ANNUAL CORPORATE GOVERNANCE REPORT
CORPORATE GOVERNANCE > ANNUAL CORPORATE GOVERNANCE REPORT
In compliance with SEC Memorandum Circular Numbers 5 and 9, Series of 2013 and 1 and 12, Series of 2014, MPIC submits to the Securities and Exchange Commission (SEC) the accomplished ACGR Form, which discusses MPIC’s Board and Committee responsibilities, code on business conduct and ethics, Board and Management remuneration, risk management and internal control system, stakeholder roles, corporate social responsibility initiatives, investor relations program and internal policy on sanctions, among others.
The Integrated Annual Corporate Governance Report (I-ACGR) is a tool to disclose publicly-listed companies’ compliance/non-compliance with the Recommendations provided under the Securities and Exchange Commission (SEC) Corporate Governance Code for PLCs, incorporating the CG practices found in the Philippine Stock Exchange (PSE) CG Guidelines for Listed Companies and ASEAN Corporate Governance Scorecard. The tool adopts a “comply or explain” approach which requires explanation for
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