Century Pacific Food Inc. (CNPF) and Shakey’s Pizza Asia Ventures Inc. (SPAVI) have both been awarded two Golden Arrows at the recent ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards Night, recognizing their outstanding commitment to corporate governance standards.
The awards, presented by the Institute of Corporate Directors, evaluate companies based on shareholder rights, equitable treatment, stakeholder roles, transparency, and board responsibilities, aligning with OECD principles.
CNPF executive chairman Chris Po emphasized the importance of maintaining stakeholder trust through high governance standards. SPAVI president and CEO Vic Gregorio noted that the awards reflect the company’s ongoing commitment to improvement and its inclusive corporate culture.
Both companies are actively pursuing sustainability initiatives, supported by their corporate governance and sustainability committees. CNPF’s framework includes enhancing product nutrition and supporting smallholder farmers, while SPAVI focuses on inclusive hiring and community sports development.
“Our governance and sustainability efforts aim to create a positive impact and generate greater shareholder value,” Po said.
