Bedrock of Business Sustainability
For ICTSI, the bedrock of business sustainability is sound, prudent and effective corporate governance. We have a robust structure in place which encompasses vital areas such as general management, information systems, risk management, reliable financial and operational information, and cost effective and profitable business operations. We place strong emphasis on complying with laws, rules and regulations that are in force in the territories where we operate.
In 2013 in the Philippines, ICTSI adopted a Manual on Corporate Governance to serve as the framework of rules, systems and processes that governs the performance of the Board of Directors and management. The Manual outlines the duties and responsibilities of the Board in overseeing the interests of all stakeholders. The most recent updates and revisions to the Manual were made on May 31, 2017 and duly submitted to the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE).
The Board of Directors is primarily responsible for the governance of ICTSI by fostering its long-term success and sustaining its competitive advantage and profitability in accordance with its mission, vision and corporate objectives, and in ensuring ICTSI is serving the best interests of its stakeholders. As part of proper governance, the Board also serves as an independent check on the management's performance.