Creating Sustainable Businesses through T.R.A.F.F.I.C.

MAKATI CITY, December 04, 2019 – The Institute of Corporate Directors (ICD), with Angkas as co-presenter, is holding its annual Corporate Governance Conference (CGCON) on the 26th of March 2020 with the theme – “How T.R.A.F.F.I.C. Creates Sustainable Businesses”. The conference introduces T.R.A.F.F.I.C., short for Transparency, Responsibility, Accountability, Fairness, Foresight, Innovation, Culture, as a business mindset for companies in achieving sustainability.

The conference will feature notable thought leaders that will create a dialogue to break the unconscious bias between emerging technology companies & disruptors, and the practice of good corporate governance. One of the keynote speakers for the conference is Dr. David Hanson, a renowned American roboticist, Founder and Chief Executive Officer of Hong Kong-based company - Hanson Robotics, and creator of most popular humanoid Sophia.

With the emerging technological innovations brought by the Fourth Industrial Revolution (FIRe), the conference aims to imbibe T.R.A.F.F.I.C. as a mindset for businesses in order to succeed in long-term value creation for the benefit of all stakeholders. The conference expects an audience consisting of board chairs and directors, CEOs, CFOs, compliance officers, senior executives and managers, policy makers and regulators, institutional investors, and academics.

“The era of FIRe calls for agile governance. The corporation must develop the ability to respond to rapid technological changes. The objective is not just to survive but to achieve sustained prosperity through long-term value creation for the benefit of its shareholders as well as other stakeholders and society as a whole. Successful governance by a future-prof board of directors under FIRe must be guided by the principles of transparency, responsibility, accountability, fairness, foresight, innovation, and culture – i.e., T.R.A.F.F.I.C.”- Alfredo E. Pascual, President, Institute of Corporate Directors

The CGCON 2020 was officially launched at Discovery Primea, Makati City on the 04th of December 2019.

The Institute of Corporate Directors (ICD) is a non-stock, not-for-profit organization dedicated to the professionalization of Philippine corporate directorship by raising the level of corporate governance policy and practice to world-class standards. The institute was established in 1999 in the aftermath of the Asian financial crisis. Today, ICD is recognized as a national and regional resource for advocacy of good corporate governance and training of board directors. It is a member of the Global Network of Directors Institute (GNDI). It is accredited with the Securities and Exchange Commission, Bangko Sentral ng Pilipinas, Governance Commission for Government Owned and Controlled Corporations, Insurance Commission, Career Executive Service Board, and the Civil Service Commission. Moreover, it has established relations with key foreign institutions involved in corporate governance, such as, the Organisation for Economic Co-operation and Development (OECD), the Asian Development Bank, the International Finance Corporation and the ASEAN Capital Markets Forum.

Angkas is the first on-demand motorcycle-hailing mobile app platform in the Philippines that matches professional, safe and accountable bikers with users.

Given the worsening traffic in major urban areas in the country, Filipinos require more and better transport options, whether to transport themselves, or to have items delivered. Angkas is an immediate solution to the worsening congestion in the country, giving commuters a safe, viable, and affordable way to beat the traffic. Today, Angkas has over 3 million downloads and has onboarded 27,000 biker-partners to serve Metro Manila and Metro Cebu. Their consistent 99.997% safety record is due to their rigorous vetting and training process, only passing about 30% of all applicants. As a company that utilizes technology at the heart of their services, Angkas has changed the way Filipinos think about inclusive mobility.

Angkas is a co-presenter in CGCON 2020, serving as an example for good governance in the Fourth Industrial Revolution.