COMMITMENT TO BEST PRACTICES OF GOOD GOVERNANCE
Driven by its values of diligence, compassion, accountability and growth, ICTSI continuously upholds and implements good governance in accordance with prevailing laws and best practices. Following the Code of Corporate Governance for Publicly-Listed Companies promulgated by the Philippine Securities and Exchange Commission (SEC), ICTSI focuses on the following core principles of good corporate governance:
- Effective and Competent Board Governance;
- Transparency in the Conduct of Company Affairs;
- Strong Internal Control System and Enterprise Risk Management Framework;
- Synergic Relationship with Stockholders; and
- Commitment and Interaction with Stakeholders.
To update its stockholders on its compliance with all requirements on corporate governance, ICTSI distributes an Annual Report on Corporate Governance to all stockholders during the latter's annual meeting. Furthermore, ICTSI complies with the required submissions by Philippine authorities such as the SEC Annual Corporate Governance Report, which, effective 2017, has been converted into the SEC Integrated Annual Corporate Governance Report. For benchmarking against global standards on good corporate governance, ICTSI also provides responses to the ASEAN Corporate Governance Scorecard. In compliance with the recommendation of Philippine SEC, the Company engaged the Good Governance Advocates and Practitioners of the Philippines (GGAPP) for its Independent Party Board Evaluation for the 2020 performance of the Board and Key Officers based on the Company Manual on Corporate Governance and corporate governance practices. GGAPP issued a Certificate that it has conducted the said evaluation.
Other required Disclosures concerning corporate governance are also available at the Investors page.