AEV and AboitizPower believe that their directors should remain abreast with current industry devel- opments and business trends in order to promote the Group’s competitiveness. It is equally important that all directors are aware of their duties and re- sponsibilities, and provided with all the information needed to discharge their functions.
The AEV and AboitizPower Revised Manuals require every director to (i) undergo an initial onboarding session upon first appointment to the Board, and (ii) commit to a continuing professional training program (formal and informal) to be kept updated on recent developments in internal policies, relevant laws and regulations, and various business risks relevant to the Group. The Chairmen of both Boards, with the assistance of their respective Compliance Officer, ensure that directors and key officers comply with these requirements.
On September 9, 2020, the Aboitiz Group conducted, as scheduled, its Annual In-House Corporate Gover- nance Seminar. The seminar was held virtually for the first time and the online platform provided a safe and convenient venue for the Group’s directors and key officers, to listen to and interact with experts from different parts of the globe regarding current and relevant corporate governance issues. The webi- nar was accredited and the proceedings monitored by representatives from the SEC. In 2020, all of the AEV and AboitizPower directors and officers attend- ed a corporate governance seminar in compliance with the SEC’s Code of Corporate Governance.
In 2020, the directors and officers attended the following seminars and learning sessions: