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Announcement

Announcement

21 October 2011

QBE Philippines Won The "Best Corporate Governance" Award
- awarded by PIRA (Philippine Insurers and Reinsurers Association)


(From left to right: Allan Quing, Marcelina Valles, Lani Isidro and Jun Noche)

The Best in Corporate Governance award gives recognition to companies that unequivocally displays the processes and structure by which the business and affairs of the company are directed and managed, in order to enhance long term shareholder value through enhancing corporate performance and accountability, while taking into account the interests of other stakeholders.

Winning Criteria included:

  • Serves the better interest of corporate owners, including return on capital
  • Enhances the benefits to the workers of the company
  • Facilitates improvement of services for the corporate customers
  • Ensures the observance of terms and conditions imposed by creditors
  • Optimizes the benefits for the community and the general public as the national economic order is promoted
  • Provides due observance of sustainable development and the protection of the environment
This year, assisting PIRA on the search for winners was a survey conducted by the Institute of Corporate Directors (ICD) among the non-life insurance companies. The top 10 companies that emerged in the survey were declared winners.

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