Corporate Code of Governance
SO-EN Garments Corporation has a long-standing reputation for quality, innovation, discipline, and strict standards in the Philippine garments industry. As we continue to grow and expand our distribution channels, we remain committed to delivering quality garments that delight and exceed the expectations of Filipinos globally. Our vision is to represent unyielding quality and be at the forefront of textile innovation in the industry.
To achieve this vision, SO-EN Garments Corporation places a strong emphasis on corporate governance. We believe in conducting our business with the highest standards of ethics and integrity, and we are committed to creating a culture of compliance, transparency, and accountability. Our Corporate Code of Governance is a testament to this commitment, outlining our values, principles, and standards of behavior that guide our decision-making and actions.
With more than 300 direct outlets, a growing online and social media presence, over 1000 wholesale customers across Luzon, Visayas, and Mindanao, and exports to the United States, Canada, and the Middle East, we recognize the importance of building long-term partnerships with our suppliers, retail partners, and customers. These partnerships are built on trust, mutual respect, and a shared commitment to outstanding quality. As we continue to strengthen our production techniques and modernize our machinery and R&D, we are confident that we will continue to lead the way in the Philippine garments industry.
"Good corporate governance is about 'intellectual honesty' and not just sticking to rules and regulations. Capital flows towards companies that have good governance practices and shun those that do not." – Mervyn King, Economist and Author
Quality Testing and Assurance
At SO-EN Garments Corporation, we place significant emphasis on Quality Testing and Assurance as a core element of our Code of Corporate Governance. This commitment ensures that our products and services consistently meet and exceed the expectations of our customers and stakeholders. By integrating robust testing and assurance processes throughout our organization, we not only maintain the highest quality standards but also foster a culture of continuous improvement, adaptability, and resilience.
Our Quality Testing and Assurance framework incorporates a systematic approach to evaluating the performance, safety, and reliability of our products and services. By conducting rigorous testing at each stage of the development lifecycle, we can identify potential issues and defects early on, allowing us to address them before they impact our customers. This proactive approach to quality management enables us to deliver exceptional value to our stakeholders while minimizing risks and maintaining regulatory compliance.
Our dedicated Quality Assurance team is responsible for overseeing and implementing our quality management processes. This team of skilled professionals works closely with all departments, from product development and manufacturing to sales and customer service, ensuring a holistic approach to quality management. By fostering strong communication and collaboration, we can address quality-related challenges effectively and efficiently, ensuring the seamless integration of quality assurance practices throughout our organization.
As part of our commitment to continuous improvement, we regularly review and update our Quality Testing and Assurance processes, incorporating industry best practices and the latest technological advancements. This ongoing investment in our quality management systems demonstrates our dedication to upholding the highest standards of excellence and reinforces our position as a trusted and respected leader in our industry. Our steadfast commitment to Quality Testing and Assurance is a vital component of our Code of Corporate Governance, reflecting our dedication to creating long-term value for our stakeholders and delivering exceptional products and services.
"The aim of testing is to discover errors, not to prove correctness." - Donald Knuth, Creator of the TeX computer system
Risk Management and Internal Control
At SO-EN Garments Corporation, we place a high priority on risk management and internal control to ensure the stability and sustainability of our business operations. Our Risk Management Committee is responsible for identifying, assessing, and mitigating risks that may affect our business, while our Internal Control Committee is responsible for ensuring that our operations comply with legal and regulatory requirements and that our financial reporting is accurate and reliable.
Our Risk Management Committee is composed of senior executives from across our organization, and they are tasked with identifying potential risks to our business operations, analyzing their impact, and developing strategies to mitigate or manage those risks. This committee meets regularly to review and assess our risk management strategies, ensuring that they are up-to-date and effective in light of changing market conditions and emerging risks.
Our Internal Control Committee is similarly composed of senior executives from across our organization, and they are responsible for overseeing our internal control systems to ensure that we comply with legal and regulatory requirements and that our financial reporting is accurate and reliable. This committee also meets regularly to review and assess our internal control systems, ensuring that they are effective and efficient in safeguarding our assets and maintaining the integrity of our financial reporting.
By maintaining effective risk management and internal control systems, we are able to identify and address potential risks to our business operations, ensure compliance with legal and regulatory requirements, and maintain the trust and confidence of our stakeholders. At SO-EN Garments Corporation, we are committed to continuous improvement in our risk management and internal control systems, and we believe that these efforts are essential to our long-term success and sustainability.
"The first step in risk management is acknowledging the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning." -Jonathan Reuvid, Managing Business Risk: A Practical Guide to Protecting Your Business
Corporate Social Responsibility
At SO-EN Garments Corporation, we recognize the importance of corporate social responsibility (CSR) in contributing to the sustainable development of our communities and the environment. We are committed to operating our business in a way that minimizes our environmental impact, supports our local communities, and upholds the rights and well-being of our employees.
Through our CSR initiatives, we strive to make a positive impact on society by supporting various programs that align with our values and mission. We prioritize initiatives that focus on education, health, and community development, as well as those that promote environmental sustainability.
Our commitment to CSR extends beyond philanthropy and includes ethical business practices, responsible supply chain management, and stakeholder engagement. We are dedicated to conducting our business with integrity, transparency, and accountability, and we hold ourselves to the highest standards of ethical conduct and corporate governance.
We believe that CSR is not just a responsibility, but an opportunity to create shared value for our stakeholders and contribute to the long-term sustainability of our business and society. We will continue to integrate CSR into our business strategy and operations and strive to make a meaningful impact on the world around us.
"CSR is not just about compliance and risk management. It's about creating shared value and contributing to society in a meaningful way." Muhtar Kent, former CEO of The Coca-Cola Company