COVER SHEET - 2Go
COVER SHEET - 2Go
COVER SHEET - 2Go
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The ATS website www.atsc.com.ph serves as the venue to release the results of business operations<br />
that include the Annual Financial Report, Quarterly Analysts Briefing, SEC filings and PSE disclosures.<br />
Information in the web provides equal access opportunity to all ATS stakeholders and the general<br />
public.<br />
SOCIAL RESPONSIBILITY<br />
In the pursuit of the mission to become more responsible corporate citizens, efforts of ATS on<br />
corporate social responsibility programs for 2010 were geared towards three (3) main areas:<br />
education, social advocacy and environmental protection and rehabilitation.<br />
CODE OF BUSINESS CONDUCT<br />
The ATS Code of Business Conduct serves to guide employees actions aligned with the Company’s<br />
corporate values. The Code consists of policies relating to ethical and legal standards of behaviour<br />
that ATS expects of its employees. Its applicability extends to all the business units in the<br />
organization. The Code explicitly states the corresponding disciplinary actions that include suspension<br />
and termination for violations committed against company policies and the Code.<br />
WHISTLEBLOWING<br />
For several years now, ATS has given its employees the opportunity to access in good faith, thru its<br />
intranet-based Bureaucracy site, key leaders in management when they observe unethical and<br />
improper practices or any wrongful conduct in the organization.<br />
Unethical and improper practices shall mean any act or manner of behaviour that does not conform to<br />
the approved standard of social and professional behaviour covered in the company’s Code of Conduct.<br />
Confidentiality of the whistleblower is maintained to the greatest extent possible to ensure, not just<br />
the integrity of the employee and but of the intranet site as well.<br />
A separate channel is open to employees who want to report observations related to unlawful and/or<br />
criminal acts as well as health and safety violations that pose a threat to the well-being of an<br />
employee or to the security and reputation of the business. T his channel is also available in the<br />
corporate intranet as the Security, Safety and Compliance Office Incident Report System (IRS).<br />
CORPORATE GOVERNANCE SCORECARD<br />
While companies are not expressly mandated to comply with recommended best practices on<br />
corporate governance, the “comply-or-explain” approach employed by the SEC and PSE through its<br />
Corporate Governance scorecard and disclosures definitely exerted pressure for companies to comply.<br />
For the past 4 years, ATS has participated in the assessment of corporate governance standards and<br />
practices of publicly listed companies. This is an annual appraisal conducted by the Institute of<br />
Corporate Directors in partnership with the Securities and Exchange Commission.<br />
ATS corporate governance scorecard has improved from its 70% rating in 2007 to 90.3% in 2009 or<br />
from a second quartile ranking up to the Silver Category. The company is waiting for its 2010<br />
scorecard.<br />
The improvement is a testimony of the company’s unwavering pursuit of systemic corporate<br />
governance reforms within the organization.<br />
OUTLOOK<br />
For any company, more so for publicly listed companies such as ATS, the practice of good corporate<br />
governance is believed to bring about added shareholder value. Thus, there is a willingness to pay a<br />
premium for well-governed companies.<br />
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