October 2026 – Vitarich Corporation (PSE: VITA)has earned a 1 GoldenArrow Award from the Instituteof Corporate Directors (ICD), marking its third consecutiveyear of recognition for outstanding corporate governance practices.
The award, presentedduring the Golden ArrowAwards 2026 held on October 23 at Makati Shangri-La, recognizespublicly listed companies that demonstrate strong governance standards underthe ASEAN CorporateGovernance Scorecard (ACGS). Vitarich's latest recognition wasbased on the 2025 ACGS assessment results, which evaluate companies on keyprinciples including transparency, accountability, shareholder rights,stakeholder engagement, and board effectiveness.
"We are honoredto receive this recognition for the third consecutive year," said Jose Vicente C. Bengzon III, Chairmanof Vitarich Corporation. "Goodcorporate governance remains at the heart of our business. This award reflectsour commitment to transparency, accountability, and responsible leadership aswe continue creating sustainable value for our stakeholders."
Organized annuallyby the ICD, the country's leading organization promoting corporate governanceand board excellence, the Golden Arrow Awards recognize companies that meet andexceed governance standards aligned with both Philippine regulations and internationalbest practices.
During the awardsceremony, Securitiesand Exchange Commission Chairman Francisco Edralin Limemphasized the importance of aligning Philippine listed companies with globalinvestor expectations, noting that investor confidence is earned throughtransparency, accountability, and adherence to internationally recognizedgovernance standards. He also challenged companies to look beyond complianceand continuously raise the bar for governance excellence across the region.
Rocco Sarmiento,President and Chief Executive Officer of Vitarich Corporation,highlighted the role of governance in sustaining business performance andstakeholder trust.
"Stronggovernance enables us to make better decisions, manage risks responsibly, andstrengthen the confidence of our stakeholders,"Sarmiento said. "Receivinga 1 Golden Arrow Award for the third straight year underscores Vitarich'scommitment to maintaining sound governance practices and fostering a culture ofintegrity, accountability, and responsible business conduct."
The ACGS serves as aregional benchmark for corporate governance among publicly listed companiesacross ASEAN and is aligned with the Philippine Code of Corporate Governanceand globally recognized governance standards. The framework assesses howcompanies protect shareholder rights, engage stakeholders, maintaintransparency through timely disclosures, and enable effective board oversight.
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