31 May 2017, MAKATI -- Local cement firm Eagle Cement Corporation, with ticker symbol EAGLE, reinforced its presence in the local cement industry as it debuted in the local bourse last 29 May 2017 with the traditional bell ringing ceremony at the Philippine Stock Exchange (PSE).
ECC Workplace Ethical Relationship Policy
Employees are prohibited or must refrain from having personal close ties with suppliers, clients / distributors and co-employees in any kind of mutually benefiting relationship (i.e. sponsorship or god-parenting by way of marriage or baptism activities, romantic or sexual ties, etc.).
Superiors (i.e. supervisor, manager) should avoid accepting invitations to be a godparent of a subordinate, colleague or any employee within his scope of influence and vice versa. With that, the company also extremely discourages any romantic relationships between:
- Employee and contractor, supplier, customer;
- Immediate superior and subordinate; Superior with indirect subordinate, but has the power / influence over certain department and / or within the department
These relationships may bring potential conflict to the business interest of the company. In addition, this rule is to maintain an ethical standard and fairness during the job evaluation of any respective subordinate and undue treatment in general working conditions. Affected employees must report to Human Resources via updating their FBID forms or whenever a new entrant / applicant to the company is related.
Employees with direct or indirect contacts with vendors, distributors, contractors should strictly avoid from accepting or soliciting sponsorships / god-parenting from these third parties. For existing relations like this, granting or acceptance of any excessive gifts is also discouraged and should be reported to the company through FBID’s Declaration of Gifts form. This may influence ethical relationships concerning the company’s interaction with vendors, distributors, and contractors.