In line with FEU’s (the University) mission of nurturing a service-oriented and environment-conscious community, an integrated outreach program responsive to the needs of the undeserved population becomes part of a long commitment of the University.

The University classified the major community extension services programs under three categories: The Blossom Month; Sustaining the Four Flagship Programs; and Innovations.

Far Eastern University, Inc., (FEU) considers risk management fundamental to good management practice and an important aspect of corporate governance. It recognizes that the effective management of risk contributes significantly to the achievement of the university’s strategic and operational goals and objectives.

FEU Risk Management framework consist of the following process:

• Establish the context
• Risk identification
• Risk analysis
• Risk evaluation and response
• Monitoring and review
• Communication and consultation

The Board of Trustees, through its Risk Management Committee, has oversight responsibility over company-wide risk management policies and practices.

Policy Principles are as follows:

The mission of Internal Audit is to deliver an independent assurance and consulting services that will help FEU Group minimize risks, improve process quality and enhance operational effectiveness.

The Internal Audit Department reports functionally to the Audit Committee of the Board of Trustees and administratively to the Chairman of the Board of Trustees.

Annually, Internal Audit prepares an audit plan which is approved by the Audit Committee. The Internal Audit conducts its activities based on guidance from The Institute of Internal Auditors' International Professional Practices Framework including the Code of Ethics. All internal auditors apply and uphold the following principles under the Code of Ethics

• Integrity
• Objectivity
• Confidentiality
• Competency