JG Summit Holdings, Inc. (“JGSHI” or the “Company”) upholds its commitment to doing business in accordance with its long-held values in exercising the highest ethical standards of always acting in good faith and in the best interest of all stakeholders. These values, which extend to corporate governance, have been the foundation of the Company in advocating and promoting the principles of integrity, fairness, transparency and accountability.
JGSHI continuously strives to strengthen and improve its governance practices within the framework of evolving laws and regulations of the Securities and Exchange Commission (“SEC”) and the Philippine Stock Exchange (“PSE”) on the recommended corporate governance principles and industry best practices. This includes reinforcing its principles across different corporate governance areas, namely: the Board of Directors’ (“Board”) governance responsibilities, disclosure and transparency, internal control and risk management frameworks, cultivation of synergic relationship with shareholders, and duties to stakeholders. Consequently, there is an ongoing and regular review of JGSHI’s numerous company policies, guidelines, and standards, such as its Code of Business Conduct, which all of its operating companies and employees are expected to follow.
In addition, JGSHI considers that compliance with the highest standards of corporate governance translates to better value propositions for shareholders and customers, minimized risks, growth, and sustainability. The economic value generated by a well-managed and governed enterprise not only benefits shareholders, but also the local communities through job creation and the promotion of a healthy community through the Company’s corporate social responsibilities (“CSR”) programs. Ultimately, in its pursuit to heighten observance of good corporate governance in light of emerging trends, JGSHI is resolutely and relentlessly carrying out its business purpose and intention of offering better choices to its customers, and of creating shared success with all its stakeholders.