Values and Policies

The board of directors has developed standards and determinants that establish the company ethical concepts and standards, while, the executive management is assigned to apply the company goals in accordance with such standards and determinants.

PHNX related parties transactions policy outlines the guiding principles on dealing with and managing transaction with related parties. The board guarantees that all transactions with related parties are reviewed and are sound.

The board has a developed a conflict of Interests policy to ensure the board of directors are dealing with cases of conflicts of interests by taking all decisions in the interests of the company.