Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, has once again solidified its commitment to excellence in corporate governance by earning its sixth consecutive Golden Arrow Award based on the 2023 ASEAN Corporate Governance Scorecard (ACGS).
The Golden Arrow Recognition is given to companies that that demonstrate observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices.
Sun Life Grepa’s consistent recognition over the past six years underscores its leadership in fostering responsible corporate management. “We are honored to receive the Golden Arrow Award once again. This recognition affirms our commitment to upholding the highest governance standards and continuously improving our practices to better serve our clients, partners, and stakeholders,” said Sun Life Grepa President Richard S. Lim. “At Sun Life Grepa, we believe that good governance is built on integrity, transparency, and ethical leadership. This is essential to ensuring sustainable growth and contributing to the broader development of the financial services sector in the Philippines and beyond,” he added.
ACGS is a key framework for assessing and ranking the governance practices of publicly listed companies and insurance companies. It evaluates their effectiveness in protecting the rights of shareholders, ensuring equitable treatment of stakeholders, promoting transparency and fairness through the disclosure of material information, and enhancing the overall performance of the board.
Launched in 2011, the ACGS plays a crucial role in strengthening corporate governance standards across the region, supporting ASEAN’s goal of deeper economic integration.