CARD MBA President Reazhyle Francisco received the 2-Golden Arrow Award for CARD MBA during the Golden Arrow Recognition 2023 held in Manila.

CARD MBA, the insurance arm of CARD Mutually Reinforcing Institutions (CARD MRI), secured 2-Golden Arrow Awards from the annual Asean Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) Golden Arrow Recognition held in Okada, Manila on September 28, 2023.

“We are grateful that our efforts have been recognized. This motivates us to continue instilling good corporate governance in our minds and the way we deliver our services,” CARD MBA Chief Executive Officer Jocelyn Dequito said.

The award honors the top-performing insurance companies that practice good corporate governance. Companies that scored 90–99 points on the 2022 ACGS Assessment Results were given 2-Golden Arrow Award.

The event is an initiative of the Institute of Corporate Directors (ICD) to assess organizations’ corporate governance standards. It analyzes organizations’ performance in terms of promoting transparency through timely disclosure of material information, cultivating connections with stakeholders, and safeguarding shareholders’ rights. CARD MBA is a non-profit mutual benefit association in which members are involved in direct management and operations. It provides the members benefits such as pensions, death benefits, medical subsidies, and all redemption packages.