Globe Telecom was recently named Asia’s Outstanding Company on Corporate Governance during the 9th Corporate Governance Asia Recognition Awards held in Hong Kong.
“Globe Telecom strongly believes that integrity, accountability and transparency in all aspects of the business are crucial ingredients to the company’s success,” said Carmina Herbosa, Globe head for Internal Controls.
She added that, “These are the principles that make up the company’s foundation to achieving its mission, vision and goals.”
The recognition was given by the Corporate Governance Asia, a Hong Kong-based magazine specializing in corporate governance issues in the region.
The award is designed to inspire excellence among the different layers in corporate hierarchy, especially as Asia continues to gain further recognition in the global arena as a favored investment destination in view of its robust economic growth.
“Over the years, Globe Telecom has steadily advanced in its practice of corporate governance and this is a tribute to the company’s commitment toward accountability and transparency,” Herbosa said.
Publicly known activity
The Outstanding Company for Corporate Governance Award is given to a company with a publicly acclaimed track record for corporate governance, and is involved in a specific publicly known activity related to improving or enhancing the standards of corporate governance during the past 12 months.
The awardee must have implemented significant and specific corporate governance-related reforms during the past 12 months, involving the rights of shareholders, disclosure and transparency, corporate social responsibility and environmental practices, among others.
The award recognizes companies that excel in corporate governance across Asia. They include companies from Singapore, Thailand, Malaysia, India, Indonesia, South Korea, Japan, Vietnam and the Philippines.
In December last year, Globe bested 247 other listed companies in the country to win the first ever Bell Award for Corporate Governance given by the Philippine Stock Exchange.
The recognition follows a similar citation from Hong Kong publishing giant FinanceAsia where Globe also garnered high marks in the Best Corporate Governance category.