Metro Retail Group Inc. (MRSGI) has achieved a significant milestone by receiving its inaugural Golden Arrow from the Institute of Corporate Directors (ICD).

This prestigious award underscores MRSGI’s commitment to exemplary corporate governance, as determined by the ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) assessments.

The assessments evaluate critical factors such as transparency, accountability, shareholder rights, and stakeholder relations.

MRSGI’s score qualifies it for this one-arrow distinction, aligning the Cebu-based retailer with larger publicly listed companies recognized for their governance practices.

Sherisa Nuesa, Chairperson of the Board of Directors, expressed pride in this recognition, stating it reflects the dedication of all employees to uphold principles of fairness and accountability.

She emphasized that this award motivates MRSGI to further enhance its governance framework.

The ACGS and CGS Scorecards assess companies based on their adherence to the Philippine Code of Corporate Governance and international standards.

Nuesa reiterated the importance of this award in fostering stakeholder trust and furthering improvements in corporate governance.

With 66 branches across Luzon and the Visayas, MRSGI remains committed to sustainable growth while expanding its retail network.

This recognition solidifies MRSGI’s position among the top publicly listed companies in the Philippines, showcasing its dedication to ethical leadership and sustainability.