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.
Willy N. Ocier is the chairman of the 11-man board of Belle Corp. (BEL). On Nov. 24, 2020, he bought a total of 105,000 BEL common shares on Nov. 24, 2020 as follows: 5,000 at P1.59 each; 50,000 at P1.60 each; and 50,000 at P1.61 each. The three additional acquisitions increased his ownership to 67,290,702 common shares, or from 67,185,702 common shares.
As of Sept. 30, 2020, BEL had 9,763,126,297 outstanding common shares of 10,560,999,857 issued common shares having reported 797,873,560 treasury common shares or 8.172 percent, according to the company’s public ownership report (POR). Of the outstanding, Ocier directly owned 65,589,702 common shares or 0.672 percent. Aside from him, his fellow directors and their direct ownerships were Jacinto C. Ng Jr., 135,860,666 common shares or 1.392 percent; Manuel A. Gana, 51,000 common shares; Emilio S. de Quiroz, 50,001 common shares; Virginia A. Yap, 110,000 directly owned common shares and indirectly held 50,000 common shares; Jose T.