ABS-CBN Corporation was honored for the seventh time with an ASEAN Corporate Governance Award by the Institute of Corporate Directors for its outstanding corporate governance.
The company was recognized with a Golden Arrow Award for demonstrating exemplary corporate governance practices, based on the 2025 ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) assessment results.
The Golden Arrow is awarded to companies that achieved a score of at least 75 points in the ACGS Assessment and have exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS.
The ACGS measures companies’ performance in facilitating shareholders’ rights and equitable treatment, sustainability and resilience, stakeholder relations, transparency and accountability through timely disclosures, the board’s strategic guidance and management, and accountability to the company and shareholders.
Chief risk management officer, chief compliance officer, and head of ABS-CBN Shared Service Center Mike Villanueva, along with Treasury and Investor Relations team members Cindy Estojero, Melanie Teodoro, and Marvin Payumo, accepted the award on behalf of the company.
The ICD is a non-stock, non-profit national associaton of corporate directors and stakeholders engaged in corporate governance. According to the ICD, the ACGS “aims to raise the country’s corporate governance standards and practices and make well-governed Philippine publicly listed and insurance companies attractive to investors.”
