SM Investments Corp. was awarded the prestigious 5 Golden Arrow Award by the Institute of Corporate Directors (ICD), the highest recognition given during the ASEAN Corporate Governance Scorecard (ACGS) 2024 Golden Arrow Awards.
Only five companies received the 5 Golden Arrow Award, four of which were SM companies. Apart from SM Investments, BDO Unibank, Inc. is also mentioned. (BDO), China Banking Corp. (China Bank), and SM Prime Holdings, Inc. (SM Prime).
“This recognition reflects the commitment and hard work of our entire organization,” said SM Investments Chairman Amando M. Tetangco, Jr. “From the board, to management, to our leaders and teammates – everyone is working tirelessly to ensure that we continue to adopt and participate in the highest standards of good corporate governance.”
SM Investments applies the highest standards of good corporate governance in all its dealings with investors, business partners, creditors, customers, employees and all other stakeholders. SM Investments believes that good corporate governance will provide long-term growth and sustainability for the company.
“We are seeing increasing attention around the world to corporate governance and sustainability as part of corporate business strategies. Apart from legal compliance, SM’s operations focus on fairness, integrity, accountability, transparency and collaboration with stakeholders,” said SM Investments Senior Vice President and Chief Risk and Compliance Officer Elizabeth Anne “Lizanne” C. Uychaco.
According to the ICD, ACGS measures the performance of companies in the areas of facilitating the rights and equal treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through the timely disclosure of important information, and how the Board. guides the company strategically, oversees management, and ensures accountability of the Board to the company and shareholders. The assessment is based on publicly available disclosures on the companies’ websites.
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