{"id":975,"date":"2024-02-27T03:22:51","date_gmt":"2024-02-27T03:22:51","guid":{"rendered":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/?page_id=975"},"modified":"2024-05-13T07:37:58","modified_gmt":"2024-05-13T07:37:58","slug":"corporate_governance","status":"publish","type":"page","link":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/corporate_governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"975\" class=\"elementor elementor-975\">\n\t\t\t\t<div class=\"elementor-element elementor-element-deb1a24 e-flex e-con-boxed e-con e-parent\" data-id=\"deb1a24\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-89950ba e-con-full e-flex e-con e-child\" data-id=\"89950ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-903946d elementor-widget elementor-widget-heading\" data-id=\"903946d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our Corporate Governance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-216f7e9 elementor-widget elementor-widget-text-editor\" data-id=\"216f7e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Our commitment to strong corporate governance practices benefits our customers by ensuring transparency, accountability, and ethical behavior in all our operations. This helps to build trust, foster long-term relationships, and strengthen our reputation as a responsible business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-894544e e-flex e-con-boxed e-con e-parent\" data-id=\"894544e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f9e84d8 elementor-widget elementor-widget-heading\" data-id=\"f9e84d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our Board<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a0ae85 e-flex e-con-boxed e-con e-parent\" data-id=\"1a0ae85\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-552da0d e-con-full e-flex e-con e-child\" data-id=\"552da0d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85a1a79 elementor-widget elementor-widget-image\" data-id=\"85a1a79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/amt-795x1024.png\" class=\"attachment-large size-large wp-image-1125\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/amt-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/amt-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/amt-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/amt.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65d8b16 elementor-widget elementor-widget-heading\" data-id=\"65d8b16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Amando M. Tetangco, Jr.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd710b elementor-widget elementor-widget-text-editor\" data-id=\"bdd710b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Chairman, Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-812d5c5 elementor-widget elementor-widget-text-editor\" data-id=\"812d5c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Amando M. Tetangco, Jr.<\/b><\/span>, 71, first elected on 16 June 2023, is the Chairman and Independent Director of the Board of SMIC.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66e5cb6 premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"66e5cb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-66e5cb6\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-md premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-66e5cb6\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Amando M. Tetangco, Jr.<\/b><\/span>, 71, first elected on 16 June 2023, is the Chairman and Independent Director of the Board of SMIC. He is also the Vice Chairman and Independent Director of the Board of Directors of SM Prime Holdings, Inc. He is concurrently an independent Director of Belle Corporation, Converge ICT Solutions, Inc. and Shell Pilipinas Corporation, and currently holds directorship in Manila Hotel, Toyota Motor Philippines, and CIBI Information, Inc., and is a trustee of St. Luke\u2019s Medical Center, Tan Yan Kee Foundation and Foundation for Liberty and Prosperity.<\/p><p class=\"p3\">Mr. Tetangco was the third Governor of the Bangko Sentral ng Pilipinas (BSP) and Chairman of the Monetary Board, and served from July 2005 to July 2017. He was a career central banker, having joined the Central Bank of the Philippines (the predecessor of BSP) in March 1974. He held other government positions such as the Chairman of the Anti-Money Laundering Council, the Financial Stability Coordination Council, and the Philippine International Convention Center, Vice-Chair of the Agriculture Credit Policy Council, and was a member of the Capital Markets Development Council and the Export Development Council. Prior to his appointment in 2005, he was Deputy Governor in-charge of the Banking Service Sector, Economic Research and Treasury of the BSP, and was the Alternate Executive Director of the International Monetary Fund in Washington, D.C. from 1992 to 1994. He worked briefly at the Management Services Division of SGV and Co. from 1973 to 1974. He was Philippines\u2019 representative to the ASEAN Central Bank Forum, the Executives\u2019 Meeting of East Asia and Pacific Central Banks, the South East Asia Central Banks,<\/p><p class=\"p2\">the South East Asia, New Zealand and Australia, and the Center for Latin American Monetary Studies, and was the Governor for the Philippines at the International Monetary Fund and the Alternate Governor at the World Bank and the Asian Development Bank. At the Bank for International Settlements, he was Chair of the Meeting of Small Open Economies, and also chaired various international committees such as the Alliance for Financial Inclusion Steering Committee, among others.<\/p><p class=\"p2\">He was conferred the Order of Lakandula with the Rank of Bayani by the President of the Philippines in 2009 and the Order of the Rising Sun, Gold and Silver Star by the Emperor of Japan in 2019, and received multiple recognition by several international organizations as one of the best central bank governors and was chosen as MAP Management Man of the Year in 2015.<\/p><p class=\"p2\">Mr. Tetangco graduated from Ateneo de Manila University with an AB Economics degree (cum laude), and obtained his Masters in Public Policy and Administration (Development Economics) at the University of Wisconsin at Madison, Wisconsin, USA, as a BSP scholar.<\/p><p class=\"p2\">He was conferred the Honorary Doctorate in Management by the Asian Institute of Management in 2023. He attended various training programs at different institutions, including the Harvard Business School and the New York Institute of Finance.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies<\/i><\/p><p class=\"p4\">SM Prime Holdings, Inc., Belle Corporation, Converge ICT Solutions, Inc., and Shell Pilipinas Corporation<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9a3a65f e-con-full e-flex e-con e-child\" data-id=\"9a3a65f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f98d45b elementor-widget elementor-widget-image\" data-id=\"f98d45b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/tsc-795x1024.png\" class=\"attachment-large size-large wp-image-1124\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/tsc-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/tsc-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/tsc-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/tsc.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07e374c elementor-widget elementor-widget-heading\" data-id=\"07e374c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Teresita T. Sy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f034741 elementor-widget elementor-widget-text-editor\" data-id=\"f034741\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Vice Chairperson, Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8b96a5 elementor-widget elementor-widget-text-editor\" data-id=\"d8b96a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Teresita T. Sy <\/b><\/span>73, first elected in May 1979, is the Vice Chairperson of SMIC and Adviser to the Board of SM Prime Holdings, Inc.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84afc1f premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"84afc1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-84afc1f\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-84afc1f\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Teresita T. Sy <\/b><\/span>73, first elected in May 1979, is the Vice Chairperson of SMIC and Adviser to the Board of SM Prime Holdings, Inc. She also sits as Chairperson of SM Retail Inc. She also holds board positions in several companies within the SM Group. She is also the Chairperson of BDO Unibank, Inc. (\u201cBDO\u201d) and serves as the Chairperson and\/or Director of various subsidiaries and affiliates of BDO such as BDO Private Bank, Inc. and BDO Foundation, Inc., and Adviser to the Board of One Network Bank, Inc. (A Rural Bank of BDO). She brings to the board her diverse expertise in retail merchandising, mall and real estate development, and banking and finance.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies<\/i><\/p><p class=\"p4\">BDO Unibank, Inc.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6b76e27 e-con-full e-flex e-con e-child\" data-id=\"6b76e27\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d4bbfc elementor-widget elementor-widget-image\" data-id=\"6d4bbfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/htsj-795x1024.png\" class=\"attachment-large size-large wp-image-1123\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/htsj-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/htsj-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/htsj-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/htsj.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20ab864 elementor-widget elementor-widget-heading\" data-id=\"20ab864\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Henry T. Sy, Jr.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3aca72e elementor-widget elementor-widget-text-editor\" data-id=\"3aca72e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Vice Chairman, Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed0165e elementor-widget elementor-widget-text-editor\" data-id=\"ed0165e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Henry T. Sy, Jr. <\/b><\/span>70, first elected in May, 1979, is the Vice Chairman of SMIC, and Chairman of SM Prime Holdings, Inc. and Synergy Grid &amp; Development Phils., Inc.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dac8be3 premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"dac8be3\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-dac8be3\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-dac8be3\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Henry T. Sy, Jr. <\/b><\/span>70, first elected in May, 1979, is the Vice Chairman of SMIC, and Chairman of SM Prime Holdings, Inc. and Synergy Grid &amp; Development Phils., Inc. He is also the Chairman and Chief Executive Officer of SM Development Corporation and Vice Chairman of National Grid Corporation of the Philippines. He is responsible for the real estate acquisitions and development activities of the SM Group, which include the identification, evaluation, and negotiation for potential sites as well as the input of design ideas. He graduated with a Management degree from De La Salle University.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies<\/i><\/p><p class=\"p4\">SM Prime Holdings, Inc., and Synergy Grid &amp; Development Phils., Inc.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c9ea8f0 e-con-full e-flex e-con e-child\" data-id=\"c9ea8f0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-04cb7e6 elementor-widget elementor-widget-image\" data-id=\"04cb7e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/hts-795x1024.png\" class=\"attachment-large size-large wp-image-1122\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/hts-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/hts-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/hts-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/hts.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c157fa elementor-widget elementor-widget-heading\" data-id=\"1c157fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Harley T. Sy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc2a5ba elementor-widget elementor-widget-text-editor\" data-id=\"cc2a5ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1b570c elementor-widget elementor-widget-text-editor\" data-id=\"b1b570c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Harley T. Sy <\/b><\/span>64, first elected in May 1993, is the Executive Director of SMIC. He is a Director of China Banking Corporation and other companies within the SM Group, and an Adviser to the Board of Directors of BDO Private Bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a03a9e premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"5a03a9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-5a03a9e\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-5a03a9e\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Harley T. Sy <\/b><\/span>64, first elected in May 1993, is the Executive Director of SMIC. He is a Director of China Banking Corporation and other companies within the SM Group, and an Adviser to the Board of Directors of BDO Private Bank. He is the Co-Vice Chairman and Treasurer of SM Retail Inc. He holds a degree in Bachelor of Science in Commerce, Major in Finance from De La Salle University.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies<\/i><\/p><p class=\"p4\">China Banking Corporation<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-82a2b7e e-flex e-con-boxed e-con e-parent\" data-id=\"82a2b7e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5484482 e-con-full e-flex e-con e-child\" data-id=\"5484482\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bc9570d elementor-widget elementor-widget-image\" data-id=\"bc9570d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/fcd-795x1024.png\" class=\"attachment-large size-large wp-image-1121\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/fcd-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/fcd-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/fcd-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/fcd.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6ced61 elementor-widget elementor-widget-heading\" data-id=\"e6ced61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Frederic C. DyBuncio<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ab358e elementor-widget elementor-widget-text-editor\" data-id=\"2ab358e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">President and Chief Executive Officer, Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddd6b82 elementor-widget elementor-widget-text-editor\" data-id=\"ddd6b82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Frederic C. DyBuncio <\/b><\/span>64, first elected in April 2017, is the President and Chief Executive Officer of SMIC. He is the Chairman of the Board of Atlas Consolidated Mining and Development Corporation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7cef5e premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"b7cef5e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;slideInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-b7cef5e\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-md premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-b7cef5e\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"slideInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Frederic C. DyBuncio <\/b><\/span>64, first elected in April 2017, is the President and Chief Executive Officer of SMIC. He is the Chairman of the Board of Atlas Consolidated Mining and Development Corporation. Concurrently, he is the Chairman, President and Chief Executive Officer of 2GO Group, Inc. He was a career banker who spent over 20 years with JP Morgan Chase and its predecessor institutions. During this time, he was assigned to various executive positions where he gained substantial professional experience in the areas of credit, relationship management and origination, investment banking, capital markets, and general management. He has worked and lived in several major cities globally. He graduated from Ateneo de Manila University with a Bachelor of Science degree in Business Management and finished a Master\u2019s degree in Business Administration program at the Asian Institute of Management.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies <\/i><\/p><p class=\"p4\">Atlas Consolidated Mining and Development Corp<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-da21de5 e-con-full e-flex e-con e-child\" data-id=\"da21de5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5fd6e6b elementor-widget elementor-widget-image\" data-id=\"5fd6e6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/ths-795x1024.png\" class=\"attachment-large size-large wp-image-1120\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/ths-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/ths-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/ths-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/ths.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-315c216 elementor-widget elementor-widget-heading\" data-id=\"315c216\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Tomasa H. Lipana<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02e5c8d elementor-widget elementor-widget-text-editor\" data-id=\"02e5c8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Lead Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a278312 elementor-widget elementor-widget-text-editor\" data-id=\"a278312\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Tomasa H. Lipana <\/b><\/span>75, first elected in April 2016, is the Lead Independent Director of SMIC. She is a former Chairperson and Senior Partner of Isla Lipana &amp; Co., the Philippine member firm of PricewaterhouseCoopers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7775dca premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"7775dca\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-7775dca\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-7775dca\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Tomasa H. Lipana <\/b><\/span>75, first elected in April 2016, is the Lead Independent Director of SMIC. She is a former Chairperson and Senior Partner of Isla Lipana &amp; Co., the Philippine member firm of PricewaterhouseCoopers. She is also an Independent Director and Audit Committee Chairperson of Flexo Manufacturing Corporation and Rural Bank of Silay City Inc. Previously, she was an Independent Director of Goldilocks Bakeshop Inc., Inter-Asia Development Bank, and QBE Seaboard Insurance Philippines, and an appointive Director of Trade and Investment Development Corporation (Philippine Guarantee Corporation, formerly Philippine Export-Import Credit Agency). She is a Fellow and Trustee of the Institute of Corporate Directors and a Trustee of the Shareholders\u2019 Association of the Philippines, Inc., among other non-profit organizations.<\/p><p class=\"p2\">Ms. Lipana took up Executive Education\/Management Development Programs at Harvard Business School, University of Western Ontario, and Asian Institute of Management. She was bestowed the Accountancy Centennial Award for Excellence by the Professional Service Commission &#8211; Board of Accountancy, and received the Outstanding CPA in the Public Practice Award from the Philippine Institute of Certified Public Accountants and the Outstanding Alumna Award from the University of the East where she graduated Cum Laude. She is a CPA Board placer.<\/p><p class=\"p3\">Ms. Lipana has no other directorship in other publicly listed companies.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d9f71f e-con-full e-flex e-con e-child\" data-id=\"5d9f71f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-459a077 elementor-widget elementor-widget-image\" data-id=\"459a077\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rgv-795x1024.png\" class=\"attachment-large size-large wp-image-1119\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rgv-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rgv-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rgv-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rgv.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92127d1 elementor-widget elementor-widget-heading\" data-id=\"92127d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Robert G. Vergara<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2da5c1f elementor-widget elementor-widget-text-editor\" data-id=\"2da5c1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dba8c0c elementor-widget elementor-widget-text-editor\" data-id=\"dba8c0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Robert G. Vergara <\/b><\/span>63, first elected in April 2019, is an Independent Director of SMIC. He also sits as an Independent Director of Metro Pacific Health, Inc and STI Education Systems Holdings. Inc.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c12bdc premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"3c12bdc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-3c12bdc\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-3c12bdc\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Robert G. Vergara <\/b><\/span>63, first elected in April 2019, is an Independent Director of SMIC. He also sits as an Independent Director of Metro Pacific Health, Inc and STI Education Systems Holdings. Inc. He was appointed President of the Manila Polo Club in August 2023 and is currently the President of Vergara Advisory Management, Inc. From September 2010 to October 2016, he served as the President and General Manager and Vice-Chairman of the Board of Trustees of the Government Service Insurance System (GSIS). Mr. Vergara also served as Vice Chairman and Director of National Reinsurance Corporation of the Philippines, Manila Hotel Corporation, and Member of the Board of Directors of Philippine Stock Exchange, Philippine Health Insurance Corporation, Philippine National Construction Corporation and Housing and Urban Development Coordinating CouncilHe was the Managing Director and Founding Partner of Cannizaro (Hong Kong) Limited from October 2006 to September 2010. From 2002 to 2006, he was a Director of Lionhart (Hong Kong) Ltd. He was a Principal in Morgan Stanley Asia Ltd. from 1997 to 2001 and served as the Managing Director of IFM Asia Ltd. from 1990 to 1997. He obtained his Master in Business Administration from Harvard Graduate School of Business Administration.<\/p><p class=\"p2\">He graduated magna cum laude from Ateneo De Manila University with Bachelor of Science degrees in Management Engineering and Mathematics.<\/p><p class=\"p3\"><i>Directorship\/s in other publicly listed companies<\/i><\/p><p class=\"p4\">STI Education Systems Holdings, Inc.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d0d2670 e-con-full e-flex e-con e-child\" data-id=\"d0d2670\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dfcd6dd elementor-widget elementor-widget-image\" data-id=\"dfcd6dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"795\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rml-795x1024.png\" class=\"attachment-large size-large wp-image-1118\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rml-795x1024.png 795w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rml-233x300.png 233w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rml-768x989.png 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/rml.png 1080w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25b8945 elementor-widget elementor-widget-heading\" data-id=\"25b8945\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Ramon M. Lopez<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd65408 elementor-widget elementor-widget-text-editor\" data-id=\"bd65408\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-055bcb3 elementor-widget elementor-widget-text-editor\" data-id=\"055bcb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Ramon M. Lopez <\/b><\/span>64, first elected in August 2022, is currently an Independent Director of SMIC. He also currently serves as an Independent Director of the AIC Group of Companies Holding Corporation, and a Board Trustee and Vice-Chairman of the Valenzuela City Technological College (ValTech).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96e1f26 premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"96e1f26\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\r\n\t\t\t<div class=\"premium-modal-trigger-container\">\r\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-96e1f26\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"View More\">\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\r\n\t\t\t\t\t\t\t<span>View More<\/span>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t<div id=\"premium-modal-96e1f26\" class=\"premium-modal-box-modal\"\r\n\t\t\trole=\"dialog\"\r\n\t\t\tstyle=\"display: none\"\r\n\t\t\t>\r\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInDown animated-fast\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"p2\"><span class=\"s1\"><b>Ramon M. Lopez <\/b><\/span>64, first elected in August 2022, is currently an Independent Director of SMIC. He also currently serves as an Independent Director of the AIC Group of Companies Holding Corporation, and a Board Trustee and Vice-Chairman of the Valenzuela City Technological College (ValTech). Mr. Lopez is also a Member of the Board of Advisors in Packworks Venture PTE. LTD., a start-up venture that provides a digital operations systems for micro-entrepreneurs, and a Board Trustee in Bayan Family of Foundations, a non-profit organization providing entrepreneurship education and SMEs\/social enterprise development. Mr. Lopez was recently appointed as Chairman of the Governing Board of the Economic Research Institute for ASEAN and East Asia (ERIA).<\/p><p class=\"p2\">Mr. Lopez was the former Secretary of the Philippine Department of Trade and Industry (DTI) and served for the full term of the administration of former President Rodrigo Roa Duterte where he chaired various ad hoc committees and councils. He is recipient of several awards including the Order of Sikatuna, with a rank of Datu in 2018, one of People Asia\u2019s 2020 People of the Year, and the Presidential Medal of Merit alongside The Asia CEO Awards 2022 \u201cLifetime Contributor of the Year Award\u201d in 2022. He also served as Independent Director in the Boards of New Marketlink Pharmaceutical Corporation, Seedbox Securities Inc., and Asian Consulting Group (ACG).<\/p><p class=\"p2\">Mr. Lopez has a Master\u2019s Degree in Development Economics 1988 class at Williams College, Massachusetts USA and an AB Degree in Economics (1981) from the University of the Philippines School of Economics.<\/p><p class=\"p3\">Mr. Lopez has no other directorship in other publicly listed companies.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-footer\">\r\n\t\t\t\t\t\t\t<button type=\"button\" class=\"premium-modal-box-modal-lower-close\" data-dismiss=\"premium-modal\">\r\n\t\t\t\t\t\t\t\tClose\t\t\t\t\t\t\t<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-edcef7b e-flex e-con-boxed e-con e-parent\" data-id=\"edcef7b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9108045 elementor-widget elementor-widget-heading\" data-id=\"9108045\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advisers to the Board<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ce2d3c e-flex e-con-boxed e-con e-parent\" data-id=\"1ce2d3c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-792de30 elementor-widget elementor-widget-premium-img-gallery\" data-id=\"792de30\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_gallery_img_content&quot;:[{&quot;premium_gallery_img_name&quot;:&quot;Herbert T. Sy&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 1&quot;,&quot;_id&quot;:&quot;213646e&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-1.png&quot;,&quot;id&quot;:1297,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;},{&quot;premium_gallery_img_name&quot;:&quot;Hans T. Sy&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 2&quot;,&quot;_id&quot;:&quot;09ff8af&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-2.png&quot;,&quot;id&quot;:1298,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;},{&quot;premium_gallery_img_name&quot;:&quot;Elizabeth T. Sy&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 2&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-3.png&quot;,&quot;id&quot;:1299,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;_id&quot;:&quot;1efe67d&quot;,&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;},{&quot;premium_gallery_img_name&quot;:&quot;Gregory L. Domingo&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 2&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-4.png&quot;,&quot;id&quot;:1296,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;_id&quot;:&quot;3572de3&quot;,&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;},{&quot;premium_gallery_img_name&quot;:&quot;Roberto G. Manabat&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 2&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-5.png&quot;,&quot;id&quot;:1300,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;_id&quot;:&quot;15fe2cd&quot;,&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;},{&quot;premium_gallery_img_name&quot;:&quot;Joseph Phi&quot;,&quot;premium_gallery_img_category&quot;:&quot;Category 2&quot;,&quot;premium_gallery_img&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/www.sminvestments.com\\\/2023smicintegratedreport\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/BoardAdv-6.png&quot;,&quot;id&quot;:1301,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;_id&quot;:&quot;3b185e7&quot;,&quot;premium_gallery_image_cell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_cell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_image_vcell_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;premium_gallery_video&quot;:&quot;&quot;,&quot;premium_gallery_video_type&quot;:null,&quot;premium_gallery_video_url&quot;:null,&quot;premium_gallery_video_self&quot;:null,&quot;premium_gallery_video_self_url&quot;:null,&quot;premium_gallery_video_controls&quot;:null,&quot;premium_gallery_video_mute&quot;:null,&quot;premium_gallery_video_loop&quot;:null,&quot;download_button&quot;:null,&quot;privacy_mode&quot;:null,&quot;premmium_gallery_img_info&quot;:&quot;&quot;,&quot;premium_gallery_img_desc&quot;:&quot;&quot;,&quot;premium_gallery_img_link_type&quot;:&quot;url&quot;,&quot;premium_gallery_img_link&quot;:{&quot;url&quot;:&quot;&quot;,&quot;is_external&quot;:&quot;&quot;,&quot;nofollow&quot;:&quot;&quot;,&quot;custom_attributes&quot;:&quot;&quot;},&quot;premium_gallery_img_existing&quot;:null,&quot;premium_gallery_link_whole&quot;:&quot;&quot;,&quot;premium_gallery_lightbox_whole&quot;:&quot;&quot;}]}\" data-widget_type=\"premium-img-gallery.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t<div class=\"premium-img-gallery-no-lightbox elementor-invisible premium-img-gallery premium-img-gallery-fitRows none premium-gallery-icon-show\" id=\"premium-img-gallery-792de30\">\r\n\t\t\r\n\t\t<div class=\"premium-gallery-container\" data-settings=\"{&quot;img_size&quot;:&quot;fitRows&quot;,&quot;filter&quot;:&quot;&quot;,&quot;theme&quot;:null,&quot;active_cat&quot;:&quot;*&quot;,&quot;ltr_mode&quot;:true,&quot;shuffle&quot;:false,&quot;sort_by&quot;:&quot;original-order&quot;,&quot;skin&quot;:&quot;style3&quot;}\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-213646e category-1\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-1.png\" class=\"attachment-full size-full wp-image-1297\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-1.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-1-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-1-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-1-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Herbert T. Sy<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-09ff8af category-2\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-2.png\" class=\"attachment-full size-full wp-image-1298\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-2.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-2-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-2-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-2-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Hans T. Sy<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-1efe67d category-2\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-3.png\" class=\"attachment-full size-full wp-image-1299\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-3.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-3-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-3-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-3-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Elizabeth T. Sy<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-3572de3 category-2\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-4.png\" class=\"attachment-full size-full wp-image-1296\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-4.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-4-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-4-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-4-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Gregory L. Domingo<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-15fe2cd category-2\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-5.png\" class=\"attachment-full size-full wp-image-1300\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-5.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-5-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-5-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-5-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Roberto G. Manabat<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"premium-gallery-item elementor-repeater-item-3b185e7 category-2\">\r\n\t\t\t\t<div class=\"pa-gallery-img style3\" onclick=\"\">\r\n\t\t\t\t\t<div class=\"pa-gallery-img-container\">\r\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1333\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-6.png\" class=\"attachment-full size-full wp-image-1301\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-6.png 1080w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-6-243x300.png 243w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-6-830x1024.png 830w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/BoardAdv-6-768x948.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-wrapper\">\r\n\t\t\t\t\t\t\t\t<div class=\"pa-gallery-icons-inner-container\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"premium-gallery-caption\">\r\n\r\n\t\t\t\t\t\t\t\t\t<span class=\"premium-gallery-img-name\">Joseph Phi<\/span>\r\n\t\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\r\n\t\t\r\n\t<\/div>\r\n\r\n\t\t\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-83ad94f e-flex e-con-boxed e-con e-parent\" data-id=\"83ad94f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1b1fe2 elementor-widget elementor-widget-heading\" data-id=\"b1b1fe2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advisers to the Board<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37fa794 elementor-widget elementor-widget-text-editor\" data-id=\"37fa794\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SM Investments Corporation (SMIC) practices good corporate governance in all its dealings with all stakeholders, investors, business partners, creditors, customers and employees because SMIC believes that good corporate governance will provide the long-term growth, sustainability and success to the Company. SMIC\u2019s good corporate governance framework and practices are part of the Company\u2019s core values that are anchored on the principles of fairness, integrity, accountability, transparency and stakeholder engagement.<\/p><p class=\"p3\">Our Company is recognized for practicing good corporate governance through the ASEAN Corporate Scorecard and was cited as Hall of Famer in the Corporate Governance category of the Asia Responsible Enterprise Awards (AREA) in 2022. SMIC\u2019s various awards and recognition are identified in this Report. We aim to create value in all our businesses we operate, not just with our customers but as well as communities and the environment to ensure sustainable growth and development.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b391658 e-flex e-con-boxed e-con e-parent\" data-id=\"b391658\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e8e9697 elementor-widget elementor-widget-heading\" data-id=\"e8e9697\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">THE BOARD OF DIRECTORS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e75b898 elementor-widget elementor-widget-text-editor\" data-id=\"e75b898\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>SMIC\u2019s Board of Directors is at the helm of our governance structure. The Company\u2019s directors possess the necessary qualifications, competencies and skills to effectively participate and help secure the achievement of the Company\u2019s vision, mission and corporate objectives. The Company adheres to a board diversity policy that ensures a diverse composition of Board of Directors, which assists in advancing SMIC\u2019s strategic objectives. By virtue of the said policy, the Company commits to having a diverse organization in terms of age, competency, experience, business background, ethnicity, culture, skill, knowledge and gender, among others. To monitor progress in achieving the Board\u2019s diversity, the relevant board committee utilizes a board matrix, which provides for the mix of attributes, skills, competencies, experience and affiliations the members of the Board currently possess vis-a-vis the needs to complement its existing composition. Both the board diversity policy and board matrix may be found in the Company website.<\/p><p>Our Board is composed of eight (8) highly qualified directors, four (4) or fifty percent (50%) of whom are independent directors including our Chairman of the Board. In accordance with the Company\u2019s Manual on Corporate Governance, the Board shall always have at least three (3) independent directors. Independent directors are directors that are free from management responsibilities, substantial shareholdings and material relations, which could be perceived to impede the performance of independent judgment. Independent directors are tasked to encourage impartial discussions at board meetings, monitor and provide feedback on Management\u2019s performance, and safeguard the interests of the Company\u2019s various stakeholders.<\/p><p>In addition to fostering the Company\u2019s culture of corporate governance, the Board is tasked to do the following in accordance with the Manual on Corporate Governance:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-659e5c2 e-flex e-con-boxed e-con e-parent\" data-id=\"659e5c2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-34c7251 e-con-full e-flex e-con e-child\" data-id=\"34c7251\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a51253 elementor-widget elementor-widget-text-editor\" data-id=\"5a51253\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Install a process of selection to ensure a mix of competent directors and officers.<\/li><li>Determine the Company\u2019s purpose, vision, mission and strategies to carry out its objectives and review it annually, or sooner should the need arise.<\/li><li>Oversee the development of and approve the Company\u2019s business objectives and strategy, and monitor Management\u2019s implementation of such.<\/li><li>Ensure that the Company complies with all relevant laws, rules and regulations and adopt industry best practices.<\/li><li>Identify the Company\u2019s major and other stakeholders and formulate a clear policy on communicating or relation with them through an effective investors relations program.<\/li><li>Adopt a system of internal checks and balances.<\/li><li>Identify and monitor key risk areas and key performance indicators, and ensure that a sound Enterprise Risk Management framework is in place.<\/li><li>Keep Board authority within the powers of the institution as prescribed in the Articles of Incorporation, By-Laws and in existing laws, rules and regulations.<\/li><li>Ensure that an effective succession planning program for directors, key officers and management is in place.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b8728b0 e-con-full e-flex e-con e-child\" data-id=\"b8728b0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b522bd elementor-widget elementor-widget-text-editor\" data-id=\"3b522bd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Ensure that each elected director, before assumption of office, be required to attend a seminar on corporate governance conducted by a duly recognized private or governance institution.<\/li><li class=\"p2\">Ensure that each director annually attend continuing education programs conducted by an accredited training provider of relevant government agencies.<\/li><li class=\"p2\">Ensure that directors with material interest in any transaction affecting the Company abstain from taking part in the deliberations for the same.<\/li><li class=\"p2\">Formulate and implement group-wide policies to ensure the integrity of related party transactions, especially those which pass certain thresholds of materiality, between and among the Company and its related companies, business associates, major shareholders, officers, directors and their spouses, children, dependent siblings and parents, and of interlocking director relationships.<\/li><li class=\"p2\">Ensure that the Company\u2019s Code of Ethics, which provides the standards for professional and ethical behavior, as well as articulates acceptable and unacceptable conduct and practices in internal and external dealings, is properly disseminated to the Board, Management and employees, and is available to the public via the Company\u2019s website.<\/li><li class=\"p3\">Establish and maintain an alternative dispute resolution system to settle conflicts between the Company and its shareholders or other third parties, including regulatory authorities.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fc0173b e-flex e-con-boxed e-con e-parent\" data-id=\"fc0173b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-761f3f4 elementor-widget elementor-widget-heading\" data-id=\"761f3f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Board Performance and Attendance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b5935e elementor-widget elementor-widget-text-editor\" data-id=\"7b5935e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Per our Manual on Corporate Governance, the Board should meet at least six (6) times annually. For the year 2023, there were nine (9) meetings conducted of which 100% attendance was achieved. The Board meetings are scheduled a year in advance to encourage higher participation. Special board meetings may be called by the Chairman, the President or Corporate Secretary at the request of any two (2) directors. A director\u2019s absence or non-participation for whatever reason in more than 50% of all meetings, both regular and special, in a year may be a ground for temporary disqualification in the succeeding election. Furthermore, non-executive directors meet at least once annually, without any executive directors or representatives of Management present. Board papers and other materials to be used during Board meetings are distributed to the relevant parties at least five (5) business days before the actual meeting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-477acae e-flex e-con-boxed e-con e-parent\" data-id=\"477acae\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f557057 elementor-widget elementor-widget-image\" data-id=\"f557057\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"811\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance.jpg\" class=\"attachment-full size-full wp-image-1347\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance.jpg 1920w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance-300x127.jpg 300w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance-1024x433.jpg 1024w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance-768x324.jpg 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/2023-Meetings-Attendance-1536x649.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9eb1858 e-flex e-con-boxed e-con e-parent\" data-id=\"9eb1858\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd39a89 elementor-widget elementor-widget-heading\" data-id=\"cd39a89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">BOARD COMMITTEES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94e2b18 elementor-widget elementor-widget-text-editor\" data-id=\"94e2b18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">To address specific tasks and responsibilities, the Board adopted six (6) board committees, namely the Executive Committee, the Audit Committee, the Related Party Transactions Committee, the Compensation Committee, the Risk Management Committee, and the Corporate Governance Committee.<\/p><p class=\"p3\">Each committee has a Charter which defines its composition, roles and responsibilities in line with the provisions found in the Manual on Corporate Governance. The Charters include administrative provisions on the conduct of meetings and proceedings, reportorial responsibilities and provide the standards for evaluation of the respective committee performance. The Charters are disclosed in the Company\u2019s website.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a2ac513 e-flex e-con-boxed e-con e-parent\" data-id=\"a2ac513\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0858e4f e-con-full e-flex e-con e-child\" data-id=\"0858e4f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-40fe151 elementor-widget elementor-widget-heading\" data-id=\"40fe151\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Executive Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8580e2 elementor-widget elementor-widget-text-editor\" data-id=\"b8580e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Executive Committee is composed of both executive and non-executive directors and acts on behalf of the Board during the interim periods between Board meetings. The Committee meets, at least, on a monthly basis to assist the Board in overseeing the implementation of strategies, set and monitor the Company\u2019s performance goals and foster the sharing and dissemination of best practices in all areas of the business group. The Executive Committee also defines the group-wide policies and action, relating to sustainable development, including environment, health and safety, internal communications, innovation and research and technology and purchasing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3743b70 e-con-full e-flex e-con e-child\" data-id=\"3743b70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b67472 eael-table-align-left eael-dt-th-align-tablet-left eael-dt-th-align-mobile-center eael-dt-th-align-left elementor-widget elementor-widget-eael-data-table\" data-id=\"9b67472\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-data-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"eael-data-table-wrap\" data-table_id=\"9b67472\" id=\"eael-data-table-wrapper-9b67472\" data-custom_responsive=\"false\">\n\t\t\t<table class=\"tablesorter eael-data-table left\" id=\"eael-data-table-9b67472\">\n\t\t\t    <thead>\n\t\t\t        <tr class=\"table-header\">\n\t\t\t\t\t\t\t\t\t            <th class=\"\" id=\"\" colspan=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"data-table-header-text\">Office<\/span><\/th>\n\t\t\t        \t\t\t\t            <th class=\"\" id=\"\" colspan=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"data-table-header-text\">Name<\/span><\/th>\n\t\t\t        \t\t\t\t        <\/tr>\n\t\t\t    <\/thead>\n\t\t\t  \t<tbody>\n\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tChairperson (NED)\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tTeresita T. Sy\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t        \t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tMember (NED)\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tHarley T. Sy\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t        \t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tMember (NED)\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tFrederic C. DyBuncio\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t        \t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tAdviser\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t<td colspan=\"\" rowspan=\"\" class=\"\" id=\"\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"td-content-wrapper\"><div class=\"td-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tJose T. Sio\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t        \t\t\t    <\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\t  \t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3716f24 e-flex e-con-boxed e-con e-parent\" data-id=\"3716f24\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ce6ed42 e-con-full e-flex e-con e-child\" data-id=\"ce6ed42\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab1b96a elementor-widget elementor-widget-heading\" data-id=\"ab1b96a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Audit Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd14193 elementor-widget elementor-widget-text-editor\" data-id=\"fd14193\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Audit Committee exercises the Board\u2019s oversight of the Company\u2019s financial reporting, internal controls system, internal and external audit processes and compliance with applicable laws, rules and regulation. The Committee is composed of three (3) non-executive and independent directors, including the Chairperson. The Committee members each possess relevant background, knowledge, skills and\/or experience in areas of accounting, auditing and finance. The Chairperson of the Audit Committee, Ms. Tomasa H. Lipana, is a certified public accountant and does not serve as the chairperson of any of the other board committees. Learn more through the <a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Executive-Committee-002-v.3-1.pdf\" target=\"_blank\" rel=\"noopener\">Audit Committee Charter<\/a>.<br><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b66e69c e-con-full e-flex e-con e-child\" data-id=\"b66e69c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-71017d7 elementor-widget elementor-widget-image\" data-id=\"71017d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1261\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee.jpg\" class=\"attachment-full size-full wp-image-1590\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee.jpg 1920w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee-300x197.jpg 300w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee-1024x673.jpg 1024w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee-768x504.jpg 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/audit-committee-1536x1009.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3021b54 e-flex e-con-boxed e-con e-parent\" data-id=\"3021b54\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-592b273 e-con-full e-flex e-con e-child\" data-id=\"592b273\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d466c37 elementor-widget elementor-widget-heading\" data-id=\"d466c37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Related Party Transactions Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdc1968 elementor-widget elementor-widget-text-editor\" data-id=\"cdc1968\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Related Party Transactions Committee reviews all material related party transactions of the Company and ensures that said transactions are conducted fairly and at arms\u2019 length. The Committee is composed entirely of non-executive and independent directors, including the Chairman. Learn more through the&nbsp;<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Executive-Committee-002-v.3-1.pdf\" target=\"_blank\" rel=\"noopener\"><u>Related Party Transactions Committee <\/u><u>Charter<\/u><\/a>.<br><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7f2ffcc e-con-full e-flex e-con e-child\" data-id=\"7f2ffcc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63ae296 elementor-widget elementor-widget-image\" data-id=\"63ae296\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"608\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee.jpg\" class=\"attachment-full size-full wp-image-1591\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee.jpg 1920w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee-300x95.jpg 300w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee-1024x324.jpg 1024w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee-768x243.jpg 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/related-party-committee-1536x486.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-adafffd e-flex e-con-boxed e-con e-parent\" data-id=\"adafffd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a24325f e-con-full e-flex e-con e-child\" data-id=\"a24325f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79a778e elementor-widget elementor-widget-heading\" data-id=\"79a778e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Compensation Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1714719 elementor-widget elementor-widget-text-editor\" data-id=\"1714719\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Compensation Committee is tasked with the oversight of policies on salaries and benefits, as well as promotions and other forms of career advancement. The Committee is composed of three (3) directors with a majority of independent directors.<\/p><p>The Compensation Committee establishes a formal and transparent procedure for developing a policy on executive remuneration and for fixing the remuneration packages of corporate officers and directors, and provides oversight over remuneration of senior management and other key personnel, ensuring that compensation is consistent with the Company\u2019s culture, strategy and control environment.\u00a0The remuneration structure of SMIC is composed of fixed remuneration, benefits, performance bonus and long term incentives. The variable component of the remuneration increases as one gets higher in the corporate ladder, which applies to all employees, including the executive directors. SMIC disallows any director to decide his\/her own remuneration. Learn more through the <a title=\"Compensation Committee Charter\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Corporate-Governance-Committeev3.pdf\" target=\"_blank\" rel=\"noopener\"><u>Compensation Committee <\/u><u>Charter<\/u><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7aca5e2 e-con-full e-flex e-con e-child\" data-id=\"7aca5e2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7773d3b elementor-widget elementor-widget-image\" data-id=\"7773d3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"935\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/05\/compensation-committe_final.jpg\" class=\"attachment-full size-full wp-image-5857\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e88c5f5 e-flex e-con-boxed e-con e-parent\" data-id=\"e88c5f5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f77512e e-con-full e-flex e-con e-child\" data-id=\"f77512e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11beb41 elementor-widget elementor-widget-heading\" data-id=\"11beb41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Board Remuneration<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1f4b24 elementor-widget elementor-widget-text-editor\" data-id=\"c1f4b24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The annual compensation paid to each director is disclosed annually in the Definitive Information Statement sent to shareholders, together with the Notice of the Annual Stockholders\u2019 Meeting. For compensation as Director, each member of the Board received Php5,400,000 annually except for the outgoing and newly elected Director whose remuneration is pro-rated.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b23243 e-flex e-con-boxed e-con e-parent\" data-id=\"7b23243\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e3be2e8 e-con-full e-flex e-con e-child\" data-id=\"e3be2e8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2aae1f6 elementor-widget elementor-widget-heading\" data-id=\"2aae1f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Risk Management Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0a574d elementor-widget elementor-widget-text-editor\" data-id=\"a0a574d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Risk Management Committee is responsible for the oversight of the Company\u2019s Enterprise Risk Management (ERM) system. The Committee is composed of three (3) independent directors, including the Chairman. Per the Committee\u2019s charter, at least one (1) of its members must have relevant knowledge and experience on risk and risk management. The Committee Chairman, Mr. Robert G. Vergara does not serve as the chairman of any of the other board committees. Learn more through the <a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Executive-Committee-002-v.3-1.pdf\" target=\"_blank\" rel=\"noopener\"><u>Risk Management Committee <\/u><u>Charter<\/u><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d4b55eb e-con-full e-flex e-con e-child\" data-id=\"d4b55eb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d9c511a elementor-widget elementor-widget-image\" data-id=\"d9c511a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"612\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee.jpg\" class=\"attachment-full size-full wp-image-1593\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee.jpg 1920w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee-300x96.jpg 300w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee-1024x326.jpg 1024w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee-768x245.jpg 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/risk-management-committee-1536x490.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3ca704 e-flex e-con-boxed e-con e-parent\" data-id=\"c3ca704\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2d1e1d8 e-con-full e-flex e-con e-child\" data-id=\"2d1e1d8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b899d4 elementor-widget elementor-widget-heading\" data-id=\"4b899d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Enterprise Risk Management (ERM)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c09647 elementor-widget elementor-widget-text-editor\" data-id=\"5c09647\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC\u2019s ERM approach begins with the identification and prioritization of risks, followed by the assessment of risk interrelationships and analysis of risk sources. This is followed by the development of risk management strategies and action plans, and ultimately, the monitoring and continuous improvement of the risk management process.<\/p><p class=\"p2\">SMIC\u2019s business unit heads are responsible for managing operational risks by implementing internal controls and risk management systems within their respective units and ensuring these remain adequate and effectively working in place. The Risk Management Committee is regularly updated on the Company\u2019s risk management systems, as well as on improvement plans of SMIC, while the Executive Committee provides oversight on the assessment of the impact of risks on the strategic and long-term goals of the Company.<\/p><p class=\"p2\">Actions adopted to mitigate the Company\u2019s risks include investments in technology, the provision of continuous training of personnel, the performance of regular audits, the establishment and implementation of policies for strong information technology (IT) governance, and continued partnerships with the Company\u2019s various stakeholders.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9cdb6b0 e-con-full e-flex e-con e-child\" data-id=\"9cdb6b0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-653c771 elementor-widget elementor-widget-text-editor\" data-id=\"653c771\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Technological risks are addressed via continuous risk assessments, wherein potential threats to assets, vulnerabilities and likelihood of occurrence are evaluated and possible impacts are estimated in the areas of networks, operating systems, applications and databases in production. Specifically, system vulnerability assessments and penetration testing are regularly conducted to proactively detect and address threats.<\/p><p class=\"p2\">The Company\u2019s approach to other risks such as environmental risk starts with an assessment of the potential impact it has to the community where it operates. The Sustainability Team regularly reports the group\u2019s sustainability road map and progress to the Steering Committee, headed by the President of the Company. The Company is committed to protect the environment by implementing effective and efficient resource utilization measures in its daily operations.<\/p><p class=\"p3\">The Company was registered with the Anti-Money Laundering Council (AMLC) as a Designated Non-Financial Business and Profession (DNFBP) on December 1, 2021. As such, SMIC is also committed to strict adherence with the Anti-Money Laundering and Counter Terrorism Financing (AML\/CTF) rules, laws and regulations and ensures that the Company will not be used as a conduit for the proceeds of unlawful activity to help prevent the country from being used as a money laundering\/terrorism financing site.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b4ca222 e-flex e-con-boxed e-con e-parent\" data-id=\"b4ca222\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-56b5c27 e-con-full e-flex e-con e-child\" data-id=\"56b5c27\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f22a1f elementor-widget elementor-widget-heading\" data-id=\"1f22a1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Corporate Governance Committee<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f39718 elementor-widget elementor-widget-text-editor\" data-id=\"8f39718\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Corporate Governance Committee is tasked to assist the Board in its corporate governance related responsibilities, such as but not limited to, climate change, anti-money laundering act, information technology. Risk and social impacts in terms of sustainability reporting. The committee also performed the review and evaluation of the qualifications of all candidates nominated to the Board of Directors, and those nominated to positions that require Board approval under the Company\u2019s By-Laws. The Committee is composed entirely of independent directors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bf62665 e-con-full e-flex e-con e-child\" data-id=\"bf62665\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7894ec7 elementor-widget elementor-widget-image\" data-id=\"7894ec7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"615\" src=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee.jpg\" class=\"attachment-full size-full wp-image-1594\" alt=\"\" srcset=\"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee.jpg 1920w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee-300x96.jpg 300w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee-1024x328.jpg 1024w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee-768x246.jpg 768w, https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-content\/uploads\/2024\/03\/corp-gov-committee-1536x492.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eb1cb6a e-flex e-con-boxed e-con e-parent\" data-id=\"eb1cb6a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1e756c2 e-con-full e-flex e-con e-child\" data-id=\"1e756c2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d98c15 elementor-widget elementor-widget-heading\" data-id=\"7d98c15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Nomination and Election of Directors<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c6a94f elementor-widget elementor-widget-text-editor\" data-id=\"1c6a94f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC sets a reasonable period of time for the submission of nominations of candidates for election to its Board of Directors. All nominations for directors submitted in writing to the Corporate Secretary within the said nomination period are considered valid. Any shareholder of record may be nominated as a board of director. All shareholders are, including a minority shareholder, entitled to be notified of the schedule and other details of the Annual Stockholders\u2019 Meeting for the election of board of directors and is entitled to vote as such. When searching for candidates for the Board of Directors, the Company engages the services of professional search firms and\/or other external sources, such as director databases set up by director or shareholder bodies.<\/p><p class=\"p2\">The Corporate Governance Committee meets to screen and check the qualifications of all persons nominated to be a board of director from the pool of candidates submitted by the nominating shareholders. The Manual on Corporate Governance prescribes the following qualifications to be a director of the Company:<\/p><ul><li>Holder of at least one (1) share of stock of the Corporation;<\/li><li>Shall be at least a college graduate or have sufficient experience\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); background-color: var(--ast-global-color-5);\">in managing the business to substitute for such formal education;<\/span><\/li><li>Shall be at least twenty-one (21) years old;<\/li><li>Shall be proven to possess integrity and probity;<\/li><li>Shall be diligent, hardworking and reputable;<\/li><li>Shall be proven to possess the appropriate level of skill and experience in line with the strategic plans and goals of the Company; and<\/li><li>In addition to the qualifications for membership in the Board required in relevant laws, the Board may provide for additional qualifications which may include practical understanding of the Company\u2019s business, membership in good standing in relevant industry, business or professional organizations, and previous business experiences.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bddca3b e-con-full e-flex e-con e-child\" data-id=\"bddca3b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-62ca518 elementor-widget elementor-widget-text-editor\" data-id=\"62ca518\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">In addition to the aforementioned qualifications, the Corporate Governance Committee also identifies qualifications of directors that are aligned with the Company\u2019s strategic direction. Likewise, the Committee ensures that those nominated to the Board possess none of the disqualifications enumerated in the Manual on Corporate Governance. Further to this, the Committee ensures that nominees have attended an orientation or training program related to corporate governance before assuming office pursuant to pertinent regulatory requirements. The committee also recommends continuing education\/ training programs for directors and key officers with training providers that are duly accredited by the Securities and Exchange Commission (SEC). In 2023, the members of the<\/p><p class=\"p2\">Board of Directors and key officers participated in various training programs such as the 2023 CG Seminar on October 16 conducted by the Institute of Corporate Directors in partnership with UBS Global Wealth Management, Leechiu Property Consultants (LPC), Wunderman Thompson Intelligence and Gartner, Inc. Topics included Global Economic and Geopolitical Outlook, Business trends, Retail and Outlook, and Generative Artificial Intelligence and Cybersecurity. Members of the Board also attended the 2023 Annual CG Seminar conducted by BDO Unibank, Inc. with topics that included Global Trends in Banking and Generative Artificial Intelligence. Attendance of the members of the Board to these seminars and training programs are disclosed.<\/p><p class=\"p3\">The Corporate Governance Committee also determines the number of directorships which a member of the Board may hold simultaneously with their SMIC board seats. No individual independent director holds more than five directorships in other publicly listed companies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a00f894 e-flex e-con-boxed e-con e-parent\" data-id=\"a00f894\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3c1b9b1 e-con-full e-flex e-con e-child\" data-id=\"3c1b9b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60c1fff elementor-widget elementor-widget-heading\" data-id=\"60c1fff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Evaluation of the Board<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d45a24 elementor-widget elementor-widget-text-editor\" data-id=\"7d45a24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Through the Corporate Governance Committee, the Board conducts an annual performance evaluation of the collective Board, Board Committees, individual directors, the Company\u2019s Chairman of the Board, President and selected officers. The evaluation criteria are based on the duties and responsibilities of the Board of Directors, Board Committees, individual directors, Chairman of the Board, President and the heads of the control functions (Chief Audit Executive, Chief Risk Officer and Chief Compliance Officer) as provided for by SMIC\u2019s By-Laws, Manual on Corporate Governance and respective Board Committee Charters.<\/p><p class=\"p2\">Directors are asked to rate the annual performance of the respective bodies and individuals, as well as identify areas for improvement, such as the quality and timeliness of information provided to them, the frequency and conduct of regular, special or committee meetings, their accessibility to Management, the Corporate Secretary and Board Advisors as well as training\/continuing education programs or any other forms of assistance that they may need in the performance of their duties. The Board then reviews the results of the evaluation and agree on action plans to address the issues raised. The forms used for the evaluation may be viewed via the Company\u2019s website.<\/p><p class=\"p2\">Every three (3) years, the annual board evaluation is conducted by a third-party facilitator. SMIC engaged the services of Institute of Corporate Directors (ICD), an accredited provider, to facilitate our board evaluation in 2021.<\/p><p class=\"p3\">Every three (3) years, the annual board evaluation is conducted by a third-party facilitator. SMIC engaged the services of Institute of Corporate Directors (ICD), an accredited provider, to facilitate our board evaluation in 2021.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c87f9c2 e-flex e-con-boxed e-con e-parent\" data-id=\"c87f9c2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f655b3b elementor-widget elementor-widget-heading\" data-id=\"f655b3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CORPORATE GOVERNANCE RELATED POLICIES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f688439 elementor-widget elementor-widget-text-editor\" data-id=\"f688439\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC regularly reviews and enhances its Manual on Corporate Governance, Code of Ethics, and other corporate governance related policies and programs to promote the continued development of its corporate governance culture. All corporate governance related policies and information are available to the public through the Company\u2019s website at <span class=\"s1\">www.sminvestments.com<\/span>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1d28188 e-flex e-con-boxed e-con e-parent\" data-id=\"1d28188\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7c731fd e-con-full e-flex e-con e-child\" data-id=\"7c731fd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-952b35e elementor-widget elementor-widget-heading\" data-id=\"952b35e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Manual on Corporate Governance<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85e74cd elementor-widget elementor-widget-text-editor\" data-id=\"85e74cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Manual on Corporate Governance institutionalizes the principles and best practices of good corporate governance in the organization and remains a testament to the belief that good corporate governance is a critical component of sound strategic business management. In addition to the provisions relating to the Board of Directors and Management, the Manual also contains the Company\u2019s policies on disclosure and transparency, and mandates the conduct of communication, and training programs on corporate governance. It also outlines the rights of all stakeholders, and the protection of the interests of minority stockholders. There have been no deviations from the Manual since it was adopted. SMIC certifies that the Company, its directors, officers and employees have adopted and fully complied with all leading practices and principles of good corporate governance as provided by the Manual.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6a30da1 e-flex e-con-boxed e-con e-parent\" data-id=\"6a30da1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-464166f e-con-full e-flex e-con e-child\" data-id=\"464166f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2903980 elementor-widget elementor-widget-heading\" data-id=\"2903980\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Code of Ethics<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f29040 elementor-widget elementor-widget-text-editor\" data-id=\"6f29040\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC\u2019s Code of Ethics provides the Company with the backbone for its culture of corporate governance. All directors, officers and employees are required to adhere to the Code in the performance of their duties and responsibilities. The Code highlights the importance of integrity in all the dealings with investors, creditors, customers, contractors, suppliers, regulators, co-employees, and the Company\u2019s other various stakeholders. It also highlights the Company\u2019s duties to its employees, shareholders, and the importance of corporate social responsibility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6f2238f e-flex e-con-boxed e-con e-parent\" data-id=\"6f2238f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-314b245 e-con-full e-flex e-con e-child\" data-id=\"314b245\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b5503bd elementor-widget elementor-widget-heading\" data-id=\"b5503bd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Sustainability Policy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99a4b03 elementor-widget elementor-widget-text-editor\" data-id=\"99a4b03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC is committed and complies with all applicable laws and regulations in all aspects of its operations pertaining to human and labor rights and environmental responsibility. It also aims to minimize the Company\u2019s risks and impacts through the development of a robust and documented system of implementation, measurement, monitoring, dissemination and evaluation of globally accepted standards of social development and environmental sustainability performance both within its scope of operations and to the broader community. We are focused on enhancing the sustainability of our business ecosystem and are actively addressing the climate adaptability of our business, our cities and communicates. Our Sustainability Policy guides our efforts, which we divided into two initiatives, namely the SM For Social Good and SM Green Movement. SMIC\u2019s Sustainability policy and programs are publicly accessible through our Company website.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a1a5bea e-flex e-con-boxed e-con e-parent\" data-id=\"a1a5bea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-fd8a66a e-con-full e-flex e-con e-child\" data-id=\"fd8a66a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e254777 elementor-widget elementor-widget-heading\" data-id=\"e254777\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Other Corporate Governance Related Policies<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f73ea1 e-flex e-con-boxed e-con e-parent\" data-id=\"9f73ea1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a440af7 e-con-full e-flex e-con e-child\" data-id=\"a440af7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc76765 elementor-widget elementor-widget-heading\" data-id=\"cc76765\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Insider Trading Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ddaccd e-con-full e-flex e-con e-child\" data-id=\"8ddaccd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-643b830 elementor-widget elementor-widget-text-editor\" data-id=\"643b830\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Directors, officers and employees are prohibited from trading in the Company\u2019s shares during the period within which a material non-public information is obtained, five (5) trading days before and two (2) trading days after the disclosure of any material, stock price-sensitive information. SMIC issues reminders of the \u201ctrading ban\u201d, before the release of financial reports or the disclosure of other material information to ensure compliance with the policy. All directors, officers and employees are required to report their dealings in company shares within three (3) business days of the transaction. Reports indicate the date of the trade\/s and number of shares traded, at least, and should be submitted to the Company\u2019s Compliance Officer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7f5db18 e-flex e-con-boxed e-con e-parent\" data-id=\"7f5db18\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-45d38e0 e-con-full e-flex e-con e-child\" data-id=\"45d38e0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-726e049 elementor-widget elementor-widget-heading\" data-id=\"726e049\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Related Party Transactions Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1c02e85 e-con-full e-flex e-con e-child\" data-id=\"1c02e85\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ddee44 elementor-widget elementor-widget-text-editor\" data-id=\"4ddee44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>SMIC discloses in detail the nature, extent and all other material information on transactions with related parties in the Company\u2019s financial statements and quarterly and annual reports. The Company ensures that its related party transactions are conducted at fair market prices and at arms\u2019 length. The full policy may be found in SMIC\u2019s website and describes the process by which the Company handles its related party transactions, particularly those that cross the Company\u2019s materiality threshold.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c492f60 e-flex e-con-boxed e-con e-parent\" data-id=\"c492f60\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d09a9bd e-con-full e-flex e-con e-child\" data-id=\"d09a9bd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-89506d3 elementor-widget elementor-widget-heading\" data-id=\"89506d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Conflict of Interest Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d6b96c e-con-full e-flex e-con e-child\" data-id=\"3d6b96c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1bc8ad5 elementor-widget elementor-widget-text-editor\" data-id=\"1bc8ad5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC\u2019s Conflict of Interest Policy defines a conflict of interest as a situation wherein a director, officer or employee has or appears to have a direct or indirect personal interest in any transaction, which may deter or influence him\/ her from acting in the best interests of the Company. Any director, officer or employee involved in an actual or potential conflict of interest is required to immediately disclose annually said conflict to the Company\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-742431d e-flex e-con-boxed e-con e-parent\" data-id=\"742431d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4f7ea77 e-con-full e-flex e-con e-child\" data-id=\"4f7ea77\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9cfa7e elementor-widget elementor-widget-heading\" data-id=\"c9cfa7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Guidelines on Gifts\/Hospitality and Entertainment<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a11ac44 e-con-full e-flex e-con e-child\" data-id=\"a11ac44\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69c0de0 elementor-widget elementor-widget-text-editor\" data-id=\"69c0de0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Based on the provisions of the Code of Ethics, SMIC\u2019s directors, officers and employees are prohibited from soliciting or accepting gifts, hospitality, and\/ or entertainment in any form from any business partner. The term gift covers anything of value, such as but not limited to cash or cash equivalent. The guidelines provide exceptions such as corporate giveaways, tokens or promotional items of nominal value. In the same manner, accepting travel sponsored by any current or prospective business partner is prohibited.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-986873e e-flex e-con-boxed e-con e-parent\" data-id=\"986873e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-64f5299 e-con-full e-flex e-con e-child\" data-id=\"64f5299\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c758ea elementor-widget elementor-widget-heading\" data-id=\"0c758ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Guidelines on Placement of Advertisements<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9a3ee58 e-con-full e-flex e-con e-child\" data-id=\"9a3ee58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b9dd2e5 elementor-widget elementor-widget-text-editor\" data-id=\"b9dd2e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>SMIC issued a policy to prohibit the placement of advertisements in publications that solicit for such ad placement prior to the release of the official results of an awarding process conducted by the publication and where an SM company or director, officer or employee is one of the nominees vying for the award. SMIC may consider placing advertisements in such publications as part of its over-all marketing strategy, but only after the release of the results of the awarding process and where it will not create reasonable doubt that such ad placement influenced in any way an award given to an SM company or director, officer or employee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e5375c1 e-flex e-con-boxed e-con e-parent\" data-id=\"e5375c1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-34f296d e-con-full e-flex e-con e-child\" data-id=\"34f296d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fca9405 elementor-widget elementor-widget-heading\" data-id=\"fca9405\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Policy on Accountability, Integrity, and Vigilance (Whistleblowing Policy)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a48e72d e-con-full e-flex e-con e-child\" data-id=\"a48e72d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b345ca elementor-widget elementor-widget-text-editor\" data-id=\"0b345ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC issued a policy to prohibit the placement of advertisements in publications that solicit for such ad placement prior to the release of the official results of an awarding process conducted by the publication and where an SM company or director, officer or employee is one of the nominees vying for the award. SMIC may consider placing advertisements in such publications as part of its over-all marketing strategy, but only after the release of the results of the awarding process and where it will not create reasonable doubt that such ad placement influenced in any way an award given to an SM company or director, officer or employee.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-403891b e-flex e-con-boxed e-con e-parent\" data-id=\"403891b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e499ca6 e-con-full e-flex e-con e-child\" data-id=\"e499ca6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b971ee3 elementor-widget elementor-widget-heading\" data-id=\"b971ee3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Policy for Vendor Selection and Purchase of Goods and Services<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fddf194 e-con-full e-flex e-con e-child\" data-id=\"fddf194\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-005d468 elementor-widget elementor-widget-text-editor\" data-id=\"005d468\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tExisting and potential vendors and suppliers are required to conform to the Company\u2019s Code of Ethics as a pre-requisite for the accreditation process.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d49b8bc e-flex e-con-boxed e-con e-parent\" data-id=\"d49b8bc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-90b9a0e e-con-full e-flex e-con e-child\" data-id=\"90b9a0e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b05481e elementor-widget elementor-widget-heading\" data-id=\"b05481e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Alternative Dispute Resolution System<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3af05c e-con-full e-flex e-con e-child\" data-id=\"c3af05c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-82de99e elementor-widget elementor-widget-text-editor\" data-id=\"82de99e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tEnsures that the Company maintains an alternative dispute resolution system to settle conflicts between the Company and its stockholders or other third parties, including regulatory authorities.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5954830 e-flex e-con-boxed e-con e-parent\" data-id=\"5954830\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ccc0859 e-con-full e-flex e-con e-child\" data-id=\"ccc0859\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8292b42 elementor-widget elementor-widget-heading\" data-id=\"8292b42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Human Rights Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ef40c14 e-con-full e-flex e-con e-child\" data-id=\"ef40c14\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a017db9 elementor-widget elementor-widget-text-editor\" data-id=\"a017db9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC respects and promotes human rights in accordance with the International Bill of Human Rights, the International Labor Organization Declaration on Fundamental Principles and Rights at Work, and the UN Guiding Principles on Business and Human Rights. We are committed to the principles that all persons should be treated with respect.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-da460cf e-flex e-con-boxed e-con e-parent\" data-id=\"da460cf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bf537c1 e-con-full e-flex e-con e-child\" data-id=\"bf537c1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ef21ef1 elementor-widget elementor-widget-heading\" data-id=\"ef21ef1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Anti-Bribery and Anti-Corruption Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-69d1907 e-con-full e-flex e-con e-child\" data-id=\"69d1907\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b3f897 elementor-widget elementor-widget-text-editor\" data-id=\"3b3f897\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC respects and promotes human rights in accordance with the International Bill of Human Rights, the International Labor Organization Declaration on Fundamental Principles and Rights at Work, and the UN Guiding Principles on Business and Human Rights. We are committed to the principles that all persons should be treated with respect.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a5d13f e-flex e-con-boxed e-con e-parent\" data-id=\"1a5d13f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b4cb64e e-con-full e-flex e-con e-child\" data-id=\"b4cb64e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-688c2f8 elementor-widget elementor-widget-heading\" data-id=\"688c2f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Anti- Discrimination and Anti-Harassment Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f610ac5 e-con-full e-flex e-con e-child\" data-id=\"f610ac5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-527ca01 elementor-widget elementor-widget-text-editor\" data-id=\"527ca01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC is committed to providing a working environment that is safe and free from harassment (including sexual harassment) for all its employees and will not tolerate any form of behavior that is based upon an individual\u2019s sex, sexual orientation, race, ethnicity, national origin, age and religion.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f2fa9d8 e-flex e-con-boxed e-con e-parent\" data-id=\"f2fa9d8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-62c0db8 e-con-full e-flex e-con e-child\" data-id=\"62c0db8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed7fe8f elementor-widget elementor-widget-heading\" data-id=\"ed7fe8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Operational Health and Safety Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0a07e50 e-con-full e-flex e-con e-child\" data-id=\"0a07e50\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf92a65 elementor-widget elementor-widget-text-editor\" data-id=\"cf92a65\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSMIC is committed to the protection of health, safety and wellbeing of all members of the organization including its subsidiaries. The Company strives to promote a strong and sustainable culture that will facilitate the awareness of risk and the prevention of injury and illness.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d5061a3 e-flex e-con-boxed e-con e-parent\" data-id=\"d5061a3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2589c17 e-con-full e-flex e-con e-child\" data-id=\"2589c17\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60ca8f2 elementor-widget elementor-widget-heading\" data-id=\"60ca8f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Privacy Policy<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c4bf090 e-con-full e-flex e-con e-child\" data-id=\"c4bf090\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d3adb6e elementor-widget elementor-widget-text-editor\" data-id=\"d3adb6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our Company collects, uses, protects or otherwise handles our data subjects\u2019 personal data in accordance with Republic Act No. 10173, or the Data Privacy Act of 2012, and its Implementing Rules and Regulations and other issuances (collectively known as \u201cData Privacy Act\u201d)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f54a3cb e-flex e-con-boxed e-con e-parent\" data-id=\"f54a3cb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f4e7475 elementor-widget elementor-widget-heading\" data-id=\"f4e7475\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DISCLOSURE AND TRANSPARENCY<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c4314d elementor-widget elementor-widget-text-editor\" data-id=\"6c4314d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC ensures that its stakeholders receive timely and accurate information on all facets of its business through its website and disclosures. SMIC\u2019s website has a separate corporate governance section that has subsections where its policies, programs and other relevant developments may be found. The Company also ensures that shareholders are provided with periodic reports that include relevant information on its directors and officers and their shareholdings and dealings with the Company.<\/p><p class=\"p2\">SMIC regularly discloses its top shareholders and its beneficial owners who own more than 5% of its shares. Shareholdings of directors and senior management are disclosed in the Definitive Information Statement sent to shareholders prior to the Annual Stockholders\u2019 Meeting.<\/p><p class=\"p3\">The Company also uses non-financial performance indicators discussed in this Report.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-448f3d3 e-flex e-con-boxed e-con e-parent\" data-id=\"448f3d3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cd393a5 e-con-full e-flex e-con e-child\" data-id=\"cd393a5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-58d30fa elementor-widget elementor-widget-heading\" data-id=\"58d30fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Investor Relations Department<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d7faa3 elementor-widget elementor-widget-text-editor\" data-id=\"8d7faa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC\u2019s Investor Relations (IR) Department is the main avenue of communication between the Company and its various stakeholders. The IR Department arranges regular teleconferences and site visits for investors, participates in investor conferences, and conducts annual roadshows with stops in various locations throughout the world. In 2023, the IR Department and senior management conducted roadshows across Asia, Europe and North America. The SMIC IR Department also coordinates with the different IR departments of the Company\u2019s subsidiaries and affiliates, as well as participates in various investor fora and conducts regular briefings with analysts, investors and members of public media alongside other capital market participants and stakeholders. The Company\u2019s IR Department ensures that the Company has constant engagement with its shareholders, including minority shareholders, and all other stakeholders. SMIC\u2019s shareholders or other various stakeholders may reach out to the Company for information or details on the Company, its operations, directors and\/ or officers, to provide feedback and\/or make other relevant suggestions\/recommendations to the Company:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84660a4 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"84660a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Investor Relations Department<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-map-marker-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">10\/F, One E-Com Center Ocean Drive, Mall of Asia Complex Pasay City, 1300 Philippines<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M464 64H48C21.49 64 0 85.49 0 112v288c0 26.51 21.49 48 48 48h416c26.51 0 48-21.49 48-48V112c0-26.51-21.49-48-48-48zm0 48v40.805c-22.422 18.259-58.168 46.651-134.587 106.49-16.841 13.247-50.201 45.072-73.413 44.701-23.208.375-56.579-31.459-73.413-44.701C106.18 199.465 70.425 171.067 48 152.805V112h416zM48 400V214.398c22.914 18.251 55.409 43.862 104.938 82.646 21.857 17.205 60.134 55.186 103.062 54.955 42.717.231 80.509-37.199 103.053-54.947 49.528-38.783 82.032-64.401 104.947-82.653V400H48z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ir@sminvestments.com<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-967c697 e-flex e-con-boxed e-con e-parent\" data-id=\"967c697\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5501de4 elementor-widget elementor-widget-heading\" data-id=\"5501de4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">THE ANNUAL STOCK HOLDER'S MEETING<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2b1cc0 elementor-widget elementor-widget-text-editor\" data-id=\"c2b1cc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Annual Stockholders\u2019 Meeting (ASM) provides SMIC shareholders, including minority shareholders, the opportunity to raise concerns, give suggestions, and vote on relevant issues. Voting methods are clearly defined and explained to shareholders before the ASM to ensure the observance of their voting rights and continued participation in the voting process in accordance with pertinent regulatory requirements and CG standards.<\/p><p class=\"p2\">Under the Company\u2019s By-Laws and Manual on Corporate Governance, and in accordance with applicable law and pertinent regulations, shareholders may cumulatively vote for the election or replacement of members of the Board of Directors. Prior to the ASM, shareholders are furnished a copy of the annual report, including financial statements, and all relevant information about the current and nominated directors and key officers. Elected directors hold office for one (1) year until their successors are elected following the procedures set forth in SMIC\u2019s By-Laws. SMIC also includes rationales and explanations for each agenda item which requires shareholder approval in the Notice of the Annual Stockholders\u2019 Meeting. Furthermore, the Company appoints an independent party to count and validate votes made during the ASM.<\/p><p class=\"p3\">Proxy voting is permitted and facilitated through proxy forms, which are distributed to shareholders prior to the ASM. Proxy forms may also be downloaded from the Company\u2019s website. To encourage shareholders to exercise their right to vote through the proxy forms, notarization of such is not required. Shareholders are also given the opportunity to vote on certain corporate acts in accordance with the law. These resolutions, along with shareholder questions and the corresponding responses are recorded in the minutes of the ASM, which are posted on the Company\u2019s website immediately following the ASM. To ensure that all shareholders\u2019 concerns are properly addressed, the Chairman of the Board, Board Directors, the President, Board Committee Chairpersons and Members, Management, the Corporate Secretary, Compliance Officer, Internal Auditor and the External Auditors are always present during the ASM.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b8e1e3a e-flex e-con-boxed e-con e-parent\" data-id=\"b8e1e3a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-386e0f2 elementor-widget elementor-widget-heading\" data-id=\"386e0f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">RIGHTS, ROLES AND PROTECTION OF STAKEHOLDERS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64be89c elementor-widget elementor-widget-text-editor\" data-id=\"64be89c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Based on its Manual on Corporate Governance, Code of Ethics and other relevant rules, laws and regulations, SMIC is required to recognize and protect the rights and interests of its key stakeholders, namely its shareholders, employees, customers, business partners, creditors, as well as the communities it operates in and the environment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd8e56e e-flex e-con-boxed e-con e-parent\" data-id=\"dd8e56e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b996eb5 e-con-full e-flex e-con e-child\" data-id=\"b996eb5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-14574ae elementor-widget elementor-widget-heading\" data-id=\"14574ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Investor Relations Department<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88d3c84 elementor-widget elementor-widget-text-editor\" data-id=\"88d3c84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The Manual on Corporate Governance protects the shareholders\u2019 appraisal right as well as their rights to vote, inspect corporate books and records, gain access to material information and receive an equitable share of the Company\u2019s profits.<\/p><p class=\"p2\">The exercise of a shareholder\u2019s voting right is encouraged by SMIC to ensure meaningful participation in all shareholders\u2019 meetings. Voting methods and vote counting systems employed by the Company are clearly explained to ensure the effective exercise of shareholders\u2019 right to vote. SMIC follows the system of cumulative voting for the election of directors to allow shareholders an opportunity to elect each member of the Board of Directors individually. Shareholders maintain the right to receive dividends subject to the discretion of the Board. They may exercise their appraisal right or the right to dissent and demand payment of the fair value of their shares in accordance with the Corporate Code.<\/p><p class=\"p3\">Minority shareholders are given the right to propose the holding of a meeting as well as the right to propose items in the agenda of the meeting, provided that the items are for legitimate business purposes and in accordance with the law, jurisprudence and best practice. Minority shareholders are also given access to information relating to matters for which Management is accountable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-617784d elementor-widget elementor-widget-heading\" data-id=\"617784d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Dividend Policy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fa618c elementor-widget elementor-widget-text-editor\" data-id=\"8fa618c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">The policy of the Company is to provide a sustainable dividend stream to its shareholders. The Board determines the dividend payout taking into consideration the Company\u2019s operating results, cash flows, capital investment needs and debt servicing requirements. Dividends shall be paid within thirty (30) days from the date of declaration.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef04a59 elementor-widget elementor-widget-heading\" data-id=\"ef04a59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Employee Welfare<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d0b854 elementor-widget elementor-widget-text-editor\" data-id=\"5d0b854\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">SMIC strives to be an employer of choice and provides for the health, safety and welfare of its employees. Through the efforts of its Human Resources Department (HRD), the Company has established policies and programs that promote a safe and healthy work environment that caters to all cultures and creeds and encourages employee development and growth.<\/p><p class=\"p2\">SMIC encourages good health and wellness through its various sports and fitness programs. There are courts and fitness facilities in the workplace where the employees can use and participate in HRD supported aerobic and dance activities. The pandemic from 2020 to 2021 temporarily suspended these activities, which were resumed in 2022.<\/p><p class=\"p2\">Work from home arrangement is being implemented for the health and safety of the employees. SMIC provides a fully functioning clinic and employs the services of a 24-hour roving ambulance service in case of an emergency.<\/p><p class=\"p3\">The Company continues to conduct seminars and various learning sessions via online platform, such as training on Integration of New Employees in SM, the use of Microsoft word, Excel and PowerPoint and various technological applications, health and wellness seminars, proper business email writing skills to name a few. The Company believes that a happy and healthy workforce promotes business sustainability.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97bc00f elementor-widget elementor-widget-heading\" data-id=\"97bc00f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Emergency Preparedness Program<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4275ec elementor-widget elementor-widget-text-editor\" data-id=\"b4275ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">As part of its Enterprise Risk Management, SMIC implements an emergency preparedness program that aims to safeguard its workforce, operations, and customers against emergencies, and natural and manmade disasters. Led by its Emergency Preparedness Committee, and in coordination with fire and security agents, the Company conducts regular safety drills throughout the SMIC workplace. These drills, along with emergency management related orientations and training are conducted to ensure a competent, composed and efficient response from SMIC\u2019s workforce in the event of an emergency.<\/p><p class=\"p3\">The Company has implemented an emergency text blast system for emergency announcements and a hotline where employees can call for an update or\/and instruction.<\/p><p class=\"p4\">The company has also developed Business Continuity Planning that will be activated in case of an emergency in order that business operations can be carried out as usual. Critical functions of each departments are identified to prevent business disruption. Regular table top exercises are conducted to ensure preparedness and that the protocols will be implemented as planned when the need arises.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61d882c elementor-widget elementor-widget-heading\" data-id=\"61d882c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Training and Employee Development<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5174df9 elementor-widget elementor-widget-text-editor\" data-id=\"5174df9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Awareness and understanding of the principles of good corporate governance are essential to the continued development of SMIC\u2019s corporate governance culture. Through the Orientation for New Employees of SM (ONE SM), new employees are given an overview of SMIC\u2019s corporate governance framework, including all the different corporate policies and its various components. A substantial portion of the orientation is devoted to the discussion of SM\u2019s core values and the Code of Ethics, and highlights the roles that each individual can play in the overall development of the corporate governance culture. Skills and Leadership development courses are also conducted regularly, covering topics such as Basics of Customer Service, Effective Listening, Guidelines for Writing Effective Business Emails and Value Formations.<\/p><p class=\"p3\">For issues or concerns, all stakeholders may refer to:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e06c99f elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e06c99f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-user\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M313.6 304c-28.7 0-42.5 16-89.6 16-47.1 0-60.8-16-89.6-16C60.2 304 0 364.2 0 438.4V464c0 26.5 21.5 48 48 48h352c26.5 0 48-21.5 48-48v-25.6c0-74.2-60.2-134.4-134.4-134.4zM400 464H48v-25.6c0-47.6 38.8-86.4 86.4-86.4 14.6 0 38.3 16 89.6 16 51.7 0 74.9-16 89.6-16 47.6 0 86.4 38.8 86.4 86.4V464zM224 288c79.5 0 144-64.5 144-144S303.5 0 224 0 80 64.5 80 144s64.5 144 144 144zm0-240c52.9 0 96 43.1 96 96s-43.1 96-96 96-96-43.1-96-96 43.1-96 96-96z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Ms. Maria Virginia A. Tolentino-Uy <\/br>SAVP \u2013 Head of Compliance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-map-marker-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">10\/F, One E-Com Center Ocean Drive, Mall of Asia Complex Pasay City, 1300 Philippines<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-phone-alt\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M497.39 361.8l-112-48a24 24 0 0 0-28 6.9l-49.6 60.6A370.66 370.66 0 0 1 130.6 204.11l60.6-49.6a23.94 23.94 0 0 0 6.9-28l-48-112A24.16 24.16 0 0 0 122.6.61l-104 24A24 24 0 0 0 0 48c0 256.5 207.9 464 464 464a24 24 0 0 0 23.4-18.6l24-104a24.29 24.29 0 0 0-14.01-27.6z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">+63 2 8570100<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M464 64H48C21.49 64 0 85.49 0 112v288c0 26.51 21.49 48 48 48h416c26.51 0 48-21.49 48-48V112c0-26.51-21.49-48-48-48zm0 48v40.805c-22.422 18.259-58.168 46.651-134.587 106.49-16.841 13.247-50.201 45.072-73.413 44.701-23.208.375-56.579-31.459-73.413-44.701C106.18 199.465 70.425 171.067 48 152.805V112h416zM48 400V214.398c22.914 18.251 55.409 43.862 104.938 82.646 21.857 17.205 60.134 55.186 103.062 54.955 42.717.231 80.509-37.199 103.053-54.947 49.528-38.783 82.032-64.401 104.947-82.653V400H48z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">marvi.tolentino-uy@sminvestments.com<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our Corporate Governance Our commitment to strong corporate governance practices benefits our customers by ensuring transparency, accountability, and ethical behavior [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_theme","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-975","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/pages\/975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/comments?post=975"}],"version-history":[{"count":415,"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/pages\/975\/revisions"}],"predecessor-version":[{"id":5875,"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/pages\/975\/revisions\/5875"}],"wp:attachment":[{"href":"https:\/\/www.sminvestments.com\/2023smicintegratedreport\/wp-json\/wp\/v2\/media?parent=975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}