In photo with PLDT’s 3-Golden Arrow awards are, from left: PLDT’s Executive Director and SVP/Chief Legal Counsel and Corporate Secretary, Atty. Marilyn A. Victorio-Aquino with SVP/Internal Audit Head, Mr. Luis S. Reňon and VP/Corporate Governance Head, Atty. Ma. Magdalene A. Tan.
The Philippines' leading integrated telco PLDT Inc. continues its dedication to maintaining the highest ethical standards and best corporate governance practices as it was recently awarded a 3-Golden Arrow Award in the year 2022 ASEAN Corporate Governance Scorecard (ACGS) Recognition Ceremony organized by the Institute of Corporate Directors (ICD).
A consistent recipient of the Golden Arrow Awards, PLDT's commitment to exemplary corporate governance practices was once again affirmed by the telco’s receipt of the recognition as a model among publicly-listed companies (PLCs) in the Philippines, based on the 2022 ACGS.
PLDT continues to score high in the ACGS which assesses and ranks PLCs in six participating ASEAN countries – Philippines, Indonesia, Malaysia, Singapore, Thailand and Vietnam. Companies are scored in the areas of facilitating the rights and the equitable treatment of shareholders, how the company relates to different stakeholders, ensuring transparency and accountability through timely disclosure of material information, and how the board guides the company strategically, monitors management, and ensures board accountability to the company and the shareholders.
“From the Company’s board, the top management, and PLDT’s hardworking employees, we thank the ICD and the ASEAN business community for this recognition. Our dedication to upholding the highest standards of corporate governance remains unchanged as we foster a culture of transparency, accountability, and ethical leadership throughout the PLDT Group,” said PLDT Chief Legal Counsel and Corporate Secretary Atty. Marilyn A. Victorio-Aquino.
Other MVP Group companies that were similarly recognized with 3-Golden Arrow Awards were Metro Pacific Investments Corporation (MPIC), Manila Electric Company (MERALCO), and Philex Mining Corporation, while PXP Energy Corporation received a 2-Golden Arrow Award.
The ICD is the leading institution in the field of corporate governance in the Philippines, and a national and regional resource for corporate governance policy advocacy, discussions, and training for directors. It is a non-profit organization dedicated to the professionalization of Philippine corporate directorship and raising the level of the country’s corporate governance policy and practice to world-class standards.
