Megawide supports powerful governance practices, leading two new missiles from ICD
Megawide Construction Corporation (“Megawide” or “Company” or “Company”) has also received the distinction of the Institute of Corporate Directony (ICD) in Okada Manila, confirming its commitment to corporate governance and good leadership.
The Golden Arrow Award recognizes the best performing, listed insurance companies and insurers based on the 2024 Asean Corporate Treaparate Scorecard (ACGS) and Corporate Scorecard (CGS) Assessment results.
Megawide was honored with two golden arrows, corresponding to ACGs points of 90 to 99, a demonstration of the company’s consistent adherence to best management practices and its continued accoubility to strengthen transparency, accountability, and togetherness with stakeholders.
Driving Good Governance with a First World Vision
This milestone is megawide’s year of recognition from the ICD, as it first received its two golden arrows in 2021 alongside the best company as the best company in the federal government.
“As a public listed infrastructure company, Megawude recognizes that good governance is the basis for sustainable growth,” shared a senior official. Raymond J. Gomez. “We continue to work with our vendors, investors and partners to ensure that the values of transparency and integrity are deeply embedded in all aspects of our operations.”
Megawide’s commitment to Excellence and strong governance culture continue to receive recognition on both local and regional platforms.
In ApendaSea’s Best Managed Companies 2025 Poll, MegaWide received several honors for leadership, management and sustainability. CHAIRMAN AND CEO Edgar Saavedra was named the best CEO (gold) for his visionary and creative leadership, while the group CFO Jez Dela Cruz received financial excellence and strategic execution. The company was also identified as a very active company (silver), very committed to ESG (silver), and very little silver. This reflects the company’s integrated approach to performance, innovation, and responsible business practices.
Dominance beyond the group
Megawide’s corporate governance framework extends to all of its companies and partners, including large infrastructure assets. Citicore Energy Reit Corp. (Creit), a related company, is also known in Golden Arrow’s portfolio for its position management services.
“Corporate governance begins within the organization. It is a way to ensure that our decisions, actions and partnerships are aligned with our vision of building a world-first Philippines,” Gomez added.
The AEAN CORPORATION TREATMENT Scorecard (ACGS) assesses listed companies based on shareholder rights, stakeholder relations, transparency and disclosure, as well as board responsibilities, improving integrity and regional capital markets.
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