Corporate Governance Champions
The Company adheres to the principles of fairness, accountability, integrity, transparency and honesty as its core values of sound corporate governance. Commitment to these values aids the Company in sustaining an ethical culture where management and employees have high regard for legal and regulatory compliance, integrity and business ethics and zero-tolerance for improper behavior.
In line with this, corporate governance policies including the Revised Manual of Corporate Governance and Revised Code of Ethics are issued to guide the Board of Directors, officers, executives, and employees of MERALCO in doing what is right. In order to cascade and instill these policies throughout the organization, the Corporate Governance and Compliance Office (CGCO) regularly conducts corporate governance roadshows and information drive, including the ten (10) roadshows conducted for the Networks group for 2017.
Since the corporate governance policies have been cascaded to the organization, it is necessary that observance of these policies be monitored and ensured by designating corporate governance advocates, the CG Champions, who will assist CGCO in the CG policy awareness and implementation as well as in building sound business ethics program for Networks.
The CG Champions shall be regular Meralco employees in good standing and have no record of infractions or violations of Code on Right Employee Conduct or COREC. The Champions shall embody the values promoted by the Corporate Governance Office, namely: Fairness, Accountability, Integrity, Transparency, and Honesty.