Insider Spotlight
The bank received Four Golden Arrows from the Institute of Corporate Directors for the third consecutive year, recognizing its corporate governance practices under the ASEAN Corporate Governance Scorecard.
Customer confidence
Strong governance plays an important role in maintaining customer confidence, particularly as banks expand digital services and navigate evolving operational and regulatory requirements.
For UnionBank, governance standards provide a framework for responsible decision-making across its products, services, and operations while supporting long-term business resilience.
The ACGS evaluates publicly listed companies based on shareholder rights, disclosure of business information, risk management, and board oversight.
Established accountability standards
As financial institutions pursue innovation and customer-focused growth, effective governance helps ensure that business decisions remain aligned with stakeholder interests and established accountability standards.
UnionBank president and CEO Ana Aboitiz Delgado emphasized the importance of responsible leadership, particularly when organizations face difficult business decisions.
"Good governance matters most when the choices are difficult,” Aboitiz Delgado said in a press statement.
“It means weighing competing interests, making the call, and being accountable for the outcome. As UnionBank grows and the environment in which businesses operate becomes more complex, that discipline becomes even more important. We are grateful for this recognition and view it as an opportunity to reaffirm our commitment to building our customers’ trust through the decisions we make and every interaction we have with them,” she added.
The recognition also extends to other companies within the Aboitiz Group, reflecting its broader emphasis on corporate governance.
Aboitiz Equity Ventures received Four Golden Arrows, while Aboitiz Power Corporation earned Three Golden Arrows during this year's awards.
NextGen banking initiatives
UnionBank continues to pursue its NextGen banking initiatives, with governance serving as a foundation for innovation and customer relationships.
The bank's approach underscores the importance of maintaining oversight and accountability as financial institutions respond to changing customer expectations and business conditions. —Vanessa Hidalgo | Ed: Corrie S. Narisma
