Strong corporate governance happens behind the scenes and it shapes how a bank makes decisions, manages accountability, and earns the trust of the people it serves. This year marks the 3rd consecutive year that UnionBank of the Philippines (UnionBank), was recognized for its exemplary corporate governance practices by the Institute of Corporate Directors (ICD) as a Four Golden Arrows awardee.
The Golden Arrow Awards recognize publicly listed companies based on their performance under the ASEAN Corporate Governance Scorecard (ACGS), a regional assessment of corporate governance practices. The scorecard looks at areas including shareholder rights, disclosure of business information, risk management and board oversight. UnionBank’s Four Golden Arrows places the Bank among a select group of organizations recognized for strong corporate governance practices.
For customers, these governance standards matter because accountability, ethical decision-making and transparency help support a stronger and more resilient bank. They provide a foundation for responsible decisions around the products, services and operations customers rely on, while helping sustain the confidence of customers and other stakeholders.
“Good governance matters most when the choices are difficult,” said Ana Aboitiz Delgado, UnionBank president and CEO. “It means weighing competing interests, making the call, and being accountable for the outcome. As UnionBank grows and the environment in which businesses operate becomes more complex, that discipline becomes even more important. We are grateful for this recognition and view it as an opportunity to reaffirm our commitment to building our customers’ trust through the decisions we make and every interaction we have with them.”
The recognition also reflects a broader emphasis on governance across the Aboitiz Group. At this year’s awards, Aboitiz Equity Ventures likewise received Four Golden Arrows, while Aboitiz Power Corporation received Three Golden Arrows.
As Union Bank of the Philippines advances its customer-focused growth and NextGen banking initiatives, strong governance provides an important foundation for how the Bank grows and innovates. The latest Four Golden Arrow recognition reinforces the role of integrity, accountability and transparency in building a bank that customers can continue to trust.
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