Plans to Improve

The Energy Development Corporation (EDC) recognizes the stockholders and other stakeholders’ expectations of high standards of behavior and accountability from directors and officers, and firmly requires strict adherence to the corporate governance principles of loyalty, fairness, accountability, transparency and integrity. All Directors, Officers and employees of EDC are required and expected to carry out their respective duties and responsibilities effectively and in compliance with these governance principles.

EDC is continually reviewing its policies and processes for further improvements in corporate governance practices within the Company and to address the changes in government legislation, administrative regulations and international best practices.

To this end, EDC has likewise strengthened its partnership with regulatory government agencies and SEC-accredited corporate governance institutions.

Through the Compliance Office, EDC has likewise affiliated itself with corporate governance and ethics advocates and practitioners in the Philippines composed of representatives from publicly-listed corporations with known good corporate governance practices.