BDO Unibank was named as one of the 15 recipients of the inaugural Institutional Investors Governance Awards, a recognition given to companies that have registered high marks in the Asean Corporate Governance Scorecard.
The ACGS provides a rigorous methodology benchmarked against international best practice to assess the corporate governance performance of publicly listed companies in six participating Asean member-countries. It is a useful tool to demonstrate Asean members’ commitment to sound corporate governance vital in increasing foreign direct investment into the region.
The scorecard was created by the Asean Capital Markets Forum and launched in 2011 as one of the initiatives in preparation for the Asean economic integration in 2015.
The award was given during the recent Investors Forum held at the Manila Polo Club given by institutional investors to publicly listed companies, in partnership with the Fund Managers Association of the Philippines, the Philippine Investment Funds Association, the Trust Officers Association of the Philippines and PJS Corporate Support Inc.
Aside from BDO, other awardees were SM Prime Holdings Inc.; Manila Water Co. Inc.; Philex Mining Corp.; Aboitiz Equity Ventures Inc.; Globe Telecom Inc.; GT Capital Holdings Inc.; Manila Electric Co.; Ayala Corp.; Ayala Land Inc.; PLDT Inc.; Bank of the Philippine Islands; Energy Development Corp.; International Container Terminal Services Inc.; and Metropolitan Bank & Trust Co.