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SECURITIES

ANDEXCMNGE
COMMISSION
SECFORM-ACGR
ANNUALCORPOMTEGOVERMNCEREPORT

1, Reponb tiledforlh6y.r

_ 2012

2. EractNameof RegblEnl as SFcili6d


ASIANTERMINALS,INC.
3. AddEssol Pdncipal
Ofiie
4. SEClde.u'lilion Numbot
5. InducLyclassifi@tioncode (sEc us only)
6. BIRTaxlde ilication
Number

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

b) Sumfraryot the corporate


governance
potcythal the boardhas.dopted
(emphasison rreatmentot al sharehod6 respeclfo. righls of minonry
shareholde6
dGcosure
dLliesandboardresponsib
rities).
TheCompany
commits
itselllo adhere
lo lhebestcoeoraleprincples.ndpractices.
The Boardand the Management
governai@s a
betevethal ihe corpo@te
necessary
componenl
ofwhalcoistitules
soundslralegic
business
management
and
goveriance
lhe cogeniproofofgood
coDorate
is thatwhchie visbtelo theeyesof
ils nveslorsTheCodpanyrespecls
ihedohtsoflhesharehoders
asguaranleed
by
Frcmrh.d{rion ifrn.di,rry fo[o{iigra0Mry2,20t2

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

Robiftois Land Colpoolion

[,r31rcPacflc Tol]w5yscolp.

PhillppiieR&iig Ctub Inc.

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)

Hastl ofrpany st a lifrit on lhs nudberof boardseatsin olhr


@mpani6s(publiclylisted,odinaryandconpanieswnh*condary
li@nse)
lh.t an individualdi.ecloror
CEOmayholdsimullaneously?
TheCGManlalprcvdeslhatdictorsshaLl
submit
lhemse
veslo a
p inoL\er@lpoFleBoards
Lowindicalive
liml on membeish
In pani@br,is thelimitot live boad sealsin olhe. plblicitylisted
comp.niesimpced andobseryed?

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

iamn .nd s. 'cddd by Ra3h.dai N4!.n Abd'r.

(.) D. dir.ent peM.s assre lh bl ol Chaimanof $e Aoa.dor Dnecto6and


laidd@n lo ensulhatth.B@rd
CEO?lf no.deBcnb.ft..hecksandbalan@s
ger. th benefi of independenl
vis.

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

sud o$er dotjesas mayb.


theconpadyi3
EnsuGthalalldeclsiom.nd Ensurhar
Ma..gelmt a.6 delib.dEd
Boadin accodance
withlhe
oldre
By]as andapplicblelaws las inal lhedealings
coh@nv.id ma.&emenli

P4r5

3) E4rain howrhe boad oI diecLc pransrorlha sleession or the cEo/Managing


Oirelor/P,esidenlandlhe lop keynanaorpositions?
quaifcalofs to.the
Thekeyotlic66er6chosen
basedonthenconpelenciev
position
forwhichtheyarebeinodesigneted
atl6rdueevallalion
bytheBoad
4) OtherExcutiv,
Non-Erecutive
andIndDnded
Onedorc
Does$e empanyhava poLicy
otensuingdiveGity
ot expeenceand
backgtoondof diecroF anrhebo.d?
ThecG Manual
equiresthata dnedor6u3thave'high
ed!lionalanainment
and/o.suf.ienlly.lvanl
experence
in manag
nglhe buslness
oftho
Corpo6tof,'(P.n11,8,2(b)1)
Furlhe.a di.eclormust
havea "wo*inq
knowedgeoI staluloryandregulaloryreq! rementsalfectinsth6 Corporalon,
includ
n9thco.tenlsof itsadicles
ot lncorpotion
$d ay-law3.lhe
requnements
ol lhoconmissio.,
andwhereapplicable
lhereqund.nls
ol other
Do6 il ensuElh6l.l leaslonenonxeculived?ectorhd an e4e.ience in th
secror
or ndusfiylh6compdny
belongsto.
Ploeseexplan
Yes TheCGManualas
staledaboveensures
ihallheeounemenl
is @mded
Defnsandc arly lheroes,a@ountabllis
anddelilerables
ot lheExeculive,
Non-Elecutve andIndependent
D reclors

Povidethe @mpanysdeli.ilion of 'andepend.@-.nd desc.ibethe @mp.ny!


@mplianto llE delinirion.
TheCompa.ydescnbes
ind.pEndence
asEcognzedinlhCGManua.Th
independentvl6re
andoplnlons
ol lhedi@ctor5
duinqmeetlngs
a6 cofsidercd.
Ooeslhe @mpanyhavea tem lihit of liw coseq{ve yea6 lor i.dep.ndent
dieclo6? ll alterlrc yea6. th @mpanywishesto bnrE bac*.n independent
dnedorwhonadseryedfrvey6a6, doesil limitlhe tem tor no morethanrour
addihon
alrsa6? PleaEeexolain.
TheindependenldirecloBar selectedani u5llyin a@odancewith the Corpolion
Code,Sson!.s ResulalionCode,CompanyBy]&s andCG Manualby rhe
Nominalion
CommireE..d Eoardor DiectoB fd ecmmendationin theAnnual

(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:

{b) Seleclion/Appoinhenl.R*lection. Disqualilicalion,Remwd,

D6scibelhe poc.dur6lor rheBelectonappoinhent,G etecton,


disqualili@lion,6moval, rinstrledenl .nd susDensionoathe memborcot
lhe Boad ol DiEloB. Prcvidedelails of the proce$s sdopted (including
th. frequency or 6lectior) and lh. c teda employedin each procedu6:

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

lm ot 1 yea. any @icy


qp'6lbn ol Ue lem mayb.
firredup byfte @jorily vole
lhnin ofit@,@is0luliig a

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

's*iorMiias.menrEf.s rorhecEo andorhdpssonsrrsviic,urho.iry


andE5poNibitiiylor
prbniie,dn*6is, aid co'bouinsthe

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

R.l.Ed P.rry tEm.c.uon.

NA ft. Comm.vis lhPacnrcomo.nv


Tnsaciions
wiihsubsdb 6saGoner
.m s renqub8sisin a m.nnersimil4 ro
ir.nsacito.se h non{rat d pans
rolo@ 0E sam.
RcviewandaPPrcval
Aulhodq
AppDvaMatt Bed ror.rl

l4l Enthe! Unds Comon Csbol


(s) sub6i.n6a!slocrholdoc

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

fil Dircclo6/Oficrsand5%or mo Sh.eholdec


@nlLict
ollnteestlowhlch
ldenrity
anyaclual orprobabl
direclors/ofiG6/5%or mo shareholde6m.y be involved.
(Aclu.ror
o.railsolcontliclotlnl.16r

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.

ivil dcgreceirhe.by .on$i goiri1),or affinity.


ANNUALCORPORATE
COVERNANCE
FEPqT

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

(.) HowmsnydayBin adva.@areboad pape6'torboadol direcloE


provided
meelings
lo theboa.d?

(b) Do b@rdmenbeE h.v. indepndont


.@6sslo Manaqement
andthe
CorpqaleSeclary?

(c) statethe policyof th6 roroi lhg companysecebry. o@s suchrcte


includeassislinqthe Chalman in pEpadn! the boardasenda,laciliiaung
l.ai.ing of dnedoB, keepingdiEcloB lpdated rcgardifsanyrelevant
stalutoryandregulatorychan96, elc.?
TheCorporate
Sec6t.ry.ctg35lhs Cofip6ny
Compliance
Oficer.He
pepadnglhe
assisls
theChaiman,
PesidenlandEVPin
age.da.He
eneures
lhald EcloBa apprsedofdeveopmenls
in compllance
and
govemence
co.porare
mt6rs.
(d) lstheompanysesoiarytGlnodin lg1,
ac@unlency
or company
p6clis? P.ss erplainshould
secretanal
tho.nswrb6in lhenegative.

(e) commite Pr@edores


Oisd6oe shetherlhruis a p.o6d!6 thal Directo6en aE ol lo
enablerhemto get infmarion ree3s.ry ro be ablero pepae in advane
tor lhe meelingsot diffeEnlcommine*:

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

Indi@tevhetheror nol a pEedu exislswheby dnedc n eeiw


xlemaladue and,if so, pr@id.d.lails?

adlqBr. inlomdioi rbou.rh. natu6 robr bld in thEb.rd


nerinc. lbromdion iicludesfie ba.4rond q ddsdior m mrn.n bmugnrberoErie Bc'd,
di(ldsmq buds.6, ro'tGc md iftm'l tin.n.irl dd.un.nr.
ANNUALCOAFOA^TSOOVERN^NCEREPqRT

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

oAnd@ R fload - Ex*unEvie

Pr*ident

2l B*iiDn w nokk - ve P6denl rorserh


3) s*dhaEn veudw.n - vie Presidenl
fd ATI
Batangas,
Bata.q.s conlainerTeminal:nd Inl.nd
4)RodolfoG.
Co itgr. - \4cePGsdenltu eu.ii.B3
5)SeanL Pe.ou.VlcePresldent
lorMaAeiiigand

E. BOARDCOIflITTEES
1) Numb6rofMembeE,Functions.ndRsspo.sibiliri*

Provld.d.tellsonlhenumbrolmembeG
ofeachcommineelsfunctions,
ky.$ponsibillies andpower/althority
delegatedlo it bylhe Board:

^NNU[ coRFourE OOVEiNAncE


REPonr

(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.

R6vew ofthe lnlemaAudil

Passupon
thequaliiicat
ons
Sludylhe recommendat
on ot
managemenl
employes
and

ANNUALCORPOMTECOERNANCEREPqRT

Provdea lsl of programs


planslo undenake
thaleachcofrmittee
to address
relevant
issuesinlhe imprcvement
or enforcement
of effect
!e Qovernanefor

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

(c) Peiod coveredbYthe review:


J a n ! . r y1 , 2 0 1 2 1Doe c e m b e r 2
30
l 12

(d) Hd olienth dsk management


systemis uered andthe diecroB
cdle.iafor assAsingtu effectiwn$s: a.d
Thedskmanagement
sysieh is vierEd at leaslannlatTy.
The lollowingae lh cnG.iafor a$essingits efectiven*e ContDl
EnvnonmntRisk AssessmonrControrActivit
esi Infoimalionand
conn!nicalion,andMonitor
ng.
(6) ft6re noeuw w.s cordlctodd! n9lheyear,anexptanation
whynot

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

Gi a ge.e,al d6siption of lh Goup! nst(manag6m6nt


policy,serung
oulandass.!3i.glhedsldscovered
byihesysten(6nkedaccodinq
!o
pnonry),alongsith the objectivbehindlhe poricylor eachkindol nsk:

(c) Minor(y
ShaEhoders
Indicate
lhep ncLpal
nskof th6trciee
orconlrclling
shaeholders'
voting

Rlsklo Mlno w Sh.rhold.E

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

Brietlydsc be lhe conlrolsysleru st Lrplo .s3.ss, manag8andco El


lhe m.ln i$oe/s facdby lhe @fiP.ny:

{ onnodn!.nd Mcasurn.nl

Rr.k .n.gmnr.ndcontbl
{srtuclu6., Pbcdurdi ^cuon!

ldentitythe commineeor anyolherbodyol @Aole govemane in


ngihesecont@lmechan
3m5,and
ch.r96of layingdownandsupeturs
givedetaibot it5tunclions:

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

^NNU^LCORPOME GOVEMCE REPAFT

(b) A slarnEntthal the dicclor3 h.vs vired lh elredivene$ of rhe


inlemal@nLd 3Flm andwhelherlhey@.sidertheme,feclivea.d

The Boardot Directc h.r Eviered [|e efectiwm$ of 0le Cmpany s


inlernal@nlroland@Bi&B thm .f&iv. ..d a.t quatEba*d on ports
ol rheAuditcmmin4, and$e Intem.lAudnoepanment
(c) Penod@vEEdbylire rvlewi
thoyeEr2012.
TheFviq covers
.r Evl6w3d
endlhodlroclors
c t6daior
{d) Howofteninlernalconl@ls
assessing
lheeftecliven8s
ol theinthaL
conloLsystemi
Annlally,withconsidealionlo lh. individual.epodslssuedout bylhe Audil
Commitee
andInlenalAudil
Opariment
fo.theauditaeascovered
dunng

(e) U/hee no Fviw $s @nducleddudngthe ye.., .n explanalion


whymt.

(a) Role,scopandlilmalAudlt
Funcllon
workand
Giva geniraldscdptlon
ollh. 1016,
lcopr olinlEmalaudit
ofrhe
inremal
.udir
tuncrion.
olh6rdetails

@.gemenl trm rhidr th.

Aud is kndredq4tte e 9

an busn*s aclivldesr
upoi
m.nagemenfsrequslor if

(b) Oolhe .ppoi.hent 5nd/orrehov.l ot lhe anlemal


Auditoror th.
a@ounli.g/aodning
fim or cdDoralionto whichthe intemalaudiltunctaons
ia ouls.ured equie lhe appbv.l ol lh6 aldn @mmihe?

(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.

Nos gnilicaitlrci& orPe asve


issues
andnndrng3
rrompvidus

lh6 ,6lalio.ship amongpEgE$, plans, iss@s and nndin$ 3hourdbe


vi*d a3 an intamal dnl@l r4iew cycl6 wfiich iNd@s lh. tolksin! steF

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) staielheofi@F (pEfe6bry


rhChaim.nandtheCEO)whowi haveto
alteslto the ompany s tul complianewiihthe sEc code ot coDorate
Goveman@
Suchconlimalion
muststatethatalldirectoB,
ofi@6 and
employees
oflhecomp.nyhavebeeng venpoperlnstruclion
ontheir
rospeciive
duliesasmandelod
bylhecodeandthatlntemat
mechanism
arein Dacelo ensuethatcomollance.
Th6 P.esidef,landCoDoratoSocrebryas CorptianceOmcer

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

2) Doeslh compa.yhavea separalecorpor.t6 c spons blrity(cR)


rcpodseclion
orsustanabilily
podseclion?

3) Pedomanenhancins mechanBft ior ehployeepanicipation.


(a) lryhala.e the @mFny s policyior ils nployeessareiy,heath,a.d

- 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

(c) Slaletheempanye lraining


prcgEmmes
anddeveLopme.t
lor ils
employees.
Sh@thedeta.

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.

Supeaisors (FLS) Boh6vioral


Salcty Wol6hop Advan.6d Fi..fghlng
TE ning Basic FiGlghiiig, BaEc Lf
Suppo.l Tfaining BaEic M6teorclogy and
Hydrcm3tHaza.d TEni.q, Somb Thre.t
TEl.ing Busness Conijiuily PrcgGm,
Chgmcal Spn TEin nq. Conlinuiig

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

Adfrinsl ng leam Foundaron


s.dd Ms
CoeoEte Odentation,
Rar6s.nd Raie6
TEi.ings, Efe.ri PrcsnralionTEinng,
L6:v Applicaiion Orientalb.. Phrrc.e
Elleclt Communieton Efedlv. Media
Sk ls: TheAn or MediaReartons,
Recods

(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

aiogEphicldetails{.t le..t ag6,qu.rihcafon!,d.ie ot f6r appointnenl


e4eiene. andanyothq dnedo6hiDsor risied@mpaiis) or
TEinlng
aidlor@nlinuing
edu@lioipDg6mnoaneidedbyeach
NLnbeorb@no'dn dodconrissbrrrEtngshelddrrirqfi./Er

a ondancedelailsot eachd Eclor/codhissioddln Especlof meelngh0 d

Derairsofrh
muneElion
ofrhecEo andeachmemberofthe
boardoi
diEcloB/@mmissoneE

l
lYes

nold sclose
anyoflheabove,please
indcalelhe
ShoudlheAnnualReport
asonlorlhenondisclosure.

3) Enerna Auditols tee

& 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

.. Daleol sendingout noties:


March26,2Oi2{Noli@wasreleasd
rogelher
wilhrheDeiiniriw
Intomalio. Slatennt)
b. OaloortheAnnuauspeci.t
Stockhotde6
Meeling:
Aptil26,2012
10.Slate,itany,qlestions
andanswers
durngtheAnnuat/Spcial
Slockholde
f' MeElinE.
qlastions
No6 gniticant
we.orais6d.
11.Resut ol Annuallsp6cal Slockhold
66' Metnqs Resotdons
Appfova ol thtolowing:
a) Minures
ollhe previous
n.etinE
b) Realeclionoi the incumbnt
dnecloB
c) AppolarollheAudited
Financialstatements
forlheyearenoeo
Decembor3l,2011
d)Appointmentof
lhe ndepende.taudiloB
e) App@valand.alifielion of the aclsof the Bo.rd andthe
M.nagement
fo. 2011
Adjolmment
or
rhemeerino
D

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

Proryrsinvadatedifii farsto meetlheminrnuh


rcquirements
of rhcolpoGtoncode
Theprcxesreceived
wthinrheperodslatedinth
Not@aresenitoihestockand
iransferageni
for
validalionFor ale proxies,va dalionmaybemade
betore
$e meelin9
bylheepresenralives
ot rhe
vorewi nolbe@nsidered

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

lnromalion stalenehl.hd Management


SlalewhelhercD romal or hardcopies

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

As provdedn thecG Manual

(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

Mel@Manla Resdenrs- pbraclonor

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

In @seof violationol a.y oi the


povisions
of theManuall

a) liBr violarion,rhe subjclperconshall


b) suspnsion ircm oitice shall ba
imposed
ln caseollh6 secondviolation.
Th6 duralio. ot lhe suspensionsh6ll
depend
onihegvltyollhevlolation.
penatyof
c)Thnd
vlolation,
themaximum
Emovalirom
onic6sharlbeimposed.

'NOfE: fhe abaveanswersate ban.Ju bestavatlabte


inlomatianas at Docanber
31, 2412,as shaM by Mpahy ewds anddedaratius of the olli@rcand
enployeesc@cemed,andnol @ thep*onal howledgeaf signalaies

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^

&;r NoIn frl/ ,

'{f,

LAIAUANIA-18-5274

l?/23/11'
N0,1412159