Related Party Transaction Policy


Related Party Transactions

Policies and Procedures

(1) Parent Company

  • The vote of the director involved in the Related Party Transaction and his presence in the board meeting is not necessary for the approval of the contract as provided under Sec. 32 of the Corporation Code.
  • Directors, who acquire any personal or pecuniary interest in conflict with their duty as such directors, shall be liable jointly and severally for any resulting damage suffered by the corporation, its stockholders or members as well as other persons (Sec. 31, Corporation Code)
  • There is also the presence of independent directors.
  • Establishes a robust internal audit system to prevent, among others, abusive related-party transactions.
  • Makes the necessary disclosures to alert stakeholders of the possibility that their financial position is affected by RPTs.

(2) Joint Ventures

(3) Subsidiaries

(4) Entities Under Common Control

(5) Substantial Stockholders

(6) Officers including 
spouse/children/siblings/parents

(7) Directors including
spouse/children/siblings/parents

(8) Interlocking director relationship
of Board of Directors