ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
B.4.4

Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring that they are being conducted at arm's length basis and at market rates?

Response

YES.  The Company' Related Party Transactions Policy prohibits the grant of personal loans, advances, guarantees and securities, in any manner, to its Directors, including their spouses and other dependents. 

 

References:

1. Website - Corporate Governance/Company Policies/Related Party Transactions Policy

2. Website - Corporate Governance/Board Committees and Charter/Board Charter, Section 9: Compensation of Board Members, Pages 8-9

3. Website - Annual Reports/ DMCI 2015 Annual Report, Page 106

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