First Gen VP Rachel Hernandez, Lopez Holdings VP Maria Amina Amado and ABS-CBN CFO Aldrin CerradoThree Lopez Group member companies were recognized among the top 48 publicly listed companies (PLCs) in the Philippines using the ASEAN Corporate Governance Scorecard (ACGS).
In ceremonies on June 11, 2019 graced by Securities and Exchange Commission (SEC) chairman Emilio Aquino, the Institute of Corporate Directors (ICD) awarded ABSCBN Corporation, First Gen Corporation and Lopez Holdings Corporation for being among top performers in the country.
The ACGS is an instrument for the assessment and ranking of PLCs in six participating ASEAN countries: Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. It aims to raise corporate governance standards and practices among ASEAN PLCs, making well governed ASEAN PLCs attractive to investors and promoting ASEAN as an investment asset class. The ICD is the SEC-appointed domestic ranking body for the ACGS.
The three companies scored 80 or higher to be included in the roster. ABS-CBN chief financial officer Aldrin Cerrado, First Gen vice president and corporate secretary Rachel Hernandez and Lopez Holdings vice president and compliance officer Maria Amina Amado received the honors for the respective winning Lopezled PLCs.
SEC chairman Emilio Aquino