Over the years, the ACGS has been instrumental in fostering a strong corporate governance culture in ASEAN, encouraging PLCs to adopt internationally recognized corporate governance principles, driving improvements in transparency, board accountability, shareholder rights and sustainability practices. The scorecard has also contributed to innovative business models prioritizing ethical leadership and long-term value creation. Receiving the awards on behalf of the SM group were Maria Virginia A. Tolentino-Uy, Senior Assistant Vice President – Governance, Risk and Compliance at SM Investments Corporation (leftmost); and Joana B. Tiangco, AVP – Enterprise Risk Management and Governance at SM Prime Holdings, Inc. (second from right); Joining them were Securities and Exchange Commission Chairman Francis Ed. Lim (second from left) and SEC Commissioner Mcjill Bryant T. Fernandez (rightmost).