Another Milestone for Corporate Governance

For the fifth year, SBS Philippines Corporation received the Golden Arrow Award for corporate governance from the ICD. The ICD, the Philippine ranking body for the ACGS, recognized SBS for its governance performance. Moreover, SBS aligned with the recommended CG standards under the Philippine Code of Corporate Governance and ACGS best practices. Consequently, SBS achieved a 2-Arrow recognition based on the 2023 assessment, highlighting its efforts to raise governance standards.

The ICD awards the Golden Arrow to top publicly listed companies in the Philippines scoring 80 points and above. Additionally, the award uses a tiered scoring mechanism with five performance levels, each symbolized by golden arrows. Thus, these scorecards demonstrate a company’s commitment to good corporate governance practices.

At the ceremonies on September 19, 2024, SBS Vice Chairman and SVP for Sales & Marketing, Mr. Necisto Y. Sytengco II, expressed gratitude. He stated, “This award reflects the dedication and effort of our entire team, who work tirelessly to uphold integrity and transparency in all our operations. We are truly honored to be recognized alongside other prominent companies in our industry, and we are committed to continuously improving our corporate governance practices.”

SBS actively pursues excellence in corporate governance efforts. Therefore, it strives to exceed the expectations of its diverse stakeholders. Finally, SBS looks forward to advancing its governance practices by fostering a culture of trust, transparency, and accountability.