PREMIUM LEISURE CORP.’s corporate policies were created to supplement its Manual on Corporate Governance and Code of Business Conduct and Ethics. The Company regularly reviews and updates these policies to ensure it keeps up with current best practices.
The Company uses a whistle-blowing policy, which employees, customers, shareholders and stakeholders can make use of to report questionable activities, unethical conduct, fraud or malpractice by mail, phone or electronic mail in strictest confidentiality to allay fears of retaliation. The Company’s Head of Corporate Governance (CG) shall establish the materiality and validity of all whistle-blower reports. Reports may also be submitted to any Department Head of the Company. The Head of CG shall endorse the report to the Ethics Committee (Management level) for further investigation if the report is deemed well-substantiated. On the other hand, if the report is deemed unsupported, the Head of CG shall inform the whistle-blower of the status of the report within 24 hours from receipt of the assessment. All disclosures, statuses and resolutions shall be regularly reported to the CG Committee.
Reports may be submitted to the:
Head, Governance Department
Premium Leisure Corp.
5/F Tower A, Two E-Com Center
Palm Coast Avenue, MOA Complex, Pasay City
Email address: firstname.lastname@example.org
Tel. No.(632) 662-8888
PLC also has in place an Insider Trading Policy. This policy prohibits the Company’s directors, officers, and employees from using privileged company information for personal gain. Click here to view Trading of PLC shares.
PLC’s policy on Safeguarding Creditors’ Rights. PLC observes propriety and acts with fairness and transparency in dealing with business partners (i.e., contractors, suppliers, creditors and other entities that engage in business with the Company). The Company adheres to its principles of healthy competition, equal opportunity and fair treatment of business partners. Annual and quarterly financial reports are disclosed accurately and in a timely manner. PLC respects agreements with creditors, manages loans according to lending objectives, ensures timely repayment of loans and interests, honors loan conditions as agreed and competently operates the business to assure creditors on PLC’s financial standing and loan repayment capabilities.
Interaction with Communities where it Operates. Per PLC’s Code of Business Conduct and Ethics, in partnership with Belle Corporation, PLC shall participate in charitable causes and community organizations to help improve the quality of life of the communities where it operates, through education, environment protection, social services, health care, and livelihood programs. PLC, thru its parent company’s CSR arm, Belle Kaagapay, participates in activities such as Feeding program in Tambo Elementary School, aimed at restoring normal nutritional status of 185 under-nourished pupils, with 22,200 meals served in schoolyear 2016-2017; assistance with medical needs of new-born babies in Paranaque City; compliance to local government unit (LGU) laws and regulations are monitored to prevent damage to the quality of life of society, surrounding communities and the environment.
Ensuring that the value chain is environmentally friendly. The Company shall endeavor to adhere to sustainable practices that ensure the protection of the environment, and shall seek to deliver maximum growth with minimal and responsible consumption of natural resources. Some of the practices involve the Company and its employees donating pre-loved items to the Foundation of Our Lady of Peace Mission, Inc. (FOLPMI) in Paranaque City, and also, office equipment have been recycled and handed over to FOLPMI, whose vision is to help the underprivileged individuals and communities become better, productive and self-sufficient. The Company supports energy conservation practices (e.g. all office computers are equipped with LED monitors and power-saving capabilities) which contribute to the overall conservation measures. In addition, it also supports initiatives on the conversion of wastewater to usable water at its headquarters.