Corporate Governance2019

Telephone: (632) 706-7888

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(632) 706-5980

FORUM PACIFIC INC.

35th Floor, One Corporate Center

Julia Vargas Ave. corner Meralco Ave.

Ortigas Center, Pasig City, Philippines 1605

info@forumpacific.com

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Good Corporate Governance 2019

n adherence to good corporate governance, together with other affiliated companies, Forum Pacific, Inc.’s directors and key officers completed Corporate Governance Seminar Program held on August 8, 2019 at Metropolitan Club, Estrella corner Amapola Sts., Guadalupe Viejo, Makati City. Agendas discussed by the SEC accredited training provider, Risk, Opportunities, Assessment and Management (ROAM), Inc. are the following:

I. 2016 SEC Code Corporate Governance for Publicly-Listed Companies (PLCs)

 16 Principles of the 2016 Code of Corporate Governance

Board’s Governance Responsibilities (1-7)

1. Competent Board Principle
2. Clear Roles & Responsibilities Principle
3. Establish Board Committees Principle
4. Foster Commitment Principle
5. Reinforce Board Independence Principle
6. Assess Board Performance Principle
7. Strengthen Board Ethics Principle

Disclosure & Transparency (8-11)

8. Enhancing Company Disclosure Policy and Procedure Principle
9. Strengthening External Auditor’s Independence and Improving Audit Quality Principle
10. Increase Focus on Non-Financial and Sustainability Reporting Principle
11. Promote Comprehensive and Cost Efficient Access to Relevant Information Principle

Internal Control & Risk Management Framework (12)

12. Strengthening Internal Control and Risk Management Principle

Cultivating a Synergic Relationship with Shareholders (13)

13. Promoting Shareholders Rights

Duties to Stakeholders (14-16)

14. Respecting Rights of Stakeholders and Effective Redress for Violation of Rights Principle
15. Encourage Employee Participation Principle
16. Sustainability and Creation of Shared Values Principle

II. Sustainability Reporting Guidelines for Publicly-Listed Companies (PLCs)

 Comply or Explain
 Rationale for Sustainability Reporting
 Objectives of SEC Guidelines on Sustainability Reporting
 Sustainability Defined

III. Revised Corporation Code of the Philippines

IV. 10 Major Corporate Scandals of 2018

V. 2019 Global and Regional Trends in Corporate Governance

VI. Economic Statistics

VII. Data Privacy Act Compliance

Certificates of Completion on Corporate Governance Seminar - 2019

Certificate - Annabelle T. Abunda

Certificate - Arsenio A. Alfiler, Jr.

Certificate - Arthur R. Ponsaran

Certificate - Byoung Hyun Suh