PNB wins coveted Four Golden Arrow in corporate governance

Receiving the award is PNB President Florido P. Casuela (third from left). With him are (from left) Atty. Emilio B. Aquino, Chairman of the Securities and Exchange Commission; Ma. Aurora D. Geotina-Garcia, FICD Vice-Chair & President of the Institute of Corporate Directors; Mr. Ramon S. Monzon, President and Chief Executive Officer of the Philippine Stock Exchange; and Atty. Cesar L. Villanueva, FICD Chairman of the Institute of Corporate Directors

30 January 2023 — Philippine National Bank (PSE: PNB) received the coveted Four Golden Arrow Award during the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards held on January 20.

PNB was among the 80 companies recognized by the Institute of Corporate Directors (ICD) for achieving at least 80 points in the ACGS Assessment. The bank was cited for exhibiting observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS.

“We are humbled by this recognition,” said PNB Chairman Federico C. Pascual. “We shall remain consistent in adopting the best practices in corporate governance as we serve the needs of our stakeholders.”

In 2022, PNB was awarded by the Asia Corporate Excellence and Sustainability Awards (ACES) as one of Asia’s Most Influential Companies. The award is given to companies that show genuine interest in the well-being of its stakeholders through corporate social responsibility initiatives that are integrated into policies and operations, with a high level of employee and top management involvement on community engagement, environment, and social empowerment programs. The bank was also recognized by a joint program of the European Union and the UN Women for its commitment to transparency and reporting that reflects gender data indicators.