BOARD COMMITTEES
The Board has created 5 committees to assist in the performance of its
functions. Each committee has its own charter which sets out the purpose,
policies, membership, responsibilities, authority of each committee, including
procedures and reporting processes.
The Board has created 6 committees to assist in the performance of its functions. Each committee has its own charter which sets out the purpose, policies, membership, responsibilities, authority of each committee, including procedures and reporting processes.
EXECUTIVE COMMITTEE
The Executive Committee consists of three members, in accordance with the authority granted by the Board or during the absence of the Board, acts by majority vote of all its members on such matters within the competence of the Board except for specific matters as stated in its Charter or the Corporation’s By-laws.
| Director | Designation |
|---|---|
| Anna Ma. Margarita B. Dy | Chairman |
| Felipe U. Yap | Member |
| Robert S. Lao | Member |
AUDIT COMMITTEE
The Audit Committee consists of three non-executive directors, majority of whom are independent directors, including its Chairman. Its duties include financial reporting, internal and external audit.
| Director | Designation |
|---|---|
| Emilio Lolito J. Tumbocon | Chairman |
| Agustin R. Montilla IV | Member |
| Cassandra Lianne S. Yap | Member |
Risk Management, Related Party Transactions Review and Sustainability Committee
The Risk Management, Related Party Transactions Review and Sustainability Committee is composed of at least three non-executive directors, at least two of whom are independent directors. The committee is tasked to assist the Board in its oversight function in relation to risk management, to review all material related party transactions of the Corporation to ensure that the terms and conditions are fair and inure to the best interest of the shareholders, and a conscious understanding of the economic, social and environmental interdependencies to create long term value to its stakeholders.
| Director | Designation |
|---|---|
| Agustin R. Montilla IV | Chairman |
| Emilio Lolito J. Tumbocon | Member |
| Robert S. Lao | Member |
| Jaime Z. Urquijo | Member |
CORPORATE GOVERNANCE
The CG Committee consists of three members, all of whom are independent directors. The committee oversees all corporate governance-related matters.
| Director | Designation |
|---|---|
| Cassandra Lianne S. Yap | Chairman |
| Emilio Lolito J. Tumbocon | Member |
| Agustin R. Montilla IV | Member |
Nomination, Personnel and Compensation Committee
The Nomination, Personnel and Compensation Committee is composed of three members, majority of whom are independent directors. The committee is responsible for the nomination and election of directors and all matters pertaining to the board, management and company remuneration.
| Director | Designation |
|---|---|
| Cassandra Lianne S. Yap | Chairman |
| Emilio Lolito J. Tumbocon | Member |
| Robert S. Lao | Member |
