CORPORATIONS AWARDED FOR

CORPORATE GOVERNANCE AND

CORPORATE SOCIAL RESPONSIBILITIES

Guarin, Julie Pearl

Hortilano, Katlene
BS Accountancy 4-1
CORPORATE PROFILE

BDO Unibank, Inc. (BDO) is a Philippine banking company based in Makati. In terms of
total assets, the firm is the largest bank in the Philippines, fifteenth largest in Southeast Asia,
116th largest in Asia, and the 234th largest bank globally as of March 31, 2016. BDO Unibank is
also a member of SM Group owned by the late Henry Sy. It is also the largest bank in the
country by market capitalization

BDO is a full-service universal bank in the Philippines. It provides a complete array of

industry-leading products and services including Lending (corporate and consumer), Deposit-
taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash
Management and Remittances in the Philippines. Through its local subsidiaries, the Bank offers
Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance,
Insurance Brokerage and Stock Brokerage services.

BDO’s institutional strengths and value-added products and services hold the key to its
successful business relationships with customers. On the front line, its branches remain at the
forefront of setting high standards as a sales and service-oriented, customer focused force. BDO
has the largest distribution network with over 1,300 operating branches and more than 4,000
ATMs nationwide.
AWARD RECEIVED
BDO’s Corporate Governance (CG) journey started with the belief that the key to long-
term sustainability and success largely depends on having a good name and reputation in the
market place. Beyond mere compliance, the years have transformed this belief into an integral
commitment, paving the way for the establishment of framework and policies as well as
committees and initiatives that keep the bank moving to the right direction and in a safe
manner.

BDO believes in the value of corporate governance—that it should be a central element

of a healthy, financially-sound and well-managed bank. Today, it is a key driver towards the
bank’s sustainable corporate growth and long-term value creation, as it is intrinsically linked to
its corporate vision and core values.

Corporate Governance Asia awarded BDO with the Asia’s Icon on Corporate Governance
for the 14th time last April 2019. The icon award recognizes the best of the best in corporate
governance (CG) in Asia for setting the benchmark of what CG should be.
The country’s largest bank also took home the Asia’s Outstanding Company on
Corporate Governance Award for its consistently high CG standing, while BDO Chairperson
Teresita Sy-Coson and President & CEO Nestor V. Tan were co-awarded with the Asian
Corporate Director Recognition Award for their exemplary leadership.
BDO’s CG practice is recognized as one of the best in the Philippines. With a high score
on the ASEAN CG Scorecard, the bank is one of the Top 50 ASEAN Publicly-Listed Companies in
Corporate Governance. Having an award-winning CG practice bodes favorably among foreign
investors. BDO has received an over subscription in its capital market offerings, one of the clear
indications that it is a good credit risk as an issuer.
CORPORATE PROFILE

ABS-CBN Corporation, commonly known as ABS-CBN, is a Filipino media and

entertainment group based in Quezon City, Philippines. It is the Philippines' largest
entertainment and media conglomerate in terms of revenue, operating income, net income,
assets, equity, market capitalization, and number of employees. ABS-CBN was formed by the
merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN).

ABS-CBN Corporation is the Philippines' leading media and entertainment organization.

It is primarily involved in content creation and production for television, online, and over-the-
top platforms, cable, satellite, cinema, live events, and radio for domestic and international
markets. ABS-CBN also operates various platforms including domestic television, radio
networks, worldwide OTT, and online platforms. It also has interests in cable, satellite, and
broadband systems in the Philippines, as well as in music and music publishing, consumer
products and licensing, multimedia services, magazine and book publishing, production and
post production services, telecommunication services, money remittance, cargo forwarding, TV
shopping services, food and restaurant services, theme park development and management,
property management, and cinema management.

ABS-CBN recognizes the importance of corporate governance in enhancing the

stakeholders’ interests in the Company. Its Board of Directors commits itself to the principles of
good corporate governance. ABS-CBN Lingkod Kapamilya Foundation, Inc. (previously ABS-CBN
Foundation, Inc.) is a committed advocate for public service in strategic sector of Philippine
society. AFI aims to awaken hope in the Filipino through implementing projects via multi-
sectoral partnerships in the spirit of bayanihan. These are in child care and protection,
education, environment, disaster management and community development. It is the public
service arm of ABS-CBN Broadcasting Corporation, one of Asia's biggest media conglomerates.
It draws on the relationship to tap into the
creativity and reach of media for its various
programs. AFI serves with the highest standards of
excellence, professionalism, integrity and
accountability.

AWARD RECEIVED

For the second straight year, ABS-CBN

Corporation was honored by the Institute of
Corporate Directors (ICD) as one of the top-
performing companies of 2009 in terms of
corporate governance and compliance practices.

ABS-CBN, the only multimedia company to win the recognition for two consecutive
years, is among the 30 companies that scored highly and at par with international standards.

The annual event aims to promote transparency, accountability and the general practice
of good corporate governance in all publicly-listed companies in the Philippines. Various
corporations from different sectors were graded based on the rights of shareholders, equitable
treatment of shareholders, role of stakeholders, disclosure and transparency and board
responsibilities in the company.

https://www.philstar.com/entertainment/2010/05/30/579314/abs-cbn-wins-another-
corporate-governance-award#kr45r7zLTcTZ4HSu.99

https://www.bdo.com.ph/news-and-articles/BDO-Corporate-Governance-Asia-Icon-2019