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COMPANY'S POLICIES
 
TRANSPARENCY SEAL
       Below are policies which support PNCC’s aim to strengthen practices of good corporate governance within the organization.
 
 
    BOARD DIVERSITY  
 
     Article 5.1.a. of the Corporate Governance Manual 2017 provides that "The Board shall be composed of directors with a collective working knowledge, experience or expertise that is relevant to the company's industry/sector. The Board shall always ensure that it has an appropriate mix of competence and expertise and that its members remain qualified for their positions individually and collectively, to enable it to fulfill its roles and responsibilities and respond to the needs of the organization based on the evolving business environment and strategic direction."
 
 
 
 
     The Directors of the Board as constituted are experts or have broad knowledge in the industry the company belongs to.  The Office of the President of the Philippines through the Governance Commission on GOCCs is the appointing authority, mindful of these qualifications.
 
GOVERNANCE SEAL
 
     
 

DIVIDEND POLICY

 
     As provided for in Article XI of the Company's Amended By-Laws, "Dividends may be declared annually or oftener as the Board of Directors may determine.  The Board of Directors may declare dividends only from the surplus profits of the Corporation."  The corporation shall be compelled to declare dividends when its retained earnings shall be in excess of 100% of its paid-in capital stock except : a) when justified by definite corporate expansion projects or programs approved by the Board, or b) when the corporation is prohibited under loan agreement with any financial institution or creditor, whether local or foreign, from declaring dividends without its consent, and such consent has not been secured, or c) when it can be clearly shown that such retention is necessary under special circumstances obtaining in the corporation, such as when there is a need for special reserve for probable contingencies.
PRESIDENT'S CORNER
 
 

CODE OF BUSINESS CONDUCTS AND ETHICS

 
 
RELATED PARTY TRANSACTIONS
 
Joint Ventures     
     All joint venture agreements in relation to tollways franchise under P.D. 1894 is approved by the Board of Directors. Any supplemental agreement and/or amendments, or restatements of the existing Joint Venture Agreements are likewise approved by the Board of Directors.

     The Negotiating Committees created by the Board to negotiate the terms of the joint venture agreement, which are then submitted to the Board for approval and ratification.

     Before the agreement is signed by PNCC, this is first referred for review by the Office of Government Corporate Counsel (OGCC), its statutory counsel, prior to signing thereof.

     The Board of Directors then designates the President and/or the Chairman of the Board to sign, execute and deliver the said agreements and/or amendments, supplements or restatements.

     All such agreements stipulate that the approval of the President of the Philippines is required to be valid and binding.

 
 
 
 
   
 
CONTACT US
 
 
 
 
 
 
 
 
Subsidiaries, Entities Under Common Control, Substantial Stockholders, Officers including spouse/children/siblings/parents, Directors including spouse/children/siblings/parents, Interlocking director relationship of Board of Directors 
 
         All other bidded contracts / agreements for projects:
     - Up to P500K for approval of the President and CEO
     - Over P500K shall be recommended by President and CEO for approval of the Board
     - All agreements shall be signed by the President and CEO
   
   
   
   
[RPT 2017 not yet available]  [RPT 2016]  [RPT 2015]  [RPT 2014]
           
     
SAFETY, HEALTH AND ENVIRONMENT (SHE)
   

     PNCC commits to safeguard the safety and health of its employees, contractors and all general public and to preserve the environment in undertaking its operations and activities.  (Safety, Health and Environment Code, May 25, 2000)

   
   
   
     In enforcing the policy, Management guide and support employees and other associated parties in maintaining SHE consciousness and imposes corresponding penalties for infractions on the provisions of the Code.
   
   

     Summary of Activities Relating to Health, Safety and Welfare of its employees : [2017 not yet available]  [2016]  [2015]  [2014]  

     
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