The corporate governance of UnionBank of the Philippines is founded on a culture of fairness, transparency and accountability, and demonstrated by consistent ethical business conduct. The responsibility for good corporate governance is owned by all members of the organization, emanating from the Board and cascading to all levels of the Bank’s Officers and Staff.
The Bank’s enhanced corporate governance roadmap seeks to continually raise the bar by guiding the Bank through three stages of governance internalization and practice: Compliance, Competence, and Culture with the ultimate goal of steering the Bank towards serving the interest of its stockholders and stakeholders.
The Bank has a well-structured and efficient Board of Directors (the Board) providing it with the right leadership, strategic oversight and control environment. The Board propels the Bank towards its ultimate goal of maximizing long term value for shareholders while also taking into account the interest of its stakeholders. Learn More
The Bank’s philosophy for corporate governance extends beyond prescribed mandates and obligations. The Bank has a Code of Conduct operating as its steward for ensuring observance of high standards of responsible banking business. The Code empowers and guides all employees and other persons to whom it may be applicable in certain instances. It is divided into three parts, namely, Ethical Standards, Disciplinary Action, and Procedure for Administrative Due Process. Learn More
Good governance of the Bank requires and promotes a healthy relationship with its stakeholders to whom it has duties and obligations. The Bank is devoted to a high level of moral conduct and fair dealing with all its stakeholders, who generally include its employees, depositors and other clients, suppliers, environment, the state, and the community it operates. Learn More
Annual Corporate Governance Report(ACGR) and
Corporate Governance Report (CG) Learn More
The Bank has governance policies in place to help fulfill its responsibilities to its stakeholders. They are subject to periodic review in order to ensure that they remain consistent with applicable regulations and industry best practice. Learn More
The Bank has governance mechanisms in place to help fulfill its responsibilities to its stakeholders. They are subject to periodic review in order to ensure that they remain consistent with applicable regulations and industry best practice. Learn More
UnionBank of the Philippines and Subsidiaries
Revised Manual on Corporate GovernanceLearn More
UnionBank was cited by Finance Asia as one of the ten (10) companies in the Philippines for 2009 with “Best Corporate Governance,” “Best Corporate Social Responsibility,” and “Most Committed to a Strong Dividend Policy. Learn More