ABS-CBN Broadcasting Corporation has been cited as one of the top performing companies in terms of corporate governance for 2008 in the 4th Corporate Governance (CG) Scorecard Project by the Institute of Corporate Directors (ICD)
Fifteen (15) companies were selected out of 138 shortlisted companies which are graded based on the following criteria:
Rights of Shareholders
Equitable Treatment of Shareholders
Role of Stakeholders
Disclosure & Transparency
Board Responsibilities
It was indeed a great feat for ABS-CBN as it is the only multimedia company to be included in the Top 15 list.
Here's the country's Top 15 Companies with Outstanding Corporate Governance in 2008:
(in alphabetical order)
Aboitiz Equity Ventures
ABS-CBN Broadcasting Corp. & Subsidiaries
Ayala Corporation
Ayala Land Inc.
Bank of the Philippine Islands (BPI)
Cebu Holdings, Inc.
Cebu Property Ventures and Dev. Corp.
Centro Escolar University (CEU)
Energy Development Corporation
First Philippine Holdings Corp.
Globe Telecom
Manila Water Company Inc.
Petron Corporation
Phil. Long Distance Telephone (PLDT) Company
Semirara Mining Corporation
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