SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s leading integrated property developers, proudly announced today that it has been awarded the prestigious Five Golden Arrow Award by the Institute of Corporate Directors (ICD) for the third consecutive year. This top-tier recognition affirms the company’s steadfast dedication to the highest standards of transparency, accountability, and responsible management practices.
The Five Golden Arrow Award is based on the rigorous ASEAN Corporate Governance Scorecard (ACGS) assessment, which evaluates publicly listed companies on crucial areas including shareholder rights, stakeholder relations, timely disclosures, and the effectiveness of the Board in guiding corporate strategy.
J. Carlitos G. Cruz, SM Prime Independent Director, highlighted the significance of the achievement during the awarding ceremony.
“This Five Golden Arrow Award is a testament to the collective efforts of everyone at SM Prime. It reflects the company’s strong commitment to nurturing a culture of good governance built on integrity, fairness, accountability, and transparency.”
The latest ACGS revision places a stronger focus on sustainability, an area where SM Prime has demonstrated exceptional performance.
“With the revised ASEAN Corporate Governance Scorecard placing stronger emphasis on sustainability, SM Prime has demonstrated its dedication to promoting social inclusion, environmental stewardship, and economic advancement, ensuring sustainable and resilient growth for the communities it serves,” Mr. Cruz added.
The Golden Arrow is awarded to companies that achieve a minimum score of 75 points in the ACGS, signaling strong adherence to the Philippine Code of Corporate Governance and alignment with globally recognized best practices.
As SM Prime continues to expand its integrated property developments, it remains committed to strengthening its governance framework. The company’s focus is on fostering inclusive economic activity and community growth across the country, reinforcing its role as a leader in both corporate performance and responsible corporate citizenship.
