ICTSI cited for responsible stewardship

International Container Terminal Services, Inc. (ICTSI) was recently recognized as one of the top publicly listed companies (PLCs) in the Philippines based on the ASEAN Corporate Governance Scorecard (ACGS).

Lauded for its 2019 results, ICTSI was recognized for exhibiting best practices in the following areas under the ACGS: board responsibility, disclosure and transparency, rights of shareholders, equitable treatment of shareholders, and role of stakeholders.

The ACGS is an assessment tool used in six participating ASEAN countries–Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam–to improve CG standards and practices of PLCs. It also promotes well-governed ASEAN PLCs as an investment asset class. 

Benchmarked against international best practices, the ACGS’ rigorous methodology provides foreign investors and external fund managers with comparable information with which to base their investment decision-making process.

Arthur R. Tabuena, Treasury Director and Head of Investor Relations, and Atty. Carmeline C. Viniegra, Manager, Global Corporate Legal Affairs and Governance, received the award on behalf of the Company in a virtual ceremony last 19 February 2021.

Tags