D&L Industries was recognized alongside other top Philippine publicly listed companies by the Institute of Corporate Directors (ICD) for its outstanding corporate governance practices based on the ASEAN Corporate Governance Scorecard (ACGS).
This is the fourth consecutive year that D&L Industries received the recognition from the ICD.
“We are honored to receive such prestigious recognition from the ICD. As a company, it’s our top priority to uphold the highest standards of good corporate governance. We see it as the solid foundation for a sustainable and lasting organization,” said D&L president and chief executive Alvin Lao.
The ACGS measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through timely disclosure of material information and how the board guides the company strategically, monitors the management and ensures the board’s accountability to the company and the shareholders.
ICD is a non-stock, not-for-profit national association of corporate directors and other stakeholders engaged in corporate governance. Its mission is to champion good corporate governance and stewardship for the benefit of the society.
It aims to be the key catalyst in the Philippine corporate governance ecosystem for inclusive and sustainable development.
D&L Industries is a listed Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM (Original Design Manufacturer) industries.
The company is engaged in manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use.
Established in 1963, D&L has the largest market share in each of the industries it serves, as well as long-standing customer relationships with the Philippines’ leading consumer and manufacturing companies.