“The Seascape Inn Resort”
Owned by:
Ma. Sofia S. Pedernal
Kareen I. Bartolo
Reign Xei B. Catimbang
Laurenz E. Burao
Charles Toshiharu E. Tan
(ABM 12-A)
CODE OF CONDUCT AND ETHICS
In Seascape Inn Resort, we feel that honesty, integrity, and fairness are valuable qualities
in our industry. All employees of our organization must ensure that our entire honesty, loyalty,
and ethical behavior enhance the organization's reputation. This Code of Conduct lays out the
expectations for employee behavior as well as guidance for dealing with various scenarios.
I.
COMPLIANCE WITH LAWS, RULES AND REGULATIONS
The Company maintains its awareness of and strives for constant compliance with all
applicable laws, rules and regulations. The Company is committed to offering a work and business
environment that provides confidence to its Representatives and guests that the Company conducts
itself in a manner which is in adherence with applicable laws, rules and regulations.
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II.
You are responsible for knowing, understanding and complying with the rules and
regulations of the Company. Please see the most current Vail Resorts Employee Handbook
for a detailed description of the relevant programs, policies and procedures.
The Company shall comply with all laws, rules and regulations enacted by any
governmental entity, including all environmental, health and safety laws and regulations.
The Company shall safeguard all physical, financial, informational and other Company
assets.
CONFLICT OF INTEREST
Make sure that there is no conflict of interest in your dealings with customers, contractors,
colleagues and any stakeholder. The Company has adopted policies regarding potential conflicts
of interests in an effort to promote honest and ethical conduct. The Company desires to maintain
a reputation of responsible and fair business practices.
III.
CORPORATE OPPORTUNITIES
You are prohibited, without the consent of the Executive Management or the Board of
Directors as the case may be, from
1) Taking for your own personal account, business opportunities arising from the use
of Company property, information or your position within the Company.
2) Using Company property, information or your position for personal gain
3) Competing with the Company directly or indirectly
IV.
USE AND DISCLOSURE OF CONFIDENTIAL INFORMATION
The Seascape Inn desires to offer full, fair, accurate, timely and understandable disclosure
in financial and other reports filed by the Company for purposes of investor information and other
public communications. The Company has established internal controls and procedures to ensure
the accuracy of all information provided by the Company in connection with such disclosures.
Disclosing directly or indirectly to anyone outside the Company, during their employment
or thereafter, confidential information concerning the Company. Examples of such information
include:
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Financial data
Development plans and strategies
Business plans and strategies
Customer and supplier lists
Marketing and advertising plans and strategies
Organisation Charts, grade and salary data and policy and procedure manuals.
Using directly or indirectly any confidential information concerning the Company
subsequent to the end of their employment with the Company.
V.
GIVING AND RECEIVING GIFTS
Make sure that you do not ask for any gift or favor from anyone if that gift or favor it may
influence on the way you do on your job. Do not offer any gift or favor to anyone in order to
influence that person in the way that he/she does the job and never offer any payment to anyone,
in order to exert any influence on the way that person does business. Be aware that while moderate
business entertaining is acceptable, you must be guarded against hospitality that appears to be
aimed at influencing the way someone does his/her job. You should turn down invitations to meals
or entertainment that are excessive in nature or frequency, so as to avoid loss of objectivity when
conducting the Company’s business. You must always strictly abide by the entertainment policy
of the Company, which is guided by the highest ethical standards.
VI.
SAFEGUARD AND PROPER USE OF COMPANY ASSETS
Keep a record of all assets - see different types of business assets. Carry out regular asset
checks, including stock and inventory checks. Carry out a risk assessment for different types of
assets. Restrict access to assets such as stock, cash or data, where appropriate.
VII.
PERSONAL CONDUCT AND ETIQUETTE
This will be the set of behavior rules you live by, guiding every action you take in life. Try
to set behavior standards for yourself that are realistic and flexible. Be aware that Personal conduct
whether on or off duty that adversely affects the image or reputation of the Company is not
acceptable. Deal in straight, honest, courteous and efficient manners with anyone you come into
contact with in public or in private.
VIII.
PROPER ACCOUNTING AND DOCUMENT RETENTION
The Company shall follow General Accepted Accounting Procedures (GAAP), as well as
all generally accepted accounting principles, standards, laws and regulations for accounting and
financial reporting of transactions, estimates and forecasts.
IX.
DEALING WITH AUDITORS
Any person in a position of providing approvals listed within this Code shall maintain
written records of these approvals and shall make them available to auditors or investigators, if
necessary. No employee shall make a false or misleading statement to any internal auditor or
investigator or any external auditor or investigator engaged by the Company during the
performance of their duties.
X.
REPORTING ILLEGAL OR UNETHICAL BEHAVIOUR
As an employee of the Company, you are encouraged to report promptly on any
inappropriate practices or actions according to the guidelines enclosed in the Whistleblowing
Policy.
XI.
INFORMATION SYSTEMS POLICIES
The Code is a set of policies and procedures that set forth the way the Company and its
employees should behave and operate in order to achieve the ethical principles of this Company.
By consistently applying such policies and procedures and conducting our business practices
according to the following principles, we are able to offer evidence of what we believe in as a
Company in the course of business and in our position in the community. The Code applies to and
should be followed by all employees, consultants, agents and anyone acting on behalf of The
Seascape Inn, its subsidiaries and associated business units (hereinafter collectively referred to as
“Representatives” or “You”). You are responsible for being aware of the applicable procedures
and policies of the Code and to understand that business results never take precedence over
compliance with the Code.
XII.
RESPONSIBILITIES TO THE COMMUNITY
Communities also have rights and responsibilities, both to the members of the community
and other communities that they are a part of. An empowered community understands these
relationships and how these relationships impact on the community, and other communities that
are a part of it.
XIII.
RELATIONS WITH CONTRACTORS AND SUPPLIERS
The Company’s Contract Policy is designed to ensure a uniform and consistent approach
to negotiations, agreements and contracts entered into by an employee or anyone acting on behalf
of the Company. You are prohibited from accepting any cash, loans, bribes or kickbacks for the
purpose of influencing a business decision affecting the Company. If you are engaged in business
dealings with governmental entities, you may not provide anything of value to employees of such
entities on behalf of the Company for the purpose of influencing or affecting an official action.
XIV.
RESPONSIBILITIES TOWARDS STAKEHOLDERS AND GOVERNMENT
OFFICIALS
The Company shall appoint a Corporate Governance/Nominating Committee, a
Compensation Committee, and an Audit Committee, in accordance with SEC and NYSE rules and
timeframes. The Company Disclosure Committee will be in place to assure that financial and
other reports, which require disclosure, are accurately and reliably prepared and reported. The
Company shall appoint an Ethics Committee to provide leadership for the Company’s policies in
connection with this Code. The Committee shall offer a system of review, guidance and
counselling concerning the proper manner in which to achieve the highest level of integrity
XV.
RECRUITMENT AND EMPLOYMENT PRACTICES
Company Managers must make sure that they comply with all occupational health and
safety laws and provide good and safe working conditions Company Managers must ensure that
the dignity and individuality of every Team Member is respected. The privacy and confidentiality
of employee records will be safeguarded. The Company endeavours to provide, equality of
opportunity and treatment for all its employees on the basis of merit and ability, in the fields of
recruitment, training, promotion, transfer, benefits and discipline, and will not discriminate or
harass on the basis of race, sex, religion, colour, ancestry, national origin, handicap status and age.
XVI.
RESPONSIBILITY FOR APPLICATION OF THIS CODE OF CONDUCT
AND ETHICS
This Code is not intended to be a comprehensive rulebook and cannot address every
situation that employees may face. Company Managers are strictly accountable for the application
of this Code of Conduct and Ethics within the operation/ business unit/ department. Company
Managers will contact their reporting heads whenever they are in any doubt about any part of this
Code. They are responsible for soliciting from their reporting heads any training or other support
that they deem necessary for the application of this Code.
XVII. ENVIRONMENTAL COMPLIANCE
It is our policy to conduct business in an environmentally friendly manner that has the least
amount of negative influence on the environment. We are dedicated to reducing and, where
possible, eliminating the use of any substance or material that may harm the environment, reducing
hazardous waste generation and disposing of all waste in safe and responsible ways, reducing
environmental risks by employing safe technologies and operating procedures, and being prepared
to respond appropriately to accidents and emergencies. Environmental law violations are
punishable by both monetary fines and jail. Employees are expected to follow all applicable
environmental regulations.
XVIII. POLITICAL PARTY PARTICIPATION
Employees are generally discouraged from engaging in political activities that could bring the
Organization into disrepute. Employees have the right to express their political beliefs as long as
the views expressed are solely their own and do not involve the Organization. During paid
Organization time, the employee will avoid any affiliation with or action related to a political party.
We do not contribute to political parties at any level of government as a general rule.
OUR ADVOCACY
“The Seascape Inn Resort” that aims to provides an excitement and happiness to all its
visitors and customers will also consider environmental awareness. Environment is not just a
simple thing to ignore and waste, it is one of the most important aspects in our lives that we need
to protect and conserve. That's why “The Seascape Inn Resort” advocates Environmental
Protection and Conservation. The resort is committed to reducing negative environmental
impact, with some of the eco-friendly initiatives including the implementation of recycled, local
and refillable products, and proper waste segregation. Also, no plastic or disposable items in the
rooms, drinking water is served in glass bottles, and reusable bamboo straws are used to serve
drinks. And we will include the implementation and signage on how visitors or customers can
reduce their environmental impact.
We will continuously improve the quality of environmental management by providing
innovative solutions and initiatives on conservation, pollution control, waste management, and
protection on environment towards environmental stewardship and sustainable development.
THE SEASCAPE INN RESORT OUTREACH PROGRAMS
Tree Maintenance
Trees absorb CO2 and other potentially dangerous gases from the air, as well as creating
an ecosystem that provides habitat and food for birds and other creatures. We take care of our trees
at The Seascape Inn Resort since they are home to a variety of exotic fauna.
Cleaning up the Beach
To aid in its conservation, we actively participate in the preservation and cleaning up of
the beach as well as the ocean. Clean Up schedules are available at the Front Desk if you want to
join us.
Garbage Collection Management
For proper garbage disposal, color-coded garbage bins are installed around the resort. A
healthy atmosphere is one that is clean.
Single-Use Plastic Consumption Reduction
Every year, an additional eight million tons of plastic are poured into the world's oceans,
causing the deaths of marine species. The use of plastic in the tourism industry might contribute
greatly to the ever-growing problem because most tourism activities take place in coastal regions
and beaches, which the Philippines has in abundance. The increased plastic waste generated as a
result of the COVID-19 pandemic response, which was done in the interest of people's health and
safety, exacerbated the problem.
Desalination of water
The development of a desalination plant is in the works to provide the island with a
drought-resistant, alternative water supply.
Discovery Scouts
They are a group of young people that are interested in Our Kids Program is aimed at
instilling in children a passion for Mother Nature. The Tree House's afternoon activities begin at
4 p.m. every day.
Marine Protected Sanctuary
We're the Sea Guardians, and we're here to protect the seas. The health and conservation
of our marine ecology are protected by protecting the island's surrounding waters from illegal
fishing and caring for our reef.