PSE to hold Bell Awards in November
MANILA, Philippines - Publicly listed companies and trading participants that adhere to high standards of corporate governance will be honored at the Philippine Stock Exchange (PSE) Bell Awards next month.
The PSE Bell Awards Ceremony will be held on November 19, at the Makati Shangri-la Hotel in Makati City.
Listed companies are valuated on how well they adopt and incorporate the PSE's corporate governance guidelines and their compliance to listing and disclosure rules.
Trading participants are assessed based on their performance in regulatory audits, compliance to market regulations and trading rules.
"Corporate governance is integral to what we do here at the PSE. By formally recognizing listed companies and trading participants through the Bell Awards, we would like to emphasize the need to uphold good governance practices and to show that the Exchange is a co-advocate of corporate governance together with the government and the private sector,” PSE President and CEO Hans B. Sicat said.
The PSE launched the first Bell Awards last year. Among the Bell Awards recipients were Ayala Land Inc., China Banking Corp., Globe Telecoms Inc., Manila Water Company Inc., and SM Prime Holdings.
Trading participants which received awards were CLSA Philippines, COL Financial Group, and Macquarie Securities Philippines for the large trading participants category while Armstrong Securities, PCIB Securities and Tri-State Securities for the small trading participants category.