Manila Water Company

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Corporate Governance Manual

Corporate Governance Manual

Manila Water’s corporate governance is anchored on its Corporate Governance Manual, which was adopted by the board of directors in May 2004 and amended in November 2007. The Manual identifies the responsibilities of the board of directors and management in relation to good corporate governance. It also lays down the Company’s audit and compliance system and its policies on conflict of interest. The Manual further provides for the rights of all shareholders and the protection of the interests of minority stockholders.

In November 2007, the Audit and Governance Committee endorsed and the Board approved the revisions to the Manual that seek to enshrine best practices in corporate governance. The Manual, as revised: (i) formalized the role of the Audit and Governance Committee in corporate governance pursuant to the Audit Charter and existing practices of the Company; (ii) enhanced the role of the Corporate Secretary in corporate governance; (iii) instituted the training and evaluation of the Board and executive officers; and (iv) formalized the policy on related party transactions, and (v) strengthened the Company’s existing policy on disclosures.

Download the Company’s Corporate Governance Manual (updated 2007)