SM Prime Earns Third Consecutive Five Golden Arrows for Corporate Governance Excellence

SM Prime Holdings, Inc. (SM Prime) has once again earned the prestigious Five Golden Arrow Award from the Institute of Corporate Directors (ICD) for the third consecutive year. The recognition affirms the company’s continued commitment to transparency, accountability and responsible management practices.

SM Prime Holdings, Inc. received the Five Golden Arrow Award from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition held last October 23, 2025 at the Okada Manila Hotel. From Left to Right: ICD Chairperson Atty. Benedicta Du-Baladad; SM Prime Independent Director J. Carlitos G. Cruz; SEC Chairperson and CEO Atty. Francis Lim; and ICD Vice Chairperson Ida Ceniza-Tiongson.

“This Five Golden Arrow Award is a testament to the collective efforts of everyone at SM Prime. It reflects the company’s strong commitment to nurturing a culture of good governance built on integrity, fairness, accountability and transparency,” said J. Carlitos G. Cruz, SM Prime Independent Director, during the awarding ceremony.

“With the revised ASEAN Corporate Governance Scorecard placing stronger emphasis on sustainability, SM Prime has demonstrated its dedication to promoting social inclusion, environmental stewardship and economic advancement, ensuring sustainable and resilient growth for the communities it serves,” he added.

The ASEAN Corporate Governance Scorecard (ACGS) assesses publicly listed companies based on shareholder rights, sustainability and resilience, stakeholder relations, transparency through timely disclosures, and the effectiveness of the Board in guiding corporate strategy. The scorecard consists of 193 metrics based on publicly available information and aims to raise corporate governance standards in the Philippines while positioning local companies as attractive investment opportunities.

A Golden Arrow is awarded to companies that achieve a minimum score of 75 points in the ACGS assessment, signifying strong adherence to the Philippine Code of Corporate Governance and alignment with globally recognized best practices. Companies are rated across five levels of governance performance.

SM Prime continues to strengthen its governance framework as it expands its integrated property developments, fostering inclusive economic activity and community growth across the country. (SM PRIME)

ICD fetes SM with highest Golden Arrow recognition for excellence in corporate governance

From left to right: Atty. Pedro H. Maniego, Jr., Institute of Corporate Directors (ICD) Chairman; Atty. Roel A. Refran, Philippine Stock Exchange (PSE) Executive Vice President and Chief Operating Officer; Amando M. Tetangco, Jr., SM Investments Corporation Chairman; Emilio B. Aquino, Securities and Exchange Commission (SEC) Chairman; Ida Ceniza-Tiongson, and Ma. Victoria C. Españo, ICD Vice Chairperson and ICD Treasurer, respectively.

SM Investments Corporation was awarded the prestigious 5 Golden Arrow Award by the Institute of Corporate Directors (ICD), the highest recognition given during the ASEAN Corporate Governance Scorecard (ACGS) 2024 Golden Arrow Awards.

Only five companies received the 5 Golden Arrow Award, four of which were SM companies. Aside from SM Investments, also cited were BDO Unibank, Inc. (BDO), China Banking Corporation (China Bank), and SM Prime Holdings, Inc. (SM Prime).

“This recognition reflects the commitment and hard work of our entire organization,” said SM Investments Chairman Amando M. Tetangco, Jr. “From the board, management, our leaders and teammates—everyone consistently works to ensure we continue to adopt and uphold the highest standards in good corporate governance.”

SM Investments practices the highest standards of good corporate governance in all its dealings with investors, business partners, creditors, customers, employees and all other stakeholders. SM Investments believes that good corporate governance will provide the long-term growth and sustainability for the company. 

“We recognize the rising global attention on corporate governance and sustainability as part of companies’ business strategies. Beyond compliance, SM’s operations are anchored on fairness, integrity, accountability, transparency and stakeholder engagement,” SM Investments Executive Vice President and Chief Risk and Compliance Officer Elizabeth Anne “Lizanne” C. Uychaco said.

According to the ICD, the ACGS measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through timely disclosure of material information, and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders. The assessment is based on publicly available disclosures on the companies’ websites. (PR)

 

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com

For inquiries, please contact: smic_corpcomm@sminvestments.com