Institute of Corporate Directors honors Pinoy firm InLife for corporate governance

The Institute of Corporate Directors (ICD) has recognized Philippine companies for its good corporate governance practices, based on the ASEAN Corporate Governance Scorecard (ACGS).

The ASGS provides a rigorous methodology benchmarked against international best practice to assess the corporate governance performance of publicly listed companies in the six participating ASEAN member countries.

Among the firms honored during the ICD's 2019 ACGS virtual awarding ceremony was Filipino-owned mutual life insurer Insular Life, which was given 4-Golden Arrows.

During the ceremony, Insular Life Executive chair Nina Aguas said InLife takes good corporate governance seriously because it is primarily accountable to its policyholders.

“It takes serious commitment, discipline and consistent action among our leaders, starting with our Board of Trustees, the Governance Committee, senior management, and key officers as the principal drivers in this journey. They lead the way to shaping and reinforcing a culture of good corporate governance, and they set good examples for the rest of the InLifers. The tone is set from the top,” Aguas said in a statement.

This is the third consecutive time InLife was recognized during the ceremony. In 2017 and 2018, the company earned 3-Golden Arrows Award. -MDM, GMA News