The Jollibee Group has won the Corporate Governance Award for the third year in a row

Outstanding Corporate Governance. Atty. Vem King, Jollibee Group’s Associate General Counsel, EMEAA, Corporate & Commercial Global, and Legal Business Partner Global and Philippines, (2nd from left), receives the Golden Arrow Award on behalf of the Company during the recently held ASEAN Corporate Governance Scorecard Awards by the Institute of Corporate Directors. This is the third consecutive year that the Jollibee Group has been cited for its strong corporate governance practices.

For the third year in a row, the Jollibee Group has received the Institute of Corporate Directors’ (ICD) 1-Golden Arrow Recognition, enhancing its standing as a company with good governance, accountability, and transparency. The honor, which was given out at the most recent Golden Arrow Awards, demonstrates the business’s ongoing dedication to maintaining the greatest standards of moral leadership and corporate responsibility.

“Receiving this award for the third year in a row reflects the Jollibee Group’s dedication to doing business the right way—responsibly, transparently, and with integrity. It also affirms our commitment to corporate governance and sustainability, as we continue our journey towards becoming one of the top five restaurant companies in the world,” said Jollibee Group Global Chief Legal, Ethics and Compliance Officer Atty. Valerie Feria Amante.

The ASEAN Corporate Governance Scorecard (ACGS), which measures adherence to corporate governance principles, is used by the Golden Arrow Awards to assess publicly traded corporations within the region. Businesses that receive a score of 80 points or more, such as Jollibee Group, are granted the coveted Golden Arrow, which denotes their adherence to both international best practices and the Philippine Code of Corporate Governance.

The ACGS evaluates corporate governance performance in a number of important categories, including transparency, fair treatment of stakeholders, shareholder rights, and the board’s function in strategic leadership and supervision. By highlighting well-run businesses, the scorecard seeks to improve governance standards in the Philippines and draw in long-term investment.