PSE in Corporate Governance Top 50

Manila Bulletin, July 6, 2014 | Go to article overview

PSE in Corporate Governance Top 50


The Philippine Stock Exchange, Inc. (PSE) was included among the top 50 best performing publicly listed companies (PLCs) in the Philippines for the second straight year based on the ASEAN Corporate Governance Scorecard (ACGS) country reports and assessments 2013-2014. The ACGS is a joint initiative of the ASEAN Capital Markets Forum and the Asian Development Bank. PLCs of the six participating ASEAN Member Countries were evaluated based on international standards of corporate governance including the five Organization for Economic Co-operation and Development (OECD) Principles of Corporate Governance. "The PSE continues to strive to adhere to the highest standards of corporate governance as we are cognizant of the benefits of having good governance practices to the investing public and to the country, said PSE President Hans B. Sicat. Sicat explained that, being at the forefront of promoting good corporate governance among listed companies, we know that we ourselves have to practice the same tenets that we are espousing and the results of the recent ACGS show that we are in the right direction. The report noted an improvement in the average corporate governance scores from 2012 to 2013 of the top companies in terms of market capitalization. It also showed the higher scores generated in the specific categories of Role of the Stakeholders, Disclosure and Transparency and Responsibilities of the Board. …

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