DMCI Holdings, SMPC honored anew for corporate governance excellence

Photo caption: Pictured from left to right Francisco A. Dizon (SMPC Independent Director), Herbert M. Consunji (DMCI Holdings Executive Vice President and Chief Finance Officer and SMPC Director), Ferdinand M. Dela Cruz (SMPC Lead Independent Director).

Integrated energy company Semirara Mining and Power Corporation (SMPC), and its parent company, DMCI Holdings, have been recognized with a 3 Golden Arrow award at the prestigious ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. Both companies have been consistent recipients of this award since 2019.

The awards, conferred by the Institute of Corporate Directors (ICD), honor publicly listed companies for exemplary adherence to the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as promoted by the ACGS.

“Our 3 Golden Arrow awards reflect our unwavering commitment to good corporate governance. We remain dedicated to upholding transparency, accountability, and ethical business practices to protect stakeholder value and support sustainable progress.” said DMCI Holdings and SMPC Chairman, Isidro A. Consunji.

The ACGS evaluates companies based on key performance areas, including the protection and equitable treatment of shareholders, fostering strong stakeholder relationships, promoting transparency and accountability through timely disclosure of material information, and the board’s effectiveness in providing strategic direction, overseeing management, and maintaining accountability to both the company and its shareholders.

On September 19, over 100 publicly listed companies and insurance companies were awarded during the in-person ceremony at the Manila Marriott Hotel.