The Board of Directors, management, employees, and shareholders of Seafront Resources Corporation 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.
- SRC Manual on Corporate Governance - 2017 Annual Corporate Governance Reports
- SRC Code of Ethics - 2010
BOARD COMMITTEES AND MEMBERS NOMINATION COMMITTEE
Chairperson: Helen Y. Dee
- Medel T. Nera
- Nicasio I. Alcantara (Indendent Director)
Chairperson: Perry Y. Uy
- Helen Y. Dee
- Ernestine Carmen Jo D. Villareal-Fernando (Independent Director)
Chairperson: Nicasio I. Alcantara (Independent Director)
- Yvonne S. Yuchengco
- Perry Y. Uy
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.