logo
logo
Good Governance

Good corporate governance is the bedrock of Bloomberry’s ability to protect shareholder value and create paths for a sustainable future. At the helm of Solaire’s stewardship is Bloomberry’s Board of Directors, who are ultimately responsible for Solaire’s sustainability and long-term growth.


Governance Structure

We depend on highly competent leaders to navigate our way toward a more sustainable future. Our Board of Directors, the highest governing body, is composed of seven accomplished business leaders with diverse and complementary backgrounds who oversee Solaire’s strategic direction toward long-term success. They are elected annually and serve for a term of one year.

Bloomberry empowers its Board to foster a culture of lawfulness, transparency, and accountability across our enterprise. Guided by the Code of Corporate Governance for Publicly-Listed Companies and the company’s Manual for Good Corporate Governance, the Board spearheads the protection of both shareholder interests and stakeholder welfare by ensuring that sound policies are in place. The Board provides a solid system of checks and balances; maintains an effective investor relations program; and ensures Solaire’s faithful compliance with laws, regulations, and best business practices. Likewise, it guides Solaire’s management in ensuring that corporate values translate into enabling policies and programs that propel Solaire to achieve its objectives.


Risk Management

Bloomberry employs an integrated risk management framework to further improve our decision-making processes and operational performance. In this light, Bloomberry is guided by its Enterprise Risk Management policy in creating structured responses to probable threats, both present and future.


Ethical and Lawful Practices

Integrity is a core value at Bloomberry — we enact what is right even when no one is looking. We always consider the need to balance economic ambition with moral fortitude. We are compelled to structure our practices around the rights of our stakeholders, team members, company, and society. At Solaire, we strictly observe the provisions of the Securities Regulation Code and comply with all relevant policies, laws, regulations, and best business practices concerning corruption, human rights, and labor.

Solaire employees undergo regular performance and career development reviews to supplement their training. The recommendations of our trainers aim to inspire employees to pursue professional growth continuously.

Anti-corruption

Like other businesses in the industry, Solaire is at risk of regulatory challenges such as bribery and corruption. However, by maintaining policies that prevent personnel from engaging in fraudulent activities, we continuously uphold the intrinsic value of good governance. Our Manual of Good Governance, Declaration of Affiliation, and Procurement Manual are the cornerstones of our anti-corruption policies.

Anti-money Laundering

Solaire maintains its adherence to Republic Act No. 10927, which designates casinos as covered persons under the Anti-Money Laundering Act. To ensure strict compliance with this law, Solaire conducted its first institutional money laundering and terrorist financing (ML/TF) risk assessment in December 2017 and adopted its Money Laundering and Terrorist Financing Prevention Program (MLTFPP) on February 1, 2018. These established the Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT) processes: (a) customer identification and due diligence(CDD)/Know-Your- Customer (KYC); (b) covered and suspicious transaction monitoring and reporting; (c) record-keeping; (d) employee training; (e) periodic risk assessment; and (f) internal audit.