Globe Telecom named Asia's Outstanding Company on Corporate Governance

Globe Telecom was recognized as one of Asia's Outstanding Company on Corporate Governance at the 9th Corporate Governance Asia Recognition Awards. The recognition was given by the Corporate Governance Asia, a Hong Kong based magazine specializing in corporate governance issues in the region. More details after the jump.

The award is designed to inspire excellence among the different layers in corporate hierarchy, especially as Asia continues to gain further recognition in the global arena as a favored investment destination in view of its robust economic growth.

"Globe Telecom strongly believes that integrity, accountability and transparency in all aspects of the business are crucial ingredients to the company's success. These are the principles that make up the company's foundation to achieving its mission, vision and goals," said Carmina Herbosa, Globe Head for Internal Controls.

"Over the years, Globe Telecom has steadily advanced in its practice of corporate governance and this is a tribute to the company's commitment towards accountability and transparency," she stressed.

The Outstanding Company for Corporate Governance Award is given to a company with a publicly-acclaimed track record for corporate governance and is involved in a specific publicly-known activity related to improving or enhancing the standards of corporate governance during the past 12 months.

The awardee must have implemented significant and specific corporate governance-related reforms during the past 12 months involving rights of shareholders, disclosure and transparency, corporate social responsibility and environmental practices, among others.

The award recognizes companies that excel in corporate governance across Asia. They include companies from Singapore, Thailand, Malaysia, India, Indonesia, South Korea, Japan, Vietnam and the Philippines.

In December last year, Globe bested 247 other listed companies in the country to win the first ever Bell Award for Corporate Governance given by the Philippine Stock Exchange.

The recognition follows a similar citation from Hong Kong publishing giant FinanceAsia where Globe also garnered high marks in the Best Corporate Governance category.

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