Photo shows Manuel Gana, Belle Corporation President and Chief Executive Officer; proudly representing the Company after winning the prized Four Governance Golden Arrows under the ASEAN Corporate Governance Scorecard assessments.
Belle Corporation (Belle) and listed companies under its corporate umbrella, namely Premium Leisure Corp. (PLC) and Pacific Online Systems Corporation (Pacific Online) achieved Golden Arrow Awards for posting high marks in the ASEAN Corporate Governance Scorecard (ACGS) during virtual ceremonies held on February 19, 2021.
Belle notched the prestigious four arrows, joining an elite group of Philippine corporates, while PLC and Pacific Online received the three-arrow and two-arrow recognitions, respectively, for their exemplary governance efforts.
“On behalf of the Shareholders, Board of Directors, Management, employees and other stakeholders in the Belle Group, I would like to thank the Institute of Corporate Directors (ICD) for this coveted award. At Belle, we used corporate governance not merely as a system replete with stringent rules and regulations, but as a mantra to ensure that all decisions and corporate actions are done with proper accountability, financial prudence and environmental and social responsibility,” said Willy Ocier, Belle Chairman, in his pre-recorded message during the awarding ceremonies.
ACGS is a regionally renowned assessment program that set standards and assign scores to companies that adopt and implement best corporate governance principles and practices. According to the ICD, the arrows pointing up “symbolize the continuing efforts of publicly listed companies to raise the level of compliance with the ASEAN corporate governance principles.”
About Belle Corporation
Belle Corporation is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corporation (Melco). In addition to lease income, Belle is accorded a share in revenues or earnings from City of Dreams Manila’s gaming operations through the operating agreement between its 78.7%-owned subsidiary, Premium Leisure Corp., and Melco. Belle also owns approximately one hectare of presently undeveloped land across from the City of Dreams Manila site.
South of Metro Manila, Belle owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential communities of Tagaytay Highlands and Tagaytay Midlands, as well as a further 800 hectares intended for future development.
Carlo Climaco, Belle Integrated Resorts Senior Assistant Vice President, receives PLC’s three-arrow citation.
Mischel Mendoza (top photo), Pacific Online Corporate Planning Head; and Anna Esteban, Pacific Online Internal Audit Head, receive the Company’s two-arrow award.