MANILA — Manulife Philippines and Manulife China Bank Life Assurance Corporation (MCBL) recently won two Golden Arrow Awards for exemplary performance in corporate governance. The awards were given by the Institute of Corporate Directors at their Global Governance Summit held on September 19, 2024.
The Institute of Corporate Directors (ICD) recognizes publicly listed corporations that have exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices promoted by the ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS). The ACGS and CGS measure fair stakeholder treatment, accountability and transparency, and board effectiveness on the strategic management of a company, based on publicly available disclosures.
“Awards like these are a testament to the work we are doing to ensure good corporate governance and stakeholder engagement for Manulife Philippines and MCBL. We are honored to once again receive the Golden Arrow Awards from the Institute of Corporate Directors, and remain steadfast in our commitment to doing honest work for our stakeholders and communities,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines.
“We are in a business of trust, so it is our duty to all our stakeholders — from our customers to our shareholders — to operate with transparency and accountability and observe fair and equitable corporate practices. We are dedicated to providing holistic financial solutions that enable Filipinos to achieve financial security and live better every day,” Hora added.
Through the Golden Arrow awards, the ICD aims to raise the standards of corporate governance toward local companies and make Philippine companies more attractive to investors.
