Five Consecutive Years of Five Golden Arrows Cement Leadership in Corporate Governance
Globe has once again demonstrated its unwavering commitment to the highest standards of corporate governance, earning Five Golden Arrows from the Institute of Corporate Directors (ICD) and the ICD’s first-ever Hall of Fame Award having consistently received Five Golden Arrow Award for the fifth consecutive year. This remarkable milestone highlights Globe’s outstanding and sustained leadership in upholding transparency, accountability, shareholder protection, and responsible business leadership.
“It is truly an honor to be recognized for our commitment to corporate governance and its principles and best practices. And to be recognized consistently for it for 5 consecutive years is such a profound privilege. It is a testament to our relentless determination to embed a governance culture in the organization alongside our business.” said Marisalve Ciocson-Co, Globe’s Chief Compliance Officer and Senior Vice President for Legal and Compliance.
The distinction recognizes Globe's performance as a publicly listed company under the ASEAN Corporate Governance Scorecard (ACGS), which evaluates shareholder rights, sustainability and resilience, transparency, and board accountability. Five Golden Arrows is reserved strictly for publicly listed companies with a score of 115 points or higher.
To achieve this top-tier rating consistently for five straight years underscores Globe’s ability to maintain high governance standards under an updated ACGS framework aligned with the G20/OECD Principles of Corporate Governance, which demands, among others, elevated transparency on sustainability, digital governance, and ESG integration.
Globe’s half-decade track record as a Five Golden Arrow Awardee is preceded by earlier recognitions dating back to 2012, when it became the only telecommunications company recognized at the Philippine Stock Exchange Bell Awards for Excellence in Corporate Governance. Over the years, it continued to receive distinctions for corporate governance, including Top 20 Publicly Listed Companies in the ASEAN Corporate Governance Awards, Top Performing Publicly Listed Company in the Philippines.
“At Globe, our purpose anchors everything we do: we treat people right to create a Globe of Good. That means protecting shareholders’ rights, being transparent and accountable in our decisions, and taking responsibility for the service our customers depend on. The same purpose guides how we govern and how we serve,” said Carl Cruz, Globe President and CEO.
The recognition also reflects the strong governance culture across the Ayala Group, with Ayala Corporation and Bank of the Philippine Islands likewise earning Five Golden Arrows this year. For Globe, maintaining the highest distinction for five consecutive years reinforces the importance of sound governance in supporting responsible innovation, sustainable growth, and long-term business success.
Public Company Information:
PSE: GLO
