The Aboitiz Group believes that it is the duty of the Board of Directors to advance the Group’s interests and those of its stakeholders. To this end, AEV has adopted a Policy on Conflict of Interest, which promotes an ethical corporate culture and prohibits directors, officers, team leaders, and team members from taking advantage of access to corporate property and proprietary information for personal gain. The policy also encourages the disclosure of relationships, actions, or transactions that may give rise to a conflict of interest.
In addition, AEV directors are required to abstain or inhibit themselves from any Board discussion or decision that affects or has relevance or relation to their personal, business or professional interests; are prohibited from engaging in any business that competes with or is antagonistic to the Group; and must notify the Board, through the Corporate Secretary, prior to accepting any directorship outside the Aboitiz Group during their term.