PASAY CITY, Philippines, 24 September 2024 — SM Investments Corporation received the distinguished 5 Golden Arrow Award from the Institute of Corporate Directors (ICD), the top accolade presented at the ASEAN Corporate Governance Scorecard (ACGS) 2024 Golden Arrow Awards.
Out of only five companies honored with the 5 Golden Arrow Award, four were part of the SM group. In addition to SM Investments, BDO Unibank, Inc. (BDO), China Banking Corporation (China Bank), and SM Prime Holdings, Inc. (SM Prime) were also recognized.
“This award is a testament to the dedication and efforts of our entire organization,” said SM Investments Chairman Amando M. Tetangco, Jr. “From the board, management, and leadership teams to all our colleagues—everyone plays a role in ensuring we continually uphold the highest standards of corporate governance.”
SM Investments upholds superior corporate governance standards in its interactions with investors, partners, creditors, customers, employees, and other stakeholders. The company believes that adhering to these principles is key to its long-term growth and sustainability.
“We acknowledge the growing global focus on corporate governance and sustainability as integral components of business strategies. At SM, beyond mere compliance, our operations are rooted in fairness, integrity, accountability, transparency, and engagement with stakeholders,” said SM Investments Executive Vice President and Chief Risk and Compliance Officer Elizabeth Anne “Lizanne” C. Uychaco.
According to the ICD, the ACGS evaluates companies based on several factors, including how they facilitate shareholder rights and fair treatment, engage with various stakeholders, promote transparency and accountability through timely disclosures, and how the board directs the company strategically, monitors management, and holds itself accountable to the company and its shareholders. The assessment is based on publicly available information on the companies’ websites.
About SM Investments Corporation
SM Investments Corporation is one of the Philippines’ top companies, with leading businesses in retail, banking, and property. It also pursues ventures that capitalize on high-growth opportunities in the country’s emerging economy.
SM’s retail division is the largest and most diverse in the Philippines, encompassing grocery stores, department stores, and specialty shops. Its property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the country, with interests in malls, residences, offices, hotels, convention centers, and tourism-related properties. SM’s banking interests include BDO Unibank, Inc., the largest bank in the Philippines, and China Banking Corporation, the fourth-largest private domestic bank.
For more information, please visit www.sminvestments.com
For inquiries, please contact: smic_corpcomm@sminvestments.com