Core Points - SM Prime Holdings Inc. has received the Five Golden Arrow Award from the Institute of Corporate Directors for the third consecutive year, highlighting its commitment to transparency, accountability, and responsible management practices [1][3] - The award reflects the collective efforts of the company's team and its dedication to good governance based on integrity, fairness, accountability, and transparency [3] - The revised Asean Corporate Governance Scorecard emphasizes sustainability, and SM Prime is recognized for promoting social inclusion, environmental stewardship, and economic advancement [4] Governance Assessment - The Asean ACGS evaluates publicly listed companies on shareholder rights, sustainability, stakeholder relations, transparency, and board effectiveness, consisting of 193 metrics based on publicly available information [5] - A minimum score of 75 points in the ACGS assessment is required to receive a Golden Arrow, indicating strong adherence to the Philippine Code of Corporate Governance and alignment with global best practices [6] - SM Prime is actively enhancing its governance framework while expanding its integrated property developments, contributing to inclusive economic activity and community growth [6]
SM Prime earns third consecutive Five Golden Arrows for corporate governance excellence
The Manila Timesยท2025-11-04 04:34