Int’l Finance awards Globe 5 honors

The Philippine banking system is sound and well-capitalized, adding that there is “no reported exposure.

Globe Telecome receives five awards from the International Finances. | Photograph courtesy of Globe

Digital solutions platform International Finance has recognized Globe as the winner in the category “Best Corporate Governance Company — Telecom — Philippines 2022.” Globe was the only local organization and telco to receive an award.

International Finance is a premium business and finance magazine published by the UK’s International Finance Publications Limited. The Awards identify categories for corporate excellence through qualified research teams that seek out new industry sectors and categories to reward quality work.

The official announcement was published on the International Finance website on 31 January. The recognition came just days after Globe received the five Golden Arrow Awards from the country’s Institute of Corporate Directors for its outstanding performance in corporate governance.

“We are grateful for this recognition. The principles of corporate governance are well ingrained in our everyday life and the conduct of our business. We believe that corporate governance sustains shareholder value and keeps our customers and stakeholders happily associated with us through the trust and confidence in our business, people, and corporate culture,” said Ernest Cu, Globe president and CEO.

“Corporate governance has been a part of our business journey at Globe. The campaign for transparency, fairness, accountability, integrity, and stakeholder engagement is most felt by our stakeholders when embedded in our corporate culture. We are truly elated that our stakeholders feel this difference and other entities across the Globe recognize our efforts,” said Marisalve Ciocson -Co, Globe chief compliance officer, SVP-Law and Compliance and Assistant Corporate Secretary.

Globe adheres to its comprehensive Manual of Corporate Governance and Code of Conduct, which are aligned with international standards and govern its business practices. These include strict policies against insider trading and corruption, regulations on dealing in securities, guidelines on conflict of interest, provisions for environmental sustainability and health and safety, and protocols on dealing with suppliers and vendors, among others.

In addition to going beyond the minimum requirements of applicable laws and regulations, Globe proactively adopts policies and practices to sustain a culture of good corporate governance embedded in its business conduct. As such, it has been acknowledged by both domestic and international award-giving bodies for its corporate governance standards and practices.

The company has made it to the FTSE4Good Index Series for the seventh

a consecutive year and received an “A” rating from MSCI ESG. Globe was also listed for Best Corporate Governance under the Telecom – Asia category for two successive awarding periods by the Ethical Boardroom Corporate Governance Awards, proving its dedication to Environmental, Social and Governance practices that help shape society’s sustainable future.

Globe was also awarded among the Top 3 Philippine Publicly Listed Companies, ASEAN Top 20 and ASEAN Asset Class — Philippines, at the 2021 ACGS ASEAN Awards ceremony.

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