EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
The following table shows the voting results in the 2014 Annual Stockholders’ Meeting of the Energy Development Corporation:
Results of the 2014 Annual Stockholder’s Meeting
Resolution Approving Dissenting Abstaining
Approval of the Minutes of the Previous Stockholders’ meeting
TOTAL VOTES: 23,904,490,552
Approval of the management Report and Audited Financial statements for the
year ended December 31, 2013
TOTAL VOTES: 23,904,490,552
Confirmation and Ratification of all acts and resolutions of Management and the
Board of Directors from the date of the last stockholders’ meeting as reflected in
the books and records of the company
TOTAL VOTES: 23,904,490,552
Approval of amendment of the Articles of Incorporation to reclassify the Three
billion (3,000,000,000) authorized and unissued common shares with a par value
of One Peso (₱1.00) per share, into Three Hundred Million (300,000,000)
Non-Voting Preferred Shares with a par value of Ten Pesos (₱10.00) per share
TOTAL VOTES: 23,904,490,552
Approval of amendment of the Articles of Incorporation to limit the preemptive
right for certain share issuances/ reissuances
TOTAL VOTES: 23,904,490,552
Approval of the appointment of SGV & Co. as the Company’s external auditor
TOTAL VOTES: 23,904,490,552
22,578,379,978
(80.28%)
22,894,602,203
(81.40%)
22,568,102,478
(80.24%)
23,204,530,289
(82.50%)
21,438,895,716
(76.23%)
22,894,602,203
(81.40%)
0 1,326,110,574
0 1,009,888,349
10,277,500 1,326,110,574
699,269,263 691,000
2,464,903,836 691,000
0 1,009,888,349
3. Role of Stakeholders
We, at EDC, see our business viability as tied to our responsibility to our stakeholders, be it a shareholder, a customer, a supplier or contractor, the
environment, the government, the community within which we operate, and the society in general. We consider all stakeholders to be our partner
towards achieving our goals and targets, and we value their contributions to our success.
To ensure that our corporate activities are aligned with the best interest of our stakeholders, we have put in place and have been implementing
policies in dealing with our stakeholders in our Code of Conduct and Business Ethics (CCBE) and Code of Conduct and Discipline (CCD).
The CCBE encapsulates key principles and values that guide EDC, our officers and employees in dealing with our stakeholders, i.e. investors, customers,
suppliers, contractors, the Government and the surrounding communities, and in handling critical issues and concerns facing the Company, such as
the Government, the Employees, EDC’s Business Partners, the Environment, the Communities around the Company, Company Books and Records,
Confidential Information, a Healthy and Safe Workplace, and the Media, among others.
Complementary to the CCBE is EDC’s employee CCD, which became effective September 16, 2011. The CCD prescribes the norms of conduct and
standards of behavior to instill a strong sense of discipline among its employees. These standards of behavior serve as guideposts in ensuring that our
employees embrace and live EDC’s core values. In launching the CCD, acknowledgment forms expressing their commitment to strictly conform to the
Code of Conduct and Discipline were signed by all our employees.
With the goal of aligning personal values, actions and concepts of business behavior and governance based on enduring moral values, the CCBE and
CCD encourage right actions and upholds integrity in the face of situations involving ethical issues.
EDC’s Key Principles in Dealing with our Stakeholders
Briefly, EDC, through our Board, Management, officers and employees, strictly observe the following key values and principles in dealing with our
stakeholders, pursuant to the CCBE and CCD:
A. Business Partners (i.e. customers, suppliers, contractors, creditors, investors, government)
Honor all contractual obligations in accordance with existing laws, rules and policies;
Fairness and transparency in all procurement activities and business transactions;
Maintain professional relationships with potential and current suppliers, contractors and clients;
Maintain the highest standards of service, professionalism, fairness and honesty in dealing with clients, bankers and financial advisors;
Strictly observe company policies and laws on conflict of interest;
Treat business partners and their personnel with professionalism and courtesy and without compromising EDC’s integrity;
x Avoid soliciting gifts, accepting bribes and doing special favors and other acts that might be construed as giving undue advantage
x Avoid accepting anything the value of which is manifestly excessive that may impair or be presumed to impair professional judgment
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