ICD honors PBB in practicing good governance with its Golden Arrow Awards

September 25, 2024

For the second year in a row this year, Philippine Business Bank (PBB) was commended a Golden Arrow Award, which marks its compliance with corporate government standards and favorable standing with international best practices.

ICD presents the award to companies who have achieved a score of at least 80 points in the ACGS Assessment, which is composed of 184 questions based on publicly available disclosures on companies' websites. According to ICD, "it aims to raise the corporate governance standards and practices of the country and to make well-governed Philippine publicly listed companies and insurance companies attractive to investors."