Manila, Philippines—Eagle Cement Corporation (ECC), after securing the Securities and Exchange Commission’s nod to conduct its initial public offering, is preparing to take on landmark infrastructure projects in Visayas and Mindanao.
ECC Gifts and Gratuity Policy
All ECC employees and officers are prohibited from requesting, accepting or offering any form of gifts or gratuities in connection with any corporate expenditure, sale of goods or services from all vendors, suppliers, customers, co-employees, contractors, consultants, potential employees, politicians, potential vendors or suppliers and any other individual or organization.
Gifts and gratuities include, but are not limited to, cash, tickets to events, sports and entertainment in general, paid vacations, electronic equipment, liquor, food, substantial favors and other items of value given by co-employees and third parties (e.g. vendors, suppliers, customers, contractors, consultants, potential employees, politicians, potential vendors or suppliers, and any other individual or organization to employees or officers with whom they transact, whether directly or indirectly, in relation to ECC business dealings, and regardless of the place where such gifts are offered to or received by an employee or officer.)
All efforts must be employed in the non-acceptance or the act of returning such gifts or gratuities received; these attempts or actual receipt of such favors must be reported/registered to the management and Ethics Committee.