Cebu Pacific (PSE: CEB), the Philippines’ leading airline, has once again demonstrated its commitment to corporate excellence by receiving the prestigious Three Golden Arrows Award from the Institute of Corporate Directors (ICD). This accolade recognizes CEB’s exceptional corporate governance practices and reinforces the airline’s position as a leader in transparency, board responsibility, and shareholder protection.
Recognized for Exemplary Governance
This is the third time Cebu Pacific has been acknowledged for its strong governance standards, joining the ranks of top publicly listed Philippine companies. The Golden Arrow Award is based on the ASEAN Corporate Governance Scorecard (ACGS) and the Corporate Governance Scorecard (CGS), which evaluate companies across key pillars of governance, including board responsibility, transparency, and shareholder protection.
Atty. Anne Romadine Tieng, CEB’s General Counsel, expressed the company’s pride in receiving the award:
“We are deeply honored by this recognition. For millions of Filipinos who trust us with their travel, this award reflects our commitment to not only offering accessible and affordable flights but also maintaining the highest standards of corporate integrity and transparency.”
Continuous Improvement in Governance Standards
Cebu Pacific’s achievement of Three Golden Arrows represents a significant improvement from last year’s Two Golden Arrows, showcasing the company’s ongoing dedication to improving governance practices. The ICD noted that CEB outperformed many other organizations in the transport sector, excelling in key areas such as:
• Shareholder Rights Protection
• Stakeholder Engagement
• Transparency
• Board Responsibilities
• Adherence to Governance Standards
A Commitment to Sustainable Growth
As Cebu Pacific continues to expand, it remains focused on embedding strong governance principles throughout its operations. The airline’s commitment to corporate integrity ensures that it will continue to foster trust and transparency, driving sustainable growth and securing the confidence of stakeholders.
For more details about Cebu Pacific’s governance practices and achievements, visit www.cebupacificair.com.