(08 July 2019, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, was awarded with Four Golden Arrows by the Institute of Corporate Directors’ (ICD) during the ACGS Golden Arrow Recognition Ceremony held last June 11 at the Conrad Manila, Pasay City.
SM Prime received Four Golden Arrows recognition for scoring 110-119 points in its ACGS Scorecard. The ACGS Golden Arrow Recognition is given to publicly listed companies (PLCs) that earned a score of 80 points or higher and are considered as one of the top performing companies under the ACGS.
Along with SM Prime, nine other SM companies, including its parent company, SM Investment Corporation (SMIC), were cited among the top PLCs in the Philippines as reflected in its ACGS score from ICD’s 2018 domestic assessment. These companies also received Golden Arrow recognition that night.
The ASEAN Corporate Governance initiative comprising the ASEAN Corporate Governance Scorecard aims to raise corporate-governance standards and practices in the region and enhance the value of well-governed ASEAN companies.
SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.
For further information, please contact:
Vice President, Investor Relations
SM Prime Holdings, Inc.
Tel. no.: +632 862 7940