# SM Investments Earns Five Golden Arrow for Third Year Under Independent Chairman

> SM Investments received the Five Golden Arrow from the Institute of Corporate Directors for a third consecutive year.

- Published: 2026-11-06T03:35:03+00:00
- Section: Business
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-06/sm-investments-five-golden-arrow-award
- Source: [TradingView](https://www.tradingview.com/news/prnewswire:5599daab3d550:0-sm-investments-earns-third-consecutive-five-golden-arrow-award/)

## Key takeaways

- SM Investments received the Five Golden Arrow Award from the Institute of Corporate Directors for the third consecutive year.
- The 2026 recognition is based on the 2025 ASEAN Corporate Governance Scorecard assessment.
- SM Prime Holdings and China Banking Corporation also received Five Golden Arrows, while BDO Unibank and Belle Corporation received 4 Golden Arrows.

SM Investments Corporation received the Five Golden Arrow Award from the Institute of Corporate Directors for the third consecutive year, the highest rating under the corporate governance awards program. [TradingView](https://www.tradingview.com/news/prnewswire:5599daab3d550:0-sm-investments-earns-third-consecutive-five-golden-arrow-award/) published the announcement on November 6, 2026.

## What the Five Golden Arrow Measures

The award assesses how companies protect shareholder rights, disclose material information and provide effective board oversight. The 2026 recognition rests on the 2025 ASEAN Corporate Governance Scorecard assessment, which covers shareholder rights and equitable treatment, sustainability and resilience, stakeholder relations, transparency and accountability through timely disclosure, and the Board's strategic guidance and accountability.

"We aim to continuously create long-term value for our stakeholders, and strong governance is central to that," said Amando M. Tetangco Jr., Chairman of the Board of [SM Investments](https://akta.pro/company-profiles/0003rfw/sm-investments). Tetangco is the company's first independent Chairman and a former two-term Governor of the Bangko Sentral ng Pilipinas.

The Board oversees strategy, risk management and major investment decisions across retail, banking, property and portfolio businesses, while operating companies keep their own boards and management teams. "The achievement reflects SM Investments' continuing commitment to integrity, transparency, accountability and responsible stewardship, with sound corporate governance serving as a foundation for sustainable growth and long-term stakeholder value," said President and CEO Frederic C. DyBuncio.

SM Prime Holdings, Inc. and China Banking Corporation received Five Golden Arrows, while BDO Unibank, Inc. and Belle Corporation received the 4 Golden Arrows. The recognition comes as SM marks 68 years since the opening of its first Shoemart store.

## SM Investments' Capital Returns and Portfolio Moves

According to akta.pro [company records](https://akta.pro/company-data), SM Investments raised its annual dividend per share by 31% to PHP 17 in May 2026, a total of PHP 20.7 billion and the fifth consecutive year of dividend growth. The same records show a March 2026 plan to exit its 30.4% stake in Atlas Consolidated Mining & Development Corporation, citing strategic misalignment with its core banking, property and retail ecosystem, and an 18% stake in the YCO Global Cloud Centers data center venture.

## Earlier Governance and Resilience Steps

In August 2026, SM Investments signed a memorandum of agreement with the Department of Science and Technology-Philippine Institute of Volcanology and Seismology to use the government's GeoRiskPH hazard and risk platform, BusinessWorld Online reported. Inquirer reported that the agreement, signed on a Friday that month, granted the company access to the platform. In December 2025, SM Investments partnered with the Global Reporting Initiative to launch a free e-learning bridge course on sustainability reporting for MSMEs in the Philippines, according to the same records.

## SM Investments' Next Disclosure

SM Investments' corporate profile and announcements are published on [its website](https://www.sminvestments.com).

## Companies in this story

- [SM Investments company profile](https://akta.pro/company-profiles/0003rfw/sm-investments) · website: https://www.sminvestments.com

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