It is the duty of every director, officer and employee to immediately and fully report and disclose to the Management any information about violation of company policies, rules and regulations which has been, is being, or is about to be committed. The procedures and penalties to be meted out to those who fail to report shall be discussed in the next meeting of the Board of Directors.
Directors, officers and significant shareholders, who find themselves in any conflict-of-interest situation involving any transaction with the Company and/or its group, are enjoined to immediately disclose the same to the Management for review and resolution. Apart from such voluntary disclosure, the Company and/or the Group itself conduct an extensive background check in its business dealings and transactions for purposes of determining the existence of potential conflict-of-interest situation with the Company's directors, officers and significant shareholders.
The Company strictly adheres to the policy on insider trading enshrined under Section 27 of the Securities Regulation Code. An employee of the Company, who is considered an "insider" for having an access to material information about the Company or the security that is not generally available to the public, may not be involved in any of the following activities:
This policy with respect to material Related Party Transactions of Vista Land & Lifescapes, Inc. (the "Company") is intended to ensure that related party transactions ("RPTs") are conducted in a manner that will protect the Company and all its stakeholders from conflict of interest which may arise from such transactions, that the RPTs are entered into at arms-length or at terms at least comparable to those available to unrelated third parties, and that these transactions shall be disclosed, reviewed, and approved in accordance with this Policy and consistent with the principles of transparency and fairness.
The Company values its employees and has paramount concern for their safety, health and welfare.
The Company provides and maintains facilities in the work premises that ensure the safety and welfare of its employees as they are engaged in the daily performance of their duties. Emergency and evacuation plans are likewise in placed to safeguard employees in emergency cases and fortuitous events.
To ensure and nurture the employees' health and wellness, the Company maintains a corporate health program that caters to the employees' need for preventive, diagnostic and treatment services. This healthcare benefit and coverage has been improved as it now extends to the employees' qualified dependent/s.
The Company also offers optimal training programs, on-the-job training and other development programs for its employees to assist them in effectively carrying out their jobs and to prepare them for career advancement.