Security Bank Recognized for Corporate Governance in Asia

Security Bank Corporation (SBC) won top awards in Corporate Governance Asia’s 7th Asian Excellence Awards on June 9, 2017 at the JW Marriott Hotel in Hong Kong. For the third time, SBC was recognized as “Best Investor Relations Company, Philippines” for its commitment in observing professionalism, transparency, accountability and fairness in engaging with shareholders and stakeholders.

 Cultivating a strongly engaged investor relations program

Security Bank recognizes the importance of good corporate governance in building lasting relationships with investors. Fundamentally, SBC maintains an investor relations program that keeps the investment community informed of important developments in the Bank.

In its journal, Corporate Governance Asia pointed out that “Time and again, Security Bank proactively encourages continuous discussions with its shareholders and institutional investors with an aim to further strengthen and support the attainment of the Bank’s corporate goals and objectives. Through consistent engagement and pinpointing areas for enhancement, Security Bank works closely with the investment community to increase shareholders’ value, ensure good corporate governance, comply with all relevant laws and regulations, and protect shareholders’ rights and minority interests”. 

Sustaining high standards of corporate governance 

Good corporate governance is integral to achieving SBC’s vision of becoming one of the top universal banks in the country. Equipped with a strong balance sheet, superior return on investment (ROI) and strategic partnership with Japan’s largest financial group, Mitsubishi UFJ Financial Group, Inc. (MUFG), Security Bank is able to sustain high standards of corporate governance in the Philippines.

Security Bank’s approach is well-rounded, building strengths in both the retail and wholesale businesses. The Bank’s Retail Banking business has a broad suite of products and services that address the needs of customers. On the other hand, SBC’s Wholesale Banking segment supports various infrastructure projects that contribute to nation building. The BetterBanking commitment is not limited to products and services. Financial literacy programs and economic forums are conducted to help clients and partners make informed business decisions.

The people are also integral in uplifting corporate governance in any organization. Security Bank ensures that it employs individuals who will continue to promote corporate governance and inspire best business practices. Leaders must use their expertise to develop the business and safeguard the trust of Security Bank’s stakeholders.  Accordingly, SBC President & CEO Alfonso L. Salcedo, Jr. was lauded once again as “Asia’s Best CEO for Investor Relations, Philippines” for exhibiting an exceptional leadership in managing expectations of investors, shareholders and stakeholders. Security Bank CFO and Executive Vice President (EVP) Joselito E. Mape was also recognized as “Asia’s Best CFO for Investor Relations, Philippines” in this year’s awards for his effective corporate leadership dealing with capital markets.

The Asian Excellence Awards is an annual event hosted by Corporate Governance Asia, the authoritative journal of corporate governance practices in Asia. It is the benchmark of excellence in the areas of Investor Relations, Environmental, Communications and Corporate Governance in Asia. Security Bank is a consistent awardee at the Asian Excellence Awards, having been recognized for Best CEO for Investor Relations, Best Investor Relations Company and Best Corporate Social Responsibility in the past years.

Inspired by this international recognition, Security Bank will work harder and smarter to deliver on its promise of BetterBanking.