The Board of Directors and Management, employees and shareholders of BPI/MS Insurance Corporation (BPI MS) believe that sound and effective corporate governance is the cornerstone of the Company’s strength and long-term sustainability. It subscribes to its core values of teamwork, integrity, and innovation and digitalization in the conduct of its business, with the ultimate mission of making its stakeholders happy and contribute to the development of the country.
We work closely with all our regulators, the Insurance Commission (IC), Securities and Exchange Commission (SEC), the Anti-Money Laundering Council (AMLC), the National Privacy Commission (NPC) and the Bureau of Internal Revenue (BIR), to ensure adherence and consistency to its laws and regulations. The Board of Directors (the Board) and Management strive to be in full compliance to the principles and practices contained in the IC Corporate Governance Principles and Leading Practices (IC Circular Letter No. 31-2005 and all supplementary circulars issued by IC), the Revised Code of Corporate Governance for Insurance Commission Regulated Companies (IC Circular Letter No. 71-2020) and BPI MS Corporate Governance Manual and acknowledge that the same will guide them in pursuing their corporate goals. We shall also undertake every effort necessary to create the necessary awareness of these principles and practices within the organization in order to ensure proper internalization by every member of the organization. Our Board is committed to establishing and maintaining the highest standards of corporate governance. The Manual of Corporate Governance supplements and compliments the BPI MS Articles of Incorporation and By-Laws by setting forth principles of good and transparent governance.