In recognition of its commitment towards good corporate governance and responsible management practices, the Manila Electric Company (Meralco) was named Top Performing Philippine publicly listed company under the ASEAN Corporate Governance Scorecard (ACGS). Meralco was awarded a four-arrow recognition by the Institute of Corporate Directors’ (ICD) during the ACGS Golden Arrow Recognition Ceremony held on June 11, 2019 at the Conrad Manila, Pasay City.
Meralco was among only 6 companies in the Philippines who were awarded with a four-arrow recognition. The Golden Arrow recognition is given to the top-performing Publicly-Listed Companies as reflected in their ACGS score from ICD’s 2018 domestic assessment. ICD Chief Executive Officer, Dr. Alfredo E. Pascual, congratulated the top-performing PLCs and encouraged them to continue in developing excellent corporate governance programs and practices for the benefit of the investors, other stakeholders, and the country.
The night was a celebration of the achievements of publicly-listed companies and insurance firms in embracing and promoting a culture of good corporate governance. Hon. Emilio B. Aquino, Chairman of the Securities and Exchange Commission graced the celebration as the keynote speaker.
As seen in photo, Meralco Senior Vice President and Head of Legal and Corporate Governance Office, Atty. William S. Pamintuan (Third from Left), along with the Meralco Corporate Governance team, presents the company’s award to Meralco President and CEO Atty. Ray C. Espinosa (Center).