognition from the ICD. This year, we received a two-arrow recognition, an improvement from last year’s one-arrow recognition which signifies our constant pursuit to be better as an organization,” said D&L President and CEO Alvin Lao.
He added that, “At D&L, we see the value of maintaining the highest standards of corporate governance. We believe it is the cornerstone of building a sustainable and enduring organization.”
D&L Industries is a Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM industries.
The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use.
Established in 1963, D&L has the largest market share in each of the industries it serves, as well as long-standing customer relationships with the Philippines’ leading consumer and manufacturing companies.