Ethical Standards and Policies
CODE OF CONDUCT
The Bank’s ethical standards are institutionalized thru its Code of Conduct which ensures the placement of clear mandates for its employees to observe responsible business banking in the performance of their functions. The Code focuses on three essential principles, namely, (1) Integrity; (2) Disclosure and (3) Assumed Responsibility. In following these principles, Unionbankers are expected to embody the values of trust, honesty, objectivity, fairness, respect for others, open communication and executional excellence. Further, Unionbankers bear the responsibility to promptly disclose any suspicion or actual possible violation of a law that unduly creates material risk to the Bank. Lastly, Unionbankers are expected to exude the culture of professionalism by assuming responsibility to resolve issues which he/she encounters in the workplace. The Code’s structure is divided into three parts (1) Ethical Standards (2) Disciplinary Action and (3) Procedure for Administrative Due Process.
Aside from ensuring compliance to its Code of Conduct, the Bank, as a whole, upholds a high standard in disclosure and transparency in order to assure the investing public an authentic and comprehensive perspective to its financial condition. The Bank complies with the required reportorial submissions under applicable laws and regulations and makes full, fair, accurate and timely public disclosures on material facts or events that may reasonably be expected to affect investor’s decisions.