AEV places a premium on the proactive engagement of their Directors with current industry dynamics and business trends to bolster the Group’s competitiveness. Equally vital is the assurance that all Directors have a clear understanding of their duties and responsibilities, supported by the necessary information to effectively fulfill their functions.
To this end, the AEV Corporate Governance Manual requires every director to undergo an initial onboarding session upon first appointment to the Board, and to commit to a continuing professional training program (formal and informal) to ensure that they remain abreast of the latest developments in internal policies, pertinent laws and regulations, and the diverse business risks relevant to the Group’s operations. Taking a hands-on approach, the Chairman of the Board, in collaboration with the Chief Compliance Officer, actively monitors the compliance with these requirements. This collaborative effort reinforces a commitment to continuous learning and professional development, positioning AEV’s leadership to navigate the complexities of the business landscape with acumen and foresight.
In 2023, AEV continued to organize its “Aboitiz Board Learning Sessions”, a series of online seminars with renowned experts across the globe. The seminars are intended to provide the Directors and Officers with current industry developments, business trends, and corporate governance practices. These aim to promote the Group’s competitive advantage, build on the techglomerate premium, and address any identified skill or competency gaps. These sessions were attended by the Directors and Officers of the various strategic business units, including AboitizPower.
AEV organized fifteen (15) Board Learning Sessions and two Virtual Asset Tours. The Securities & Exchange Commission (SEC) accredited some of these sessions in compliance with the four-hour mandatory corporate governance seminars for Directors and Officers of publicly listed companies.
