09 December 2013

SEZ awarded for good corporate governance

Subic EnerZone Corp. (SEZ), an AboitizPower subsidiary and distribution utility covering the Subic Bay Metropolitan Authority franchise area, was recently awarded by the agency’s labor department in view of good corporate governance.

The SBMA Good Corporate Governance Award, in partnership with Subic Bay Workforce Development Foundation Inc., recognizes outstanding business practices, industrial relations, human resource management and compliance to occupational health and safety standards.

It also recognized SEZ as a leading employer in the Subic Bay Freeport Zone, developing employees with good values, high productivity and drive for excellence.

SBMA chairman and administrator Roberto Garcia presented the award to SEZ assistant vice president and general manager Warell Kern Sario in a ceremony held Nov. 22 at the Subic Bay Arts Center, Subic Bay Freeport Zone.

In his message during the ceremony, Garcia told SEZ, “You are an example of what we are trying to achieve here in Subic, better business relations, good customer service, honesty, no corruption, accountability, and transparency. Good governance means good business.”

“This recent accolade from SBMA reflects SEZ’s strong commitment to adhere to international labor standards. As an Aboitiz company, we strive for excellence in every field of our businesses,” Sario added.

Subic EnerZone was also recently granted a Tripartite Certificate of Compliance on Labor Standards given by Department of Labor and Employment.

The TCCLS is given to companies that show exemplary adherence to provisions on General Labor Standards, Occupational Safety and Health Standards, the Child Labor Law under Republic Act 9231, industrial peace, and enterprise stability and competitiveness.

SEZ’s authority to operate the Subic Bay Freeport Zone power distribution system was granted by the SBMA pursuant to the terms of the Bases Conversion and Development Act.

In 2007, AboitizPower bought the 20 percent equity of Team Philippines Industrial Power II Corp. (formerly Mirant Philippines) in SEZ for P92 million. (The Daily Tribune)