The Institute of Corporate Directors (ICD) awarded Manulife Philippines and Manulife China Bank Life Assurance Corporation (MCBL) Golden Arrow Awards for their outstanding corporate governance performance in the 2022 ASEAN Corporate Governance Scorecard (ACGS) and CGS Assessment Results.
The ACGS is an ASEAN-wide rating system that evaluates company performance across key areas, including promotion of shareholder rights and fair treatment, stakeholders’ interactions, transparency and accountability, and board’s effectiveness in guiding the company’s strategy, overseeing management, and being accountable to the company and its shareholders. Based on publicly available disclosures on company websites, the Corporate Governance Scorecard assessment results aim to underscore and enhance corporate governance standards and practices within the country, making Philippine publicly listed companies and insurance firms more appealing to potential investors.
“Good governance is part of doing business in Manulife. Nurturing trust, doing the right thing, and generating value for our customers and shareholders are at our core. This award strengthens our commitment to abiding by the highest standards of corporate governance practices. We thank the Institute of Corporate Directors for this consistent recognition, inspiring us to continually pursue excellence within our industry, and foster trust and provide meaningful value to our stakeholders and the communities we serve,” said Rahul Hora, President and CEO, Manulife Philippines.
“Aside from being well-positioned to offer the most relevant products and services to our customers, we at MCBL also ensure all our shareholders that corporate consciousness, fairness, transparency and accountability are integral in the way we conduct business, so we can continue to financially secure more Filipinos and help make their every day better,” added Neil Bowyer, President, MCBL.
The ICD comprises over 500 ethical governance professionals in the ASEAN region united by a shared vision to revolutionize the corporate governance landscape, emphasizing the importance of corporate governance to lead better operational performance, ensure effective risk management, and contribute to a resilient economy.
