SUN LIFE GREPA IS AN ACGS GOLDEN ARROW AWARDEE FOR CORPORATE GOVERNANCE

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a prominent insurance company in the country, has recently received the prestigious Golden Arrow accolade at the 2022 ASEAN Corporate Governance Scorecard (ACGS) Awards, which were organized by the Institute of Corporate Directors (ICD). This marks the fifth consecutive year that ICD has acknowledged Sun Life Grepa's exemplary corporate governance practices. Sun Life Grepa President, Richard S. Lim, was present at the award ceremony, which took place on September 28, 2023, at Okada Manila.

The ACGS serves as an evaluation tool that assesses the corporate governance standards of publicly listed and insurance firms in ASEAN member nations. The Golden Arrow Recognition is a highly esteemed accolade that signifies a remarkable commitment to adhering to the best corporate governance practices, positioning Sun Life Grepa as an outstanding player in the industry.

“We are immensely proud to receive this award from ICD. This back-to-back recognition underscores our relentless pursuit of excellence in all aspects of our business operations, ultimately benefiting our customers and the wider community we serve,” Sun Life Grepa President Richard S. Lim said. “This also reflects the dedication of our team and our unwavering commitment of building trust and confidence, exceeding the expectations of our stakeholders every step of the way.”

The ACGS, established by the ASEAN Capital Markets Forum, serves as a valuable tool for evaluating and ranking publicly listed and insurance companies' effectiveness in protecting the rights of shareholders, equitable treatment with stakeholders, transparency and fairness through disclosure of material information, and the effectiveness of the board. This initiative was inaugurated in 2011 as a significant step toward advancing ASEAN's economic integration.

Sun Life Grepa had previously received an ACGS award in 2018 and 2021.