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The Sy-blings’ SM Group has once again emerged as a trailblazer in advocating best practices in corporate governance.
This time, the Institute of Corporate Directors (ICD) has recognized 10 companies within the SM Group for their unwavering commitment to corporate governance excellence.
Notably, the family’s banking unit China Banking Corporation, clinched the highest 5-arrow recognition for two consecutive years. The group’s property arm, SM Prime Holdings Inc. likewise secured its second 5-arrow award, solidifying its dedication to corporate governance.
Joining this elite group of corporate governance champions, SM Investments, BDO Unibank and Belle Corporation received well-deserved 4-arrow awards, celebrating their exceptional contributions to the corporate governance landscape.
The achievements continued with 2GO Group Inc. and Belle’s subsidiaries, Pacific Online Systems Corporation and Premium Leisure Corp., earning the coveted 3-arrow recognitions.
The accolades extend to Atlas Consolidated Mining and Development Corporation and the APC Group Inc., making it a collective triumph for the SM Group.
These recognitions underscore the Group’s ongoing dedication to upholding the highest standards of corporate governance, reinforcing their status as one of the most awarded conglomerates in this domain.
An enduring mark of distinction is the Golden Arrow Award, consistently bestowed upon the SM Group by the ICD since 2018.
Amando Tetangco, chairman of the board of SMIC, said that this honor is a source of inspiration to continue advocating for the highest standards of corporate governance, ultimately benefiting stakeholders and communities alike.
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