EEI Corporation adheres to all the rules and regulations issued by the Securities and Exchange Commission and the Philippine Stock Exchange. Particular emphasis is given in promoting transparency and fairness to all stakeholders in accordance to the highest precepts of Corporate Governance.
The interests of its shareholders and customers are of prime importance. Furthermore, the Company ensures that all shareholders, whether retail or institutional, are treated equally.
The Company received one of the best ratings in the construction industry in the recent ASEAN Corporation Governance Scorecard peer-review. It also received, for 5 consecutive years (2010 to 2014) an award for being among the Best of Asia in Corporate Governance.
EEI’s policy on fraud refers to any irregularity or suspected irregularity involving directors, officers, and employees, as well as shareholders, consultants, vendors, contractors, customers, or any other party with a business relationship with the Company and its subsidiaries. Any investigative activity required will be conducted without regard to the suspected wrongdoer’s length of service, position, title or relationship to the Company. The drive for performance will not be allowed to override probity and accountability.
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EEI’s Code of Business Conduct and Ethics strictly requires all personnel to be entirely free from the influence of conflicting interests when representing the Company in any business dealings, or when making recommendations to the Company’s Management. The code provides rules which prohibit employees or their immediate family from accepting gifts, entertainment, or any other personal benefit or privilege in the performance of their duties.
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The Company has various policies in place that establish internal controls to ensure ethical behavior, efficiency, and continuous improvement. The Internal Audit Group reinforces the control activity and is responsible in providing and independent and objective review of these internal controls set up by management. The Internal Audit Group is likewise responsible for evaluating the adequacy and effectiveness of these controls, and recommending necessary improvements.
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An important aspect of accountability and transparency is a mechanism that enables employees and other stakeholders of the Company to voice concerns in a responsible and effective manner.
EEI’s Whistle Blowing Policy is intended to assist individuals who believe they have discovered impropriety within the Company. This Policy contains the provisions to guide stakeholders of the Company how to, without fear of reprisal, internally disclose information which is believed to show serious malpractice or wrongdoing within the organization.
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EEI Corporation has an Employee Stock Option or Investment Plan (ESOIP) meant to encourage employees’ ownership in the Company by purchase of common shares, under favorable terms, to provide incentive for employees to remain in the service of the Company and thereby have direct and continuing interest in the productivity and profitability of the Company.
To view the policy, click here .