Outstanding Corporate Governance. Atty. Vem King, Jollibee Group’s Associate General Counsel, EMEAA, Corporate & Commercial Global, and Legal Business Partner Global and Philippines, (2nd from left), receives the Golden Arrow Award on behalf of the Company during the recently held ASEAN Corporate Governance Scorecard Awards by the Institute of Corporate Directors. This is the third consecutive year that the Jollibee Group has been cited for its strong corporate governance practices.
MANILA, Philippines.– The Jollibee Group has been awarded the 1-Golden Arrow Recognition from the Institute of Corporate Directors (ICD) for the third consecutive year, reinforcing its reputation for transparency, accountability, and strong governance practices. The recognition, presented during the recent Golden Arrow Awards, highlights the company’s continued commitment to upholding the highest standards in ethical leadership and corporate responsibility.
“Receiving this award for the third year in a row reflects the Jollibee Group’s dedication to doing business the right way—responsibly, transparently, and with integrity. It also affirms our commitment to corporate governance and sustainability, as we continue our journey towards becoming one of the top five restaurant companies in the world,” said Jollibee Group Global Chief Legal, Ethics and Compliance Officer Atty. Valerie Feria Amante.
The Golden Arrow Awards evaluates publicly listed companies across the region based on their adherence to corporate governance principles measured through the ASEAN Corporate Governance Scorecard (ACGS). Companies like Jollibee Group that earn a score of 80 points or higher are awarded the prestigious Golden Arrow, signifying their conformance with both the Philippine Code of Corporate Governance and international best practices.
The ACGS measures corporate governance performance across several key areas, including shareholder rights, equitable treatment of stakeholders, transparency, and the board’s role in strategic leadership and oversight. The scorecard’s goal is to raise the bar for governance standards in the Philippines and help attract long-term investment by showcasing well-governed companies.
About Jollibee Group
Jollibee Foods Corporation (JFC), also known as the Jollibee Group, is one of the world’s fastest-growing restaurant companies, with a mission to deliver great-tasting food, bringing the joy of eating through its 19 brands with over 9,500 stores across 32 countries.
The Jollibee Group’s portfolio includes eight wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger), four franchised brands (Burger King, Panda Express, Yoshinoya in the Philippines, and Tim Ho Wan in China), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology.
Through its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), the Jollibee Group holds a 92% participating interest in Titan Dining LP, a private equity fund that owns the Tim Ho Wan (THW) brand. It has a joint venture with the THW Group to expand THW in China. It also established a joint venture company that holds the franchise rights to operate Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines. The Company also holds a 90% stake in Titan Dining Partners II Ltd for growing Asia-Pacific food service brands.
The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).
The Jollibee Group has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.
To learn more about Jollibee Group, visit www.jollibeegroup.com
