Globe has once again demonstrated its unwavering commitment to the highest standards of corporate governance, earning the prestigious Five Golden Arrows from the Institute of Corporate Directors (ICD) for the fourth consecutive year. This exceptional distinction affirms Globe’s consistent performance in upholding transparency, accountability, and ethical leadership, placing it among the top-performing publicly listed companies in the Philippines and the ASEAN region.
The Golden Arrow Award recognizes companies that excel in the ASEAN Corporate Governance Scorecard (ACGS), a rigorous regional framework designed to evaluate how companies protect shareholder rights, promote equitable treatment, strengthen board effectiveness, and integrate sustainability and resilience into their strategy. The Five Golden Arrows represent the highest possible level of recognition, reserved for institutions that scored 115 points and above under the ACGS.
“This recognition underscores Globe’s steadfast pursuit of excellence in governance, which is a cornerstone of how we drive long-term value, build stakeholder trust, and navigate the dynamic business environment with integrity,” said Marisalve Ciocson-Co, Globe’s Chief Compliance Officer, Senior Vice President for Legal and Compliance, and Assistant Corporate Secretary.
This year’s achievement reflects Globe’s adaptability under the updated Scorecard, which is aligned with the internationally recognized G20/OECD Principles of Corporate Governance. The new framework introduces enhanced measures on shareholder rights, board responsibility, and sustainability disclosures, highlighting Globe’s leadership amid evolving priorities in digital transformation and sustainability.
The recognition also mirrors the strong governance culture across the Ayala Group, with Ayala Corporation likewise earning Five Golden Arrows this year. Globe’s recent celebration of its 50th year listing further underscores its enduring commitment to excellence.
Carl Cruz, Globe President and CEO, acknowledged the collective effort: “This important citation would not be possible without the tireless dedication and commitment of our Compliance, Sustainability, and Audit teams. We accepted this award on behalf of every Globe employee who upholds Globe’s purpose and values every day. Likewise, this accomplishment is a testament to the strong governance culture that flows from our major shareholders, Ayala Corporation and Singapore Telecom.”
As Globe continues to advance digital transformation, it remains firmly anchored on the principles of good governance, ensuring that innovation, growth, and responsibility will move the company forward.
