Chemical manufacturer D and L Industries Inc. (DNL), alongside other publicly-listed companies, is recognized by the Institute of Corporate Directors (ICD) for its outstanding corporate governance practices based on the ASEAN Corporate Governance Scorecard.
This is the third consecutive year that DNL received the recognition.
“We are honored to receive such recognition from the ICD. Ensuring that we implement good corporate governance practices is among our top priorities as a company. We see it as an important foundation in achieving sustainable growth and business longevity. We continue to look for ways to further improve our existing practices and align it with the best-in-class corporate governance practices,” DNL president and CEO Alvin Lao said.
The ACGS measures business performance in areas of facilitating the rights and the equitable treatment of shareholders, how they relate to the different stakeholders, ensure transparency and accountability thru timely disclosure of material information and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders.
The ICD is a non-stock, not-for-profit national association of corporate directors and other stakeholders engaged in corporate governance. Its mission is to champion good corporate governance and stewardship. It aims to be a catalyst in the Philippine corporate governance ecosystem for inclusive and sustainable development.
DNL, in its relatively short history as a listed company, is also recognized multiple times by other equally respected institutions.
It has been named an ASEAN Honored Company by the Institutional Investor, a Most Outstanding Company in the Philippines (Industrial Sector) by Asiamoney, and Best Mid-Cap Company by Finance Asia.
