GOVERNANCE


Corporate Governance

In 2020, our commitment to provide an inclusive and enabling environment for all our stakeholders compelled us to adopt several changes. These have transformed how we communicate and do business with one another, as well as strengthened our commitments to greater board diversity and our policies on full disclosure.

The year put our risk management processes and previous years of preparations to the test. Yet it is precisely challenges like this pandemic that hone great companies and, if they make the right choices, position them for new levels of growth.

 

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Best Practices in Corporate Governance

As mandated by the Securities and Exchange Commission (SEC), CHI recognizes and abides by the principles of good corporate governance and complies with the Code of Corporate Governance, which specifies the roles, duties, and responsibilities of our Board of Directors in line with Philippine laws.

Our Board and Management constantly aim for high governance standards and are held accountable for upholding ethical behavior at all times. Corporate governance is our primary system of stewardship and control that guides our Company in fulfilling its long-term economic, moral, legal, and social obligations.

We have also adopted the ASEAN Corporate Governance Scorecard and the requirements of the Philippine Stock Exchange

(PSE) and SEC Integrated Annual Corporate Governance Report for assessing our performance and reporting on other matters related to governance. CHI has been listed on the PSE since February 1994. Institutionalizing these principles and systems in our operations guarantees CHI’s long-term ability to create value for its shareholders, stakeholders, and the nation.

Further information on our corporate governance systems may be accessed through our Company website (https://www.cebuholdings.com/).