The DMCI group of companies fully commits to good corporate governance by aligning our governance framework with international standards and best practices. We also adhere to a code of conduct that promotes ethical behaviour, justice and human rights. Our companies likewise commit to the use of alternative dispute resolution options and processes to settle conflicts or issues, if any, with our various stakeholders.
DMCI Project Developers, Inc. has a pending case with the regional trial court to compel the Bases Conversion Development Authority to arbitrate its unresolved issue over the P300 million deposit made by the DMCI group in 1996, as payment for its future subscription to the North Luzon Railways Corporation (Northrail) shares of stock. Northrail did not push through but the deposited amount was never returned.
Maynilad continues to support the arbitration process, even as the Philippine government filed an application with the High Court of Singapore to set aside an arbitration panel's ruling awarding the water company P3.4 billion as payment over losses due to a rate dispute with the Metropolitan Waterworks and Sewerage System.
PARTNERSHIP FOR THE GOALS
DMCI Holdings, including its subsidiaries and affiliate companies, regularly partner with the public, private and non-profit sectors to foster sustainable development in the areas where we operate.