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Internal Breaches and Sanctions

Overview

Internal policies on sanctions imposed for any violation or breach of the corporate governance manual involving directors, officers, management and employees

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Ayala Corporations Internal Breaches and Sanctions imposed for any violation or breach of the corporate governance
1
Violation

First Violation

Sanction

Reprimand

2
Violation

Second Violation

Sanction

Suspension from office. The duration shall be at the reasonable discretion of the Board, depending on the gravity of the violation.

3
Violation

Third Violation

Sanction

Removal from office.