Corporate Governance
Our commitment to strong corporate governance practices benefits our customers by ensuring fairness and integrity, transparency, accountability and ethical behavior alongside stakeholder engagement in all our operations. This helps build trust, foster long-term relationships, and strengthen our reputation as a responsible and sustainable business.
SMIC practices good corporate governance in all its dealings with all stakeholders, investors, business partners, creditors, customers and employees because SMIC believes that good corporate governance will provide the long-term growth, sustainability and success to the Company. SMIC’s good corporate governance framework and practices are part of the Company’s core values that are anchored on the principles of fairness, integrity, accountability, transparency and stakeholder engagement.
Integrated Annual Corporate Governance Report
The Integrated Annual Corporate Governance Report (I-ACGR) is a tool to disclose compliance with the recommendations provided under the Securities and Exchange Commission’s Corporate Governance Code for publicly-listed companies, including corporate governance practices found in the ASEAN Corporate Governance Scorecard, among other pertinent corporate governance standards and issuances. It contains relevant information on the Company’s corporate governance policies, practices, initiatives and activities.
- Amended Integrated Annual Corporate Governance Report (Year Ended 2023)
- Integrated Annual Corporate Governance Report (Year Ended 2023)
- Integrated Annual Corporate Governance Report (Year Ended 2022)
- Integrated Annual Corporate Governance Report (Year Ended 2021)
- Integrated Annual Corporate Governance Report (Year Ended 2020)
- Integrated Annual Corporate Governance Report (Year Ended 2019)
- Integrated Annual Corporate Governance Report (Year Ended 2018)
Enterprise Risk Management
SMIC implements a program of risk management through the identification, analysis, management and monitoring of risks which can most impact the Company’s ability to pursue its approved strategy.
The Board of Directors is tasked to oversee the risk management system of the Company through the Risk Management Committee. Details of the Company’s risk management system may be found on the below link.
Disclosure and Transparency
Minutes of the Annual Stockholders’ Meeting
- Minutes of the 2024 Annual Stockholders’ Meeting
- Minutes of the 2023 Annual Stockholders’ Meeting
- Minutes of the 2022 Annual Stockholders’ Meeting
- Minutes of the 2021 Annual Stockholders’ Meeting
- Minutes of the 2020 Annual Stockholders’ Meeting
- Minutes of the 2019 Annual Stockholders’ Meeting
- Minutes of the 2018 Annual Stockholders’ Meeting
- Minutes of the 2017 Annual Stockholders’ Meeting
SEC Form 20-IS Definitive Statement
- Information Statement and Notice of 2024 ASM
- Information Statement and Notice of 2023 ASM
- Information Statement and Notice of 2022 ASM
- Information Statement and Notice of 2021 ASM
- Information Statement and Notice of 2020 ASM
- Information Statement and Notice of 2019 ASM
- Information Statement and Notice of 2018 ASM
Board and Management
SM Investments Corporation’s Board of Directors set the tone from top and uphold the highest standard of excellence and integrity.
Composition
As of June 10, 2024, the Board is composed of nine (9) highly qualified directors, five (5) or fifty-six percent (56%) of whom are independent directors including our Chairman of the Board. In accordance with the Company’s Manual on Corporate Governance, the Board shall always have at least three (3) independent directors. Independent directors are directors who are free from management responsibilities, substantial shareholdings and material relations, which could be perceived to impede the performance of independent judgment. Independent directors are tasked to encourage impartial discussions at board meetings, monitor and provide feedback on Management’s performance, and safeguard the interests of the Company’s various stakeholders.
