Corporate Governance


MVC continues to enhance its corporate governance structure in order to improve efficiency and to keep pace with the changing business environment while at the same time promoting transparency and compliance with applicable laws. In 2002, the Corporation adopted its Manual on Corporate Governance (MCG) which institutionalized the Corporation’s principles of good governance. Among the key components of the Manual are the following:


  1. Composition, Qualifications and Duties of the Corporation’s Board of Directors, Committees and Officers;
  2. Role of the Compliance Officer;
  3. Creation of Nominations and Audit Committees;
  4. Role of the Internal and External Auditors; and
  5. Shareholders’ Rights and Benefits.



Consistent with its responsibilities, the Corporation significantly acts in accordance with its MCG. The Board Committees, including the Nominations and Audit Committees have consistently complied with their duties and responsibilities under the MCG. The Corporation’s Vision, Mission and Corporate Values continue to provide clear corporate mindset and direction for the Corporation’s directors, officers and employees.


Corporate Governance Organization Chart

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