Published February 25, 2021, 5:30 AM
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS).
In a statement, the conglomerate said this is an assessment benchmarked against international best practices on corporate governance standards across the region.
The SM companies which received the awards are: SM Investments Corporation, SM Prime Holdings, Inc., China Banking Corporation, Belle Corporation, BDO Unibank, Inc., Premium Leisure Corp., 2GO Group, Inc. and Atlas Consolidated Mining and Development Corporation.
“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 of the Board Jose T. Sio.