Compliance and Performance

Meralco annually complies with the disclosure and reportorial requirements of the Securities and Exchange Commission (SEC). These include:
 
  • Certification by the Compliance Officer of the Company's compliance with the Revised Manual of Corporate Governance.
2016 Certification of Compliance to the Revised Manual of Corporate Governance
2015 Certification of Compliance to the Revised Manual of Corporate Governance
2014 Certification of Compliance to the Revised Manual of Corporate Governance
2013 Certification of Compliance to the Revised Manual of Corporate Governance
2012 Certification of Compliance to the Revised Manual of Corporate Governance
2011 Certification of Compliance to the Revised Manual of Corporate Governance
  • Disclosure requirements on direct and indirect ownership of securities under the Securities Regulation Code (SRC), and the reporting of trading transactions of directors and concerned officers of the Company by the Compliance Officer not later than the following day after the required event or transaction. There has never been any case of insider trading involving directors and Management of the Company.
  • The certification of Board attendance, regular reports involving financial statements, disclosure of material information and events, and trainings attended by key officers and Board members on corporate governance.
  • Clarifications on news articles referring to the Company's strategies such as officer appointments, billing rates and major agreements.
  • Related party transactions (RPTs) in accordance with the revised Philippine Financial Reporting Standards (PFRS) and set on an arm's length basis in a manner similar to the transactions with third parties. These RPTs are disclosed through the consolidated financial statements, annual reports, Meralco website. No disputes in connection with RPTs were reported in the past.