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.

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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.

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Here's why companies should not miss this opportunity:

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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.

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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.

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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.

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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.

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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.

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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.

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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.