Del Monte Philippines is committed to the highest standards of corporate governance and supports the principles of openness, integrity and accountability.
DMPI has a strong and robust corporate governance structure which ensures that Management is accountable to the shareholders and stakeholders, and operates in an ethical and responsible manner. Our Board of Directors directs the long-term strategy of the Company, continually evaluates the performance of Management, reviews material issues, and provides guidance on matters relating to governance.
“Ethics is the new competitive environment.”
Peter Robinson, CEO
Del Monte Philippines Inc. is committed to the highest standards of corporate governance as it supports the principles of openness, integrity and accountability advocated by the Philippine Stock Exchange, Inc. (PSE) and the Securities and Exchange Commission of the Philippines (SEC).
The Board of Directors and Management are committed to use their best endeavors to align the Company’s governance framework with the recommendations of the ASEAN Corporate Governance Scorecard and the SEC’s Philippine Code of Corporate Governance for Publicly Listed Companies.
In this Information Age where data is considered the new currency, data protection, privacy, and cybersecurity have never been more important. As data processing evolves and companies increase their reliance on big data, the risks of data breaches and potential misuse of personal and sensitive information have become more apparent and, in many cases, have given rise to new laws and regulations worldwide.
In response to this challenge, the Company has strengthened its commitment to protect the personal data of its various stakeholders, including its employees, shareholders, customers, contractors, business partners and suppliers. The Company has adopted a Data Privacy Manual which codifies the Company’s commitment to ensuring the free flow of information to promote innovation and growth, and for the proper management of its businesses, while at the same time ensuring that the subject’s fundamental right to privacy is respected.
With evolving privacy laws and regulations, the Company needs to more carefully navigate the changing legal environment while remaining steadfast in its commitment to data privacy. The same applies to cybersecurity laws and regulations which have also become increasingly more complex. Companies can be subjected to fines, injunctions, government audits and, in more serious cases, criminal liability.