Professional Documents
Culture Documents
ANDEXCMNGE
COMMISSION
SECFORM-ACGR
ANNUALCORPOMTEGOVERMNCEREPORT
1, Reponb tiledforlh6y.r
_ 2012
000-132'413-000
(632)528ooo
L Fms name,adde$ andlis6l y6r. if
ch.ngedsine lasl roPon
=E:
JUt{2I 20t3
,
perAnicbsof Inco@oration
Number
ol OnecloG
Aclua Nlmbefof Direclors
forthevear
10
a)Composil
onol lhoBo.rd
tifto,
20t0
2012
lheCorporalion
Codeandthepovisions
ofth6Corpo.ate
Gove,nance
Manu5t(,CG
Manu5l')
c) Fequencyot Boad eview andapprovatot the vison andmission
The Bo.rd revis the milsionandlbion as ne@lsaryandas p6.ij6bt.
d) Diecto6hipin olher Comp,nies
(iJDtrcioEhip
in CompanysGbup?
(Etcculive, Non.&.u{vi
(i) DiEcto6hip
inOlherListed
Compantes
(Erccurrv,Non-Er.cuttuo,
rnd.pendn0.
Indlcat.
It
[,r31rcPacflc Tol]w5yscolp.
lTl.crcupircompdsdof
dep&nr,subridhft5.$socitrErdidjoinrv.nr
(iii)
Relalionshipwilhin
theCompa.yandnsG@up
Prolld6delails,
as andilapplic.be,ol anyrc atio.snoru the
membe6oflhoBoa.dot Direciors,
whlchInkslhemto slgniicant
sha@hold
in lhecomp.nyand/or
in its9.oup3.
(iv)
lr yes,biflyde6crib
olherguid.ln6s NA
cEo
(c) Shaeholdinsin lh Conpany
Complere
rhlollowrnO
lebleon lh6 nnbs6 of lhe company'sSoardol
ownsha.esin thecompany:
OiecroGwhodir.ctly.nd indirectly
113,313
YesI
tdenlirylhChairandCEO:
(b)Ror6s,
andDerivEbles
Ac@untabilhi4
of lhe chalman
oelineandclant $e rol6s,a@untabilitiesanddeliverables
.ndcEo.
G.neGcaE.nd sup.Rision
ol thebusinessandattairsor
ine CdpoEtionandpertom
3uchotler d0li* as maybe
pEctt*: penm slcn ofP
Respoisibleior m.[E 8nd
forge^eEl..
R.sponsible
P4r5
(Exculiv.,
5) Chan9e6
in iheBoadof D reclors
Non-Execulive
andIndepend.d
(.) R.i9nalion/Death/Rem@al
Indicale
ary changes
in thecompos(lon
otlhd soardof D rectoBthat
h.ppnd
duringlnep od:
aNNu^L
coircMrE GovENANcE
REPoqr
andnon-executivo
d r*lors,
disolosed
lo thSECandlhe
quslfiionsselfodhn the
Conpany@b3it, dotLty
ig
ele.lbn to tF ao.d. lo th
Noli.e.Withi. . casoiable
In add(ionrolhe abov.,rh.
tie d squaif6lioi3
Poss,ass
and2 indpsndoni
dtoloE
rc.6ivngthhlgh6st.umber
disquarir5rion
ar *l lonh h
quarillc.rions
ot rhdtcrors
ptuvrde
tor
addLlon.grcund5
F48
Pu6untro
theBy-rak rhe
by(heaffimatvevoteorthe
ih 'ds (2l3)orilie ourslandnq
caPLrslock
enlilled
io vole
notceasprcvided
in seclon
23ollhecoDoraloncode.
d squalificaton
asserionhin
samecnrenaas
n ia)hercoi
volingResutof thetastAnnuatcenera
ireeling
Therewereonly10 nominees
to lhe tO aoardseatslo be ti ted On motonduy
se@nded
a|| the l0 direcloG
weredeemedetected
by a[ srockhotders
present
i;
perconor by p.oxyduringthe 2012Annuastockholderc'
Meeti.g.Totatnumb6.ot
shares.opsented
is 1 792.467,964
or89.62.1ofthe
2 bitionou6tanding
sha.es.
ThediecloAare:
Prosram
O Onenblo. andEducation
ore.latioiprosBmrornewdirectors,
il
{a) Discosurdolailsol lhecompanys
(b) Sratea-y in.house
t_aii.gande{m8lco-rses
ale-deoby D.eclo\ dna
pastthree(3)yeaE
SeniorManagemenl'foflhe
programs
(c) Continulng
educalonprogranslordnedo6:
andsemlnars
and
year.
ELndlables
.tndeddu.inglhe
MCLE
p4il0
B-CODEOFBUSINESS
CONDUCT
& ETHICS
1) Disclssbdefylhecompafyspoiciesonlheiollowirgbusiness
@nducl
or
ns
eihicsatrect direclorsFeniorflanaoemenl
andemployees
Floll
ANNUALCORPORAEGOVERNANCE
FEPONT
beendlsseminaied
to alld reclors,
senor
2) Hasthecodeof elhicaorconducl
andemployees?
managemenl
andmoniiors
compllance
wilhlhe@de
3) Discuse
howlhemmpanyinp emenls
bylheManaqement
and
Compla.@wlh lhe codeot conducls implemenied
lhe Compliance
Otlicer.
is monloredbolhbylheinlenalauditand
PadyTransacuons
4) Relaled
(a) Policier
andProcedues
poiciesandprocedures
rorlheeview,apprcval
Describe
lhecompanys
patv transaclions
monitorlng
aid reco.ding
ot relaled
o. Eimdatun,
jolnt
itsparenl, ventures,
belneenandamongthecompanyand
de6,orrc and
afLialessubstaialstockho
subsidianes,
associates
sibllngs
and
childenanddependenl
d @ctoc,inclldngtherspouses,
paronts
oi membe6o! theBoard.
a.d oi inierockngd rcclof@al onships
6OVEMANCE
REPORT
ANXUALCORPOMTE
parc.ts
spouss/childenlsiblings/
pardG
spo{se/childGn/siblings/
(3)Inleiocking
dnctol
clationship
e deiblliI3/ p6rite
spouse/chird
T6nsaclirswilhslbsLnlialslo.hhold.E
aon anams leng$b5s6in a mann.r
similarlo
lknsadonsqilhnon-Laled
p. nis. Revi.wandapprcvaltdLLosihe
sameAlll'ody Apprdal Mahx u*d rorall
Transaclioi.wilhotraeF ae onan.m 3
nglhbaslsin a mainq3 d dto
r?nsaclions th non-latedpadies
Rvi* and.pprcl rollowslhe eme
Apadar Mabr Ged roran
Aurhodty
rcrlnr.. ry
t nsacrioneotr@c concemed
nhibilfromo.rricioarnaonthesemanB
TBns.cl onswih dnedo.s.E on antm s
renglhb.ss in . mann.simiralo
lEnsactomwithnoniolatdpadies.
Revid and.pprcval
lo lo$ lhesam6
Aulhorty
Appbval[,lalixuEedlora
Direcro6
conmedvouitady
lnsacijons.
inh'bitfrcmpsdi:ipati.qa.d voti.g o. lhe*
inbnocking
dirccloG.E
Traisaclionsailh
onanam 3 .ngthbasLs
n a mannefslm
ar
rotEnsactionswltl non{.l.red padica.
Revid and.pprcvalLlbws nE em.
AuhorityapprovarMatix lsed lor 3ll
tnsacrions
.nd theprcvBonsorrh.
CorloratonCode.Dnodorsconcen3d
vounianry
inhbitnompadicipaln9
and
ano oaSidnm@dShahdd*
RIPOFT
ANNU4CORFOMI OOVEd^NCE
Descbelhemechansm
iaiddownrodetect,
deteminesnd
resove
anypossibleconflictot ntercsibetweenthe companyand/orits
otfcers,andsignllcantsharehoders
soup andlheirdireclors
Dncbcronice6/Sisnlfl
canrsharehotdeE
5) Family,CondercialandContBcllalRelalions
(a) l.dicale,ifapplicabea.y elationof: famity'commerciatco|lractuator
bls nessnallre th:t ex sis behveen
(5%
the holdersotsignlficantequiiy
or froe), to the cxtenrlhatlheyareknownto the company:
(b) Indicate,
if applicable
anyrelalion
ota commercia,
contractlator
business
naluethalexisls
be$veen
thehodersof significant
equity{5%
or hore)andlhecompany
(c) lndcaleanyshareholderagreemenls
lhatmayinpaclonthecontro.
ownership.nd
slralegic
direction
ot thecompany:
% of capirarsiockaflected
6) Alte.native
Dispute
Resolllion
Oescibelhealtemative
dispule
resoutonsyslemadopled
bylhecompany
for
lhe astlhree(3)yearsin amicably
settifgconficlsor d fiencesbeNveen
the
mQoralion
anditsstockholdeE
andihecolpoEtonandthirdparties
includinq
reguatoryauthorlies.
Ahernarlv
Dl.puteResoruiion
Systom
colFoEtion A SloclholdeE
TheCompany
is in the p@cessot fom0 aijng
coryoEljon& ThirdParti.s
CorpoErlon
& Rsgurarory
Aurhorities
ComplywlhADRrequmenisorlhecouds
i 6pplioabeconlctsand
as
dedby ouraroryauihoriiies.
C. BOARDMEETINGS
& ATTENDANCE
1) AreBoardoiDnedors
meeti.gsscheduledbefoEoratlhebeginnngofihe
Boardmeeling
schedu
esforthesucceed
ngyear,areagfeedal thelasl
year.
meeling
oflhe pre@ding
2) Attendance
oI onectors
26.2412
26 2412
26 2412
26 2412
26 2412
26 2412
.h!ruavl5,oj3ctrcHhlsiqn
3) Dononexecuuve
direcloEhavea sepalemeeting
durngtheyeafwthout
peser@
yes
the
of anyexecutive?
lf
howhanytiffes?
quorum
4) ls lheminimum
reqlirementror
Boaddecisions
selat t\ro,thidsof
boardmenbe6?Plse expain.
quorum
Mlnimum
equiEments majofty oflhe Boardexceptonmatiers
w\icl-reqlire'ighvolesEsp ordFd'orb/ihe Bylcws
5) Accessto hrohaiion
YesX
p orlothe
Mstd.ls .nd sgndE
.r g v. inadvance
priortolhe
lvaierslsandag.idaac g v.. inadvance
l,laiorsls aid ageidoa g ve. ii advancepior to dre
Matd als.nd agndE
aE g v. in advancep or to ihe
DiecloEGieranymanerrothe
Managemeit
foroonsu
lalionwth extemaradvisea
7) change/5n e\istng polces
hdicale,iiapplicable
anychanqe/s
lntroduedbyihe aoad of 0irecto6
(dlins itsmosicentlem)onexstingpolicies
thalmayhaveai eriecton
thebls nessoi theconpanyandlhereason/s
forthechangel
Rason
D. REMUNERATION
MATTERS
1) RemunoElion
Proes6
proce$usedfordeleminngtheremu.erallo.
Disclos6lh6
oltheCEOand
lhetolr (4)mosthlghlycompensated
mams6ment
oricec:
Pu.slantlolhe By am,lh6 Board
iixesthesalaes a.d bonlsesof all
liu, pedomance
industryteiure,perromance,
ndusiry
(5)stockopl onsandothr
2) Remunelion
PoicyandSvucture
forEyoculive
andNon-Execulive
Oiectors
polcyon remlie.alion
Discloselhe
cofrpanys
andthestructure
of its
package.
compensalion
Expainhowthe@mpensation
ot ExecdveandNonExecutivedictors is calcltaled
DoBtockholdeB
havelheopporlunlty
to apprcvelhe
decs onontotal
emlnoraiion(tees,allowa.@s,
benelilsn-kind
andotheremotuments)
ot
boardof dnedors?
Provdedetails
thetasllhree(3)years
Daleol StockholdeE'Approval
ThedirectoF
mayonlyreceive
such
2001
granled
conpensaton
as maybe
by2/3
ol theoulslanding
c.plalslockoI lhe
corporation.
Thecompensaton
mustnot
erceed10%otlhenellnconebelore
year.
incomelax
durinslheprecedinq
3) AggregateRemuneralion
Complele
lhelolowns tabe ontheaggegate
remheraiion
accrued
dunng
4) SlockRlghls,
Oplions
andWarant
(a) Boadolonedors
Complelelhelollowlngiable
onlhemembercoilhecompanysBoardof
Dneclors
whoowi orarceniiledlo stockrighls,options
ofwaranlsover
lhecompanys
shares:
(b)Amendments
orIn6ntivoProsrams
pro96ms
lnd@leanyamendmenls
anddisconiinuaion
ot anyincenlive
inlroduced,
ncludngihecnterausedinihec.ealion
orlhepro9r6m.
whethr
he AnnuaL
Obclo6e
lhsaresubjcls
lo approvaldunns
Meeiins
Stockholde6'
5) Remunerion
oflvanagement
whoare!q!atlhe sam6lim
ldenlfylhetive(5) membersoi managemenl
dkctors
and
indicat
the
iotal
eduielion
receiveddonnglhe
execl{iv
Pr*ident
E. BOARDCOIflITTEES
1) Numb6rofMembeE,Functions.ndRsspo.sibiliri*
Provld.d.tellsonlhenumbrolmembeG
ofeachcommineelsfunctions,
ky.$ponsibillies andpower/althority
delegatedlo it bylhe Board:
(a) Executive
Commitlee
^NNUALCOFPOfu
TECOVERNANCE
REPART
(0)
5
D sclosure
oflheprolie orqoalifcations
orlheAlditCommiilee
(AC)membeB
Atty,Teodoro!.locsin, Jr,,whoislheChanman
oftheComminee,ls
a member
or
ihe legalprolession
andhasseruedas a member
oi lhe Houseof Represeitative
tom 2001to 2010.He is an ifdependent
director
or ThoMedicalCity
andhashed
posllonsinlhe pasl
varlous
sovernment
Atty. Monicov.Jacobls a memberof the ega prolession
and js seeingas
independenl
direclorof va ouscorDoratofs,
lstedor otheNiseHe alsoseryedas
Arsociate
Commissionerotlhe
Securties
andExchange
Commssio.in 1986.
Mi Kwok tsuns kw s the FinanceDEctorof DPWond
Southeast
Asiasince
2010 He holdsa desreen BlsnessAddinistration
fromNatona ChongHsins
Ufiversilyin Taiwenand a irasle/s Degreein BusnessAdminstlion
nom he
Chinese
Universily
of NonsKons He s a FelowMembef
of Chanered
Associalion
oI CedlfiedAccohianls and an AssociaierMemberof Honq Kong InsuluteoI
Cenified
PubicAccountanls.
DescbeiheAudilCommnees
resoonsibilllv
relative
to theenemaaudilof
Theprmarysponsibllyis lo review
theqlalfications,
audilscope,approach
rees
Elalualeanddelermne anynonaldl workperfomed,
andexpe.ses.
incllding
lhe
feestherefore,
andensureihalsuchworkwilnot co.ilcl withlhe externaaudtors'
duUes
assuchorforesh.dow
ils indeondence.
(c) Noninaloncommirtee
etuk$medde
k Hib;ta'-t:d6iniimii
(d)compensation
Comnillee
D)
Eto ryr';i-ffi
P ' o v d e l h e e a n e1 ' o h a l o r o - a l o r h e r c o n r i n e e s c o - s ; r . l e d o y t h
3) chanssh comminee
Members
Indicale
anychanges
in @mmltee
memberehip
thato@utred
duingtheyear
andthe.eason
torlhe cha.ges
Therewee changesn lhe conposiiion
ol the Executve,
Nomnalion
and
Compensation
Commlltees
beqinning
2013.The changes
weredueto the
resgnation
ofMr GlenC. HltonefiectveJanuary
15.2013.Hewasreda@d
by Mr KwokLeungLaw.
4) workDoneandlssuesAddessed
Describe
theworkdonebyeachcommitlee
andlhesignilcani
issues
addressed
dlri.g thoyea.
Passupon
thequaliiicat
ons
Sludylhe recommendat
on ot
managemenl
employes
and
ANNUALCORPOMTECOERNANCEREPqRT
F. RISKMANAGEMENT
SYSTEM
1) Disclose
lhe lollowing:
(a) Overalliskmanagemeni
philosophy
orlhecompany
To ensurethal lhe Companysbusiness
objectvesare acheved,lhe
Company
reglladyunderbkes
a Business
RiskPfofilerevewwhereisks
areidenlliedby p.iority
basedon a syslemalic
assessmenl
or prcbabity
poinls
andimpacl.ConirolslEtegies
aE denlilled
andacuon
esiablished
peGonsResults
wiihth designaled
accountable
anddeveopments
are
nonitored
duriigreviws.
lhalthed @clorc
haveviewedlheeffecliveness
oltherisk
{b)A slalemenl
management
systedandcommenling
onlheadequacy
theeot:
TheChairman
of theBoadandseniormanagmnt
revewa.d signofflts
annualRisk
Management
andInlernaConlroSelcenficalionstalmenl
basedontheiolowingparamelersl
.
.
.
.
.
.
ldentficalion
of riskassessment
ol new.lsks
Prorilzalion
ol nsksbasedonagred
impaclandlikeihoodiabes.
Deleminal
onolisktealdenl slralegies
forsignilicanl
rsks
Conlirmarion
thalallsigniiicanl
risksandelaledacuonptanshave
beennolitied
io theRegioialManagemenl
Riskassessmenl
wo.kshops
maybeheldatthelevelbelow
lhe SU
Boardusinga combin.ionof busnesssiream funotionaafd
geographl*lpadicipanis
process
prolecls
The rlskmanasemenr
appliesto arl crihcar
and
Givea gnerdescndion
poicy,
oflhecompanyssk managemenl
(Enked
sllingouland
assessingtho
isvs covorod
bylhesystem
acco.lifgtop.iority)
alongailhlhooblectivebehndthepolcylor6ech
Thfollowing
arelh6top5 nskBidnMed
bylhe Company
ac@rdlng
lo
Ri3kU.n5sm.ntPolicy
Breach
ol conlGctw lh-Ihlrd
A[NuaLco*ourE oo!Rn4cEREPonr
(c) Minor(y
ShaEhoders
Indicate
lhep ncLpal
nskof th6trciee
orconlrclling
shaeholders'
voting
3) ControlSyslemSet Up
Breflyd$c belheco.irolsyslems
stupto assess,
man.geandconl@l
main
lhe
lse!e/5tacedbythcompany
AdequaE
InsunetSlrucluEl
nonitonng.Assdss.dbased
adqo.lernsu@; sirlclural
Busn*s Coirnury
Pbnni^9
d.^ldi'n6iesh65con!'uily
{ onnodn!.nd Mcasurn.nl
Rr.k .n.gmnr.ndcontbl
{srtuclu6., Pbcdurdi ^cuon!
Rdiiland imol.menlatoi
c. ll'ItERNALAUOITA!'lDCONTRoL
4) lnrernal
conlbl syslem
DiscloselhBlollowingintonation Fnaaninglo tho int6mal@nlol syslemor
lorlhecompanyi
(.) Elpleinhowlhentrnal@ntrolsyeiem
is defind
l.lmal conlrolsystemls desibed a3. proess 6ttecledbylhe Bo.d and
asuE.@ regardinE
lhe
managem.nt,designedto p.@iderasonable
follNing
Elegodes
of
objecliv$
in
ihe
achiovemenr
i) E rctiveness
a;d ffi.iencyot opElions.
iDReliabiliry
ot fnanci.l .ponino.
iii) Compli.n wfi appli@blelas, cgul.lions andinlmal policiF
of assels.
iv)SaleEuardinq
(a) Role,scopandlilmalAudlt
Funcllon
workand
Giva geniraldscdptlon
ollh. 1016,
lcopr olinlEmalaudit
ofrhe
inremal
.udir
tuncrion.
olh6rdetails
Aud is kndredq4tte e 9
an busn*s aclivldesr
upoi
m.nagemenfsrequslor if
(c) Olscuss
theinlemalauditofe
tsponing
rclallonBhipwith
thealdit
commitle.
Doeslheinternal
audllor
hav6direclandunrelleed
!ee$ lo
lh boardot dirdcior5
andlheduditcommifiee
andIo allrecordg
prcpenres
andpersonne
?
Th6Inlehal Audilorreponstunclionallyto theAudltcommifl@to alr@
l.lamal Auditto b independe.landto etleclivelya@mdish ils puD6e.
TneInlemalAudilorhasunGlriclsd accessto all tundio.s. docume.ts.
e@rd3 o. Gpdls (in bolhpapera.d or ele.t onicromat), prcpe.t, and
peBonnelwithskingenttegad fo. safekeeping
andconfid.nlialily.
(d) Rosgn.lion,
Re-assroimenl
andRgasonB
OiecloBe
anyresignalion/s
orre-asslgnm6nt
otlhelniern..udil sGn
(incllding
thoseemployed
lim) andlhe
bylhlhird-pady
audilins
(e) Progress
aq.instPlans,l5sue3,
Findingssnd
Examinalion
Tnds
prog.ess
Slatlheintenalaudit6
ala nstplanssignilnlissus,
5 gnificanl
lindlngs
andexamination
lEnds.
:{s8,"G.merhm.m
.BdE ris.fr.m|dop,ii!dirr.rcdinrerprtb,ioie.
1) P@pa6iion
olrn.udil planincllsiveofa uholinsand
mlleslonei
2) Co.duolofexamnalionbasedoniheplani
3) ElarlaiionoflheproEr6$h lheimpremonlalior
ollhe pran
4) Ooclnenra0on
olissu.sandlindings
asa surtol the
examinalion;
5) Oeteminalionol the peflasiveissuesandtinding.
('eradinationlen&') ba3edon sinsleyea. .ult 5n<i/oryea.
leyear Gdtsi
6) Conductoi thelo6goin! pocedureson a egolar basis.l
(t AuditConlrol
Policies
andProcedures
lhalhavebeen
DiscLose
a llnlenalauditcontols,policesandprocedurs
by
the
conpany
and
th6
resuLts
otan
asse$menl
aslo
elablFhgd
policies
pr@dures
ha!6
ben
wh.rh6rrheesrablished
conrrcls,
a.d
implemenled
underlhe@lumn'idpl6frnlatio..'
AudnCormitl.oCh.rter
r.poding
Planning,
execulion,
(g) Mecnanbmandsafegurds
bylhecompany
lo Eafeguard
the
Statelhenech.nismeslablished
and
ofthe
audito6,
financial
analysts,
inveslrienl
banks
indeplndonc
restctionsonlradinsinthoenp3nys shares
ralrnE
sg.ncies(example,
prccedores
ioriheselransaclion6,
andimpoEilion
ot inlehalapprcval
to
sediceslhatanenemdaldlor mayprovido
limitalononlhe nonudlt
Intmal
Auditrcpodsdneclylo
lheAudircommin.cwiththe
EvP-Technical
as 13p nary
EdemalAuditpolE dne.Uyio
$e audircomnine,wnhtreqlenr
conrany LeadauditFdn. i3
.r$ Ed*d @q 5 yeac.
H.ROI OFSTAKEHOIDERS
1) Discloselhe @mpanys policylnd .clivilieslelativeto thetottowins:
Hear$.Salety,nv'oin.nl
andSeudlv IHSE$ P.licv
Supdb/@nraclorseletion
Antismp[.n p@srams
and Company
Tabl.olOfieBei
Enrorcemenl
n a@dance
S5f.guardngtredrlorsdghls
- ISO23000:2003(S!pply
HSESPoli.ies
ChainSecurity
Manageneil
(Envkonmenl
System)ISO140012004
Manaoement
System)OHSAS
14001:2007(
HeallhandSafety
lManagemenl
Syslem)
(b) Showdala
relalin!to heath,sarelyandwelfaeol ts employees.
ATlhasbeenlataityJre
ror2,038days(5 yea6and6 months).
LossTimelijuryFrequency
Rate(LTFR)for20l2 s 0.42.
.
.
.
.
'
.
.
.
.
.
RegllarSafelyMeeiinss
Regular
EnvibnmentalAnd
Enercy
savngMeetnqs
AnnualPhysicalEkmination(APE)
Daly safelynspections
Saletytoo boxmeetinss
BehallolElbasedsarety
approach
CCTVfronitoring
olsafelyandsecurily
inlractions
procedures
Emeqency
Response
forconunsences
BusnessConlinuly
Plans
wealherand
windmonlo ngsyslems
r chenicalresponsekits
. Speedliml monilorng
usingr:dar
. Enployee
welnessandsponsaclivites
. nte.agency
@opeEllon
meeln9(PFSAC)
. JolniRLSandIISESEquipment
Inspeciions
. FRScommlleemeelngs
. Random
DrugTesling
. WatefPotabi
ityTesrifg
. Work Envronmenl
Measurefrenl
Aclivily(Testngon AmbientAr,
llLminalonandNoise)
. Quartery
measurementolAmbieitll/aterendAmbientAnforDENR
. Submisslon
oI LegalRequnemenls
io:
. DOLE
. DENR
.
.
Stictcompiance
andnonitongollegalpermilssndicenses
Coordnalionmeelins
wilhTruckecAssociation
. SalelyelaledtrainiiSs
suchas:
. Wo* nqAt Helghts
. superysorssafetyTraifing
. BOSHforSupetoiso6
'
'
.
'
.
SafelyInduclof
FalalRiskStandads
Detensive
Drvlng
BBS/ lCAldTrainng
WasterManagemeniTrain.g
ANNUALCORPORATE
6OVEMANCEREPqRT
. EMs andOHSAST.ai.ing
. WasteWaterTealmentO.ientation
' LegalRequiremenb
TEi.ing
. BasicMeteo@logy
andHydrcmer
Ha4rdTining
r LockOul IaS Oul Onntalon
. CargoHandlnS
Equipn6nlRetesher
T.alning
. Operalional
SalelyStandards
torODP
! CrowdManageme.t
. DrivingF6nrrin6S.lety
. ChemilSpillT6lnlnE
. EasicFi Fighting
. Sfiolding TEining
' Pdvared Fic FightirETEining
. aasictite supponlhining
. CPRT.ai.in!
. DocConneclleclu.es on :
DentaandM6d W.lnEss
Equiph.nrOpe6ljonRelaredTEining
Advaied
Engine Tiiing
Forrliff.
S dcl@der and Toploader Refsh.
TElning ITV TEin ngs,QuayCEne, Re.ch
SLckq aid RTG Trainings,HydGulica
TGl.iig tor Supedso6 AdvEncd
T6.sm ssionTEinn9, cHE on tha Job
TEiiing Checkrs
lEining CBLJ/RORO
op.crois nd saletyTining Adv.ncen
Engin TElning, All-Porposepersonnel
Compli.nce,
CorpoEtGoremance,legal
Annu.r Lisringand D*r6ur6 semin.r,
FFRSSeninar,ClaimsHandling
R6rcsh.r,
Comp.ehcrcircSeminaron WilhholdingT.x
on Wa96 and Finqe B.neib T.X
CoDoEt Gdemane and Anli Money
L.und.ing ac! MCLE
Healh,SatryEnvnonhenltdSecurty F.ortlii.
Envnonmenlrr Edution
Proo6m,
Couil.teit Dedion,CPRTEining.
C@d
Mana.nenl Doc Connect 'Oi.b.ts'.
Em6r9oncy
RespoisePrcceduG
RlGsher
Tinng,FatalREk standardorinr.rion
V.s*l Salely,Fne Supprssion
Op.Eriohs
aid M.inian.ne. Fi6t Aido .nd B5sicUie
SupponTEining. rso 23000:200?Soppty
chain seur y Manasehe sysroms
I6ining, reralio. Tininq RiskBasd Audil
Methodorogy:
A PEctil App@ch, Salely
101. HSES Modure . Operatiors
OEveropment
P@gm |CAM Rer*her
IT
(d) Stet6lhecompanys
poticy
Ewad/componsalion
tharaccounrs
torrhe
pe.fo.mance
ofihecompany
boyond
shortlem tinancal measures.
Penoman@-basedmanagement
systemandpoduclivilyincentive
schem$aE beingimplemenled
4) Whalarelheconpanyspro@dures
forhandling
complants
byemptoyees
concomnglleoal(iicluding
@ruplion)
andonethicat
behavioud
Exptain
how
employes
areprolecled
fromretaliat
on.
Thecomplai.ts addressed
to iheSe.iofManagement
lor appopri.re
invesligEllon.
Theemployees
a prot.cidlrcm relatialionby ensling then
anonymilyduriogand.nr inveslalion.nd subseqoent
resolulion.
I, DISCTOSURE
ANDTRANSPARENCY
1) OMe.shipSlruclue
(a)Hord
ng5%sharehoding
or mor6
1 7! 2
196,911,524
9.35
155,906,071
7.11
650
2) DoesIh. AnnualRepod
dEclose
lhrolowng:
Fi.&cial Fllo.n.n@
indi*loE
Noi.fnanchlpertomanc. indi@loE
o.lEilsol whErr*blNiigpollcy
Derairsofrh
muneElion
ofrhecEo andeachmemberofthe
boardoi
diEcloB/@mmissoneE
l
lYes
nold sclose
anyoflheabove,please
indcalelhe
ShoudlheAnnualReport
asonlorlhenondisclosure.
& Co 3,250
Manab.tsanaqustin
4) IredilmotCommun
cafon
is !s nglor
Listdownihenode/sof commun
calionihatlhecompany
g infomalion
disseminatif
oniheComPanY
Website
a) Posling
repod:
5) oateof reeaseof aldllednnanciar
Oecember
31,2012
March7, 2013lorlheyearended
up-lo'date
iniormation
aboulihe
Doeslhecompany
havea websile
dlscloslns
Financiar
siarementgrepods
{curdtandpriofyeare)
io analysls
andmedia
Maleria
s provdedh bneftnss
bylaws,memo.andum
Companys
conslitulion
{companys
CO+OUE GOVERNAICE
FCPOFT
ANNU^L
pteaseindicatethe
Should
anyof theioregoins
inromalion
benotdisclosed
Lniled andP&Ol\,lanagemnt
SeRicesPhlslnc.(POMS)
Arl Flodln9s,
Inc.(ATIH)
and
Limiied
owns100%orATN
InsunceBuirdec
Ma6ay
Homes
andEujoPhiripp
des
Ph ppines
F ctlnsuEne lnc.
and
Phircae
andEusebio
H.
'rai@
andAFenioN.Tan@
outsou@d
woftrs(GRoW)
WhenRPTSare
involved,
whatDrocsses
a@ln ola@loadd.essthem
nthe
mannerlhatwil
salequard
lheinteresl
ollhecompany
andi. particular
of its
m no ty shareholders
andolherslakeho
drs?
TheBo*d coordlnaieswlhlhe
Managemenl
andlhe CompLiance
Offcerin
partytransaciio.6
nonibnnglheexislence
ot relald
Seedlscussion
n hem
B (4) (a)
J. RIGHTSOF STOCKHOLDERS
1) Riqhl to pa.iicipateefieclivelyin and vole in Annlal/Special Slockholde6
qliredto convene
theAnnual/specal
Givedelailsonlhequorum
Slockholde6'MeetinSas setfodh in its Byraws
QuorumR6qui.d
I Presei@or majoiryorthe
(b)Syslemlsed to Apprcved
coFote Acts
Explainthe syslemusedlo approvecoDoraleacts
ListanyStockholderc
RighisconemingAnnuatspecial
slockholdeF
Meellng
lhaldifierlromthoselaidd@n in lhe
Co.poEtion
Cod6.None
RlghEunderthe
Slockholde6'
slockhold.6'Rights!9! in thecorpotatlon
April26,2012
ers'Padicipat
on
{d) stockhold
to promote
stockhoLder
l. State,ifany,themeasuesadopled
including
padicipalion
Stockholders
lVeellnq,
l. theAnnua/specla
interested
may
andolherparlies
theproceduc
of hoastockholders
indv dual
communicab
dned&withtheChaman oltheBoard,
inlhediscussion
theslepslho
Include
diEcto6orboa.dcommittees
theviewsoflhe
Boardhast.kenlosoliclandufderstand
al
aswelas pocedlresior putingfoNad proposals
srockholderc
meerinss
slockholdbrs
cohn!nlc.rlon Prcced!@
heverymeeling
thslockholde6scgiveiiTh. fiatt. ie Eisedlo rheioor dunnqlne
opponunny
b bangouranynanr rctatedto n..ting sndbeioreadioummenr
$e aqenda
zndprcposd.crion.
3. Slaterhecompany
poicyotaskinE
shahotders
roactivey participato
in coeoctedecslons
rcgadng:
a. AmendmntB
to th.ohp.nys constirution
b. Aulhodzation
ol additio
na sh.es
c T6nEierofal orslbstantatyat.esetB,
whlchln efioclsutrsn
rhe sareorlh6company
TheCompany
complieswith
theprocedors
setrodhinlhe By-taws
and
lhepfovisione
ol theCoDorat
of Codeandorher.egutat
onsissued
by
lherequlalory
bode5suchastheSECandIhePSE.
9. Ooesthecompany
obsetoe
a minimom
ot 21bGinessdaysrorgiving
outot nou@stolhe
AGMohe6 it6mito beEsotved
byshaehotdec
Therewreno dissenting
votes.
24. Dateol publshiiglhe resul(sollhe voiestakendunng$e mosl
redent AGMtorallrcsoluton3,
A p l 2 6 2 0 1 2 i oP s E a n d A p i l 3200 1 2 r o r h e s EPc o
. sredonthe
cohpanywebsite
onaprl 26,2012.
Slate,if any,themodlications
madeinlheAnnual/Specia
yeara.d the
SlockholdeG
Meelifggulalions
dunng$e most@cent
reason
lor suchmodficatio.:
None
(f) Slockholders
Atlendance
(l) Detais ofAttendance
ln theAnnual/Speclal
Stockho
dersMeeting
\2412)
pady(inspecrors)ro
(ii)Ooes(he
@mpany
appoint
anindependeni
counland/or
vaidalethevotesal lheASM/SSMS?
(iii)Dothecompanys
common.has
@ry onevoleforoneshae?lr
not,discoseandqivereasons
foranydiveqence
to hisstandard.
wherethecompany
haemoe thanoneclassoishares,
descrbe
thevoting ghlsatlached
to eachclassofshares.
(g) ProxyVotinsPoicies
Statethepolicies
followed
proxyvolingin
bylhecompany
regarding
theAf nua/Special
Slockholders
Meeting
Ereculon
andac.epiance
of prolies
ndvduasha.ehoders
maysendproxystaiiigthe
pe6on/s
nameol desgnated
CoeoEleshaehdders
maysendproxy
accompanied
by a noradzed
secretary's
corliiicate
peGonandlheofiicor
ndicaling
lnedesisnaled
auuorzedrd signthe proryformon behat of the
yes
Forcorporate
shareholde6
Lastday
is 10daysprorlo lheaduarmeeiing
puBuanllo
lhesEcc rcularNo 5serlesi9s6
Du.inq
eg sll onandprortolhemeting.
the
'esistalioncommineedetem insf.om lhe
a0endngproxieswhelherproxieswill vote
TheCompanyfo
ore ihaprovs onsoflhe
coeoElioncodeonvard \, orp@ky
Slalelhe companyspoliciesandprocedure
onthesending
nollces
of
Annual/Specia
Stockrro
drs
TheCompanylncorporats
iheNoiice.nd Theconpanysendsthe
Nol@andAqenda
Asenda
lo lheInlormalion
Staiemeni
logether
wi i lheliromatonSlatemeni
by
priofio pereona
dsl buledal eest15businessdays
setoicecourerormailio
the
themeetn9,pu6uantto
iherequrementsof slockhode6or.ecordal
east15busness
thelmplemenlng
RuesandRegulatons
ot
dayspdor10lhe actualdatol the meetnq
rheof rhsecuftesandReouraron
code
(rveinfomation slatem
(i) Defin
enlsafd Mafaaement
Reporl
907p usiho r72PcDpari'c'panis
andManagedent
Repodrnd orher
oareotAcrGrDistributron
of Definilive
whetherrequestin9
It yes,indicate
stockholdoEw.BprovidGd
hardcopies
(j) DoestheNoiiceotAnfua/Specia
Siockho
derc'Meeung
include
lhe
Eachrcsoluton
io betakenoDdealswlh
onvone tem.
(at eastagequalllionsdaieof insl
Prcfesof dnecloG
Expeience,
andd reclorehlps
ii orh$ lstedcompanes)
Nomnaredlor e ectionte-eecroi.
Theaud106robe apponld
policy.
is tobedeolared
Anexplanalion
otihedivdend
iranyd vldeod
ANN!{ CORPORATE
GOVEFNANCE
REPART
Theamouitpayaberorrnardv defds
Docunenls
requrcdforpro'yvolE
SholldanyotlheloEqolng
inlomation
ptease
be notd sctosed,
indicate
lhe easonlhereto.
2) Trealmenl
of M nontyStockholders
(a) Slalelhecompanyspolcleswithrespectto the Ireatment
ot mino.ty
TheCGManualprcv
s onsondghtsof
(b) Dominoiiystockholders
havea rshllo nominate
candidates
lor
K. INVESTORS
RELATIONS
PROGRAIV
poiciesandhow
1) Disc!5sthecompany
s enernalsnd
inlernacommuncalon
frequently
theyarereviewed.
D sclose
whoroviews
andapproves
major
company
annolncements
ldenritylhe
committee
wiihthisresponsibi
tv. tit
hasbeenassigned
lo a comhittee.
Thekeyoficersin coodinallon
wilhihe Marketirc
andCommercial
Deparlmenl,
lheOfii@oI theCorpoBle
Commun
cations
andtheColpobtesecrelary
view
a r l e { e r r a ( o a t r u l c e h o n r o b e c e a sIendr e m a r c o r n ! n * r o r r r q : r o l e d o y
lopmanagement
andcoordinatedwilh
lhecompianceofficer.
prog.am
2) Descnbeihe
enpanys lnveslor
including
itscommunications
pronole
slralegy
io
efecllvecommunlcation
wth itsstockho
dere,olher
slakeholders
andthepubic in general.
Di6close
theconstaildeiais (es.
Ielephone,
fax,andemail)oflhe
ollicerresponsible
tor nveslor
elat ons
nfomstockholdeGolthelidancialand
op.aroiar6u ts ot lhecodpany
torrhe
prccedlngfs!yearand
ttE endoi ev6ry
'
P6v d poreniiar
investoBrilh raolua
inlomaionab.utthCompany
asquesled
.
.
soundopeliona
slleses
P.udent
F$a Manasement
( 3 ) M d d n o cf o d m u n i ( a r o n s
(a) nvestoE
Relaronsorfi.er
AnnualSt@khold
ers Meeling
rnquiesandmalteG
oi lRareaddressed
n
@odinalion
w it Flnan@Matketing
CoeoEle
ConmunEiions andColpoEteSecrclary
: 5286000
Telephof
e Number
Emallr
ma etino@asianteminalscom
oh
co@om@asianrem
nals.com.ph
goleh ngtheacqulslion
3) Whatae ihecompany's
rulesandprocedures
or
mlporaloconlrolin lhe capilalma*els, andexlEordinarytransactionssuch
as merges,
andsalesofsubstanlialporions
of corpo6teassels?
Theprovls
onsot theByla$ andlheCoAoEtonCodeandolherapplicable
perlalning
rueslssuedbyiheSECae iolowedwith.espect
lo matlers
lo
lransacllofs describedabove
partytheboadofdireclors
Nameoflhe ndependerl
ofthecompany
price.
appointed
to evaluare
lheiaimess
ofrhelnsacrion
L. CORPORATE
SOCIALRESPONSIBILITIES
INITIAIIVES
Discuss
anyinilialive
undenaken
orproposed
to beundertaken
bylhe
OuaLilied
children
anddependenGolATl
mproyees
lndelpiv egedkidsn
supporttorABs,caNs
Baniay
Kalikasan
Trce.pranring
andpblecronorLaMesa
oepEdsadopi.aschool
Pro96n
pubrceremenlary
Selecrod
schoos tn
portcomnuiily
surounding
Freemedicaland
denialmssion
Surrcunding
underpr
v legedpon
s!ppdrtrorMadna,
Ph ippnePonsAurhoritySurcund'ns
porr.ommuniries
& Philipplne
CoastGuards
ann0amasta
S!ppodlor(hariiabensltutions
VarousNGOS
forlhen|algetbeneficiaies
suchaschrdrendurlu6rm
aoririesand
ihe
cd.porate
donalions
durngse!erecaam'ies commuitesafiecled
bysevore
typhoons,
nooding
andnatulcalamles
inva.ious
M.AOARD.DIRECTOR.COMMIITEEANDCEOAPPRAISAL
Oisclose
lheprocess
folowedandcniedalsed n assesslng
theafnlal
Pedomaneof theboa.dandils comminees,
ifdlviduald
rectorandlh
seltassessmentof
theaudil
in accordanesilh ine Audit
N. INTERNAL
BREACHES
ANDSANCTIONS
poli<ies
Discuss
lhelntemal
onsanctions
inposedlor anyviotarton
or breach
ot
govemance
colPoBle
manualinvoving
diecloc,oftice6,mamg6menl
and
Pu.slanltolhe.equirement
ottheSecudties
andExchanse
Commsslon,this
AnnlalcoForaleGovernance
Repodis signed
onbehallollhe resisl.ant
byIhe
undeBgned;therehtoduy allhonzod,ntheCityofilanilaon-2013.
SIGNATURES
ANCO
Chaiman ot thd Bo.rd
m6tcc22s
NGAN BAN
mlcEel'
m{r6r97693
_-5'
JUN
&x2013
SUBSCRIBED
ANDSWORN
aflianl(s)exhibling
lo mehen
2013
ID
oate and Plac6oflssue
Passpod
No KJoT20558
PassDorl
No.rv\5435551
T N lD No 105-484-252000
J a n u a r y 2210 1 2 / i r al a
n
DE0000999
92122734
Juy
/6.2010/r'ranla
fir$#l9lmrr
AfiYU8[OR\
lNrL DEC3l 2Dl3
*^"
l4l^
'{f,
LAIAUANIA-18-5274
l?/23/11'
N0,1412159