Meralco receives 3 Golden Arrow awards for outstanding good governance

ACGS is an evaluation tool developed by the ASEAN Capital Markets Forum to assess the governance framework of publicly listed companies in the region.

Receiving the award on behalf of Meralco from the Institute of Corporate Directors during the Golden Arrow Award are representatives of the Corporate Governance and Compliance Team (in the photo from left) Atty. Lester F. Bernardo Jr., Atty. Jocelyn C. Villar-Altamira, Abigail A. Terga and Orlando P. Almaden. | photograph courtesy of Meralco

Recognizing its remarkable corporate governance practices, the Manila Electric Company has once again received a three-arrow recognition from the Institute of Corporate Directors during the Golden Arrow Awards held on 28 September.

The prestigious accolade came as a result of Meralco's outstanding performance in the 2022 ASEAN Corporate Governance Scorecard assessment, reflecting the company's conformance with the Philippine Securities and Exchange Commission's Code of Corporate Governance for Publicly-Listed Companies, as well as internationally recommended corporate governance practices as espoused by the ACGS.

ACGS is an evaluation tool developed by the ASEAN Capital Markets Forum to assess the governance framework of publicly listed companies in the region. This assessment covers various aspects, including board responsibilities, shareholder rights, disclosure and transparency, and stakeholder management.

This recognition serves as a testament to the company's unwavering dedication to upholding the highest standards of corporate governance. By excelling in the ACGS assessment, Meralco has demonstrated its commitment to operating with integrity and safeguarding the interests of its shareholders and stakeholders.

Through the award, Meralco highlights the importance of good corporate governance in today's business environment. It serves as a reminder to all publicly listed companies that adherence to rigorous corporate governance standards is essential to ensure sustainable success and foster good relationships among investors, customers, and the community they serve.