First Philippine Holdings Corporation (“Company”) is a publicly-held holding company engaged in diversified businesses with focus on power, utilities, infrastructure and support industries.
Our basic purpose is to create new wealth for our stakeholders in a manner consistent with national socio-economic development.
We adhere to the values and principles instilled in us by our founder, namely: nationalism, integrity, entrepreneurship and innovation, teamwork and a strong work ethic.
We recognize that our businesses provide basic goods and services to the country. We remain committed to provide quality and timeliness in the delivery of our products and services consistent with the profitable growth of the Company.
In promoting the interests of our stakeholders, we are committed to good corporate governance.
We value our human resources and commit to support their development and welfare.
Accordingly, we promulgate this Code to set the principles and guidelines in the conduct of our business and in dealing with our stakeholders.
We strive to give competitive returns on the investment of our shareholders while exercising prudence in our decisions and in the use of our assets and resources.
We recognize that our businesses provide basic goods and services to the country. Customer satisfaction is a paramount concern.
Joint Venture Partners
We form strategic alliances with local and foreign parties in the pursuit of the Company’s corporate objectives to enhance our competitive advantage.
We continue to abide by our governing covenants defining our business relationship with our joint venture partners under a regime of mutual trust, fairness, professionalism and good faith.
Suppliers and Service Providers
We value our suppliers of goods and services as partners in the pursuit of our businesses.
We recognize the authority of the government. We abide by their rules, orders and decisions while keeping our right to invoke any and all legal entitlements and administrative, judicial or other remedies and to advocate for change and reform when appropriate.
We treat our creditors as partners. We foster relationships with them based on mutual trust, good faith and professionalism.
Our employees are our most important resource. We are committed to fostering a work environment in which employees are treated with respect and dignity.
We strive to provide our employees opportunities for professional advancement, care for their professional needs and the enhancement of the quality of life of their families. We commit to find effective ways to foster professionalism, teamwork and employee participation to attain higher levels of productivity and quality.
We hire employees based on merit, qualifications, competencies, and potential. We motivate and train our employees to achieve the highest level of efficiency and competence.
We impress upon our employees our responsibility as good corporate citizens and members of society.
CORPORATE SOCIAL RESPONSIBILITY
We shall pursue civic, charitable, and social projects and undertakings.
We remain partners with non-governmental organizations whose objectives and activities are aligned with our Company’s goals and commitment to contribute to society’s needs for poverty alleviation, health, education and environmental protection.
We operate and maintain our businesses consistent with sustainable development and generally accepted industry practices.
This Code covers all directors, employees, consultants, product and service providers and any and all persons who act for and in behalf of the Company.
The Code of Conduct, along with other materials, is provided every new employee of the Company as part of the HR Policy Manual and concomitantly signs the compliance statement
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