Monde Nissin Corporation (MONDE) was awarded 3 Golden Arrows from the Institute of Corporate Directors (ICD) at the 2023 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards, on September 28, 2023.
This recognition pertains to MONDE’s first-ever Integrated Annual Corporate Governance Report (I-ACGR) submission as an organization and as a publicly-listed company following its listing on the main board of the Philippine Stock Exchange on June 1, 2021.
“It is a good beginning for our journey as a publicly listed company to receive the 3 Golden Arrows recognition for our first I-ACGR submission. This award demonstrates our commitment to practice international good corporate governance standards which is valued by all our stakeholders. We will continue developing our ESG practices and framework as we innovate and pursue our aspiration of improving the well-being of people and the planet,” Henry Soesanto, MONDE’s Chief Executive Officer, said.
“MONDE’s award is the result of joint efforts involving dedicated collaborations across the organization to build on company policies centered on integrity and ethical conduct with the aim of ensuring that MONDE is not just compliant with existing laws and regulations, but more significantly, it is well-governed,” added Atty. Helen G. Tiu, MONDE’s Chief Legal Counsel and Corporate Secretary.
“The 3 Golden Arrows is a good indicator of where we are right now as an organization in terms of governance and compliance, and this recognition from the ICD points us to the direction of where we want to be in the future: a well-governed and compliant PLC amidst the shifts and transformations in the business sector,” said MONDE’s Chief Compliance Officer, Atty. Jon Edmarc R. Castillo.
Three Golden Arrows are awarded to companies with an ACGS score in the range of 100-109 points who have exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices promoted by the ACGS.
ICD is a non-stock, non-profit organization dedicated to the professionalization of Philippine corporate directorship as well as raising the level of the country’s corporate governance awareness and policy-making towards world-class standards. Meanwhile, ACGS aims to promote corporate governance excellence and integration within the ASEAN region as an investment destination
Monde Nissin Corporation is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories, including Lucky Me! noodles, SkyFlakes crackers, Fita crackers, Monde baked goods and Quorn meat alternative products. The Company aspires to improve the well-being of people and the planet, and create sustainable solutions for food security. That aspiration is reflected in our commitment to continuously improve our products to make them more delicious, nutritious, and better for the planet. For more information, please visit www.mondenissin.com.