Corporate Governance Policies
Manual on Corporate Governance
Code of Ethics
The Code of Ethics states the principles that guide SM Investments Corporation (SMIC)’s Directors, officers and employees in the performance of their duties and responsibilities, and in their transactions with investors, creditors, customers, contractors, suppliers, regulators and the general public. The Code underlines the importance of integrity in the relationships and dealings with business partners, and highlights the Company’s duties regarding employee welfare, the rights of shareholders, the protection of material company information and the importance of corporate social responsibility.
To keep pace with the latest in corporate governance practices, SMIC periodically reviews and enhances its Manual on Corporate Governance, Code of Ethics and other corporate governance related policies.
Employee Welfare
Orientations and Trainings
SMIC remains committed to providing its directors, officers a nd employees opportunities for growth and development through its various training and orientation activities. See 2024 Employee Trainings Data, which are discussed in our Sustainability Report.
We support employees’ development and career advancement through the annual performance appraisal review, continuous conversations and feedback, and annual key result area setting. We ensure that our employees are aware of their deliverables, and that performance is being evaluated annually. To strengthen our talent pool, we conduct periodic talent reviews and succession planning to identify employees with potential for our senior management positions. Please see our Succession Planning Policy.
Other Corporate Governance Policies
Insider Trading Policy
Related Party Transactions
Conflict of Interest Policy
SMIC’s Conflict of Interest policy defines a conflict as a situation wherein a director, officer or employee has or appears to have a direct or indirect personal interest in any transaction, which may deter or influence him from acting in the best interests of the Company. Any director, officer or employee involved in an actual or potential conflict of interest is required to immediately disclose said conflict to the Company.
Avoiding conflicts of interest is also discussed in SMIC’s Code of Ethics