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ABS-CBN is One of the 15 Firms Cited for Good Corporate Governance

ABS-CBN Broadcasting Corporation is the only multimedia company to be included in the list of 2008 Top Performing Companies in terms of Corporate Governance in the 4th Corporate Governance (CG) Scorecard Project by the Institute of Corporate Directors (ICD).

Here are the Philippines Top 15 Companies from a shortlist of 138 firms cited with Outstanding Corporate Governance in 2008 (in alphabetical order):

Aboitiz Equity Ventures
ABS-CBN Broadcasting Corp.
Ayala Corporation
Ayala Land Inc.
Bank of the Philippine Islands (BPI)
Cebu Holdings, Inc.
Cebu Property Ventures and Dev. Corp.
Centro Escolar University (CEU)
Energy Development Corporation
First Philippine Holdings Corp.
Globe Telecom
Manila Water Company Inc.
Petron Corporation
Phil. Long Distance Telephone (PLDT) Company
Semirara Mining Corporation

The companies were declared as the top scorers according to the criteria prescribed in the CG Scorecard as follows: Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure & Transparency and Board Responsibilities.

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