2020 ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
B.4.4

Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring that they are being conducted at arm's length basis and at market rates?

Response

YES. The Company' Related Party Transactions Policy prohibits the grant of personal loans, advances, guarantees and securities, in any manner, to its Directors, including their spouses and other dependents. 

 

 

Good Governance Department

Joseph D. Susa
Tel: (+632) 8888-3942
Email: [email protected]