SEC Chairman Hon. Emilio B. Aquino Keynote Address, ACGS Appreciation Ceremony, 31 July 2018, Tower Club
ICD COMMUNICATIONS | September 03, 2018
Since the introduction of the ACGS in 2011, there have been significant improvements in the scores of Philippine PLCs. In 2012, the average score of the top 100 Philippine PLCs was 48.9. In 2015, the average score was 73.09. But more than the increase in the scores, the more notable effect of the ACGS is the increase in Philippine PLCs’ interest and awareness on corporate governance. The SEC’s Corporate Governance Division can attest to this, evidenced by the increase in queries, clarifications and consultations received from the companies.