JG Summit recognized for good corporate governance, wins Golden Arrow Award

Philippine Tribune
Philippine Tribune

The Philippine Star

November 1, 2023 | 12:00am

MANILA, Philippines — JG Summit Holdings, Inc. (JGS) landed a prestigious Golden Arrow at the 2023 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition held recently at Okada Manila.

The annual awards, organized by the Institute of Corporate Directors (ICD), honors outstanding corporate governance practices in the Philippines. ICD recognized JG Summit’s dedication to upholding the highest ethical standards, and its continuous efforts to serve the best interests of all its stakeholders.

JG Summit, one of the largest and more diversified Filipino conglomerates, remains steadfast in its dedication to enhancing and fortifying corporate governance practices within the ever-evolving regulatory landscape. The company adheres meticulously to recommended corporate governance principles and industry best practices, covering various pivotal areas such as Board governance responsibilities, disclosure and transparency, internal control, risk management frameworks, cultivation of synergic relationships with shareholders, and fulfilling duties to stakeholders.

Atty. Laurinda R. Rogero, JG Summit Vice-President for Compliance said: “Our unyielding pursuit of good corporate governance transcends mere compliance; it’s about creating enhanced value propositions for our shareholders and customers, mitigating risks, fostering growth, and ensuring sustainability. We firmly believe that a well-managed and governed enterprise benefits not only our shareholders but also local communities through job creation and our corporate social responsibility programs.”

JG Summit, the holding company for a group of companies with substantial business interests in food manufacturing and agro-industrial and commodities, real estate and hotels, air transportation, banking, and petrochemicals, as well core investments in telecommunications and power distribution, is committed to its Purpose of providing better choices to its customers and creating shared success with all its stakeholders.

With the Golden Arrow as an undeniable testament to its commitment to excellence and ethical business practices, the company stands poised to continue its journey toward a brighter and more prosperous future. These accolades reaffirm JG Summit’s position as a leader in the industry, unwaveringly committed to upholding the highest standards of corporate governance and inspiring others to follow suit.

This remarkable achievement goes beyond JG Summit. This commitment to reinforcing good corporate governance is also exemplified by its subsidiaries Universal Robina Corporation, Cebu Air, Robinsons Land Corporation, RL Commercial REIT, and Altus Property Ventures, as well as its affiliate Robinsons Retail Holdings under the Gokongwei Group, which represents one of the largest and most diversified business groups in the Philippines. All of these companies were also honored with Golden Arrows. Together, they stand as shining examples of the Gokongwei Group’s unwavering commitment to excellence, transparency, and responsible corporate governance.

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