Mandatory seminars are conducted to impress upon and refresh all employees’ awareness and understanding of the Company’s Manual of Corporate Governance and Code of Ethics and Business Conduct, as well as the underlying principles of corporate governance and ethical behavior and conduct for the Company.
In 2011, the Board mandated a Corporate Governance Seminar for all employees. This was followed by a mandate in 2012 requiring all newly-hired employees to attend a new hires’ seminar and an annual Quality Focus seminar which includes an orientation on the Company’s Manual of Corporate Governance and Code of Ethics and Business Conduct.
In 2013, the Company launched its online Corporate Governance E-learning Course for all newly-hired employees. This was taken by all employees through a web-based portal with a standard test, the results of which are reported to management and the Board Corporate Governance Committee.
On July 24, 2014, in compliance with Memorandum Circular 20, Series of 2013 of the Securities and Exchange Commission and in partnership with the Institute of Corporate Directors, the Company held its Aboitiz Annual Corporate Governance Seminar at its principal office in Bonifacio Global City, Taguig City. This seminar was attended by the Company’s Board of Directors and key officers.
On March 25, 2015, the Company conducted its 2015 Aboitiz Annual Corporate Governance Seminar in Taguig City, which was attended by around forty directors and key officer. This seminar was again conducted in partnership with the Institute of Corporate Directors.
On March 28, 2016, the Company together with Aboitiz Equity Ventures, Inc.(AEV) conducted their first In-House Mandatory Corporate Governance Seminar in Shangri-La at the Fort, the Manila. The seminar was attended by over fifty participants composed of AEV and AboitizPower’s Directors and Key Officers.
On March 28, 2017, The Pan-Asia Risk and Insurance Management Association (PARIMA) held its first regional conference in Manila at the Shangri-La at the Fort Manila, Taguig City, Philippines. This year’s theme is ‘Sustainable, Resilient, & Intelligent Future,’ which aimed to strengthen and educate risk management professionals and key industry players in today’s rapidly changing risk landscape. With more than 270 participants, the PARIMA Manila Conference was a landmark event for the risk professional community. In Aboitiz Group, around 50 delegates composed of some members of the Board of Directors, Risk Managers and Senior Executives attended.
On March 29, 2017, AEV Group Risk Management, in coordination with AEV Governance and Compliance team, organized an Executive Briefing for the Board and Directors and Senior Executives of the Group, with more than 80 participants. The briefing covered three topics such as The 2017 Top Global Risks: World Economic Forum, Millennial Mindset – Risk and Opportunity in the Workforce, and Cyber Security. The participants were also given an opportunity to raise their concerns during the Q&A portion of the program.
Risk management plays its part in the achievement of the Aboitiz Group’s strategic objectives by creating a culture of measuring and managing risk.
Now on its third year of assessing the risk maturity of the Aboitiz Group, the Group’s average rating is at 3.9 on a scale of 1 -5. This puts the Group at the top 15% of all organizations that participate in the global Risk Maturity Index (RMI) assessment conducted by AON annually. The 2014 assessment was participated by 110 Aboitiz Group team leaders, including board members, C-Suite, key operating team leaders, and risk managers from 16 business units.