Beyond compliance: SM Group sweeps top good governance awards

September 24, 2024
12:56PM PHT

Sy family-led conglomerate SM Investments Corp., along with three other SM companies, claimed 4 out of the 5 prestigious 5 Golden Arrow Awards at the ASEAN Corporate Governance Scorecard (ACGS) 2024.

The awarded companies include BDO Unibank, China Bank, and SM Prime Holdings, highlighting SM’s dominance in corporate governance excellence.

This underscores the group’s dedication to upholding strong corporate governance, focusing on transparency, accountability, and fair treatment of all stakeholders—key factors considered by the Institute of Corporate Directors in their evaluation process.

“This recognition reflects the commitment and hard work of our entire organization,” SM Investments chair Amando M. Tetangco Jr. said in a statement. 

“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,” he added. 

From Left: Atty. Pedro H. Maniego, Jr., Institute of Corporate Directors (ICD) Chairman; Atty. Roel A. Refran, Philippine Stock Exchange (PSE) Executive Vice President and Chief Operating Officer; Amando M. Tetangco, Jr., SM Investments Corporation Chairman; Emilio B. Aquino, Securities and Exchange Commission (SEC) Chairman; Ida Ceniza-Tiongson, and Ma. Victoria C. Españo, ICD Vice Chairperson and ICD Treasurer, respectively./Photo from SM Investments 

Going the extra mile 

“We recognize the rising global attention on corporate governance and sustainability as part of companies’ business strategies,” SM Investments executive vice president and chief risk and compliance officer Elizabeth Anne “Lizanne” C. Uychaco said.

“Beyond compliance, SM’s operations are anchored on fairness, integrity, accountability, transparency and stakeholder engagement,” she added. 

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