Ten companies from the SM Group have been honored for their exceptional corporate governance at the recently concluded Golden Arrow Awards by the Institute of Corporate Directors (ICD). Among the awardees, China Banking Corporation (China Bank) and SM Prime Holdings, Inc., the property business of SM Investments Corporation (SM Investments), stood out for receiving the highest recognition of 5-arrows for two consecutive years.
SM Investments, along with BDO Unibank, Inc. (BDO) and Belle Corporation (Belle), were awarded with 4-arrows, while the companies 2GO Group, Inc., Pacific Online Systems Corporation (POSC), and Premium Leisure Corporation, subsidiaries of Belle, received 3-arrows. Additional awardees from the SM Group included Atlas Consolidated Mining and Development Corporation and the APC Group, Inc.
“We are honored to be recognized for our commitment to corporate governance and will continue to advocate best practices in serving our stakeholders and communities,” stated Amando M. Tetangco, Jr., Chairman of the Board of SM Investments.
Since 2018, the SM Group has consistently been acknowledged with the Golden Arrow Awards by the ICD, solidifying its dedication to upholding the highest standards of corporate governance. This year’s achievement further establishes the conglomerate as one of the most awarded in the country, with ten of its companies being recognized.
The ICD’s Golden Arrow recognition is based on the assessment results from the ASEAN Corporate Governance Scorecard (ACGS) and is bestowed upon publicly listed companies in the Philippines. The Institute, established in 1999, has been a strong advocate for promoting and establishing international standards of good corporate governance in the country, collaborating with its regional counterparts.
