PSE Starts 2013 Bell Awardees Search
The Philippine Stock Exchange (PSE) is now working on the 2013 PSE Bell Awards for Corporate Governance following its successful inaugural staging last year.
The Bell Awards was launched by the PSE in 2012 as one of its key programs to promote good governance practices among listed companies and trading participants by recognizing those that adhere to higher governance standards.
"We were very pleased with the outcome of the 2012 Bell Awards which was graced by no less than President Benigno S. Aquino III," PSE president and CEO Hans B. Sicat said.
He noted that, "given the continued bullish run of the market and following the credit rating upgrade given to the country, we think that the Bell Awards has become even more relevant. We need to continue to showcase as a country that we are indeed a viable and credible investment destination."
The PSE will honor five Awardees from among the 254 listed companies and six Awardees from among 134 trading participants under two categories (large and small brokerage firms) during the Bell Awards Ceremony slated in November.
The criteria for listed companies will be based on The Corporate Governance Guidelines for Listed Companies issued by the PSE in 2010, while the trading participants will be judged based on the results of their regulatory audits by the Capital Markets Integrity Corporation (CMIC). …