Press Releases

March 24, 2014

RHI sees corporate governance as a way of life

Sugar producer Roxas Holdings, Inc. (PSEi: ROX), a proponent of corporate governance, has stepped up its efforts to raise the level of corporate governance, considering it as a way of life.

In a statement, Roxas Holdings President & CEO Renato C. Valencia said putting in place the right measures will ensure that the values of corporate governance are instilled in every member of the Group — from the directors to the employees.

“We put high premium on corporate governance because we consider it as a way of life,” Mr. Valencia said, adding that: “Iintensifying initiatives on corporate governance is crucial especially with the coming ASEAN Economic Community in 2015.”

Last March 6, the Company sent its executives to a training led by the Institute of Corporate Directors.

The move signifies the Group’s commitment to raise the level of its corporate governance practice and align it with the standards of member-companies under the Association of Southeast Asian Nations (ASEAN).

“Our executives will be at the forefront in enhancing Roxas Holdings’ corporate governance among participating companies in the region, and improving the visibility of a well-governed listed company in the international market,” Mr. Valencia said.

Last month, the Company announced the composition of its Compliance team, led by Atty. Florencio M. Mamauag, Jr. — RHI’s Vice President for Legal, Compliance and Administration, and his deputies: Atty. Marie Lyn P. Casem - Deputy for Legal & Compliance, and Mr. Jeremy John A. Pintor, Deputy for Strategic Affairs.