Megaword Group feted for Excellence in Corporate Governance

Parent company Alliance Global Group also bagged awards for Philanthropy and Development that highlight the Group’s commitment to champion good corporate governance

Premier township developer Megaworld and its subsidiary Megaworld Real Estate Investment Trust (MREIT) were awarded during the prestigious 9th Global Good Governance (3G) Awards 2024, which was held recently in Manila for the first time.

Megaworld and MREIT each took home a 3G Championship Award for Corporate Governance Reporting, while its parent company Alliance Global Group, Inc. (AGI) was also given the 3G Award for Development and the 3G Award for Philanthropy.

“Many movers and shakers in the Global Good Governance Awards come from Asia. Given this new trend, marginal value addition to global good governance has an ever-increasing share contributed by Asia. This means that a bulk of global social capital in the future will originate from this part of the world,” says Professor Humayon Dar, Chairman of the Global Good Governance Awards, during his speech.

This latest set of awards highlight how AGI and its companies all put a huge premium on practicing and championing good corporate governance in the way it conducts its various businesses.

Spearheaded by Cambridge IFA, the 3G Awards 2024 celebrate and acknowledge institutions and individuals’ sustainable efforts, practices, policies, and innovative products and services. This includes governments, corporations, and individuals from more than 15 countries spanning five continents that have demonstrated exemplary leadership and sustainable practices in the realms of good governance and social responsibility.

Delegates from Thailand, Malaysia, Indonesia, Singapore, the United Arab Emirates, Saudi Arabia, Africa, and Qatar also flew into Manila to receive their respective awards.

EMPHASIS ON GOOD GOVERNANCE IN BUSINESS

During the summit, representatives from AGI, Megaworld, and MREIT joined ambassadors from the UAE, Malaysia, Thailand, Singapore, Canada, Lao PDR & UK, VIPs including the heads of Chambers of Commerce from Korea, Malaysia, and Britain, business leaders, government officials, philanthropists and influential figures from around the world to discuss and deliberate on strategies for fostering a sustainable future.

The theme of the summit, which is “Aligning Good Governance with UN SDGs,” revolved around bridging the gap in achieving the SDGs and the role of effective leadership in bringing together governments, corporations and social sectors to create impactful strategies, overcome challenges, and lead the way towards a sustainable and prosperous future for all.

Megaworld receives the 3G Championship Award for Corporate Governance Reporting, represented by Arnulfo Batac, head of Sustainability for Megaworld, and Andy dela Cruz, head of investor relations.

AGI receives the two recognitions from the 3G Global Good Governance Awards. Receiving the award were Carol Kabigting, head of Investor Relations, AGI (center) and Arnulfo Batac, head of Sustainability, Megaworld (right).

Professor Humayon Dar, chairman of the Global Good Governance Awards (top center), joins representatives from Alliance Global Group, Inc., Megaworld, MREIT, and other awardees in celebrating their big win.

MREIT receives the 3G Championship Award for Corporate Governance Reporting from Cambridge IFA. Representing MREIT is Englebert Teh, corporate planning officer of MREIT (center).