Security Bank Corporation (PSE:SECB) received the Best in Compliance with Philippine Financial Reporting Standards among Financial Institutions award at the recently concluded 6th Management Association of the Philippines (MAP) Best Annual Report (BAR) awarding ceremony. The 2007 Annual Report “Executing the Vision as One”, also received the Anvil Award of Excellence and the Philippine Quill Award of Merit, completing the grand slam win for Security Bank.
The BAR Awards, a prestigious event mounted by MAP in cooperation with the Philippine Stock Exchange (PSE) and BusinesssWorld Publishing Corp., recognize companies that bring financial reporting and disclosure practices a notch higher in international standards. Annual reports submitted by publicly-listed companies are evaluated and weighed based on compliance and disclosure, corporate governance, user-friendliness and aesthetics.
Security Bank bested more than 50 publicly-listed companies to receive one of the six major awards under the rigid selection criteria, proving once more its consistent exemplary performance both in corporate governance and customer relations.
“Transparency is crucial in strengthening the stakeholders