The Corporation recognizes that the most cogent proof of good corporate governance is that which is visible to the eyes of its investors. Therefore the following provisions are issued for the guidance of all internal and external parties concerned, as governance covenant between the Corporation and all its investors.

The Board shall be committed to respect the following rights of the stockholders, which shall be exercised in accordance with the Corporation Code, Articles of Incorporation and By-Laws of the Corporation:

  1. Right to vote on all matters that require their consent or approval; 

  2. Right to inspect corporate books and records; 

  3. Right to information; 

  4. Right to dividends; 

  5. Appraisal right; and 

  6.  Right to appoint a proxy. 

It shall be the duty of the directors to promote shareholder rights, remove impediments to the exercise of shareholders’ rights and allow possibilities to seek redress for violation of their rights. They shall encourage the exercise of shareholders’ voting rights and the solution of collective action problems through appropriate mechanisms. They shall be instrumental in removing excessive costs and other administrative impediments to shareholders’ meaningful participation in meetings, whether in person or by proxy. The directors shall ensure timely distribution of accurate shareholder information necessary to make informed decisions subject to legal constraints.

The Board shall give minority stockholders the right to propose the holding of meetings and the items for discussion in the agenda that relate directly to the business of the corporation. 

Conflict of Interest 

Insider Trading 


Related Party Transactions 

Employee Development and Growth



Risk is a threat that the occurrence or non-occurrence of an event or action will adversely affect an organization’s ability to achieve its business objectives and execute its plans successfully. Such risks may originate from the different business processes of the company.
Through its risk management program, which includes regular reviews of such business processes by the management, D&L identifies, assesses, prioritizes and installs effective countermeasures to minimize or eliminate these risks.
Risk management is not only championed by the Board but is also seen as a shared responsibility between the management and D&L employees.