UnionBank of the Philippines has once again been recognized as one of Asia’s most promising companies for corporate governance during the 10th Corporate Governance Asia Recognition Awards held last October 24, 2014 at the Renaissance Harbour View, Wan Chai, Hong Kong. Atty. Cesar G. Ilagan, UnionBank Senior Vice President/Controller, received the award on behalf of the Bank.
UnionBank was among the five banks from the Philippines that were recipients of various awards during the event. Several metrics, including the quality of management, business model, growth prospects, financial performance and relative position in their industries were utilized as bases for a company to qualify for an award. Aboitiz Equity Ventures and Aboitiz Power were also awardees during the event.
For the past 11 years, Corporate Governance Asia has put emphasis on recognizing companies in the region who continue to lead the way in initiating best practices which provide an open, ethical, Asian values, fair spirit and continuing dialogue with all the stakeholders.