.png)
2024 ACGS & CGS WORKSHOP
For Publicly Listed Companies and Insurance Companies
Participation in this course meets the recommended best practices for continuing directors education prescribed by the Securities and Exchange Commission (SEC) and Insurance Commission (IC)
REGISTRATION DETAILS
Invest in your professional development
PHP 9,500.00
(inclusive of VAT)
Discounts applicable (Only 1 discount is applicable per registration)
○ 5% if referred by an ICD Member
○ 5% Group Discount with a minimum of 5 participants in the same company
Publicly Listed Companies
19 - 20 March 2024
02:00 PM to 05:00 PM (GMT+8)
Via Zoom
This course is FREE to all ICD Members in Good Standing
E-Certificate and materials are not included, but may be availed for PHP 1,000
Insurance Companies
23 - 24 April 2024
02:00 PM to 05:00 PM (GMT+8)
Via Zoom
ACGS Workshop for Publicly Listed Companies
Unlocking Corporate Success:
The ASEAN Corporate Governance Scorecard Workshop
In the ever-evolving landscape of business, staying abreast of the latest corporate governance standards is imperative for companies striving for sustained success. The ASEAN Corporate Governance Scorecard Workshop emerges as a pivotal platform for companies seeking to enhance their corporate governance practices, with a spotlight on the burgeoning realm of sustainability.
The ASEAN Corporate Governance Scorecard (ACGS) is an assessment tool that measures the corporate governance performance of publicly listed companies in the six participating ASEAN member countries, namely Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. This was developed by the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB) in 2011 to encourage publicly listed companies to go beyond national legislative requirements and adopt international corporate governance best practices. The scorecard is based on publicly available information and benchmarked against international best practices, providing foreign investors and external fund managers comparable information to form part of their investment decision-making process. Over the years, the scorecard stands as a testament to the commitment of ASEAN nations to foster a business environment built on integrity, responsibility, and sustained value creation, underscoring the region's dedication to harmonizing corporate governance standards for long-term economic growth and stability.
Here's why companies should not miss this opportunity:
1. In-depth Understanding of ASEAN Corporate Governance Scorecard Items:
Attending the workshop provides a comprehensive exploration of the intricacies of the ASEAN Corporate Governance Scorecard, enabling companies to decipher and navigate the various elements effectively.
2. Value in Conforming to Recommended Practices:
Aligning with the recommended practices and standards fosters transparency, accountability, and ethical conduct, positioning your company for long-term resilience.
3. Emphasis on Sustainability:
The latest inclusion of sustainability metrics in the ASEAN Corporate Governance Scorecard underscores the growing importance of environmental, social, and governance (ESG) considerations. By attending the workshop, companies gain insights into integrating sustainable practices into their governance framework, aligning their operations with global expectations for responsible business conduct.
4. Proven Business Cases for Corporate Governance and Sustainability:
Numerous studies have validated the positive correlation between robust corporate governance practices, sustainability initiatives, and enhanced firm value. By adhering to the ASEAN Corporate Governance Scorecard and embracing sustainability, companies stand to gain not only in terms of reputation but also in financial performance.
5. Qualification for the ASEAN Asset Class:
Conforming to the ASEAN Corporate Governance Scorecard standards elevates a company's governance profile and enhances visibility that can attract potential investors who prioritize companies with strong governance foundations.
6. ICD Recognition with Golden Arrow Awards:
The pinnacle of success in corporate governance can be achieved through recognition by the Institute of Corporate Directors (ICD), which bestows the prestigious Golden Arrow Awards. By attending the workshop and implementing recommended practices, companies increase their chances of standing out and being acknowledged for their commitment to exemplary corporate governance.
Overall, attending the ASEAN Corporate Governance Scorecard Workshop is not just a matter of compliance; it is an investment in the future resilience and success of your company. The convergence of corporate governance and sustainability is a powerful strategy, and companies that embrace these principles position themselves as leaders in an increasingly conscious and discerning business environment. Don't miss the chance to unlock the full spectrum of benefits that await your company on this transformative journey.
CGS Workshop for Insurance Companies
Journeying to Heights of Excellence:
A Corporate Governance Scorecard Workshop for Insurance Companies
Achieving sustainable good corporate governance requires an ongoing commitment to fostering interdependence and synergy across diverse sectors of the nation. The interconnectedness of economic, social, and environmental factors underscores the need for a holistic approach that transcends individual organizations. In this dynamic landscape, aligning with the recommended practices on corporate governance becomes imperative, positioning it at the forefront of any organization's strategic goals.
The primary objective of the Insurance Commission is to elevate the standards of corporate governance within the insurance sector by incorporating the best practices established by the Association of Southeast Asian Nations (ASEAN). This commitment is underscored by Circular Letter No. 14-2013, which mandates that insurance companies adhere to the ASEAN Corporate Governance Scorecard (ACGS). Compliance with this directive necessitates the establishment of dedicated company websites for the purpose of submitting responses to the ACGS questionnaire. It is imperative to note that the Corporate Governance Scorecard (CGS), tailored for Insurance Commission Regulated Companies (ICRCs), serves as a robust tool for evaluating the corporate governance performance of the insurance industry. This evaluation uses publicly available information sourced from the respective company websites. The CGS, thus, functions as a foundational framework for the periodic assessment of board responsibilities, stakeholder relationships, and transparency practices within ICRCs. This systematic review aims to ascertain the economic viability and overall organizational success of insurance entities, reinforcing the Commission's dedication to fostering a corporate governance environment aligned with global standards.
Companies have every reason to capitalize on this opportunity, and here's why:
-
Thorough Grasp of Corporate Governance Scorecard Components: Participation in the workshop offers an extensive examination of the details of the Corporate Governance Scorecard, allowing companies to comprehend and maneuver through the diverse elements proficiently.
-
Stringent Guidance in Adhering to Best Practices: By aligning with established benchmarks, your organization establishes a robust foundation for sustainable growth, instills confidence among stakeholders, and fortifies its reputation in the business landscape.
-
ICD Recognition with Golden Arrow Awards: The Institute of Corporate Directors (ICD) confers the esteemed Golden Arrow Awards, representing the zenith of success in corporate governance. Companies can enhance their prospects of recognition by actively participating in the workshop and incorporating recommended practices, demonstrating a steadfast commitment to outstanding corporate governance.
By engaging in the workshop, insurance companies stand to gain not only compliance with industry standards but also the practical insights and strategies needed to elevate their corporate governance practices to new heights. It is within this transformative space that companies can grasp the nuances of the Corporate Governance Scorecard, implement recommended practices, and fortify their commitment to transparency, accountability, and ethical conduct. In essence, participation in the Corporate Governance Scorecard workshop is positioned as a pivotal and strategic move, marking a significant milestone in the ongoing journey of insurance companies toward achieving and sustaining high standards of corporate governance.
SCHEDULE AND AGENDA
SPEAKER
Mr. Roberto T. Bascon, Jr., AICD
Director, Research & Development Department
Faculty, Institute of Corporate Directors
Roberto T. Bascon is the Director of ICD's Faculty and Research & Development Department, an Associate Member and also part of ICD's excellent pool of teaching faculties.
He is a member of Good Governance Advocates and Practitioners of the Philippines (GGAPP) and was a Resource Person for the Insurance Commission Revised Code of Corporate Governance.
He is a certified trainer for the Global Reporting Initiative (GRI) Standards Certified Training Course, and was the Co-Chairman of Ease of Doing Business - Protecting Minority Investors (EODB-PMI) Task Force under Anti-Red Tape Authority (2019).
He is a Certified Graduate of Palladium Kaplan-Norton Strategy Execution and a Business Sustainability Management graduate of the University of Cambridge - Institute of Sustainability Leadership.