Belle Corporation (Belle), affiliate APC Group, Inc. and subsidiary Pacific Online Systems Corporation (POSC) won golden arrows anew for being top performing companies in the Philippines under the ASEAN Corporate Governance Scorecard (ACGS) on October 23, 2015 at Okada Manila.
Belle received the prestigious four golden arrow award after obtaining a high ACGS score, while APC and POSC were recipients of the three-arrow and two-arrow accolades, respectively.
The Golden Arrow Awards, which has been organized by the Institute of Corporate Directors since 2019, has five levels of top performance in corporate governance based on a tiered scoring system with increasing number of golden arrows.
According to the ICD, the upward-pointing arrows “symbolize the continuing efforts of publicly listed companies to raise the level of compliance with the ASEAN corporate governance principles.”
