Company’s Policies

 

Whistle-blowing Policy

The Committee on Ethics accepts reports of wrongdoing by the Company’s directors, senior management and employees and investigates them while at the same ensuring confidentiality of information.

 

Conflict of Interest Policy

A director should not use his position to profit or gain some benefit or advantage for himself and/or his related interest. If an actual or potential conflict of interest may arise on the part of a director, he should fully and immediately disclose it and should not participate in the decision-making process.

Before an employee enters into an official transaction with a supplier or contractor, he should disclose in writing to his immediate supervisor any relationship or association that binds him to the supplier or contractor or its authorized representative to avoid possible conflict of interest.

 

Insider Trading Policy

 

Related Party Transactions Policy

1) Related Party Transactions

(a) Policies and Procedures

 

Related Party Transactions Policies and Procedures
(1) Parent Company Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.
(2) Joint Ventures Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.  These are in the nature of cash advances made to landowners for pre-development expenses.  Repayment in full is made upon completion of the project.
(3) Subsidiaries Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.
(4) Entities Under Common Control Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.
(5) Substantial Stockholders Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.
(6) Officers including spouse/children/siblings/parents Ensure that transactions are entered into on terms comparable to those available from unrelated third parties. Disclosure of relationship or association is required to be made before entering into a transaction. Officers shall have no participation in the approval of the transaction.
(7) Directors including spouse/children/siblings/parents Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.  Disclosure of relationship or association is required to be made before entering into transaction. A Director, who has an interest in the transaction, shall have no participation in the approval of the transaction.
(8) Interlocking director relationship of Board of Directors Ensure that transactions are entered into on terms comparable to those available from unrelated third parties.  Disclosure of relationship or association is required to be made before entering into a transaction. No participation on the part of an interested director shall be allowed in the approval of the transaction.

 

Policy and Data Relating to Health, Safety, and Welfare of Employees

The Company is committed to maintain a safety and security program for its employees, which is periodically updated and revised.

The Company provides free health care coverage to its employees.

The Company periodically upgrades its security procedures and facilities to ensure the safety of employees in the workplace.

The Company recently established the Megaworld Learning Academy (“MLA”), which institutionalizes training programs for all employees with the view of improving organizational performance thru professional development. The MLA seeks to address the developmental needs of employees through Orientation Programs, Institutionalized Programs, Career Development Programs, Management Development Programs, Leadership Programs, and other training programs.