ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.3.16

Does the company have a separate internal audit function?

Response

YES. The responsibilities of the Company’s internal audit are indicated in its Manual on Corporate Governance.  The internal auditor reports directly to the Audit Committee in accordance with the Audit Committee Charter.  On August 13, 2015, the Board of Directors appointed Punongbayan & Araullo as its  independent internal auditor.   

 

References:

1. Manual on Corporate Governance , Accountability and Audit, Item D

2. Website/Disclosures/2015/SEC 17-C/Board Meeting Results, August 13, 2015.

Office of the Chief Compliance Officer
Tel. (632) 888 3000
Fax. (632) 816 7362
Email: dmcihicorpgov@gmail.com