San Miguel Food and Beverage Inc.

had established a long-term goal of strengthening and solidifying

their position as a leading food and beverage company in the Philippines. In achieving these goals, the
corporate management can rely on their financial management policy and procedure to stabilize their
financial goal system as the corporate environment changes and there is a shift in power and influence.
These policies and procedures help the company to attain the balance within the corporate environment
by performing their duties in monitoring the daily operations, risk assessment, evaluating and analyzing
the programs and operations within the company. These duties help the company’s corporate
management to assess the risk that could potentially damage the future operation of the company and
also helps in finding out the result of the company’s objectives and goals whether there is consistency or
none. Moreover, in ensuring the stability of the company, the management conducts a review before
approving the financial statements that will be submitted to the Board of Directors to ensure the
provided information to avoid conflict and problems within the management to create a healthy
corporate management system and to achieve the desired position of the company in the food and
beverage industry.