COMPANY POLICIES

CORPORATE GOVERNANCE > COMPANY POLICIES

Whistle-Blowing Policy

In recognition of the fact that employees may be discouraged to report irregularities for various reasons, the Company adopted a Whistle-blowing Policy (“Whistle-blowing Policy”) as an internal control mechanism, consistent with the purpose of maintaining internal corporate justice. The Whistle-blowing Policy provides an internal and confidential reporting channel to report any serious concerns about any suspected misconduct, malpractice or irregularity in the Company.

 

Whistle-Blowing Policy (for download)

Conflict of Interest Policy

The Company’s Conflict of Interest Policy (“COI Policy”) is designed to ensure that the principles of integrity, transparency, accountability and fairness are upheld in all transactions and official actions of the Company. The COI Policy also requires the Company’s directors, officers, employees and consultants to ensure that all work-related decisions, business decisions, actions or inactions are above-board and based on sound business judgment and devoid of bias or impartiality.

 

Conflict of Interest Policy (for download)

Related Party Transaction Policy

As a complement to the COI Policy, the Company’s Board also adopted a Related Party Transactions Policy (“RPT Policy”), in recognition of the underlying potential conflicts of interest which may arise from related party transactions which could compromise the best interest of the company and its shareholders. The Company requires that any related party transaction must:

(i) be at arm’s length, and (ii) is in the best interest of the Company and its shareholders as a whole, considering the relevant circumstances.

 

Related Party Transaction Policy (for download)

Insider Trading Policy

The Insider Trading Policy regulates the dealing or trading of the Company’s shares while in possession of material, non-public information. The Company’s Compliance Officer regularly sends out Blackout Notices to the whole organization prohibiting any director, officer, employee or insider of the Company from transacting MPIC shares during an identified Blackout Period. The Insider Trading Policy also requires directors and covered officers of the Company to properly disclose their dealings of shares of stock of the Company in accordance with the rules of the PSE and SEC.

 

Insider Trading Policy (for download)

Board Diversity Policy

Consistent with MPIC’s commitment to the principles of good corporate governance, the Board Diversity Policy was approved to ensure that the Board has suitable mix of expertise, experience and skills that would promote critical thinking and balanced decision-making that is in line with the Company’s strategic goals and objectives. The Policy emphasizes that the primary consideration in the nomination and selection of directors shall always be merit, and that nominees shall not be discriminated against by reason of gender, religion, ethnicity, age and other factors.

The Board Diversity Policy was approved by the Board on November 7, 2018.

Board Diversity Policy (for download)

MPIC Guidelines on Search, Screening and Selection of Directors

The Company adopted the Guidelines on the Search, Screening and Selection of Directors to help attain an effective and efficient search, screening and selection of candidates for election as members of the MPIC Board of Directors. The Guidelines set forth the procedures and safeguards in the director selection process which include, among others, the utilization of executive search firm (if necessary) to develop a list of nominees to the Board, ensuring thereby that: (i) the composition of the Board is an effective and balanced mix of knowledge, expertise, experience, complementary skills and talents that are mutually enforcing and promote diversity in terms of gender and ethnicity, among others; and (ii) the selection of directors and independent directors is aligned and consistent with the Company’s Mission, Vision and strategic directions and the Board’s duties and responsibilities.

MPIC Guidelines on Search, Screening and Selection of Directors (for DL)

MPIC Succession Planning Policy

The policy layes down the guidelines that management shall consider in identifying and preparing candidates in management to assume bigger responsibilities in case of vacancies in senior management positions due to retirement, resignation, incapacity or other reasons.

The Company’s Succession Planning Policy was approved by the Board on November 7, 2018.

MPIC Succession Planning Policy (for download)

MPIC Policy on Gifts, Entertainments and Sponsored Travel

This policy provides the general guidelines for directors, employees and consultants on how to handle Gift, Entertainment and Sponsored Travel offered by parties dealing with the Company to ensure that the custom of giving gifts and entertainment is not used by third parties to gain undue advantage or influence the objectivity of the Company’s directors, employees and consultants in the performance of their duties.

MPIC Policy on Gifts, Entertainment and Sponsored Travel (for download)

MPIC Supplier Code of Conduct

This policy lays down the principles that the Company shall adhere to in its dealings with suppliers. The MPIC Supplier Code of Conduct was approved by the Board on November 7, 2018.

MPIC Supplier Code of Conduct (for download)

MPIC Policy on the Respect for and Protection of the Rights of People

This policy lays down the general framework by which the Company shall do business in a manner that respects and promotes human dignity. The MPIC Policy on the Respect for and Protection of the Rights of People was approved by the Board on November 7, 2018.

MPIC Policy on the Respect for and Protection of the Rights of People (for DL)

BACK TO CORPORATE GOVERNANCE PAGE

10th Floor, Makati General Office Building
Legazpi corner Dela Rosa Street
Legazpi Village, 0721 Makati City
Philippines

+632-8888-0888
info@mpic.com.ph

Home

About Us

Investor Relations

CSR

Sustainability

Corporate Governance

Company Disclosures

Calendar

Contact Us

10th Floor, Makati General Office Building
Legazpi corner Dela Rosa Street
Legazpi Village, 0721 Makati City
Philippines

+632-8888-0888
info@mpic.com.ph

© 2019 Metro Pacific Investments Corporation

Privacy Policy | Terms and Conditions