Sun Life Grepa Financial, Inc. was recently recognized in the ASEAN Corporate Governance Scorecard (ACGS) Awards organized by the Institute of Corporate Directors.
Sun Life Grepa was conferred with a One-Arrow Recognition during the ACGS Golden Arrow Awarding Ceremony on February 19, 2021. The Golden Arrow Recognition is given to publicly-listed and insurance companies that earned a score of 80 points or higher, which exemplifies sound corporate governance and responsible management practices.
“This award shows how we truly take corporate governance seriously. It shows our commitment in helping build an environment of trust, transparency, and accountability to our stakeholders, which are all necessary for fostering financial stability and business integrity,” said Richard S. Lim, president of Sun Life Grepa. “This is yet another milestone for Sun Life Grepa as it continues to help Filipino achieve lifetime financial security and live healthier lives. The increased pressure of the pandemic will not hinder us to effectively carry the business.”
Created by the ASEAN Capital Markets Forum, ACGS is an instrument for assessing and ranking publicly-listed and insurance companies in six participating ASEAN countries of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam in their commitment to sound corporate governance. Its rigorous methodology, benchmarked against international best practices, provides foreign investors with comparable information from which to base their investment decision-making process. The ACGS was launched in 2011 as one of the initiatives for the ASEAN economic integration.
Sun Life Grepa had previously received an ACGS award in 2018.