COMPANY POLICIES POLICY ON CONFLICT OF INTEREST Directors, officers, and employees have a duty of loyalty to IPM Holdings, Inc. and are therefore expected to always act in the Company’s best interests. A conflict arises when the personal, professional or business interests of a director, officer or employee influence or have the potential to influence, the exercise of his judgment in the performance of his duties to the Company. Conflicts of interest and even the appearance of a conflict of interest may compromise the Company’s reputation and must be avoided.
If any director, officer, or employee has any direct or indirect interest in, or relationship with, any individual or organization that proposes or has any transaction with the Company, such person should disclose such interest or relationship and refrain from approving, influencing the approval, or managing the particular transaction in which he has an interest. The Company reserves its right to transfer the assignment of such person should they find it necessary in order to preserve the interests of the Company.
Nevertheless, the Company also respects its employees' right to privacy in their personal activities and financial affairs. It is the responsibility of each employee to ensure that his personal conduct complies with this policy and make the proper disclosures, whenever applicable, to allow the Company to determine and address conflict of interest issues.
POLICY ON RELATED-PARTY TRANSACTIONS The Board of Directors is mandated to formulate and implement policies and procedures that ensure the integrity and transparency of related-party transactions between and among the Company, joint ventures, subsidiaries, associates, affiliates, major shareholders, officers and directors, including their spouses, children and dependent siblings and parents, and of interlocking director relationships by members of the Board.
Possible and actual conflicts of interest between the Company and the Board and Management must be identified in all transactions and contracts entered into by the Company. In case such conflict/s exist and it is determined that the contract or transaction is vital or beneficial the Company, the Company may engage in such related-party transaction with prior Board approval. The arms-length principle is applied and these transactions are to be properly recorded and disclosed in the financial records.
For additional information, kindly click the ipm_-_policy_on_material_related___party_transactions.pdf POLICY ON INSIDER TRADING IPM Holdings, Inc. is committed to protecting security holder investments and expects all employees to comply with the applicable reporting obligations and trading restrictions imposed by the Company, the Securities and Exchange Commission and the Philippine Stock Exchange. Employees who are in possession of material information about the Company must not trade in securities of the Company until such information is generally and publicly available. Providing inside information to others who then trade on such information is also strictly prohibited. Employees should make themselves familiar with the Corporation's Trading and Disclosure Policies.
POLICY ON WHISTLE-BLOWING IPM Holdings, Inc. is committed to high standards of ethical, moral and legal conduct. The Company encourages directors, officers and employees to report suspected anomalies, illegal acts, malpractices and violations of the Company’s Code of Business Conduct and Ethics and other Company rules and regulations, and are assured that they may do so without fear of retaliation, punishment or unfair treatment.
To facilitate follow-up and inquiries during investigation, Whistleblowers are encouraged to identify themselves. All reports shall be treated in strictest confidence and the identity of the Whistleblower will not be disclosed if the Whistleblower so prefers, unless the Whistleblower will be required to stand as a witness in court. The Company is not required to maintain the Whistleblower’s anonymity where the latter has told others of the report or subject concern.
Concerns reported anonymously will be investigated appropriately, subject to the gravity and credibility of the subject matter raised and the probability of validating the concern from reliable sources.
Should it be determined that a Whistleblower knowingly submitted a report containing false allegations or presented fabricated evidence, the Whistleblower shall be subject to disciplinary or legal action pursuant to the policies and procedures of the Company and all applicable laws.
POLICY ON HEALTH, SAFETY AND WELFARE OF EMPLOYEES IPM Holdings, Inc. believes that the well-being of the Company is driven by the health and safety of its workforce, customers, and the public-at -large. Therefore, the Company shall exert reasonable efforts and resources to continuously provide and maintain a safe and healthy work environment. When inside the Company premises, employees, customers, and third-parties are encouraged to observe and follow the Company’s prescribed safety measures and health standards.
Penthouse, The Taipan Place, F. Ortigas Jr. Road, Ortigas Center, Pasig City 1605, Metro Manila, Philippines | Tel Nos. (632) 8633-4372; (632) 8424-2550 to 59