Less than a year before it turns 25, the Institute of Corporate Directors (ICD) is very much on pace with its 2024 vision of being widely recognized as the key catalyst in effecting positive change in the Philippine corporate governance ecosystem towards inclusive and sustainable development. With a clear-cut mission of advocating good governance
Less than a year before it turns 25, the Institute of Corporate Directors is very much on pace with its 2024 vision of being widely recognized as the key catalyst in effecting positive change in the Philippine corporate governance ecosystem towards inclusive and sustainable development.
The scorecard is composed of 184 questions based on publicly available disclosures on the companies’ websites. 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.
“ICD assessors work together with the Securities and Exchange Commission to monitor publicly-listed companies to encourage the companies’ strict adherence to the highest ethical standards at all levels of the business while ensuring transparency and accountability through timely disclosure of information such as annual reports and minutes of shareholders’ meetings, among others,” the ICD CEO said.
“That is why we want good corporate governance to cascade from PSE-listed companies down to MSMEs or even church and religious organizations because it will benefit the society and the Filipino people eventually,” he enthused. Looking into the membership make-up, ICD noted that most of its members are actually based in Metro Manila or working for companies operating mostly in NCR.
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