Ten SM Companies Lead Best Practices In ASEAN Corporate Governance Awards

Ten SM companies were feted in the first ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition ceremonies held at the Conrad Manila last June 11, 2019.

SM Investments Corporation (SMIC), SM Prime Holdings Inc. (SM Prime), BDO Unibank Inc. (BDO), BDO Leasing and Finance Inc., China Banking Corporation (China Bank), Premium Leisure Corp., Belle Corporation, Pacific Online Systems Corporation, 2GO Group, Inc. and Atlas Consolidated Mining & Development Corporation were cited among the top performing companies in the Philippines out of a total of 48 publicly-listed firms recognized under the ACGS and for their continued efforts to raise the level of compliance with the ASEAN corporate governance principles.

The ASEAN corporate governance initiative comprising the Asean Corporate Governance Scorecard and the ranking of corporate governance practices of ASEAN publicly-listed companies (PLCs) is one of the regional initiatives under the ASEAN Capital Markets Forum which aims to raise corporate governance standards and practices of ASEAN PLCs and enhance the visibility and investability of well-governed ASEAN firms internationally.

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