Security Bank tops in corporate governance

MANILA, Philippines - Security Banking Corp. was awarded for excellence in corporate governance at the 8th Corporate Governance Asia Recognition Awards 2012 recognizing the best among publicly-listed companies in the region. This is the third consecutive year that the bank was cited for its ability to implement excellent standards of corporate governance and leading the way in promoting a strong commitment to uphold company values and stakeholders’ rights. Corporate Governance Asia is the region’s most authoritative journal on corporate governance. Criteria used in choosing the winners include noteworthy achievements by the companies such as a previous, publicly-acclaimed track record in corporate governance and the execution of significant and specific CG-related reforms in the past 12 months. The publication also considered the awardees’ contributions in growing their companies’ business, social responsibility and environment protection, as well as efforts to raise the standards of corporate governance practice in the Philippines.