Compliance
System
Responsibility for Good
Governance
Good corporate governance is the
responsibility and concern, not only of the Board of Directors and
management, but also of each and every employee of the
Company.
The Compliance
Officer
To insure adherence to corporate
principles and best practices, the Board shall designate a
Compliance Officer. He shall perform the following
duties:
- Monitor compliance with
the provisions and requirements of this Code;
- Appear before the Insurance
Commission upon summon on matters concerning the Company;
- Prepare and submit to the
Insurance Commission all reports or disclosures required under
this Code;
- Determine violations of the
Code and recommend sanction for violation thereof for and
recommend sanction for violation thereof for review and approval
of the Board;
Communication and
Dissemination
- This Code shall be
available for inspection by any stockholder of the Company at
reasonable hours on business days.
- All Directors, executive,
division and department heads are tasked to ensure the thorough
dissemination of this Code to all employees and related third
parties, and to likewise enjoin compliance in the process.
Monitoring and
Assessment
- The Compliance Officer shall
establish an evaluation system to determine and measure compliance
with this Code.
- This Code shall be subject to
annual review by the Board.
