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 that include the Annual Financial Report, Quarterly Analysts Briefing, SEC filings and PSE disclosures. Information in the web provides equal access opportunity to all ATS stakeholders and the general public. SOCIAL RESPONSIBILITY In the pursuit of the mission to become more responsible corporate citizens, efforts of ATS on corporate social responsibility programs for 2010 were geared towards three (3) main areas: education, social advocacy and environmental protection and rehabilitation. CODE OF BUSINESS CONDUCT The ATS Code of Business Conduct serves to guide employees actions aligned with the Company’s corporate values. The Code consists of policies relating to ethical and legal standards of behaviour that ATS expects of its employees. Its applicability extends to all the business units in the organization. The Code explicitly states the corresponding disciplinary actions that include suspension and termination for violations committed against company policies and the Code. WHISTLEBLOWING For several years now, ATS has given its employees the opportunity to access in good faith, thru its intranet-based Bureaucracy site, key leaders in management when they observe unethical and improper practices or any wrongful conduct in the organization. Unethical and improper practices shall mean any act or manner of behaviour that does not conform to the approved standard of social and professional behaviour covered in the company’s Code of Conduct. Confidentiality of the whistleblower is maintained to the greatest extent possible to ensure, not just the integrity of the employee and but of the intranet site as well. A separate channel is open to employees who want to report observations related to unlawful and/or criminal acts as well as health and safety violations that pose a threat to the well-being of an employee or to the security and reputation of the business. T his channel is also available in the corporate intranet as the Security, Safety and Compliance Office Incident Report System (IRS). CORPORATE GOVERNANCE SCORECARD While companies are not expressly mandated to comply with recommended best practices on corporate governance, the “comply-or-explain” approach employed by the SEC and PSE through its Corporate Governance scorecard and disclosures definitely exerted pressure for companies to comply. For the past 4 years, ATS has participated in the assessment of corporate governance standards and practices of publicly listed companies. This is an annual appraisal conducted by the Institute of Corporate Directors in partnership with the Securities and Exchange Commission. ATS corporate governance scorecard has improved from its 70% rating in 2007 to 90.3% in 2009 or from a second quartile ranking up to the Silver Category. The company is waiting for its 2010 scorecard. The improvement is a testimony of the company’s unwavering pursuit of systemic corporate governance reforms within the organization. OUTLOOK For any company, more so for publicly listed companies such as ATS, the practice of good corporate governance is believed to bring about added shareholder value. Thus, there is a willingness to pay a premium for well-governed companies. 38
Under the new management, there is assurance to uphold the same level of commitment to the standards and principles of good corporate governance. The direction is to lead the business to a healthy and robust future as businesses become more complex and as markets become more open and global. FURTHER INFORMATION The following are available on www.atsc.com.ph/IR/governance • ATS Corporate Governance • ATS Articles of Incorporation • ATS Code of Business Conduct • ATS By-Laws • ATS Anti-Money Laundering Statement of Policies & Procedures INFORMATION TECHNOLOGY GOVERNANCE As the business environment becomes more challenging, IT has to stay relevant in order to support the strategy and the requirements of the business. Cost Management In 2010, ATS IT continued with its efforts to optimize investments and reduce cost without sacrificing existing capabilities. Even as the IT team posted budget savings, they were able to deliver 88 projects that made business processes more efficient, improved the maturity level of IT processes, and helped reduce costs. Some of the cost reduction initiatives were: a) Virtualization which is a means of maximizing the existing servers by running more applications in them. b) Adoption of Open source technologies resulting in savings in license costs. c) Network rationalization which aims to reduce network bandwidth costs. The next wave of IT cost management strategies includes looking at more opportunities to use Public Cloud Computing, Software-as-a-Service (Saas), and simplifying the systems in ATS. The ongoing integration in 2GO gave opportunity to the development of a new IT architecture roadmap, which was aptly called One<strong>2Go</strong>. The end objective of the One<strong>2Go</strong> project is to improve customer service, help key users make better decisions, and reduce overall operational cost. All these can be made possible through better information management and reporting, and simplifying the IT architecture. There is a similar roadmap for the passage business’ main system called Nexus. Part of the roadmap is the Ticket-less project which is targeted to be completed in 2011. The project is good for the environment by using less paper. It also makes ticket purchase more convenient for our customers. Technology obsolescence will always be an issue in any organization and it needs to be addressed responsibly. If not done, it may affect the availability and reliability of our critical systems that are used to serve our customers. The strategy of ATS for the past years has been to replace old servers gradually. It also started upgrading its Oracle databases and application server software to more recent versions. This is just one of the many initiatives in support of our Enterprise Risk Management program. 39
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Page 3 and 4: Dear Stockholder: ABOITIZ TRANSPORT
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COVER SHEET - 2Go

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