MANILA, Philippines — Eight SM companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS), an assessment benchmarked against international best practices on corporate governance standards across the region.
The SM companies which received the awards are: SM Investments Corp., SM Prime Holdings, Inc., China Banking Corp., Belle Corp., BDO Unibank, Inc., Premium Leisure Corp., 2GO Group, Inc. and Atlas Consolidated Mining and Development Corp.
SMIC chairman of the board Jose Sio thanked the ICD during a virtual awarding ceremony held last Feb. 19.
The recognition is given to companies with outstanding scores in the 2019 ACGS assessment. It symbolizes the continuing efforts of Philippine companies to raise the level of compliance with the ASEAN corporate governance principles.