Corporate Governance
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We hold our corporate governance principles of Integrity, Accountability, Fairness, Equity and Transparency very strongly and seek to develop an ethical culture that will protect and promote the best interest of the company for the common benefit of all our stakeholders.
The Board of Directors, Board Committees, Executive Management, and all employees of IBEDC commit themselves to the fundamental principles of sound corporate governance and acknowledge that the same are necessary components of sound strategic business management that will enhance the value of the company. The company adheres to the principles of integrity, accountability, fairness, equity and transparency to develop and uphold an ethical culture that will protect and promote the best interest of the company for the common benefit of the company�s shareholders and other stakeholders.
The Board shall always commit to fully disclose material information dealings. It shall cause the publication of all required information for the interest of the stakeholders. All material information may include earnings, results, acquisition or disposition of assets, board changes, related party transactions, shareholdings of Directors, changes in ownership, remuneration (including stock options) of all Directors and senior management, corporate strategy, and off-balance sheet transactions.
All information may be disclosed via company announcements as well as through the annual report. The company shall cause the filing of all required information for the interest of the stakeholders.
The Board shall ensure that shareholders are provided with a balanced and comprehensible assessment of the company’s performance, position and prospects on an annual basis, including interim and other reports that could adversely affect its business, as well as reports to regulators that are required by law.
IBEDC Ethics Compliance Manual highlights the company’s ethical and governance stance of promoting transparent business practice initiatives. The directors, Management and employees of IBEDC shall observe the laws, internal corporate rules, regulations and IBEDC business principles as set out in this manual. We shall conduct our business activities in compliance with high corporate ethical standards.
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IBEDC is committed to follow the standards of honesty, integrity and openness and recognizes the importance of having a facility in place whereby employees and other stakeholders can safely report instances of fraud, misconduct, illegal activities or other irregularities.
In line with international best practice, the Company has a Whistleblowing Policy which provides a channel for employees and other stakeholders to make reports in a confidential manner; for the Company to investigate alleged misconduct and take steps to deal with any misconduct.
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