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THE DIRECTOR
Corporation Finance Department
Securities and Exchange Commission
EDSA
Mandaluyong City
We are pleased to submit the accomplished Corporate Governance (CG) Survey for publicly-
listed companies pursuant to SEC Memorandum Circular No. 2 dated 09 August 2007.
COMPANY INFORMATION
Organization Name
SWIFT FOODS, INC.
Address
nd
2 FLOOR RFM BLDG., CORNER PIONEER AND SHERIDAN STREETS, MANDALUYONG CITY
Contact Person
MS. SUSAN A. KALALO
Designation
SENIOR VICE-PRESIDENT
Telephone number
(02) 631-8101 ; (02) 638-8502
Fax number
(02) 631-5069
Email address
sakalalo@gmail.com
ATTESTATION:
I attest that, to the best of my knowledge, all information in this assessment is accurate and
truthful, and that all supporting documents are adequately provided.
Sample:
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company offer other
1 ownership rights beyond Paragraph 2, Page 25, 2006 Annual Report
voting?
IMPORTANT NOTE: For validation purposes, please submit a copy of all documents used in the Self Assessment.
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company offer other
1 ownership rights beyond Section 6, Page 13, Corporate Governance Manual
voting?
Is the decision on the director Director per diem is determined
Section VIII, Amended By-Laws,
2 per diems approved by the by the Compensation Committee
Section 2.2.2.2.2, Corporate Governance Manual
shareholders annually? of the Board of Directors
6
Quality of Minutes of
Shareholders' Meeting
Voting method and vote
6.1 Page 4, 2007 Definitive Information Statement
counting system
Did the Chairman of the Board Minutes of the Board Meeting dated October 11, 2006
7
attend the last two AGMs? and August 3, 2007
Did the CEO/Managing
8 Director attend at least one of Minutes of the Board Meeting dated August 3, 2007
the last two AGMs?
11
Attendance of the Board
Committee Chairs
The Chairman of the Audit
Did the Chairman of the Audit
Committee attended the last two
11.1 Committee attend the last two
AGMs but not included in the
AGMs?
Minutes
The Chairman of the
Did the Chairman of the
Compensation Committee
Compensation / Remuneration
11.2 attended the October 11, 2006
/ Governance Committee
AGM but not included in the
attend the last two AGMs?
Minutes
The Chairman of the Nomination
Did the Chairman of the
Committee attended the last two
11.3 Nomination Committee attend
AGMs but not included in the
the last two AGMs?
Minutes
12
Does the company have anti-
takeover defenses?
Do Board members
Based on direct individual
12.1 collectively own more than Page 8, 2007 Definitive Information Statement
shareholders
25% of outstanding shares?
What is the proportion of
49.78% are considered “free
12.2 outstanding shares that are Page 4, Public Ownership Report, Sept. 30, 2007
float”
considered "free float"?
Part II. EQUITABLE TREATMENT OF SHAREHOLDERS
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company offer one-
13 Page 4, 2007 Definitive Information Statement
share-one-vote?
Does the company have any
mechanism that allows minority
14 Page 4, 2007 Definitive Information Statement
shareholders to influence board
composition?
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company explicitly
25 mention the safety and Company’s Business Guiding Principles
welfare of its employees?
Does the company provide an
ESOP (Employee Share
26
Option Program), or other
long-term employee incentive
plan linked to shareholder
value creation, to employees?
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company have a
37 transparent ownership
structure
Are management’s
37.4 Page 8, 2007 Definitive Information Statement
shareholdings disclosed?
Does the company have a
38 dispersed ownership Page 4, Public Ownership Report, Sept. 30, 2007 49.78% are publicly owned
structure?
Assess the quality of the
39 Annual Report. In particular,
the following:
Business operations,
39.2 competitive position, and other Page 16-18, 2006 Management Report
non-financial matters
39.4 Basis of the Board per diems Page 15, 2007 Definitive Information Statement
39.6
Identification of Independent SEC Form 17-A Annual Report SEC,
Directors 2007 Definitive Information Statement
Self-Assessment
ITEM Survey Question Information Source Remarks
Poor Fair Good
Does the company have its
own written Corporate
Governance Manual that
50 Corporate Governance Manual
clearly describes its value
system and board
responsibilities?
Does the Board of Directors
provide code of ethics or
51 statement of business conduct
for all directors and
employees?
Does the company have a
52 corporate
vision/mission/values?
Does the PSE have any
evidence of non-compliance of
Failure to submit Financial
53 the company with PSE rules PSE Records
Statements on time
and regulations over the two
years?
Assess the quality of the Audit
54 Committee Report in the
Annual Report:
54.1 Attendance
Does the firm report board SEC Form 17- C – Attendance of Directors for 2007 &
62.1 meeting attendance of Certification on Compliance with Corporate Governance
individual directors? Manual
Thank you.