The code of conduct applies to the Board of Commissioners, Directors and employees of the Company (Members) as outlined in the code of conduct and business conduct’s manual prepared by the Company. The code of conduct represent a general guidelines for all Members in running business ethics and their work. The code of conduct aims to provide guidance on actions taken by Members to form the Company’s culture in accordance with the Company’s basic value.
The Company has disseminated the code of conduct to all Members by providing training and counseling as well as through various communication media.
The principles of code of conduct, among others:
- Business practices, Accounting and Financial Reporting
- Conflicts of interest
- Travel and Leisure
- The Company’s Confidentiality, Use of Assets, Information and Technology
- Use of the Company’s Letterhead and Title
- Fair Competition and Agreement
- International Business
- Exemption/Amendment of Code of Business Conduct and ethics; Amendment
- Compliance Procedure
Violations of the code of conduct constitutes violation of the terms and conditions of employment, and may result in sanctions up to disciplinary action to Members who violated. Submission of violation’s reports can be written and forwarded to the Senior Management or the Audit Committee. In conducting an investigation, Senior Management or the Audit Committee will reasonably protect the reporter’s confidentiality.
Senior Management or the Audit Committee will investigate each reported case and if necessary, take corrective and disciplinary action, which may include, individual or in groups, warning or reprimand letter, substitution, demotion, loss of service increase or employment termination. Senior Management or the Audit Committee may appoint employees of the Company and/or outside legal, accountant or other advisors, as appropriate, to conduct an investigation of any violations.
Senior Management or the Audit Committee will keep written data of all reports or questions. Personal data will be deleted immediately after investigation if the report is unreasonable within 12 (twelve) months, unless required for disciplinary or rule purposes.