Corporate Governance
CIC is committed to the highest standards of integrity, accountability, and transparency, ensuring ethical leadership to protect stakeholders and drive sustainable value.
Building Trust through Governance
Concepcion Industrial Corporation (“CIC” or the “Company”) and the CIC group of companies (the “Group”) believe that the key to long-term sustainability and success largely depends on having a good name and solid reputation in the market place. Thus, the business and operations of the Company and the Group will be conducted in accordance with the principles and best practices of good corporate governance. As a publicly listed company, the Board of Directors has formally adopted a Corporate Governance Manual (the “Manual”) that incorporates the established governance policies and practices in accordance with applicable laws, rules and regulations, including the Code of Corporate Governance for Publicly Listed Companies. The amended Manual was approved and adopted by the Board of Directors on February 12, 2020 to incorporate current regulations. Through this Manual, the Board of Directors of the Company (“Board”) aims to promote adherence and further strengthen the Group’s commitment to good corporate governance. The Philippine Revised Corporation Code (the “Corporation Code”) lays down the basic legal framework for corporate governance of every Philippine corporation. It is supplemented by the Securities Regulation Code or Republic Act No. 8799 (the “SRC”), the rules issued by the Securities and Exchange Commission (“SEC” or “Commission”) to implement Republic Act 8799 and the Code of Corporate Governance for Publicly Listed Companies or SEC Memorandum Circular No. 19, Series of 2016 ( the “CG Code”), this Manual, and the charters of the Board Committees. All terms defined herein shall have the definitions given in the rules implementing Republic Act 8799.
Leadership in Governance
CIC upholds a transparent leadership structure built on accountability. Independent audit and risk functions reinforce governance, ensuring every decision aligns with core values.
Board of Directors
Directorial Dynamics
Through collaborative oversight and balanced checks, the Board provides the responsible stewardship necessary to sustain long-term growth and marketplace trust.
Board Committees
Strategic Forces
Specialized committees provide focused oversight across audit, risk, and compliance, strengthening the internal checks and balances crucial to corporate integrity.
Corporate Governance Manual
Foundational Principles
Amended on February 12, 2020, the Corporate Governance Manual acts as the foundation for safeguarding marketplace trust. The document provides clear definitions of the roles governing the Board of Directors, key management, and officers. It fully discloses the structural frameworks that ensure organizational
Ethics Program
Principles of Conduct
CIC and its subsidiaries maintain an unwavering commitment to the highest standards of business ethics, rooted in doing what is fundamentally right. This dedication extends far beyond legal compliance, requiring a shared personal responsibility and strict adherence to the principles outlined in the Code of Ethics.
Annual Stockholders' Meeting
Engaging with Shareholders
Consistent communication with shareholders, investors, and partners is essential to building lasting trust. The Annual Stockholders’ Meeting serves as a vital platform for open dialogue, offering stakeholders a dedicated opportunity to ask questions, engage with leadership, and gain direct insight into financial performance and future strategies.
Investor Relations
Sustainability