ASEAN CORPORATE GOVERNANCE SCORECARD SELF-ASSESSMENT (2024-2025)
BONUSLEVEL 2 | ||||
BONUS ITEMS | ||||
SCORECARD ITEM | GUIDING REFERENCE | RESPONSE (Yes/No) | COMPANY REMARKS | |
(B)A. | Rights and Equitable Treatment of shareholders | |||
(B)A.1 | Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting. | |||
(B)A.1.1 | Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? | G20/OECD Principles of Corporate Governance (2023): II.C.6. The objective of facilitating shareholder identification and participation suggests that jurisdictions and/or companies promote the enlarged use of information technology in voting, including secure electronic voting in all publicly traded companies for both remote and in person meetings. The principles recommend that voting by proxy be generally accepted. Indeed, it is important for the promotion and protection of shareholder rights that investors can rely on directed proxy voting. | Yes | Before every Annual Stockholders' Meeting, the Company uploads to its Investor Relations pagethe Rules for Voting in Absentia. The company conducted the voting via online using the voting system designed by Azeus Convene duly audited by the external auditor of the Company and validated by the Board of Canvassers for the 2024 Annual Stockholders' Meeting on July 6, 2024. Rules to Govern the Nomination and Election of the PSE Board of Directors Pages 10-12, Rule X on Proxy Rules Annex B - Proxy Guidelines Annex C - Voting Guidelines 2024 Integrated Annual Corporate Governance Report Page 8074, Optional Principle 13 (2) Pages 17-185-16, Recommendation 2.6 Pages 75-7668-69, Supplement to Recommendation 13.1 (1) (3) (4) |
Results of Annual Stockholders' Meeting | ||||
(B)A.2 | Equitable treatment of shareholders | |||
(B)A.2. | Notice of AGM | |||
(B)A.2.1 | Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced | G20/OECD Principles of Corporate Governance (2023): II.C.1. Shareholders should be | Yes | The Corporate Secretary certified that notices, including the requirement Information Statement, were first published |
LEVEL 2 | ||||
BONUS ITEMS | ||||
SCORECARD ITEM | GUIDING REFERENCE | RESPONSE (Yes/No) | COMPANY REMARKS | |
to the Exchange, at least 28 days before the date of the meeting? | furnished with sufficient and timely information concerning the date, format, location and agenda of general meetings, as well as fully detailed and timely information regarding the issues to be decided at the meeting. II.C.5 Effective shareholder participation in key corporate governance decisions, such as the nomination and election of board members, should be facilitated. | and sent to stockholders on 14 June 2024 to all stockholders of record of the Company. The Annual Stockholders' Meeting took place on 6 July 2024. ASM Minutes 2024 Page 1 | ||
ICGN (2021) PRINCIPLE 10: 10.3 Meeting Notice The board should ensure that the meeting agenda is posted on the company's website at least one month prior to the meeting taking place. | ||||
(B).B. | Sustainability and Resilience | |||
(B).B.1 | ||||
(B).B.1.1 | Does the company disclose how it manages climate-related risks and opportunities? | G20/OECD Principles of Corporate Governance (2023): VI.A.4. If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly disclosed in an easily accessible form to allow investors to assess the credibility and progress towards meeting the announced goal or target. | Yes | This is disclosed in our Sustainability Report. Reference: Sustainability Report 2024 Pages 6-7 |
LEVEL 2 | ||||
BONUS ITEMS | ||||
SCORECARD ITEM | GUIDING REFERENCE | RESPONSE (Yes/No) | COMPANY REMARKS | |
ICGN (2021) PRINCIPLE 7: 7.5 Climate change The board should assess the impact of climate change on the company business model and how it will be adapted to meet the needs of a net zero economy as part of a long-term strategy. This includes setting and disclosing targets to reduce carbon emissions and a period for achievement. Where climate change risks, whether physical or transitional, are identified as material and relevant, reporting should include discussion of the diligence process, strategy, metrics, targets and initiatives used to manage the risks. TCFD, Metrics and Targets
against targets | ||||
LEVEL 2 | ||||
BONUS ITEMS | ||||
SCORECARD ITEM | GUIDING REFERENCE | RESPONSE (Yes/No) | COMPANY REMARKS | |
(B).B.1.2 | Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? | G20/OECD Principles of Corporate Governance (2023) VI.A.5. Phasing in of requirements should be considered for annual assurance attestations by an independent, competent and qualified assurance service provider in accordance with high quality international assurance standards in order to provide an external and objective assessment of a company's sustainability-related disclosure. ICGN (2021) PRINCIPLE 7: 7.4 Sustainability reports The board should provide sustainability reporting to reflect the complexities inherent in a contemporary business by blending financial, human and natural capital considerations in the context of a company's current and future strategic direction. Such disclosures should: f. be strengthened where possible by audit or independent assurance that is carried out annually having regard to established disclosure standards. GRI 2-5 External assurance The organization shall: describe | No | No external assurance of the 2024 Sustainability Report was provided for. The Securities and Exchange Commission has yet to release regulations requiring external assurance of annual sustainability reports. The Exchange remains attentive to and mindful of any regulations of the SEC on this matter. |