Manual on Corporate Governance
Code of Conduct and Business Ethics
Annual Corporate Governance Report
Board Committees and Charters
2015 SMPC Integrated Annual Report
Our corporate governance framework aims to nurture a culture of ethical conduct, optimum performance, transparency and accountability across our organization and subsidiaries. It adopts the Organization for Economic Cooperation and Development (OECD) Principles of Corporate Governance globally accepted by policymakers, investors and other stakeholders.
It reflects a governance framework that governs the performance of our Board of Directors and Management of their respective duties and responsibilities to our stockholders and other stakeholders, which include customers, employees, suppliers, creditors, business partners, government and community where our Company operates.
RIGHTS OF SHAREHOLDERS
Our governance framework protects and facilitate the exercise of basic shareholder rights. It maintains a share structure that gives all shares equal voting rights.
EQUITABLE TREATMENT OF SHAREHOLDERS
Our governance framework ensures equitable treatment of all shareholders and provides them the opportunity to obtain redress for violation of their rights. It has a share structure of one class of common share with one vote for each share.
ROLE OF STAKEHOLDERS
Our Company protects the rights and interest of stakeholders as established by law or through mutual agreements. Stakeholder engagement is embedded in our governance processes to promote continuous communication, harmonious relationship and cooperation with various stakeholder groups.
DISCLOSURE AND TRANSPARENCY
Our Company commits to a regime of open disclosure and transparency of material information regarding financial performance, ownership and business updates.
RESPONSIBILITIES OF THE BOARD
Our Board of Directors is responsible for the overall governance of our Company. It adopts good governance practices to ensure effective Board leadership and performance for the achievement of the Company’s strategic and business objectives.