In a remarkable achievement that underscores its commitment to corporate governance excellence, Insular Life (InLife) has clinched the prestigious Four Golden Arrow Award. The accolade was presented during the esteemed ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) Golden Arrow Recognition ceremony last 28 September 2023.
This momentous win marks the sixth consecutive year that InLife has been lauded by the Institute of Corporate Directors, organizers of the awards, for its outstanding corporate governance practices. Among Philippine-based insurance companies, InLife secured the highest honor, solidifying its reputation as an industry leader.
The Four Golden Arrow Award is a reflection of InLife’s exceptional performance in the 2022 ACGS and Corporate Governance Scorecard assessments. This recognition highlights the company’s exemplary adherence to the core ACGS categories, which include the Rights of Members, Equitable Treatment of Members, Role of Stakeholders, Disclosure and Transparency, and Responsibilities of the Board.
“We value this award. It is a seal of continuing excellence, a vote of high confidence for the entire company. We believe that good corporate governance is not just about compliance; it’s about nurturing a culture of accountability, transparency, and integrity. As a mutual company, we are primarily accountable to our policyholders, and this means that we are always mindful of our reputational and business equities/ as these are vital to our sustainable and long-term success,” according to Nina D. Aguas, InLife Executive Chair in her acceptance message.
The ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) Golden Arrow Recognition not only recognizes InLife’s remarkable achievements but also highlights the ongoing commitment of Philippine companies to elevate their compliance with ASEAN Corporate Governance principles.
InLife’s dedication to these principles aligns with the vision of the Institute of Corporate Directors (ICD), which seeks to play a pivotal role in fostering positive change, inclusivity, and sustainable development within the Philippine corporate governance ecosystem. The Four Golden Arrow Award serves as a testament to the company’s unwavering commitment to upholding the highest standards of corporate governance.
In receiving this prestigious recognition, Insular Life (InLife) stands as a shining example of corporate excellence and a testament to the enduring spirit of good governance within the Philippines’ corporate landscape.