Globe employees, who we call "Ka-Globe,” are always treated to a quarterly, themed "Ka-Globe Jam," our version of a corporate town hall. Intended to be an "uncorporate" take on reporting the company's performance and activities, it aims to not only report on our quarterly business results and happenings in and around the company, but to also cascade general directions from our leaders about how to steer the company forward.
The Globe Telecom management continually commits to high standards of disclosure, transparency, and accountability.
They established the sustainability policy and review its adequacy at the highest level periodically, and allocated resources to ensure effective implementation. The practice of sustainability reporting was implemented as a means to provide a fair, accurate, and meaningful assessment of the company’s overall performance on triple bottom line—Economic, Environment, and Social—responsibility to its stakeholders including investors.
Globe practices the regular disclosure of financial results. Quarterly financial results are immediately disclosed after the approval by the Board to appropriate regulatory bodies, the Philippine Stock Exchange (PSE) and the Securities and Exchange Commission (SEC). The quarterly and year-end financial statements and the detailed management's discussion and analysis are filed within 45 and 105 calendar days respectively from the end of financial period, if not earlier. The company's financial reporting disclosures are in compliance with the PSE and SEC requisites, and these reports are made available to the analysts after disclosure and posting on the company's website.
In case of mergers, acquisitions, and/or takeovers requiring shareholders' approval, the board of directors of the offeree company shall appoint an independent party to evaluate the fairness of the transaction price. Such shall be disclosed in the company's financial statement and relevant reports. Globe shall also ensure its compliance with the applicable law, rules, and regulations prescribed by the SEC and PSE.
Any market-sensitive information such as dividend declaration is also disclosed to the SEC and PSE, and then released through various modes of communication.