STRONG corporate governance happens behind the scenes, and it shapes how a bank makes decisions, manages accountability and earns trust of the people it serves. This year marks the third consecutive year that UnionBank of the Philippines (UnionBank) was recognized with Four Golden Arrows for its exemplary corporate governance practices by the Institute of Corporate Directors (ICD).
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.
For customers, these governance standards matter because accountability, ethical decision-making and transparency shape a stronger and more resilient bank. They provide a foundation for responsible decisions around the products, services and operations customers trust, while helping sustain the confidence of customers and stakeholders.
“Good governance matters most when the choices are difficult,” says 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.”
Advancing its customer-focused growth and NextGen banking initiatives, UnionBank’s strong governance Four Golden Arrow recognition provides an important foundation to building more customer trust.