CARD MBA Receives 2-Golden Arrow Awards for Outstanding Corporate Governance in Golden Arrow Recognition 2023


via Bhal Cabrera | October 7, 2023 

CARD MBA, the esteemed insurance subsidiary of CARD Mutually Reinforcing Institutions (CARD MRI), achieved a remarkable feat at the Golden Arrow Recognition 2023 held in Manila, as it clinched not one, but two prestigious 2-Golden Arrow Awards. This recognition reaffirms CARD MBA's unwavering commitment to promoting excellent corporate governance.

The accolades were received by CARD MBA President Reazhyle Francisco, who accepted the awards on behalf of the organization with pride and gratitude. The awards were presented in acknowledgment of the company's exceptional adherence to corporate governance principles.

The annual Asean Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) Golden Arrow Recognition event, held at the luxurious Okada resort in Manila, served as a platform to celebrate and honor companies that excel in implementing good corporate governance practices.

Jocelyn Dequito, Chief Executive Officer of CARD MBA, expressed her gratitude for the recognition, saying, "We are grateful that our efforts have been recognized. This motivates us to continue instilling good corporate governance in our minds and the way we deliver our services."

The 2-Golden Arrow Award is conferred upon companies that achieve outstanding scores ranging from 90 to 99 points in the 2022 ACGS Assessment Results. This distinction places CARD MBA among the elite institutions in the realm of corporate governance.

The Golden Arrow Recognition event is an initiative of the Institute of Corporate Directors (ICD), aimed at assessing and benchmarking organizations' corporate governance standards. It scrutinizes their performance in areas such as promoting transparency through timely disclosure of material information, nurturing strong connections with stakeholders, and safeguarding shareholders' rights.

CARD MBA, a non-profit mutual benefit association, operates with a unique model where members actively participate in the management and operations of the organization. The association provides its members with a range of benefits, including pensions, death benefits, medical subsidies, and various redemption packages.

CARD MBA's impressive achievement at the Golden Arrow Recognition 2023 underscores its unwavering dedication to corporate governance excellence, setting a high standard for other organizations to aspire to in the years to come.

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