UNIVERSAL
ROBINA
CORPORATION
GROUP FIVE
LEADER: Rizaldy Pangilinan
MEMBERS:
Janinna Anne Miranda
Mara Vida Ligsay
Michaela Pingol
Jerimi San Agustin
Table of contents
II. CORPORATE
I. INTRODUCTION
GOVERNACE
A. Company Profile
B. Company Background A. Definition
C. Company History B. Corporate Structure
D. The Mission, Vision and Values
III. CORPORATE GOVERNACE
OF UNIVERSAL ROBINA CORP.
A. Compliance in Securities and Exchange
Commission
B. Non-compliance in Securities and Exchange
Commission
Table of contents
IV. COMPANY GOOD
CORPORATE GOVERNANCE V. REFERRENCES
- Participation
- Rule of Law
A. Citation
- Transparency
- Responsiveness
- Consensus oriented
- Equity and Inclusiveness
- Effectiveness and Efficiency
- Accountability
I.
INTRODUCTION
A. Company Profile
Full name: UNIVERSAL ROBINA CORPORATION
Head quarters: 43/F Robinson-Equitable Tower ADB Ave cor Poveda St.
Ortigas Ctr; Pasig; National Capital Region; 1600
Legal Address: 8th Floor, Tera Tower, Brigdetowne, E. Rodriguez, Jr. Avenue
(C5 Road), Ugong Norte, Quezon City Manila; National Capital Region;
Postal Code: 1110
Legal form: Public Limited Company
Operational Status: Operational
Financial Auditors: SGV & Co. (2011)
Incorporation Date: September 28, 1954
Total Employees: 8,938
Tel: (632) 6337631
B. Company Background
Universal Robina Corporation (URC) is one of the largest branded consumer
food and beverage product companies in the Philippines. The company
has a significant and growing presence in the ASEAN and Oceania
markets. It is among the Philippines’ pioneers in the industry. It has been
operating for over 50 years since Mr. John Gokongwei, Jr. established
Universal Corn Products Inc. in 1954, a cornstarch manufacturing plant in
Pasig City.
URC is engaged in an array of food-related businesses, including the
production and distribution of branded consumer snack foods and
beverages; commodities such as sugar and flour; and agro-industrial
businesses mainly hogs, animal feed, and other related products.
C. Company Background
URC has established itself to be the trailblazer
in manufacturing through best-in-class
technologies and processes. It has
unswervingly showcased its innovation and
excellence through groundbreaking products
to the ASEAN market and wide distribution
networks in both modern and traditional
channels.
B. Company History
In 1954 1963
1961 In the late ‘60s
C. Company History
1966 Late 1980s
Early 1970s 2005 to present
D. The Mission, Vision and Values
Mission Vision
URC’s vision is to be the best
Universal Robina Philippine food and beverage
Corporation (URC) is one company, with a powerful
presence throughout the ASEAN
of the largest branded region, carrying a wide portfolio
food product companies in of delightful brands of
the Philippines and has a exceptional quality and value,
growing presence in other equipped with efficient systems
and motivated people, We are
ASEAN markets. committed in making lives a truly
fun experience.
Values
Passion to Win: We build organizational capability by being entrepreneurial and
proactive, driven by a sense of urgency and purpose. We continuously challenge
ourselves to deliver world-class brands and consistently rally our people to strive for
excellence.
Dynamism: We cultivate a culture of innovation and productive working relationships.
We continuously find ways to improve organizational and people capabilities to meet
constantly challenging consumer needs.
Integrity: We are guided by transparency, ethics, and fairness. We build the business with
honor and are committed to good governance. Our processes and products meet the
highest standards. We are credible in our dealings with both internal and external
stakeholders.
Courage: We seize opportunities in building long-term, sustainable businesses. We make
tough people and business decisions to ensure competitive advantage.
II.
CORPORATE
GOVERNANCE
Definition
Corporate governance is the framework of
rules, systems and processes of the
corporation that governs the performance
by the Board of Directors and
Management of their respective duties and
responsibilities to the stakeholders.
B. CORPORATE STRUCTURE
III.
CORPORATE GOVERNACE
OF UNIVERSAL ROBINA
CORPORATION
A. Compliance in Securities and Exchange Commission
PRINCIPLE 1
The company should be headed by a competent, working board to foster the
long-term success of the corporation, and to sustain its competitiveness and
profitability in a manner consistent with its corporate objectives and the long-
term best interest of its shareholders and other stakeholders.
Recommendation 1.1
1. Board is composed of directors with collective working knowledge,
experience or expertise that is relevant to the company’s industry/sector.
2. Board has an appropriate mix of competence and expertise.
3. Directors remain qualified for their positions individually and collectively to
enable them to fulfill their roles and responsibilities and respond to the needs of
the organization.
PRINCIPLE 2
The fiduciary roles, responsibilities and accountabilities of the board as provided under the law, the
company’s articles and by-laws, and other legal pronouncements and guidelines should be
clearly made known to all directors as well as to stockholders and other stakeholders.
Recommendation 2.3
The board should be headed by a competent and qualified chairperson.
PRINCIPLE 3
Board committees should be set up to the extent possible to support the effective performance of the
Board’s functions, particularly with respect to audit, risk management, related party transactions,
and other key corporate governance concerns, such as nomination and remuneration. The
composition, functions and responsibilities of all committees established should be contained in
a publicly available Committee Charter.
Recommendation 3.1
Board establishes board committees that focus on specific board functions to aid in the optimal
performance of its roles and responsibilities.
B. Non-compliance in Securities and Exchange Commission
PRINCIPLE 4
To show full commitment to the company, the directors should devote the
time and attention necessary to properly and effectively perform their
duties and responsibilities, including sufficient time to be familiar with
the corporation’s business.
Recommendation 4.2
Non-executive directors concurrently serve in a maximum of five publicly-
listed companies to ensure that they have sufficient time to fully
prepare for minutes, challenge management’s proposals/views, and
oversee the long-term strategy of the company.
IV.
COMPANY GOOD
CORPORATE GOVERNACE
Participation
This includes the commitment of Universal Robina Corporation to
ensure fair and equitable treatment of all shareholders
Rule of Law
Universal Robina ensures that all transactions comply with relevant laws
and regulations. Any deficiencies are immediately rectified.
Transparency
The Universal Robina Corporation is transparent and fair in the conduct
of the annual and special shareholders’ meetings
Responsiveness
The Universal Robina Corporation is definitely a responsive company when
it comes to its stakeholders or even with their customers.
Consensus Oriented
The Universal Robina Corporation recognizes and places importance on the
interdependence between business and society and promotes a mutually
beneficial relationship that encourages the company’s sustainable growth
Equity and Inclusiveness
The company has Security and Safety Manuals that are implemented and regularly
reviewed to ensure the security, safety, health, and welfare of the employees in the
work place and provides learning and development opportunities for its employees.
Effectiveness and Efficiency
The Universal Robina Corporation always assess the impacts of their projects to
make certain that they are able to truly make people's lives better.
Accountability
Board exercises care, skill and judgment and observes good faith and loyalty
in the conduct and management of the business and affairs of the Company.
Universal Robina Corporation acknowledges that good
corporate governance is essential to build an environment of
trust, transparency and accountability necessary for fostering
long-term performance, financial stability, business integrity
and sustainability of the company for the protection of the
interests of shareholders and other stakeholders.
Citation
Corporate governance manual. Universal Robina. (2020, December 21).
https://www.urc.com.ph/corporate-governance.
Annual report 2019. Governance – Universal Robina Corporation. (n.d.).
https://www.urc.com.ph/annualreport2019/governance/.
Code of business ethics manual. Universal Robina. (2019).
https://www.urc.com.ph/corporate-governance/business-ethics-code.
Organizational Chart. Universal Robina. (2019).
https://www.urc.com.ph/about-us/company-org-chart.
Annual corporate governance reports. Universal Robina. (2019).
https://www.urc.com.ph/corporate-governance/annual-corporate-governa
nce-reports
.
