ABS-CBN was once again recognized for its good corporate governance as it received another ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Award from the Institute of Corporate Directors (ICD). 

This is the fifth time that ABS-CBN was honored alongside other top Philippine publicly listed companies and insurance companies for being compliant with government regulations based on the 2023 ACGS and Corporate Governance Scorecard (CGS) assessment results.

ICD presents the award to companies who have achieved a score of at least 80 points in the ACGS Assessment, which is composed of 184 questions based on publicly available disclosures on companies’ websites. According to ICD, “it aims to raise the corporate governance standards and practices of the country and to make well-governed Philippine publicly listed companies and insurance companies attractive to investors.”

The ICD is a non-stock, non-profit organization dedicated to the professionalization of Philippine corporate directorship.

Source: abscbnpr.com