Nine SM companies were cited in the recent Golden Arrow Awards by the Institute of Corporate Directors (ICD) for their corporate governance initiatives.
Based on the recent Asean Corporate Governance Scorecard (ACGS) assessment results,
China Banking Corp. received the 5-arrow recognition, the highest award during the ceremony while SM Investments Corp., SM Prime Holdings Inc., BDO Unibank Inc. and Belle Corp.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 Corp.
The SM Group is joined by listed D&L Industrial Corp. who was also cited by the ICD for its corporate governance initiatives.
This is D&L’s third consecutive year of being recognized by D&L.
D&L, was also recognized multiple times by other equally respected institutions. Among others, D&L was named as an Asean Honored Company by the Institutional Investor, Most Outstanding Company in the Philippines (Industrial Sector) by Asiamoney, and Best Mid-Cap Company by Finance Asia.
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.
