Press Release | Axelum Resources Corp. | January 24, 2023
Axelum bestowed with 1 Golden Arrow recognition for excellence in governance
Axelum Resources Corp. (PSE: AXLM), the country’s leading fully-integrated manufacturer, exporter and retailer of globally in-demand consumer food essentials, primarily best-in-class premium coconut products, was conferred the 1 Golden Arrow recognition by the Institute of Corporate Directors, during the ACGS Golden Arrow Awards Night held at the Sheraton Manila Hotel on January 20, 2023.
Distinguished recipients of the prestigious Golden Arrow are measured for exhibited conformance with the Philippine Code of Corporate Governance and internationally-recommended corporate governance practices espoused by the ASEAN Corporate Governance Scorecard. The scorecard is composed of 184 questions across five (5) key principles namely Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency and Responsibilities of the Board.
“We are deeply humbled to be recognized as one of the champions of good governance in the country. This is a strong testament of our commitment to adhere to the highest standards of corporate transparency and integrity in the conduct of business. As an organization, we are fortunate to be
comprised of like-minded individuals who believe in the purpose of upholding best practices,” stated Mr. Romeo I. Chan, Chairman and Chief Executive Officer of Axelum Resources Corp.
The ASEAN Corporate Governance Scorecard is a pioneering initiative by the ASEAN Capital Markets Forum, a high-level grouping of capital market regulators from all ASEAN jurisdictions, to formally establish a structured assessment methodology aligned with international governance benchmarks based on disclosed information. The scorecard aims to encourage publicly-listed companies from among ASEAN participating members, to adopt the principles of corporate governance to promote inclusive economic growth and raise investor attractiveness within the ASEAN region.
