Jollibee Foods Corporation (JFC), widely known as the Jollibee Group, has received two Golden Arrows at the 2026 Golden Arrow Awards, marking its second consecutive year earning the distinction and its fifth straight year of corporate governance recognition.
Presented by the Institute of Corporate Directors (ICD), the recognition is based on JFC's performance in the 2025 ASEAN Corporate Governance Scorecard (ACGS), where the company improved its assessment score compared with the previous year.
The awarding ceremony was held on October 23, 2026, at Makati Shangri-La. Jollibee Group Philippine General Counsel Atty. Vem King received one of the two awards on behalf of the company.
The latest recognition reflects the company's continued efforts to strengthen corporate governance practices as it manages its business operations and pursues long-term growth.
What the Golden Arrow Recognition Means for Jollibee Group
The Golden Arrow Awards recognize publicly listed companies in the Philippines that demonstrate adherence to corporate governance standards under the ASEAN Corporate Governance Scorecard.
Companies must obtain at least 75 points in the assessment to qualify for a Golden Arrow.
For Jollibee Group, receiving two Golden Arrows for the second consecutive year represents continued recognition of its governance performance. Its latest assessment also showed an improvement over its previous year's score, although the company did not disclose its exact 2025 ACGS rating in the announcement.
The fifth consecutive year of recognition further highlights the company's ongoing participation in the corporate governance assessment process.
How the ASEAN Corporate Governance Scorecard Evaluates Companies
The ACGS is a regional framework used to assess the corporate governance practices of publicly listed companies across participating ASEAN markets.
According to the Institute of Corporate Directors, the assessment examines several important areas:
Shareholder rights and equitable treatment: How companies protect shareholder rights and ensure fair treatment.
Sustainability and resilience: How organizations address sustainability considerations and their ability to manage long-term risks.
Stakeholder relations: How companies engage with stakeholders and consider their interests.
Disclosure and transparency: How companies communicate relevant information and maintain accountability through disclosures.
Board leadership and oversight: How the board provides strategic direction, monitors management, and exercises its oversight responsibilities.
The assessment is intended to encourage stronger governance practices among publicly listed companies and improve the visibility of well-governed Philippine corporations to investors.
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Jollibee Group Emphasizes Accountability and Long-Term Value Creation
Ernesto Tanmantiong, Jollibee Group Global President and Chief Executive Officer, said the recognition reflects the company's continuing efforts to strengthen corporate governance across its operations.
He noted that as the business grows, the company remains focused on governance practices that support business priorities, reinforce transparency and accountability, and create long-term value for stakeholders.
Tanmantiong also emphasized the importance of pursuing practical improvements that strengthen governance while addressing the evolving needs of the business.
For companies operating in increasingly complex business environments, corporate governance plays an important role in establishing clear responsibilities, supporting informed decision-making, and maintaining stakeholder confidence.
Jollibee Group's latest Golden Arrow recognition adds to its record of consistent performance in the ASEAN Corporate Governance Scorecard assessment.
As the company continues to pursue its business objectives, maintaining effective governance practices remains an important part of its approach to sustainable growth and long-term stakeholder value.