PASAY CITY, Philippines, Sept. 27,
2024 /PRNewswire/ -- SM Investments Corporation 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. Aside from SM Investments, also cited were
BDO Unibank, Inc. (BDO), China Banking Corporation (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,
management, our leaders and teammates—everyone consistently works
to ensure we continue to adopt and uphold the highest standards in
good corporate governance."
SM Investments practices 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
the long-term growth and sustainability for the company.
"We recognize the rising global attention on corporate
governance and sustainability as part of companies' business
strategies. Beyond compliance, SM's operations are anchored on
fairness, integrity, accountability, transparency and stakeholder
engagement," SM Investments Executive Vice President and Chief Risk
and Compliance Officer Elizabeth Anne "Lizanne" C. Uychaco
said.
According to the ICD, the ACGS measures the performance of the
companies in the areas of facilitating the rights and the equitable
treatment of shareholders, how they relate to their different
stakeholders, ensuring transparency and accountability through
timely disclosure of material information, and how the board guides
the company strategically, monitors the management, and ensures the
board's accountability to the company and the shareholders. The
assessment is based on publicly available disclosures on the
companies' websites.
About SM Investments Corporation
SM Investments Corporation is one of the leading Philippine
companies that is invested in market-leading businesses in retail,
banking, and property. It also invests in ventures that capture
high growth opportunities in the emerging Philippine economy.
SM's retail operations are the country's largest and most
diversified, consisting of grocery stores, department stores and
specialty retail stores. SM's property arm, SM Prime Holdings,
Inc., is the largest integrated property developer in the Philippines with interests in malls,
residences, offices, hotels, and convention centers as well as
tourism-related property developments. SM's interests in banking
are in BDO Unibank, Inc., the country's largest bank, and China
Banking Corporation, the fourth largest private domestic bank.
For more information, please visit
www.sminvestments.com
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SOURCE SM Investments Corporation