Manual of Corporate Governance

The Manual on Corporate Governance (Manual) is the corporate governance charter of the Company. It is a clear statement by the Company, its Board of Directors, Management, Employees and Shareholders, that corporate governance is a necessary component of sound strategic business management. The Manual was approved by the Board at its regular meeting on August 14, 2002. The Manual has since been reviewed, revised, updated and amended by subsequent Board actions in keeping with evolving best practices.


A copy of the Company’s Manual can be accessed by clicking the links below:


Manual on Corporate Governance (as of July 31, 2014)

Amended Manual on Corporate Governance (as of May 31, 2017)

Amended Manual on Corporate Governance (as of January 31, 2019)

Code of Ethics & Business Conduct

The Code of Ethics and Business Conduct (Code) adopted by the Company in 2002 and updated in 2016 sets out how the Executive Management, team leaders and team members can achieve and maintain ethical standards in the Company’s day to day operations and summarizes the Company’s fundamental policies and directives.


Since the approval of the Amended Code, Directors, Officers, Team Leaders and Members had undergone training and thereafter affirmed their commitment of the Code by signing the Personal Commitment Form.

Please click here for a copy of the Code.

Board Performance Assessment

Every member of the Board annually assesses the Board’s, the CEO’s, and their own individual performance through a Board Assessment Review initiated by the Board Corporate Governance Committee. Results of the Board, Self, CEO, Group Internal Audit Head, Compliance Officer and Chief Risk Officer Assessments  are presented to the Board Corporate Governance Committee and circulated to the Board for their feedback and confirmation.

Copies of the Assessment Forms can be accessed by clicking on the following links:


Board Performance Assessment Form
Individual Director Performance Assessment Form
CEO Assessment Form
Annual Board Assessment for GIA, CCO and CRRO 

HR Policy

The Company treats its people as its greatest and most valuable asset. The Company strives to create an atmosphere that will allow all team members to excel and grow through training, value orientation, and proper motivation for them to achieve their individual aspirations in line with the corporate goals and objectives.


To encourage all team members to adopt their own set of leadership behavior and to employ their inherent creative talents in pursuit of excellence, the Company has set up a Human Resources (HR) Policy which cater to the different needs of employees and likewise serves as a guide to maximize employee contribution.



The Company’s HR Policy is accessible through the Company portal and covers the following:


  • Terms of Employment
  • Recruitment Procedure
  • Employment Policy
  • Team Member Services
  • Rules on Working Hours
  • Aboitiz Group Talent Management Program
  • Disciplinary Action
  • Termination or Change of Employment
  • Cash Advance and Expense Reimbursement
  • Compensation & Benefits
  • Leaves
  • Loans
  • Retirement Benefits
  • Performance Appraisal
  • Employee Health and Safety
  • Government Mandated Policies
  • Miscellaneous Provisions
  • Information Security Policies
  • Reputation Management Policies
  • Corporate Governance

Data relating to the Health, Safety and Welfare of Employees are provided in the Integrated Annual Report and Definitive Information Statement.

Other Company Policies
Anti-Sexual Harrassment Policy

Consistent with our core values, including respect for individuals and cultures, the Company is committed to a workplace in which all individuals are treated with dignity and respect. Each individual should have the ability to work in an environment that promotes equal employment opportunities and prohibits discriminatory practices, including harassment. Therefore, the Company expects that all relationships among persons in the workplace will be professional and free of bias, harassment or violence.

To this end, the Company has adopted, among other initiatives, an Anti-Sexual Harassment Policy, in accordance with the provisions of Republic Act No. 7877 or the Anti-Sexual Harassment Act of 1995.