ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.3.20

Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?

Response

YES. The company's risk management systems and internal controls are disclosed in the 2015 Consolidated CHanges to the Annual Corporate Governance Report which was filed to the PSE and SEC on January 8 and 11, 2016 respectively.  The same will be appended in the filing of the Company's Annual Report in April 2016. 

The Board of Directors reviewed the Company's material controls and issued a Statement of BOD's responsibility for internal controls and risk management system.  This has been posted in the Company's website. 

 

Reference:

1. 2015 Consolidated Changes to the Annual Corporate Governance Report - Pages 41-42

2. PSE EDGE Disclosure/Annual Corporate Governance Report, January 11, 2016

3. Statement of Board of Directors' REsponsibility for Internal Controls and Risk Management System. 

 

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