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Reaction in the Business

Code Ethics of PLDT


Dela Rea, Kimmi F.

Navales, Reihnier J.

5 Items we like most


Avoid taking unfair advantage of
anyone
through
manipulation,
concealment, abuse of privileged
information, misrepresentation of
material facts, or any unfair dealing
practice.
1.

2. Deal fairly with the Companys customers,


service providers, suppliers, competitors and
employees.
3. Avoid any actual or apparent conflicts of
interest between your private interest,
including the private interest of a member of
your family, and the interests of the Company,
unless you have obtained prior approval by
the appropriate approving authorities as
designated in applicable policies of the
Company. Any actual or apparent conflict of
interest, and any material transaction or
relationship that could reasonably be expected
to give rise to a conflict of interest, should be
disclosed to the Corporate Governance Office .

Properly review and critically


analyze proposed disclosure for
accuracy and completeness (or,
where appropriate, delegate this
task to others).
5. Follow Company policy and
applicable
laws
regarding
business
records
retention.
Ensure that records are not
altered, concealed, destroyed or
falsified to impede, obstruct or
influence any investigation by,
or proceeding before any official
Company committee or body,
governmental,
regulatory
or
judicial body having jurisdiction.
4.

5 Items we least like


1. Protect the assets of the Company
from loss, damage, misuse or theft.
2. Advance the Companys legitimate
interests when the opportunity arises.
Avoid competing with the Company on a
business opportunity or acquiring an
interest adverse to that of the
Companys.
Refrain
from
taking
advantage
of
Company
property,
information or position, or opportunities
arising from these, for personal gain, to
compete with the Company, or act
against the best interest of the
Company.
Directors,
officers
and
employees who intend to make use of
Company property or services in a
manner not solely for the benefit of the
Company should obtain prior approval
from appropriate approving authorities
as designated in applicable policies of
the Company.

3. Be familiar with the disclosure


requirements applicable to the
Company as well as the business
and financial operations of the
Company.
4. Assess the effectiveness of the
disclosure
controls
and
procedures and internal controls
and take corrective actions with
regard
to
any
identified
weaknesses or deficiencies.
5. Fully assess and manage risks
involved
in
undertaking
strategies, acquisitions, activities,
products, services and other
business
endeavors
of
the
Company

Opinions

1. Every company has its assets. We cannot avoid


loss or damages of the assets of company. Instead of
using the word protect, it may use the word prevent.
2. Stated above it shows a greedy attitude on the
side of the company. It conveys that every
employees move should benefit the company.
3. Not every employee can familiarize the
requirements for disclosure. The disclosure should
be specific to be understood easily.
4. The principle did not specify who will take
corrective actions if ever deficiencies occur within
the company caused by an employee.
5. Taking risk is one of the important things in a
company. In managing risks, the employees who
took the risk should take full responsibility. The
responsibility should be between directors and

Item to be deleted
Protect the assets of the Company from
loss, damage, misuse or theft.
-From the code this item is the one that
we think should be deleted because as
stated earlier in our list of least like items it
shows that we cannot avoid loss or damages
of the assets of company. Instead of using
the word protect, it may use the word
prevent.

Items to be added
The company should add items regarding to
how they will respond to the concern of their
customers. And how they should prioritize the
satisfaction of their customers with regards to
the services they are offering.
- In our opinion we find the codes lacking
with items that may secure the satisfaction of
the consumers, it doesnt include how the
employee should treat the consumers if
problem exist