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MANILA (Philippine Daily Inquirer/ANN): Globe dominated the Asean Corporate Governance Scorecard (ACGS) in a virtual awarding ceremony held on Friday (Jan 29).
The Securities and Exchange Commission (SEC) with the Institute of Corporate Directors (ICD) recognised Globe and other Philippine companies which excelled in the 2019 ACGS assessment.
Globe won in all prestigious award categories, being the lone telco to do so, among publicly listed firms in six of the participating Asean member countries – namely Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines.
“Corporate Governance plays a significant role in the Globe Purpose. Our vision mission and core values are manifestations of how engrained corporate governance is in the business, ” said Globe President and CEO Ernest Cu.
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Thai-listed companies achieved the highest average score in the 2019 Asean CG Scorecard (ACGS) for the sixth consecutive year, making up the majority of the Asean Asset Class Award recipients, said Ruenvadee Suwanmongkol, secretary-general at the Securities and Exchange Commission (SEC).
The Asean CG Scorecard is aimed at raising international visibility among Asean public-listed companies (PLCs) with outstanding corporate governance (CG) practices, comprising of three categories, namely Asean Asset Class PLCs , Asean Top 20 PLCs, and Country Top 3 PLCs.
Ms Ruevadee said Thai-listed companies occupied the majority of recipients by constituting 42 of 135 companies in the Asean Asset Class PLCs, which awards only companies scoring at least 97.50.