In an event that recognizes excellence in corporate governance, AllHome Corp. bagged its first Arrow award at the 2023 ACGS Golden Arrow Awards ceremony held last September 28 at the prestigious Okada Manila.
The achievement underscores the company’s unwavering commitment to transparency, accountability, and responsible corporate practices.
AllHome Corp., a leading home improvement and construction supplies retailer in the Philippines, demonstrated its dedication to exemplary corporate governance by surpassing the 80-point threshold in both assessments. This proves that the company not only complies with legal and regulatory standards, but also consistently strives for excellence in corporate governance.
AllHome’s journey to winning the Golden Arrow Recognition reflects its continuous efforts to enhance transparency, accountability, and ethical conduct within the organization.
The company’s commitment to these principles sets a positive example for other businesses in the Philippines and the broader Asian region.
AllHome’s board of directors, executives, and employees have worked tirelessly to ensure that corporate governance remains a core element of the company’s business strategy.
The recognition best exemplifies AllHome’s adoption of best practices that makes it at par with companies who contribute to a stronger and more robust corporate governance culture in the region.
The Asian Corporate Governance Society (ACGS) and Corporate Governance Scorecard (CGS) assessments serve as critical tools for evaluating a company’s corporate governance performance.
The ACGS annually organizes the Golden Arrow Awards to recognize and honor companies that exhibit exceptional corporate governance practices.
They consider various factors, such as board composition, transparency, shareholder rights, and social responsibility, to provide a comprehensive view of a company’s adherence to best practices.
AllHome Corp.’s triumph at the 2023 ACGS Golden Arrow Awards is a well-deserved recognition of its outstanding corporate governance practices.
To qualify for this esteemed recognition, companies must achieve a score of at least 80 points in both the ACGS and CGS assessments. The corporate governance performance of a company is meticulously evaluated based on these scores, and the higher the score, the greater the number of golden arrows with which the company is honored.
The Institute of Corporate Directors Philippines is a non-stock, nonprofit national organization consisting of more than 400 corporate directors and stakeholders involved in matters related to corporate governance. It plays a pivotal role in promoting best practices within the Philippine corporate landscape. The organization’s expertise and guidance have contributed to AllHome’s remarkable achievement in corporate governance.