SBMA Pledges Better Corporate Governance

Article excerpt

Subic Bay Freeport - Better ethics and corporate governance.

This was what Subic Bay Metropolitan Authority (SBMA) Chairman Roberto Garcia pledged to practice as he joins a growing number of ethically-conscious business leaders who aspire to create positive change in the country.

The pledge made by the chair is part of the agency's effort to strengthen further its good governance platform.

The SBMA chairman was joined by SBMA directors Joseph Khonghun and Joven Reyes during the signing of the so-called Integrity Pledge with Makati Business Club (MBC) Executive Director Peter Perfecto last week to set the tone from the top and commit the SBMA and all its officers and employees to behave with integrity and to carry on their responsibilities ethically.

"This is in consonance with the agency's corporate governance initiative and in line with the national government's platform of good corporate governance," Garcia explained. "We'd like to stress here that transparency and accountability make perfect business sense," he added.

Garcia said the Integrity Program is the latest in a series of moves by SBMA officials to instil a culture of transparency and accountability in the Subic Bay Freeport, a growing hub for business and industry. …