ACGS fetes 7 SM companies

We are grateful for the honor. We strive to ensure a responsible business for the benefit of our various stakeholders

SM Investments Corporation (SMIC) and its subsidiaries clinched 10 awards for scoring high in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments.

For the 2019 ACGS Assessment, three award categories were recognized — Top 20 ASEAN Publicly Listed Companies, ASEAN Asset Class Award and Top 3 Publicly Listed Companies per Country.

“We are grateful for the honor. We strive to ensure a responsible business for the benefit of our various stakeholders,” SMIC chair Jose T. Sio said.

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Under the ASEAN Asset Class Award, cited were SMIC, SM Prime Holdings Inc. (SM Prime), 2GO Group Inc., BDO Unibank Inc., Belle Corporation, China Banking Corporation (China Bank) and Premium Leisure Corp.
China Bank and SM Prime were named under the Top 20 ASEAN publicly listed companies. China Bank was recognized among the Top 3 publicly listed companies per country.

The ASEAN Capital Markets Forum (ACMF) in partnership with the Asian Development Bank have jointly developed the ACGS, an assessment based on publicly-available information and benchmarked against international best practices on corporate governance.

Through the years, ACGS has been a driving force in underpinning good corporate governance practices among publicly listed companies.

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Article and Photo originally posted by Tribune last February 7, 2021, 2:30am.

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