Advertisementspot_img
Wednesday, October 16, 2024

Delivering Stories of Progress

Advertisementspot_img

Meralco wins Four-Golden Arrow Awards for Exceptional Corporate Governance

Latest article

Advertisement - PS02barkero developers premium website

THEPHILBIZNEWS Partner Hotels

Hotel Okura Manila
Hotel 101
The Manor at Camp John Hay
Novotel Manila
Taal Vista Hotel
Advertisement - PS02barkero developers premium website

In recognition of its exceptional corporate governance practices, Manuel V. Pangilinan-led Manila Electric Company (Meralco) has received a four-arrow recognition from the Institute of the Corporate Directors (ICD) at the prestigious Golden Arrow Awards held on September 19, 2024 in Pasay City.

The prestigious four-arrow award is the highest level of recognition bestowed by ICD to companies that achieved a score of at least 110 points in the ASEAN Corporate Governance Scorecard (ACGS) assessment in 2023. 

Meralco’s recognition reflects the power distributor’s strict adherence to the corporate governance code, rules, and regulations promulgated and enforced by the Securities and Exchange Commission, the Philippine Stock Exchange, the Philippine Dealing and Exchange Corporation, as well as globally recommended corporate governance practices endorsed by the ACGS.

Developed by the ASEAN Capital Markets, ACGS is an evaluation tool that measures the performance of publicly listed companies in the region. This assessment measures how well companies handle stakeholder management, disclosure and transparency, board strategies, and shareholder rights.

The four-arrow award is a testament to Meralco’s steadfast commitment to upholding the highest standards of corporate governance and strong adherence to operating with integrity, fairness, and honesty to safeguard the interests of its shareholders and stakeholders

Advertisement - PS04spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement - PS05spot_img
Advertisement - PS01spot_img

Must read

Advertisement - PS03spot_img