Globe ™ recognizes the importance of good governance in realizing its vision, carrying out its mission,

and living out its values to create and sustain increased value for all stakeholders. The impact of global
conditions and challenges further underscores the need to uphold high standards of corporate
governance (CG) to strengthen our structures and processes.

As strong advocates of fairness, accountability, transparency, and integrity in all aspects of the business,
our Board of Directors, the management, the officers, and all our employees commit to the principles
and best practices of governance in the attainment of corporate goals aligned with Globe Telecom’s
strategic direction.

The thrust for a CG-proactive business culture emanates from the top. As strong advocates of fairness,
accountability, transparency, and integrity in all aspects of the business, our Board of Directors, the
management, the officers, and all our employees commit to the principles and best practices of
governance in the attainment of corporate goals aligned with Globe Telecom’s strategic direction.

The Board of Directors, as part of its functions and responsibilities, leads, develops, and reviews Globe
Telecom’s strategic direction and business strategies regularly. The Committees created to support Board
functions serve as venues to discuss business strategies and Globe Telecom’s strategic direction, among
other business matters, in relation to the specific responsibilities of each Committee.

The Board, in its decision-making function, is also encouraged to decide with integrity, accountability,
and on behalf of the good interest of Globe Telecom and all its stakeholders. The management is
entrusted with the implementation and close monitoring of Board-approved business strategies, and is
likewise tasked to conduct Globe Telecom’s business with the highest CG standards and conduct.

The Board, through its various committees, also oversees and conducts a review of our overall risk
management systems, and our material controls, covering operational, financial, and compliance areas.
Finally, they approve operating expenses and capital budgets, major acquisitions and disposal of assets,
major investments, and changes in authority and approval limits. In 2016, our Board reviewed our
business strategies and direction, and we updated our mission, vision, and values to reinforce our
commitment to our purpose as a sustainable business for our customers and stakeholders.

We understand that governance is beyond regulatory compliance, reports, and disclosures. We believe
that CG’s relevance is most evident when its standards and practices are embedded in business culture
and that having governance integrated in our business operations is a journey that we chose to invest
time and effort in. We recognize that good governance standards must be present and experienced
outside and inside the company such that the principles of fairness, transparency, integrity,
sustainability, and accountability should also be experienced among employees.

The basic mechanisms for CG are principally contained in our Articles of Incorporation and By-Laws.
These documents lay down, among others, the basic structure of governance, minimum qualifications of
directors, and the principal duties of the Board and officers of the Company. Our Manual of Corporate
Governance (MCG), charters, policies, and Code of Conduct and Ethics act as supplements. We revised
our MCG in 2015 to comply with the SEC-mandated provisions that highlight the protection of
stakeholders’ interests, among other CG principles. The same also reflected our strong adherence to best
CG standards and practices espoused in the ASEAN Corporate Governance Scorecard (ACGS), which we
have also adopted to continue to raise and monitor our CG standards and practices. Our MCG will
undergo further revisions and updates in 2017 to align with the provisions identified in SEC
Memorandum Circular No. 19, Series of 2016 or the Code of Corporate Governance for Publicly Listed
Companies.
We are likewise in full compliance with the Securities and Exchange Commission’s (SEC) Code of
Corporate Governance, all listing rules of the PSE, and regulations issued by the SEC for which an annual
Certification of Compliance is issued and signed by our Compliance Officer and countersigned by our
President and CEO. We restructured our corporate website to enhance investor-friendliness and the
convenient access of information relevant to shareholders and our various stakeholders. Other than
comprehensive information about our business, products and services, our website also contains
disclosures and reports, CG scorecards and surveys, press releases, and an archive thereof, as well as our
corporate policies, charters and manuals, vision, mission, core values, investor relations program,
sustainability, and corporate social responsibility activities, among others.

Manual of Corporate Governance

We updated our Manual of Corporate Governance to comply with the SEC’s Code of CG in May 2017.
Our Charter of the Board of Directors and different Board Committee Charters were also reviewed and
enhanced in accordance with our updated MCG, the ACGS, and the SEC Code of CG among other
guidelines.

Meet the Team Leading Globe

The Board of Directors or “Board” is our highest governance body. It establishes our company’s vision,
mission, and values, and strategic direction. It also monitors the implementation of the corporate
strategy and the overall corporate performance to ensure transparency, accountability, integrity, and
fairness, and to protect the long-term interests of our stakeholders. Through its various committees, it
oversees and conducts a review of our overall risk management systems, and our material controls,
covering operational, financial, and compliance areas. Finally, the Board approves corporate operation
and capital budgets, major acquisitions and disposal of assets, major investments, and changes in
authority and approval limits. In 2017, our mission, vision, and values were reviewed together with our
business strategies to stay relevant to the growing needs of our stakeholders.

The thrust for a business culture that is proactive in corporate governance emanates from the top.

The Board, as part of its functions and responsibilities, leads, develops, and reviews Globe strategic
direction and business strategies regularly. The committees created to support Board functions serve as
venues to discuss business strategies and Globe strategic direction, among other business matters, in
relation to the specific responsibilities of each committee. The Board, in its decision-making function, is
also encouraged to decide with integrity, accountability, and on behalf of the good interest of the
organization and all its stakeholders. The management is entrusted with the implementation and close
monitoring of Board-approved business strategies, and is likewise tasked to conduct Globe business with
the highest corporate governance (CG) standards.