An integrated multimedia company serving the elite community of leading corporate and financial decision makers in Asia, the Asset, has awarded Globe Telecom the Platinum Award for Excellence in Management and Corporate Governance.
In a statement, Marisalve Ciocson-Co, head of legal services of Globe said that, “It is truly an honor for Globe to be consistently recognized both locally and internationally for its management and corporate governance practices.”
She added that, “This recent award is a testament to the unwavering efforts of Globe board of directors, management, officers and employees to commit themselves to the principles and best practices of governance in the attainment of corporate goals, while at the same time ensure transparency and social responsibility in company operations.”
The Asset Excellence in Man-agement and Corporate Governance Benchmarking Awards 2013 has gained a reputation with insti-tutional investors for its independent and internationally recognized assessment of Asia’s listed companies in their business and governance performance.
The criteria used to assess the companies include a range of metrics of financial performance, which are also a proxy for gauging management acumen. But since the purpose of the awards is also to recognize the importance of sustainable growth, companies were also evaluated according to the quality of their corporate governance, social responsi-bility, environmental respon-sibility, and investor relations.
Through corporate governance policies, Globe is able to pursue the mandate to protect the inte- rests of the investing public, and is accountable for governing and providing direction to the corporation.
Globe also said that firmly believes that good governance together with integrity and transparency are critical aspects to its success.
In 2012, Globe won the first Bell Award for Corporate Governance given by the Philippine Stock Exchange, and received a similar citation from Hong Kong publishing giant FinanceAsia where the company garnered high marks in the Best Corporate Governance category.