Related Party Transactions Policy

  

Related Party Transaction Policy

 

The Corporation observes the provisions of the Securities Regulations Code (Republic Act No. 8799), particularly its prohibitions on fraud, manipulation and insider trading.

 

The Company applies arm's length principles in the review, approval or ratification, monitoring and recording of related party transactions between and among the company and its parent, joint ventures, subsidiaries, associates, affiliates, substantial stockholders, officers and directors, including their spouses, children and dependent siblings and parents and of interlocking director relationships of members of the Board. Furthermore, anyone involved in a related party transaction should not be the approving authority for such transaction. The presence of a director involved in a related party transaction should not be counted in the determination of quorum.

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