Outstanding Corporate Governance. Atty. Vem King, Jollibee Group’s Associate General Counsel, EMEAA, Corporate & Commercial Global, and Legal Business Partner Global and Philippines, (2nd from left), receives the Golden Arrow Award on behalf of the Company during the recently held ASEAN Corporate Governance Scorecard Awards by the Institute of Corporate Directors. This is the third consecutive year that the Jollibee Group has been cited for its strong corporate governance practices.

MANILA, Philippines. 13 November 2024 – The Jollibee Group has been awarded the 1-Golden Arrow Recognition from the Institute of Corporate Directors (ICD) for the third consecutive year, reinforcing its reputation for transparency, accountability, and strong governance practices. The recognition, presented during the recent Golden Arrow Awards, highlights the company’s continued commitment to upholding the highest standards in ethical leadership and corporate responsibility.

“Receiving this award for the third year in a row reflects the Jollibee Group’s dedication to doing business the right way—responsibly, transparently, and with integrity. It also affirms our commitment to corporate governance and sustainability, as we continue our journey towards becoming one of the top five restaurant companies in the world,” said Jollibee Group Global Chief Legal, Ethics and Compliance Officer Atty. Valerie Feria Amante.

The Golden Arrow Awards evaluates publicly listed companies across the region based on their adherence to corporate governance principles measured through the ASEAN Corporate Governance Scorecard (ACGS). Companies like Jollibee Group that earn a score of 80 points or higher are awarded the prestigious Golden Arrow, signifying their conformance with both the Philippine Code of Corporate Governance and international best practices.

The ACGS measures corporate governance performance across several key areas, including shareholder rights, equitable treatment of stakeholders, transparency, and the board’s role in strategic leadership and oversight. The scorecard’s goal is to raise the bar for governance standards in the Philippines and help attract long-term investment by showcasing well-governed companies.