The ASEAN Corporate Governance Scorecard (ACGS), created by the ASEAN Capital Markets Forum (ACMF), was launched in 2011 as one of the initiatives to prepare for the ASEAN economic integration in 2015. ACGS is an instrument for assessing and ranking publicly-listed companies (PLCs) in six participating ASEAN countries, namely: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.
The ACGS is based on the corporate governance principles of the Organisation for Economic Co-operation and Development (OECD) and is composed of two levels: Level 1 contains the main Scorecard items and Level 2 contains the bonus and penalty items. Through the standardized evaluation of corporate governance practices and principles the Scorecard provides, the initiative aims to raise the overall corporate governance standards of PLCs in the region, to increase their visibility to investors, and to promote the ASEAN as a wise investment destination.
The ACGS evaluation is assigned by the ACMF to domestic ranking bodies (DRBs) in each ASEAN participating countries, followed by a peer review conducted by the DRBs for participating neighboring countries in the region. Top PLC performers are announced at the ACGS awarding ceremonies.
Globe has been consistently recognized as one of the top Philippine PLCs since the 2015 ACGS run. It is our hope that Globe will continue to be part of this prestigious recognition to further strengthen the Philippine capital market presence in the region and show that the Philippine economy is composed of well-governed PLCs.