CHINA Banking Corp. (China Bank) was recently awarded the “Five-Golden Arrow Recognition,” the highest corporate governance award given by the Institute of Corporate Directors (ICD) to the country’s top publicly-listed companies (PLCs) based on the 2021 Asean Corporate Governance Scorecard (ACGS) assessment results.
China Bank achieved a score of 120 to 130 points. The award follows the bank’s recognitions from the Asean Capital Markets Forum as among the Top 20 in Asean and Among the Top 3 in the Philippines in corporate governance.
It was also cited as an Asean Asset Class. ICD recognized a total of 85 out of 264 publicly-listed companies for achieving a score of 80 points and above in the most recent ACGS assessment.