V.

CONCEPTS, ASSUMPTIONS AND PRINCIPLES

The vision, mission, and values statements form the foundation for all activities in
an organization. The vision statement describes what the organization will become in
the future. It is a broad and inspirational statement intended to engender support from
stakeholders. The mission statement defines how the organization differentiates itself
from other organizations in its industry. It is more specific than the vision statement and
is intended to show how stakeholders’ needs will be satisfied. The values statement
defines how people in the organization should behave. It provides a guideline for
decision making.

The group believes that the link between the mission-vision concepts and
standards is ethics. The company's professional standards are linked to the code of
ethics which promotes ethical collaboration and behavior throughout an organization,
resulting in a good corporation with a solid foundation. The mission and vision
statements, as well as the code of ethics, contain values and principles that tie to the
company's professional standards. The company's agreed standards ensure that all
stakeholders know how to treat one another with respect and do business in a
professional manner.

Stakeholders embrace the company's principles, which include sharing the

company's mission and vision to demonstrate that someone is a true leader,
establishing employee and consumer trust through company and culture transparency,
and creating an inclusive workplace to portray a positive image of objective decision-
making.

Petron Corporation is committed to conduct its business affairs fairly, honestly, in

good faith and in an uncompromising ethical and proper manner. The business requires
each employees and officers the highest possible standard of ethical conduct. Petron
Corporation firmly believes that adherence to the Code of Conduct is a critical
achievement of their mission.

A reputation and track record for ethics and integrity is vital for establishing the
trust that is the basis for all successful business relationship. All people associated with
Petron must comply with this principle to commit superior performance through ethical
business behavior.

The Philippine Seven Corporation remains committed in providing excellent

customer service in all of its business endeavours. All instruments for the fulfilment of its
goals and objectives shall be utilized with transparency as its main foundation. The
company firmly believes that business ethics is the end-result of the employee’s
conduct governing relationships among themselves, directors, officers, business
partners and the public.

Sun Life is in the business of helping clients to achieve lifetime financial security.
Sun Life Philippines code of ethics reflects culture, core values and commitment to
deliver their purpose. It is a key part in ensuring and to operate as a trusted and
responsible business which foster a workplace that meets diversity, equity and inclusion
goals.

PAL Holdings Inc. PLDT and LBC sets their standards in implementing their
ethical behavior as a firm. Ensuring the code of ethics that was provided were
implemented with excellency and diligence. They make sure that companies provides
fairness, honesty and integrity to the people, they assure to take full responsibility for all
their decisions and also uphold the value of truthfulness in everything they do at the
same time ensuring the confidentiality in company were firmly implemented and the
peoples data and information that were entrusted shall not be disclosed. Moreover,
building a great company starts with a good relations to the people and its people, all of
them assure that people who stand to the firm were treated with respect and kindness.
In addition, they make sure that the company and its people were fully complied with
laws, rules and regulations.