Internal Breaches and Sanctions | Ayala

Internal Breaches and Sanctions

Governance  >  Annual Corporate Governance Report  > Internal Breaches and Sanctions

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

Violations Sanctions

First Violation


Second Violation

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

Third Violation

Removal from office.



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