President's Message
Atty. Benedicta Du-Baladad Message from the President:

Benedicta Du-Baladad


To FINEX members and friends,

PRESIDENT’S REPORT
August 2017 Issue

Last July 19, Department of National Defense (DND) Undersecretary Cardozo Luna shared with us the security policies of the Duterte Administration amidst Marawi crisis and the Martial Law in Mindanao. Unfortunately, DND Secretary Delfin Lorenzana Jr. was not able to grace the event due to an emergency meeting that he has to attend.

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CODE OF ETHICS FOR THE FINANCIAL EXECUTIVE
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GUIDING PRINCIPLE

The Financial Executive holds a position of trust and confidence. This fiduciary role should be paramount consideration in his dealings, both internal and external. He must act with utmost fairness and according to the highest moral principles, consciously and consistently pursued.

RULES OF CONDUCT

1.
Loyalty to the Organizations. He should be loyal to the Organization he serves and work towards the attainment of its legitimate goals and objectives. Should he believe strongly that any goal, policy or directive of his Organization is immoral or otherwise illegal, he has an obligation to seek clarification and guidance. If his belief were to remain unshaken, within reason, he should seek to have such a guideline rectified or removed. In an extreme situation, the Financial Executive should prefer to dissociate himself from the Organization, rather than be a party, whether actively or tacitly, to a grave injustice or fraud. 
2.Keeping of Books and Records. He should fully, promptly and accurately document and reflect in the proper books and records, all business transactions of the Organization, in accordance with generally accepted accounting principles and in consonance with the Organization's relevant guidelines and policies.
3.Resource Management. He should prudently manage and conscientiously safeguard the Organization's funds and assets, accurately reflecting them in the record and allowing access and withdrawals only in accordance with established Organization's policies and procedures.
4.Conflict of Interest. He should act in the best interest of the Organization at all times, keeping himself away from situations which would tend to weaken his independence of judgment  and action. He should not only avoid the fact, but also the appearance of conflict of interest.
5.Relationship with Employees. He should act in the best interests of the Organization at all times, keeping himself away from situations which would tend to weaken his independence of judgment and action. He should not only avoid the fact, but also the appearance, of conflict of interest.
6.Compliance with Laws. He should comply with all government laws and regulations, abstaining from any action or activity which may be violative of the same.
7.Contractual Obligations. He should observe strictly the terms and conditions of existing contracts and agreements entered into by the Organization he serves with particular attention to the compliance with the financial terms and conditions of such contracts.
8.Relations with Third Parties. He should promote honesty and fairness in the Organization's relationships with its creditors, customers, suppliers, competitors and with the public at large. He should support clean, healthy competition and the free play of the market forces.
 9.Professional Development, Social and Civic Involvement. He should consciously undertake efforts to upgrade his skills as a financial executive, so that he may consistently render a high level of service to the Organization he serves. He should, likewise, widen his own perspectives by participating in building up the partnership between his Organization and the community in which it operates, and in balancing their respective interests.
 10.Moral Uprightness. While recognizing his own right to privacy, he should nevertheless conduct his private and personal life with due consideration to his position in the management hierarchy, avoiding acts which would tend to reflect adversely on the Organization or to set an improper example for employees.
  

 

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