Shell Pilipinas Receives Two Golden Arrows from the Institute of Corporate Directors
Oct 31, 2023
Shell Pilipinas Corporation (SPC) was awarded two golden arrows by the Institute of Corporate Directors (ICD) on September 28, 2023. The Golden Arrow recognition is given to top publicly listed companies (PLCs) in the country that meet the score requirements on corporate governance.
(L-R) Erwin Orocio, Corporate Secretary, Shell Pilipinas Corporation; Rey Abilo, Vice President for Finance, Treasurer and Chief Risk Officer, Shell Pilipinas Corporation; President and CEO Lorelie Quiambao-Osial, Shell Pilipinas Corporation, Angelica Castillo, Investor Relations Manager, Shell Pilipinas Corporation; and Vincent Juan, Legal Counsel and Corporate Compliance Lead, Shell Pilipinas Corporation
The ICD's Golden Arrow Awards, a biennial program, celebrates PLCs for their exceptional corporate governance practices. This esteemed recognition hinges on the outcomes of the ICD's ASEAN Corporate Governance Scorecard (ACGS), a self-assessment tool enabling PLCs to gauge their corporate governance performance against international benchmarks.
The award is a testament to Shell’s commitment to transparency, accountability, and fairness in its business practices, which is aligned with the Philippine Corporate Code and the Securities and Exchange Commission’s Code of Corporate Governance.
As Shell Pilipinas continues to power progress for the Philippines, the company adheres to its corporate governance framework designed to protect the interests of all stakeholders, including shareholders, employees, customers, and suppliers.