Concepcion Industrial Corporation received recognition from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards Night on January 20, 2023. The award recognizes the country’s top publicly listed companies that have “exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS.”
CIC’s corporate governance framework is rooted in the strict adherence to the highest ethical standards at all levels of the business and in ensuring transparency and accountability through timely disclosure of information such as annual reports and minutes of shareholders’ meetings, among others.
“CIC believes that public trust is key to long-term sustainability. With that in mind, our responsibility to protect the interest of our shareholders and investors is a commitment that drives us to consistently strengthen our corporate governance practices. We will continue to uphold the highest business standards so we can provide our shareholders, business partners and customers with products and services they can trust.” said Rafael C. Hechanova, Jr., EVP and Chief Communications Officer
This recognition affirms CIC’s withstanding commitment to the principles of good corporate governance. CIC is one with ICD in its advocacy to raise the overall standards of ASEAN publicly-listed companies to promote the ASEAN region as a wise investment destination.