GOOD GOVERNANCE

GlobeTM 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 its stakeholders.

MANUAL OF CORPORATE GOVERNANCE

The Company's Manual of Corporate Governance supplements and complements the Articles of Incorporation and By-Laws by setting forth the principles of good and transparent governance. In 2009, the Company commissioned a review of the manual to update and improve it. This review was completed in February 2010 and new provisions have been incorporated in the manual to conform with SEC Memorandum Circular No. 6, Series of 2009, Revised Code of Corporate Governance, and SEC Memorandum Circular No. 9, series of 2014, The Board Committee Charters were also revisited to align with the Company's revised Manual of Corporate Governance.