Corporate Governance

The Board of Directors, management, employees, and shareholders of Seafront Resources Corporation (SRC) believe that good corporate governance is a necessary component of sound strategic business management and, therefore, commit to the establishment and implementation of corporate governance rules in accordance with the Revised Code of Corporate Governance issued by the Securities and Exchange Commission (SEC) through SEC Memorandum Circular No. 6, Series of 2009. These rules are embodied in SRC's Manual on Corporate Governance. Efforts necessary to create awareness within the organization shall also be undertaken.


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BOARD COMMITTEES AND MEMBERS

CORPORATE GOVERNANCE COMMITTEE

Chairman:      Ernestine Carmen Jo D. Villareal-Fernando (Independent Director)

Members:
   - Medel T. Nera
   - Nicasio I. Alcantara (Indendent Director)

AUDIT COMMITTEE/BROC

Chairman:      Nicasio I. Alcantara (Independent Director)

Members:
   - Ernestine Carmen Jo D. Villareal-Fernando (Independent Director)
   - Medel T. Nera



Corporate Social Responsibility



Enterprise Rick Management

SRC recognizes that risk management is an integral part of sound management practice and good corporate governance as it guides decision-making, improves results, and strengthens accountability. SRC acknowledges that risk is dynamic and is inherent in all external and internal operations, and engages itself to managing all risks effectively.

To accomplish this, the Company established a sound risk management practice, which provides a systematic and structured framework within which material risks may be identified and addressed in a way that: (1) Gives reasonable assurance that the use of the valuable organizational resources is being effectively prioritized, and (2) Results to practical, effective, and accountable actions and decisions, reasonable in relation to the conditions within which the Company operates.



Company Policies