cw3 pldt.pptx

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Reaction in the Business

Code Ethics of PLDT

Dela Rea, Kimmi F.

Navales, Reihnier J.


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5 Items we like most1. Avoid taking unfair advantage of

anone through mani!ulation,"on"ealment, a#use of !rivilegedinformation, misre!resentation ofmaterial fa"ts, or an unfair dealing!ra"ti"e.$. Deal fairl with the %om!an&s "ustomers,servi"e !roviders, su!!liers, "om!etitors and

em!loees.

'. Avoid an a"tual or a!!arent "on(i"ts ofinterest #etween our !rivate interest,

in"luding the !rivate interest of a mem#er of

our famil, and the interests of the %om!an,unless ou have o#tained !rior a!!roval #

the a!!ro!riate a!!roving authorities asdesignated in a!!li"a#le !oli"ies of the

%om!an. An a"tual or a!!arent "on(i"t ofinterest, and an material transa"tion or

relationshi! that "ould reasona#l #e e)!e"tedto give rise to a "on(i"t of interest, should #e

dis"losed to the %or!orate *overnan"e +"e .

-. ro!erl review and "riti"allanal/e !ro!osed dis"losure fora""ura" and "om!leteness 0or,where a!!ro!riate, delegate thistask to others.

5. Follow %om!an !oli" and

a!!li"a#le laws regarding#usiness re"ords retention.2nsure that re"ords are notaltered, "on"ealed, destroed orfalsi3ed to im!ede, o#stru"t orin(uen"e an investigation #,

or !ro"eeding #efore an o"ial%om!an "ommittee or #od,governmental, regulator or

4udi"ial #od having 4urisdi"tion.


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5 Items we least like1. rote"t the assets of the %om!an

from loss, damage, misuse or theft.$. Advan"e the %om!an&s legitimateinterests when the o!!ortunit arises.Avoid "om!eting with the %om!an on a#usiness o!!ortunit or a"uiring aninterest adverse to that of the%om!an&s. Refrain from taking

advantage of %om!an !ro!ert,information or !osition, or o!!ortunitiesarising from these, for !ersonal gain, to"om!ete with the %om!an, or a"tagainst the #est interest of the%om!an. Dire"tors, o"ers andem!loees who intend to make use of

%om!an !ro!ert or servi"es in amanner not solel for the #ene3t of the%om!an should o#tain !rior a!!rovalfrom a!!ro!riate a!!roving authoritiesas designated in a!!li"a#le !oli"ies ofthe %om!an.

'. 7e familiar with the dis"losurereuirements a!!li"a#le to the%om!an as well as the #usinessand 3nan"ial o!erations of the%om!an.

-. Assess the e8e"tiveness of the

dis"losure "ontrols and!ro"edures and internal "ontrolsand take "orre"tive a"tions withregard to an identi3edweaknesses or de3"ien"ies.

5. Full assess and manage risks

involved in undertakingstrategies, a"uisitions, a"tivities,!rodu"ts, servi"es and other#usiness endeavors of the%om!an


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+!inions 1. 2ver "om!an has its assets. 9e "annot avoidloss or damages of the assets of "om!an. Instead ofusing the word !rote"t, it ma use the word !revent.

$. :tated a#ove it shows a greed attitude on theside of the "om!an. It "onves that everem!loee&s move should #ene3t the "om!an.

'. Not ever em!loee "an familiari/e thereuirements for dis"losure. ;he dis"losure should#e s!e"i3" to #e understood easil.

-. ;he !rin"i!le did not s!e"if who will take

"orre"tive a"tions if ever de3"ien"ies o""ur withinthe "om!an "aused # an em!loee.

5. ;aking risk is one of the im!ortant things in a"om!an. In managing risks, the em!loees whotook the risk should take full res!onsi#ilit. ;heres!onsi#ilit should #e #etween dire"tors and


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