Manual on Corporate Governance

In 2002, the Company adopted a Manual on Corporate Governance in order to institutionalize the rules and principles of good corporate governance in the entire organization in accordance with the Code of Corporate Governance. The Manual on Corporate Governance is revised pursuant to SEC Memorandum Circular No. 6, Series of 2009 and as amended by SEC Memorandum Circular No. 9, Series of 2014.

Manual on Corporate Governance 2017
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Manual on Corporate Governance 2014
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Manual on Corporate Governance 2010
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Corporate Governance Guidelines

Corporate Governance Guidelines 2016
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Corporate Governance Guidelines 2015
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Code of Business Conduct and Ethics

To provide guidance to all of our colleagues and partners on the conduct of our business according to the highest ethical standards. By adhering to the Code, we uphold our Values and Attributes. Our Company’s brand and reputation is best known for its trustworthiness — an attribute that we intend to uphold in all that we do.

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Annual Corporate Governance Report

2016 Annual Corporate Governance Report
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2015 Annual Corporate Governance Report
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2014 Annual Corporate Governance Report
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Integrated Annual Corporate Governance Report

Integrated Annual Corporate Governance Report 2018
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Board Committees

Corporate Governance Committee

The Company’s Corporate Governance Committee is tasked to assist the Board in the performance of its corporate governance responsibilities. It shall oversee the implementation and periodic review of the corporate governance framework, oversee periodic performance evaluation of the Board, recommend continuing relevant education/training programs for directors, assignment of tasks/projects to board committees, succession plan for the board members and senior officers, and remuneration packages for corporate and individual performance, determine the nomination and election process for the Corporation’s directors and the general profile of board members, and ensure that the nomination and election policy and procedures are conducted properly. It is composed of at least three (3) members, two of whom are independent directors, including the Chairman.

Its members are:
Alejo L. Villanueva Jr. (Independent Director) - Chairman
Sergio R. Ortiz-Luis, Jr.(Independent Director)
Kevin Andrew L. Tan

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Board Committee Charters

Audit Committee Charter
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Corporate Social Responsibility

These activities are undertaken directly at the subsidiary and associate level. Some of the Company’s directors and officers may render some form of community service or social responsibility activity in connection with the activities of the respective subsidiaries and affiliates that they handle.

Enterprise Risk Management

The Board, thru the Audit Committee, reviews the effectiveness of the Company’s, including its subsidiaries and affiliates, risk management system with emphasis on monitoring of existing and emerging risks as well as risk mitigation measures and on identifying risks before these cause significant trouble for the business. Based on the set guidelines, directors are assigned specific subsidiaries, affiliates or business where they monitor compliance of the risk management system.

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Company Policies

The Board, thru the Audit Committee, reviews the effectiveness of the Company’s, including its subsidiaries and affiliates, risk management system with emphasis on monitoring of existing and emerging risks as well as risk mitigation measures and on identifying risks before these cause significant trouble for the business. Based on the set guidelines, directors are assigned specific subsidiaries, affiliates or business where they monitor compliance of the risk management system.

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