BOARD COMMITTEES
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.
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 Corporationโs 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, majorioty of whom are independent directors, including its Chairman. Its duties include financial reporting, internal and external audit.
| Director | Designation |
|---|---|
| Rex Maria A. Mendoza | Chairman |
| Jessie D. Cabaluna | Member |
| Cassandra Lianne S. Yap | Member |
RISK MANAGEMENT AND RELATED PARTY TRANSACTIONS COMMITTEE
The Risk Management and Related Party Transactions Committee is composed of three directors, majority of whom are independent directors. The committee is tasked to assist the Board in its oversight function in relation to risk management and to review all the 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.
| Director | Designation |
|---|---|
| Jessie D. Cabaluna | Chairman |
| Rex Maria A. Mendoza | Member |
| Cassandra Lianne S. Yap | Member |
CORPORATE GOVERNANCE AND NOMINATION COMMITTEE
The CGNC consists of three members, all of whom are independent directors. The committee oversees all corporate governance related matters, and the nomination and election of the Corporationโs directors.
| Director | Designation |
|---|---|
| Cassandra Lianne S. Yap | Chairman |
| Rex Maria A. Mendoza | Member |
| Jessie D. Cabaluna | Member |
PERSONNEL AND COMPENSATION COMMITTEE
The Personnel and Compensation Committee is composed of three members, majority of whom are independent directors. The committee is responsible for all matters pertaining to board, management and overall company remuneration.
| Director | Designation |
|---|---|
| Cassandra Lianne S. Yap | Chairman |
| Robert S. Lao | Member |
| Rex Maria A. Mendoza | Member |
SUSTAINABILITY COMMITTEE
The Sustainability Committee is composed of three directors, with at least one independent director. The committee oversees the Companyโs sustainability initiatives and practices.
| Director | Designation |
|---|---|
| Robert S. Lao | Chairman |
| Jessie D. Cabaluna | Member |
| Rex Maria A. Mendoza | Member |
