The Market Monitor Minding the Nation's Business
Security Bank Corp. (SBC) has received multiple honors from Corporate Governance Asia for its high ethical business standards.
Corporate Governance Asia represented by Managing Director and Publisher Aldrin Monsod recently handed over to Security Bank President Yogi Salcedo a trophy recognizing the lender as the Icon on Corporate Governance for 2010 to 2015.
Security Bank has been a consecutive winner of this much-coveted distinction, considered as the highest accolade given by the organization to companies who have consistently made it to the honor roll of the annual awards for Excellence in Corporate Governance.
The award is only given to “the best of the best in corporate governance in Asia as they uphold the highest standards in business practices.”
Security Bank received the award for four years in a row—2010 to 2014.
Monsod also presented the award, which recognized former Security Bank Chairman Alberto Villarosa as 2015’s Asian Corporate Director of the Year.
The award recognizes outstanding corporate directors from boards of public and private companies in Asia who have effectively guided their boards and executive management in effectively growing their businesses while maintaining ethics.
In 2014, Security Bank was also honored with the Asian Corporate Director of the Year award, recognizing Security Bank Chairman Emeritus Frederick Dy.
On the same occasion, Corporate Governance Asia turned over to Security Bank’s senior management team several copies of the book, Roadmap to Corporate Governance Asia: Inside the Best Corporates in Asia / 11th Corporate Governance Asia Recognition Awards 2015.
This benchmark book project inspires a new generation of corporations and leaders in Asia in championing corporate governance.
Distributed globally, the book highlights Asia’s brightest companies who continue to push the boundary of practicing the highest standards of corporate governance. Copies of the book will be donated by Security Bank to top business schools in the country.