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Manual on Corporate Governance

Code of Conduct and Business Ethics

Integrated Annual Corporate Governance Report

Board Committees and Charters

Internal Audit Charter

Enterprise Risk Management

ASEAN Corporate Governance Scorecard

Company's Policies

2019 SMPC Annual and Sustainability Report


Corporate Governance > ASEAN Corporate Governance Scorecard

ASEAN Corporate Governance Scorecard

15th Highest Scoring

Top 100 Philippine PLCs by Market Capitalization Ranking

2018 ASEAN Corporate Governance Scorecard (ACGS)

Semirara Mining and Power Corporation (SMPC)


SMPC adheres to the recommended practices of the ASEAN Corporate Governance Scorecard (ACGS) on Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency, and Responsibilities of the Board. The ACGS is a corporate governance tool initiative of the ASEAN Capital Markets Forum measuring the governance practices among the ASEAN Publicly-Listed Companies based on the five OECD Principles of Corporate Governance. 



The 2018 ACGS Run assessment by the Philippines’ Securities and Exchange Commission and the Institute of Corporate Directors found that SMPC's performance results is higher than the total average scores of 247 PLCs and PLCs under the Mining Sector. It ranked 15th among the Top 100 PLCs according to market capitalization (12th in 2017) and ranked 2nd in the Mining Sector. On June 11, 2019 SMPC received 3 golden arrows at the ACGS Golden Arrow Recognition Ceremony for scoring 100.35 total points for the 2018 ACGS Run assessment.


SMPC's consonance with the ASEAN Corporate Governance Scorecard best practices are further detailed in our ACGS microsite.