Security Bank bags corporate governance awards

MANILA, Philippines - Corporate Governance Asia has recognized Security Bank Corp. with two key awards during The Best of Asia 2014 awards night held last month at the Renaissance Harbour View Hotel, Wanchai, Hong Kong. During the 10th Corporate Governance Asia Recognition Award 2014, Security Bank was awarded as Icon on Corporate Governance. This distinction – the highest accolade given by the award-giving body – is bestowed to companies who have consistently made it to the honor roll of the annual awards for Excellence in Corporate Governance. For the past four years, Security Bank has consecutively won the much-coveted distinction, which belongs to “the best of the best in corporate governance in Asia as they uphold the highest standards in business practices.” Likewise, Security Bank chairman Frederick Y. Dy was recognized as Asian Corporate Director of the Year. The award honors outstanding corporate directors from boards of public and private companies in Asia who have guided their boards and executive management in growing their businesses, maintaining ethics and steering their companies to periods of extraordinary growth. For the past 11 years, Corporate Governance Asia has recognized companies in the region who continue to lead the way in initiating best practices. It provides news and analyses on corporate governance issues, boardroom practices and shareholder activism.