DMCI Holdings | Governance

The ACGS is an assessment based on publicly-available information and benchmarked against international best practices. Through the years, the ACGS has been a driving force in underpinning good corporate governance practices among publicly-listed companies.

ACGS is based on the corporate governance principles of OECD, which include: Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency, and Responsibilities of the Board.

DMCI Holdings has been steadily enhancing its system of rules, practices and processes to balance the interests of its many stakeholders. It has also committed to adopting the ACGS as an assessment methodology.

In the last six years, our ACGS score has improved from 63.96 points in 2014 to 100.70 points in 2019, outpacing the average score for local conglomerates and top 100 publicly listed companies in the country based on market capitalization.

YEAR	DMCI HOLDING, INC.	OTHER HOLDING FIRMS	TOP 100
2014	63.96	56.42	67.59
2015	84.57	63.53	73.09
2016	87.66	64.01	74.59
2017	85.69	58.68	67.61
2018	91.67	60.96	75.47
2019	100.70	63.93	77.24
2020	104.45	66.95	78.95
2021	96.64	72.58	87.55
2022	102.03	75.50	90.68

DMCI Holdings was recognized as one of the Top ASEAN Asset Class Publicly Listed Companies in the region in the recently held 2019 ASEAN Corporate Governance Scorecard (ACGS) Awards. The ASEAN Asset Class awards are companies who scored 97.5 points and above. DMCI Holdings obtained a score of 100.70 points in the 2019 ACGS assessment.

The regional assessment was conducted in publicly listed companies in the six (6) participating ASEAN Member Countries namely: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

DMCI Holdings also received a 3-Golden Arrow award during the Institute of Corporate Directors 2019 ACGS Golden Arrow Recognition.

The Golden Arrow Recognition is awarded to Publicly Listed Companies (PLCs) and Insurance Companies (InsCos) in the Philippines that achieved the scores of at least 80 points in the 2019 ACGS Assessment. Five (5) levels of performance in corporate governance were bestowed. Each ascending level is depicted by an increasing number of golden arrows.

The ICD is the only domestic ranking body of the ACGS in the Philippines as appointed by the SEC.

ACGS Awards

YEAR	AWARD
2017	One of Top Five PLC conglomerate (Score Range – 80-89.99 pts)
2018	2-Golden Arrow Awardee (Score Range – 90-99 pts)
2019	ASEAN Asset Class Publicly-Listed Awardee (Score 97.5 pts and above)
2019	3-Golden Arrow Award (Score Range – 100-109 pts.)
2021	2-Golden Arrow Award (Score Range – 90-99 pts.)