ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
C.1.8

Does the company disclose the activities that it has undertaken to implement the above mentioned policies? Supplier/Contractor selection and criteria

Response

YES. The policies on Supplier and Contractor selection and criteria were uploaded on the company’s website and disclosed to the PSE and SEC.

We shall assess and select our suppliers and contractors based on the following standards: 

• Companies which are duly registered in the Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR) and other appropriate regulatory bodies

• With at least three years in business operations

• Compliant with government rules and regulations and other mandated quality system requirements, if applicable

• With good track record for business performance 

 

Reference:

1. Website -  Corporate Governance/Company Policies/Amended Supplier and Contractor Policy

2. 2015 Consolidated Changes to the Annual Corporate Governance Report (page 47)

3. 2015 Annual Report, Page 111

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