Philippine Export-Import Credit Agency

PHILEXIM’SCORPORATE GOVERNANCE

FRAMEWORK

OUTLINE

1. Statement of Policy and Commitment2. Governance Organizational Structure3. Corporate Governance Initiatives

It is the policy of PhilEXIM to actively promote corporate governance reforms and pursue the

observance of the principles of fairness, accountability and transparency.

STATEMENT OF POLICY

PhilEXIM’s Code of Corporate Governance

PhilEXIM is committed to institutionalize the principles of good corporate governance in the entire

organization.

The Board of Directors, Management and Staff commit themselves to the principles and best

practices of good corporate governance and will undertake every effort necessary to create

awareness within the organization.

COMMITMENT

PhilEXIM’s Code of Corporate Governance

GOVERNANCE ORGANIZATIONALSTRUCTURE

Board of Directors

GovernanceCommittee

Risk OversightCommittee

Audit Committee

Corporate Secretary

InternalAudit

Risk &Compliance

CEO

Chief Executive Officer

The President & CEO is ultimately accountable for PhilEXIM’s organizational and

procedural controls.

PhilEXIM’s Code of Corporate Governance

CORPORATE GOVERNANCEINITIATIVES

Align to Best Practices

Improvement in Organizational & Functional Definition

1. Re-alignment of functions for clear delineation of duties and responsibilities

2. Adoption of new Key Results Areas (KRAs)3. Comprehensive training programs on leadership and

management development4. Adoption of corporate and employee performance

evaluation, reward and merit system

Align to Best Practices

Institutionalize Risk Management and Control System

1. Improve Internal Credit Risk Rating System2. Risk-based Pricing System 3. Risk-based Business Approach (RiBBA) Audit

Align to Best Practices

Adherence to Financial Standards

1. Financial management in accordance with Philippine and International Accounting Standards (PAS/IAS) and Basel IIb) Regular participation in seminars conducted by the PICPA

Sound Corporate GovernanceImplementation of PhilEXIM’s Corporate Compliance Program

An internal self-regulatory mechanism for orderly implementation of ethical responsibilities and compliance with laws, rules and regulations, policies and procedures

Redefinition of the distinct but coordinated roles of the Board as policy-making body and management as executor of policies

Implementation of PhilEXIM’s Code of Ethics and Business Conduct

Sets forth the principles and core values of PhilEXIM as well as policies governing conflict of interest, divestment and public disclosureVetting of members of the Board and strict compliance to the “Fit & Proper” rule of the Bangko Sentral ng Pilipinas

Sound Corporate Governance

Implementation of the Anti-Money Laundering Program

Participation in the Department of Finance’s Philippine Corporate Governance (CG) Scorecard for government corporations and financial institutions

Sound Corporate Governance

Training & Development

PhilEXIM officials led by the BOD actively participates in corporate governance seminars conducted by the ICD and ADFIAP

Sound Corporate Governance

Awards & Recognition

In June 2008 was included in Corporate Governance Circle being one of the top 10 government owned corporations and financial institutions recognized by the ICD for its corporate governance initiatives

Corporate Values

ExcellenceInnovationIntegrityProfessionalismTeamworkResponsible Governance

THANK YOU