Globe Tele­com among 50 best in ASEAN Cor­po­rate Gov­er­nance

Sun.Star Cagayan de Oro - - Billboard -

Globe Tele­com made it to the top 50 pub­liclylisted com­pa­nies (PLCs) in the As­so­ci­a­tion of South­east Asian Na­tions (ASEAN) for ex­cel­lent per­for­mance in the ASEAN Cor­po­rate Gov­er­nance Score­card (ACGS). This is a tes­ta­ment to the com­pany’s com­mit­ment to good gov­er­nance prin­ci­ples to cre­ate shared value for all stake­hold­ers.

The pres­ti­gious award was con­ferred by the ASEAN Cap­i­tal Mar­kets Fo­rum (ACMF) at the ASEAN Cor­po­rate Gov­er­nance Awards cer­e­mony on Novem­ber 21, 2018 in Kuala Lumpur, Malaysia. ACGS as­sessed close to 600 pub­licly-listed com­pa­nies for their cor­po­rate gov­er­nance prac­tices which aim to pro­tect their firms from fi­nan­cial crises and pro­mote greater cap­i­tal mar­ket de­vel­op­ment.

“The key is find­ing the equi­lib­rium be­tween gov­er­nance and busi­ness. We be­lieve that find­ing the right balance is the crux to sus­tain­abil­ity and share­holder value,” said Marisalve Cioc­son-Co, Globe Se­nior Vice-Pres­i­dent for Law and Com­pli­ance, Chief Com­pli­ance Of­fi­cer and As­sis­tant Cor­po­rate Sec­re­tary.

The ACGS is an in­stru­ment for the as­sess­ment and rank­ing of PLCs among par­tic­i­pat­ing

coun­tries, namely: In­done­sia, Malaysia, Philip­pines, Sin­ga­pore, Thai­land, and Viet­nam. This ini­tia­tive was de­vel­oped in 2011 by the ACMF and in col­lab­o­ra­tion with the Asian De­vel­op­ment Bank. The score­card is also aligned with the cor­po­rate gov­er­nance prin­ci­ples by the Or­gan­i­sa­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment (OECD). PR

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