PETRON CORPORATION The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Petron Corporation PCOR PSE Disclosure Form 17-18 - Other SEC Forms/Reports/RequirementsForm/Report Type | New Manual on Corporate Governance |
Report Period/Report Date | May 30, 2017 |
Description of the Disclosure
Please find attached the new Manual on Corporate Governance of the Company which was approved by its Board of Directors on May 8, 2017 and signed by the Chairman of the Board and the Compliance Officer of the Company (the "New CG Manual").
The Company submitted its New CG Manual to the Securities and Exchange Commission on May 29, 2017 further to its SEC Form 17-C dated May 8, 2017 and pursuant to SEC Memorandum Circular No. 19 (Series of 2016) and SEC Memorandum Circular No. 8 (Series of 2017).
The New CG Manual will be promptly posted on the company website.
Filed on behalf by:
Name | Jhoanna Jasmine Javier-Elacio |
Designation | Legal Manager and Assistant Corporate Secretary |
C O V E R S H E E T
3 | 1 | 1 | 7 | 1 |
S. E. C. Registration Number
P | E | T | R | O | N |
C | O | R | P | O | R | A | T | I | O | N |
(Company's Full Name)
S | M | C | H | E | A | D | O | F | F | I | C | E | C | O | M | P | L | E | X | 4 | 0 | S | A | N |
M | I | G | U | E | L | A | V | E. | M | A | N | D | A | L | U | Y | O | N | G | C | I | T | Y |
( Business Adress: No. Street City / Town / Province )
ATTY. JOEL ANGELO C. CRUZ
886-3888
Contact Person Company Telephone Number
NEW MANUAL
ON CORPORATE GOVERNANCE
1 2 3 1 0 5 1 6
Month Day FORM TYPE Month Day Fiscal Year Annual Meeting
(for 2017)
Certificates of Permit to Offer Securities for Sale dated 1994, 1995, 1996, 2010, 2014 and 2016
Secondary License Type, if Applicable
Dept. Requiring this Doc.
147,988 (as of March 31, 2017)
Total No. of Stockholders
N/A
Amended Articles Number/Section
Total Amount of Debt Outstanding: P228,163 Million (as of March 31, 2017-CONSO)
Domestic Foreign
To be accomplished by SEC Personnel concerned
Fiscal Numer LCU
Document I. D. Cashier
S T A M P S
Remarks = pls. use black ink for scanning purposes
PETRON
SECURITIES AND EXCHANGE COMMISSIO N
Secretariat Building
PICC Complex, Roxas Boulevard Pasay City
Re: Submission of the New Manual on Corporate overnance
Gentlemen:
Please find enclosed the new Manual on Corporate Governance of the Company which was approved by its Board of Directors on May 8, 2017 and signed by the Chairman of the Board and the Compliance Officer of the Company (the "New CG Manual") . The Company is submitting its New CG Manual further to its SEC Form 17-C dated May 8, 2017 filed with the Securities and Exchange Commission and pursuant to SEC Memorandum Circular No. 19 (Series of 2016) and SEC Memorandu m Circular No. 8 (Series of 2017).
The New CG Manual will be promptly posted on the company website.
Very truly yours,
'y
JOEL ANGELO C. CRUZ ti,
VP - General Counsel & I
Corporate Secretary
Pf TRo CORPORATION, SMC Head Office complex, 40 San Miguel Avenue, Mandaluyong City 1550, Metro Manila,Philippines
PO Box 014 MCPO 0:08 Tel.:(632) 884-92?0 • Pandacan Terminal, Jesus St., Pandacan. Manila Tel.: (632} 563-8526 to 31 • Mandaue Terminal.Looc. Mandaue Crty, Cebu Tel.: (032) 344-7341 • Davao Depot, Km. 9 Bo. Pampanga, Davao City Tel.;(082) 234-2185 I 233-0399 • Internet: http:/lwww.petron.com
PETRON CORPORATION MANUAL ON CORPORATE GOVERNANCEThe Board of Directors, executives (the "Management"), officers, and employees of Petron Corporation (the "Corporation") hereby commit themselves to the principles and best practices contained in this Manual on Corporate Governance (the "Manual"), and acknowledge that the same shall guide the attainment of their corporate goals.
-
OBJECTIVE
This Manual shall institutionalize the principles, policies, programs, and procedures of good corporate governance in the entire organization. It shall be submitted to the regulators and posted on the website of the Corporation.
The Board of Directors, Management, officers, employees, and shareholders of the Corporation believe that corporate governance is a necessary component of what constitutes sound strategic business management and will therefore undertake every effort necessary to create awareness thereof within the organization as soon as possible.
- COMPLIANCE SYSTEM
- Compliance Officer
To ensure adherence to corporate principles and best practices, the Board of Directors shall appoint a Compliance Officer who shall hold the position of a Vice President or its equivalent position with adequate stature and authority in the Corporation.
The Compliance Officer shall not be a member of the Board of Directors.
The Compliance Officer shall have direct reporting responsibilities to the Chairperson of the Board of Directors. He is primarily liable to the Corporation and its shareholders.
The Compliance Officer shall annually attend a corporate governance training.
The Compliance Officer shall perform the following duties, among others:
ensures proper onboarding of new directors (i.e., orientation on the business, the Corporation's articles of incorporation (the "Articles of Incorporation") and the Corporation's by-laws (the "By-laws"), among others);
Petron Corporation published this content on 30 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2017 03:26:10 UTC.
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