Companies owned by the SM Group received Golden Arrow Awards from the Institute of Corporate Directors for performing well in the ASEAN Corporate Governance Scorecard, 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. (SMIC), 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..
“We thank the Institute of Corporate Directors for this honor. The practice of corporate governance remains an integral part of our business and our company culture,” SMIC Chairman Jose T. Sio said during a virtual awarding ceremony held last February 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. “The environment brought about by the pandemic has heightened the challenges to business. But our values and commitment remain the same—to deliver financial sustainability while upholding fairness, accountability, transparency and to continue to make a positive impact on the environment and communities that we serve,” Sio said.
“These are unfamiliar times, and now more than ever, we believe that companies that behave responsibly will emerge resilient and be able to serve our society better.”
Read full article on BusinessMirror