Jollibee Group cited for corporate governance

The Jollibee Group has been recognized by the Institute of Corporate Directors (ICD) through its ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. In a statement, Jollibee said this acknowledges the restaurant company’s progress in adopting more sustainable, responsible, and transparent business practices. The ACGS aims to raise the corporate governance standards and practices of the country by recognizing companies that demonstrate observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS. The recognition is through the Golden Arrow Awards, which measures a company’s performance in such areas as facilitating the rights and equitable treatment of shareholders, ensuring transparency through timely disclosure of material information, and monitoring how the board guides the company strategically and its accountability to its stakeholders. “We are honored to be recognized by the ICD for good corporate governance, affirming our continuous efforts to strengthen our responsible business practices as an organization,” said Jollibee Group President and CEO Ernesto Tanmantiong. He added that, “We are inspired to work even harder in further integrating ESG strategies into our actions and decisions so we can keep on serving great-tasting food and bring the joy of eating to our customers sustainably.” Tanmantiong leads an ESG Council within the Jollibee Group that was established to ensure alignment of business operations with the company’s Sustainability Agenda. (James A. Loyola)