ABS-CBN Among Philippines' Top 15 Companies with Good Corporate Governance

Sunday, May 24, 2009 , Posted by JED at 9:14:00 PM

ABS-CBN Broadcasting Corporation is the only multimedia company to be included in the list of 2008 Top Performing Companies in terms of Corporate Governance in the 4th Corporate Governance (CG) Scorecard Project by the Institute of Corporate Directors (ICD).

Fifteen (15) companies were selected out of 138 shortlisted companies which are graded based on the following criteria:

Rights of Shareholders
Equitable Treatment of Shareholders
Role of Stakeholders
Disclosure & Transparency
Board Responsibilities

Here are Philippines Top 15 Companies with Outstanding Corporate Governance in 2008 (in alphabetical order):

Aboitiz Equity Ventures
ABS-CBN Broadcasting Corp. & Subsidiaries
Ayala Corporation
Ayala Land Inc.
Bank of the Philippine Islands (BPI)
Cebu Holdings, Inc.
Cebu Property Ventures and Dev. Corp.
Centro Escolar University (CEU)
Energy Development Corporation
First Philippine Holdings Corp.
Globe Telecom
Manila Water Company Inc.
Petron Corporation
Phil. Long Distance Telephone (PLDT) Company
Semirara Mining Corporation

Source: ABS-CBN

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