The Philippine Securities and Exchange Commission, acting as chair and secretariat of the ASEAN Capital Markets Forum Working Group on Corporate Governance, participated in the 2025 ASEAN Corporate Governance Conference and Awards in Kuala Lumpur and highlighted outcomes from the latest regional corporate governance assessment. The awards recognised top-performing publicly listed companies based on the 2024 ASEAN Corporate Governance Scorecard assessment, which was the first to apply a revised scorecard aligned with the 2023 G20/OECD Principles of Corporate Governance and placing greater emphasis on sustainability, board effectiveness, and stakeholder engagement. A total of 569 listed companies across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam were evaluated using publicly available disclosures; the SEC cited an increase in ASEAN Asset Class qualifiers from 135 in 2019 to 250 this year. Six Philippine companies placed in the ASEAN Top 50, while 35 received ASEAN Asset Class distinctions for scoring at least 97.5 points, equivalent to 75% of the maximum 130 points under the scorecard.
Philippine Securities and Exchange Commission 2025-08-05
Philippine Securities and Exchange Commission highlights revised ASEAN Corporate Governance Scorecard results at 2025 ASEAN Corporate Governance Awards
The Philippine Securities and Exchange Commission, chair of the ASEAN Capital Markets Forum Working Group on Corporate Governance, participated in the 2025 ASEAN Corporate Governance Conference and Awards in Kuala Lumpur. The event recognized top-performing publicly listed companies based on the 2024 ASEAN Corporate Governance Scorecard, now aligned with the 2023 G20/OECD Principles, emphasizing sustainability and stakeholder engagement. Six Philippine companies ranked in the ASEAN Top 50, and 35 received ASEAN Asset Class distinctions.