Aboitiz Equity Ventures receives four Golden Arrows for corporate governance

Aboitiz Equity Ventures Inc. (AEV) received four Golden Arrows from the Institute of Corporate Directors (ICD) at the 2026 Golden Arrow Awards, held at Makati Shangri-La, according to Mindanao Times.

Two other Aboitiz Group companies were also recognized. Union Bank of the Philippines received four Golden Arrows, while Aboitiz Power Corporation earned three.

The annual awards cite publicly listed companies that meet governance standards under the ASEAN Corporate Governance Scorecard (ACGS). The scorecard looks at how firms protect shareholder rights, disclose key information, manage risks and oversee their boards. This year's awards are based on the 2025 ACGS assessment, which covers governance practices and disclosures for 2024 operations. That assessment follows the 2023 Revised ACGS, which puts more weight on sustainability, business resilience, shareholder protection and board responsibilities.

AEV president and CEO Sabin M. Aboitiz said the group's approach to governance centres on its stakeholders. "Strong governance is not about what we write in our policies. It's about the decisions we make and how we conduct ourselves every day," he said.

AEV's businesses span power, banking and financial services, food and beverages, infrastructure and real estate.

ICD executive director Mardi Mapa-Suplido said at the ceremony that transparency, accountability and board oversight help companies build investor confidence and stay competitive. "Good governance is not just about compliance. It is about creating value," she said. She added that the institute wants Philippine companies to set the governance standard in the ASEAN region and beyond.