SEC FORM I-ACGR – INTEGRATED ANNUAL CORPORATE GOVERNANCE REPORT GENERAL INSTRUCTIONS Use of Form I-ACGR This SEC Form shall be used as a tool to disclose Publicly-Listed Companies’ compliance with the recommendations provided under the Code of Corporate Governance for Publicly-Listed Companies, which follows the or explain” approach, and for harmonizing the “comply corporate governance reportorial requirements of the SEC and the Philippine Stock Exchange (PSE). Preparation of Report general instructions are not to be filed with the report. The report shall contain the numbers and captions of all items. The I-ACGR has four columns, arranged as follows: RECOMMENDED CG COMPLIANT/ ADDITIONAL EXPLANATION PRACTICE/POLICY INFORMATION Contains CG Practices/ Policies, The company The company The PLCs shall provide labelled as follows: shall indicate shall provide the explanations for or additional any non-compliance, information to pursuant to the “Recommendations” – “comply derived from the CG Code support their or explain” approach. for PLCs; with the compliance to recommended with the Please note that the “Supplement Recommendation” practice. recommended explanation should – derived from the PSE CG CG practice describe the Guidelines for Listed and include Companies; how the overall Principle being “Additional Recommendations” CG recommended is still – Practices not in the CG being achieved by the Code for PLCs and PSE CG company. Guidelines but are expected already of PLCs; and *“Not Applicable” or shall not be “Optional “None” Recommendation” considered as – practices taken from the sufficient explanation ASEAN Corporate Governance Scorecard *Items under (1) (3) must be – answered/disclosed by the PLCs following the or “comply explain” approach. Answering of items under (4) are left to the discretion of PLCs.
SEC FORM – I-ACGR INTEGRATED ANNUAL CORPORATE GOVERNANCE REPORT GENERAL INSTRUCTIONS Use of Form I-ACGR This SEC Form shall be used as a tool to disclose Publicly-Listed Companies’ with the recommendations provided under the Code of Corporate Governance for Publicly-Listed Companies, which follows the “comply or explain” approach, and for harmonizing the corporate governance reportorial requirements of the SEC and the Philippine Stock Exchange (PSE). Preparation of Report general instructions are not to be filed with the report. The report shall contain the numbers and captions of all items. The I-ACGR has four columns, arranged as follows: RECOMMENDED CG PRACTICE/POLICY COMPLIANT/ ADDITIONAL INFORMATION EXPLANATION Contains CG Practices/ Policies, labelled as follows: “Recommendations” – derived from the CG Code for PLCs; “Supplement to Recommendation” – derived from the PSE CG Guidelines for Listed Companies; “Additional Recommendations” – CG Practices not in the CG Code for PLCs and PSE CG Guidelines but are expected already of PLCs; and “Optional Recommendation” – practices taken from the ASEAN Corporate Governance Scorecard *Items under (1) – (3) must be answered/disclosed by the PLCs following the “comply or explain” approach. Answering of items under (4) are left to the discretion of PLCs. The company shall indicate compliance or with the recommended practice. The company shall provide additional information to support their compliance with the recommended CG practice The PLCs shall provide the explanations for any non-compliance, pursuant to the “comply or explain” approach. Please note that the explanation should describe the and include how the overall Principle being recommended is still being achieved by the company. *“Not Applicable” or “None” shall not be considered as sufficient explanation
SEC-Form-I-ACGR-.docx