The “Reimagining the Future of Patient Care” cover represents the resilience and adaptability of Makati Medical Center as we navigate through unprecedented challenges brought about by the recent extended global health emergency. It reflects the unwavering commitment of our healthcare professionals who have devoted themselves to improving the lives of others, all while recognizing their evolving needs in a changing world.
As MakatiMed moves forward, we embrace the valuable lessons learned during the COVID-19 crisis. The experiences we gained have prompted us to adopt advancements in the field of medicine, refine our protocols, cultivate a culture of continuous learning, but remain relentless in our brand of compassionate care.
This Audit Risk & Committee (the “Committee”) Charter (the “Charter”) of Medical Doctors, Inc. (the “Corporation”) shall assist the Board of Directors (the “Board”) in fulfilling its oversight responsibilities for the financial reporting process, system of internal control, audit process and risk management process. The Committee shall ensure the integrity of the Corporation’s financial reporting processes, including ensuring the integrity of financial reports and other financial information provided by the Corporation to the public, governmental and/or regulatory bodies. The Committee shall also provide oversight over the Corporation’s Enterprise Risk Management System to ensure its functionality and effectiveness.
It shall be the responsibility of the Board of Directors (the “Board”) of Medical Doctors, Inc. (the “Corporation”) to foster the long-term success of the Corporation and secure its sustained competitiveness in a manner consistent with its fiduciary responsibility, which it shall exercise in the best interest of the Corporation, its stockholders and other stakeholders. The Board shall conduct itself with utmost honesty and integrity in the discharge of its duties, functions and responsibilities.
This Charter shall set out the purpose, duties, responsibilities, accountabilities and authority of the Board including the policies that shall guide to the directors in the performance of their functions.
The Board of Directors (“the Board”) and Management of Medical Doctors, Inc. (the “Corporation”) hereby commit themselves to the principles and best practices contained in this Manual, and acknowledge that the same may guide the attainment of our corporate goals.
This Manual shall institutionalize the principles of good corporate governance in the entire organization. The Board and Management believe that corporate governance is a necessary component of what constitutes sound strategic business management and will therefore undertake every effort necessary to promote the development of a strong corporate governance culture, to create awareness of corporate governance within the organization, and ensure its implementation, as soon as possible. They shall also keep abreast of developments in corporate governance best practices.
The Corporation also recognizes and places an importance on the interdependence between business and society and aims to promote a mutually beneficial relationship that allows the Corporation to grow its business, while contributing to the advancement of the society where it operates.
The Makati Medical Center Code of Ethics and Business Conduct expresses the commitment and a culture of good corporate governance of its Board of Directors, Management Committee, Physicians, Professional Staff and Corporate Employees to the values, principles
and standards drawn from its mission and values.
It is these individuals’ responsibility to ensure that his/her behaviors and activities are consistent with this Code.
This Corporate Governance and Compliance Committee (the “Committee”) Charter (the “Charter”) of Medical Doctors, Inc. (the “Corporation”) shall ensure that the Board of Directors (the “Board”) adheres to corporate governance and compliance principles in order to ensure the integrity, transparency and proper governance in the conduct of the corporate affairs. The Committee shall also be responsible to assist and advise the Board in establishing and reviewing policies on compensation, benefits and retirement of the directors, employees, executive and corporate officers of the Corporation, ensuring that it is consistent with the culture, strategy and the business environment on which the Corporation operates.
The Ethics Committee (the “Committee”) of Medical Doctors, Inc. (the “Corporation”) shall assist and advise the Board of Directors (the “Board”) in its development and management of policies and procedures on: (1) the ethical aspect of the provision of medical care, compliance and quality assurance and (2) on clinical risk management, infection control and medication appropriate use. The Committee shall ensure that the Board oversees that the Corporation is committed to the highest ethical and professional standards in healthcare aligned with its continuing business concern.
This Nomination and Election Committee (the “Committee”) Charter (the “Charter”) of Medical Doctors Inc. (the “Corporation”) shall ensure that the Board of Directors (the “Board”) of the Corporation will have a formal and transparent Board nomination and election policy.