Security Bank scores triple win in Asiamoney’s Corporate Governance Poll 2015

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Security Bank bagged three top awards during the 8th Asiamoney Corporate Governance Poll 2015 hosted by GlobalCapital Asia. Top bank officials from Asia-Pacific gathered in Hong Kong at the JW Marriot Hotel on February 17, 2016 to celebrate the achievements of top-ranked financial companies during the GlobalCapital/Asiamoney New Year Awards Dinner. In photo (from left) are Lorraine Cushnie, managing editor-Asia, Capital Markets Group, GlobalCapital Asia; Alfonso Salcedo, Jr., president and CEO, Security Bank; Ropi Dangazo, head of Investor Relations, Security Bank; and Danny Cheung, deputy publisher, Asiamoney.

Security Bank Corporation was recipient of three top awards in the Corporate Governance Poll 2015 by global financial publication, AsiaMoney. The poll was participated in by some 350 CEOs, CIOs and senior executives including research heads and senior analysts from fund management and hedge fund companies as well as brokerages in the Asia-Pacific region, making it the largest ever.

Security Bank was recognized as ‘Best Overall for Corporate Governance in the Philippines’ after accumulating the most points and the top rank across the four survey areas of ‘responsibilities of management and the board of directors’, ‘disclosure and transparency’, ‘shareholders’ rights and equitable treatment’, and ‘investor relations’.

The Bank was also recognized as ‘Best for Responsibilities of Management and the Board of Directors’, highlighting its improved accountability structures, effective management, and greater transparency regarding its board of directors.

Finally, Security Bank received the ‘Best for Investor Relations’ award for the Philippines, recognizing the Bank’s proactive stance in communicating with shareholders, promoting the company to the market, providing access to senior management, and having done the most to improve its investor relations over the year.

Security Bank has been a consistent winner in the annual Asiamoney Polls – garnering seven awards in 2015 and five in 2014. In 2015, the Bank was also cited by Asiamoney as Best Managed Company in the Philippines for the mid-cap category.

“By maintaining open and transparent communications with our stakeholders, Security Bank is able to build and sustain confidence among investors and customers. This is part of our BetterBanking brand promise,” says Alfonso Salcedo, Jr., President and CEO of Security Bank.

With the goal to promote corporate and management excellence among Asia-Pacific corporations, the Asiamoney Polls is organized by GlobalCapital Asia, a leading news, opinion and data service whose platform includes well-respected and established publications such as the Euromoney Institutional Investor Group (which includes Asiamoney) and EuroWeek, among others.