CEMEX Holdings Philippines (CHP) bagged a brand new Golden Arrow Reputation for being a Best Appearing Publicly-listed Corporate within the Philippines. This marks the second one time CHP has gained the celebrated reputation, the primary was once in 2019, from the Institute of Company Administrators (ICD).
“Receiving a 2nd Golden Arrow affirms CEMEX’s persisted dedication to succeed in excellence in Company Governance by way of following world very best practices and running with the very best requirements of integrity, transparency, ethics and compliance,” mentioned Luis Franco, CHP President & CEO.
Golden Arrow Reputation is given to publicly indexed firms which are thought to be height acting firms within the Philippines in accordance with the 2021 ASEAN Company Governance Scorecard (ACGS) Evaluate Effects.
The popularity is testomony to CHP’s observable conformance with the Philippine Company Governance and internally beneficial company governance practices espoused by way of the ACGS. It additionally highlights the sound implementation of its socioeconomic methods and sustainability projects that beef up nation-building.
CHP’s Investor Members of the family Director Pierre Co gained the award on behalf of the corporate all the way through ceremonies not too long ago held at Sheraton Manila, Pasay Town.
Collectively advanced by way of Asian Construction Financial institution (ADB) and the ASEAN Capital Markets Discussion board, the ACGS objectives to boost the company governance requirements and practices amongst publicly indexed firms within the ASEAN, to make well-governed firms extra sexy to buyers and to advertise the ASEAN as an funding asset elegance. Six ASEAN international locations particularly the Philippines, Indonesia, Malaysia, Singapore, Thailand, and Vietnam take part within the ACGS.
Supply Via https://propertyreport.ph/news-and-events/2023/02/08/28939/cemex-philippines-recognized-as-a-top-performing-publicly-listed-company-for-corporate-governance/