Security Bank was again recognized by the Institute of Corporate Directors (ICD) for its excellence in corporate governance–awarding the Bank with three golden arrows at a ceremony held in Sheraton Manila.
The Bank received the recognition after scoring 103.32 at the 2021 Asean Corporate Governance Scorecard (ACGS). A three-arrow recognition is given to publicly listed companies who achieve a score of 100-109 on the scorecard.
ACGS is an assessment based on international best practices in corporate governance. The rigorous methodology was developed by experts across the region to assess the corporate governance standing and performance of publicly listed companies in six (6) participating ASEAN member countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.
As the Bank strengthens its journey to become the most customer-centric bank in the Philippines, it remains committed to upholding, improving, and deepening its corporate governance framework and practices that have been continuously recognized by various award-giving bodies.
“Security Bank is honored to have been awarded three golden arrows by the Institute of Corporate Directors. This recognition, which comes on the heels of our wins as Asia’s Best CSR and Asia’s Best Investor Relations Company at Corporate Governance Asia, proves how corporate governance is deeply embedded in Security Bank’s DNA. We are actively raising the bar of good governance as we work towards sustainable growth,” says Security Bank President and CEO, Sanjiv Vohra.
Apart from the golden arrow citations, the Bank also received the Asean Asset Class Award, in recognition of its continued high score on the Corporate Governance Scorecard. The Asean Asset Class Award is given to publicly listed companies who scored at least 97.5 points.
