Xurpas Receives Golden Arrow Award for Second Consecutive Year

Xurpas, Inc. once again receives another prestigious Golden Arrow Award from the Institute of Corporate Directors (ICD) during the ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) Golden Arrow Recognition Ceremony last 28th of September 2023 at The Grand Ballroom, Okada Manila.  

The award was accepted by the CEO of Xurpas, Inc., Mr. Joey Gurango and expressed his pride in the company’s achievements as it carries on with its commitment in maintaining the highest ethical standards and best corporate governance practices. “We are honored to receive the Golden Arrow Award for the second year, a testament to Xurpas Inc.’s enduring commitment to exemplary corporate governance. This recognition reflects the hard work of our team and the trust of our stakeholders. We thank the Institute of Corporate Directors for this distinction and remain dedicated to the high standards that this award represents. Our journey continues with the same integrity and excellence that define us.”

The Golden Arrow is a symbol of excellence in corporate governance. It is based on the ACGS which is a globally benchmarked scoring system designed in assessing the corporate governance performance of Publicly Listed Companies (PLCs) from participating ASEAN countries. This denotes the dedication of Xurpas Inc. in improving all areas covered by theACGS categories: Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure & Transparency and Responsibilities of the Board.

The award received for the second consecutive year is a continuous testament to Xurpas’ commitment to corporate governance and its dedication to safeguarding the interests of its various stakeholders. From the time Xurpas first listed on the Philippine Stock Exchange (PSE) in 2014, it has taken guidance from its legal counsel on the observance of corporate governance standards set by the Securities and Exchange Commission (SEC). The SEC also spearheaded the enactment of the law in 2019, revising our Corporation Code. Its progressive provisions included among others, further promoting good corporate governance, which Xurpas embraced by electing a corporate governance champion and ICD trustee as one of its independent directors. Over the years, Xurpas has benefited from various ICD and SEC-sponsored corporate governance seminars, which has enabled it to incorporate and implement good governance in its processes. Xurpas’ Board and Management thank these individuals, teams, and institutions for guiding them in their corporate governance journey.

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