Conflict of Interest
Conflict of Interest situations are subject to the review of the Board, in accordance with the internal control mechanism for the Board's oversight responsibility. Directors must avoid conflicts of interest while the Senior Management and Employees from engaging in the following activities:
1. Moonlighting or holding a second job or being employed on part-time or full-time basis during the prescribed working hours of the company, especially if such second job affects the efficiency of the employee.
2. Contracting personal loans or other property from persons with whom the office of the Team Member concerned has business relations.
3. Contracting personal loans or engaging in commercial lending activities with co-team member or their immediate family; granting or guaranteeing a loan from, or through the assistance of any individual or organization having business dealings with the Company.
4. Soliciting or accepting any advantage in connection with his/ her work without authorization. The term "advantage" includes gift, loan , fee, lucky money, reward, employment, contract, service and favor etc.
5. Working for, becoming partners with, or investing in an actual competitor, supplier or customer of the company.
6. Voluntary taking a position adverse to the company in a lawsuit (unless summoned by a judicial court and subpoena is duly served), except where the complainant is the Team Member himself.
7. Failure to disclose to the company, any financial interest or position of responsibility that the Team Member or any member of his/her immediate family or his/her outside business partners have with a third party doing business or competing with the company, as well as any adverse interest they may have in a legal proceeding involving the company.
8. Disclosing or revealing company confidential information, which may include but not limited to, marketing and operation plans, marketing programs, market studies, profitability statistics, preferential purchase and service contracts, corporate strategies, customer's and Team Member's information.
The Corporation observes the provisions of the Securities Regulations Code, particularly its prohibitions on fraud, manipulation and insider trading.
Related Party Transaction
The Corporation observes the provisions of the Securities Regulations Code (Republic Act No. 8799), particularly its prohibitions on fraud, manipulation and insider trading.
The Company applies arm's length principles in the review, approval or ratification, monitoring and recording of related party transactions between and among the company and its parent, joint ventures, subsidiaries, associates, affiliates, substantial stockholders, officers and directors, including their spouses, children and dependent siblings and parents and of interlocking director relationships of members of the Board. Furthermore, anyone involved in a related party transaction should not be the approving authority for such transaction. The presence of a director involved in a related party transaction should not be counted in the determination of quorum.
Policy and Data Relating to Health, Safety and Welfare of the Employees, including company sponsored trainings
The Company has a strong commitment to meeting the needs of stakeholders and co-workers striving to ensure their full satisfaction.
The Corporation does not have a whistle-blowing policy.