The Golden Arrow Recognition
PLCs that achieve a score of 80 points or higher are considered as top performing companies in the Philippines under the ACGS. Starting this year 2019, five (5) levels of top performance in corporate governance will be recognized based on the ACGS scores. Each ascending level will be depicted by an increasing number of golden arrows, as follows:
ACGS score of 80 to 89 points 1-arrow recognition
ACGS score of 90 to 99 points 2-arrow recognition
ACGS score of 100 to 109 points 3-arrow recognition
ACGS score of 110 to 119 points 4-arrow recognition
ACGS score of 120 to 130 points 5-arrow recognition
An upward-pointing arrow was chosen to symbolize the continuing efforts of Philippine PLCs to raise the level of compliance with the ASEAN corporate governance principles.
The foregoing system of recognition is also applied to insurance companies that are assessed under the ACGS.