Aboitiz Group gets 4 plum Golden Arrows from ICD

Raffy Ayeng·24 October 2025, 11:49 pm·1 min read

Text size

Aboitiz Group gets 4 plum Golden Arrows from ICD — Joining President Ferdinand R. Marcos Jr. (second from right) in the ceremonial awarding of Certificates of Lot Award to beneficiaries of the Social Housing Finance Corporation’s Enhanced Community Mortgage Program during the National Housing Expo at the World Trade Center in Pasay City on Thursday, 23 October are Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling (third from right), SHFC president and CEO Federico Laxa (left), NHA general manager Joeben Tai and Pag-IBIG Fund CEO Marilene Acosta.
Photograph courtesy of SHFC

With its commitment to integrity, transparency and accountability in business, the Aboitiz Group has achieved a new milestone in corporate governance excellence, with all three of its publicly listed companies — Aboitiz Equity Ventures Inc., (AEV), Aboitiz Power Corporation (AboitizPower) and Union Bank of the Philippines (UnionBank) — earning Four Golden Arrows from the Institute of Corporate Directors (ICD), marking the first time in the Group’s history that all three Aboitiz-listed companies have simultaneously achieved such accolades.

“Good governance is the foundation of everything we do,” Aboitiz Group president and CEO Sabin Aboitiz said. “To achieve the Four Golden Arrow distinction simultaneously across our core listed companies marks a historic validation of our culture and our people.”

ICD, in partnership with the SEC

Annually bestowed by the ICD in partnership with the Securities and Exchange Commission (SEC), the Golden Arrow Awards extol publicly listed companies that demonstrate exemplary governance practices.

The distinction, ranging from one to five arrows, represents increasing levels of governance maturity and excellence.

Recognition based on updated ACGS

This year’s recognition was based on the updated ASEAN Corporate Governance Scorecard (ACGS), which measures management and governance against more rigorous criteria.

This revision significantly broadens the focus to include sustainability, resilience, and enhanced board accountability, bringing the region's standards into direct alignment with global best practices.

The Group's portfolio manager, AEV, distinguished itself this year for its robust performance in board responsibility, disclosure, and stakeholder engagement, reflecting a governance culture that is proactive, transparent, and fully aligned with the Group’s long-term growth strategy.

A consistent honoree in the Golden Arrow Awards, the Aboitiz Group continues to set benchmarks in governance excellence by demonstrating how purpose, innovation, and accountability work together to strengthen the country’s investment climate and institutional resilience.