SM companies are among the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors who recognized nine companies of the SM Group for excellence in performance in Corporate Governance. Attending the awarding ceremony are (from left) Securities and Exchange Commission chairman Emilio Aquino, Institute of Corporate Directors vice-chair and president Ma. Aurora Geotina-Garcia, SM Investments Corp. senior assistant vice president for governance risk and compliance Noel Ang, SM Investments senior vice president for governance, risk and compliance, chief risk and compliance officer Wellington Palmero, Philippine Stock Exchange president and chief executive Ramon Monzon and ICD chairman Cesar Villanueva.
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 Securities and Exchange Commission chairman Emilio Aquino, Institute of Corporate Directors vice-chair and president Ma. Aurora Geotina-Garcia, SM Investments Corp. senior assistant vice president for governance risk and compliance Noel Ang, SM Investments senior vice president for governance, risk and compliance, chief risk and compliance officer Wellington Palmero, Philippine Stock Exchange president and chief executive Ramon Monzon and ICD chairman Cesar Villanueva.){kind=link}