BOARD COMMITTEES
The Board of Directors discuss company matters during Board and committee meetings to address concerns and decide on appropriate courses of action. These are duly recorded in the minutes of the meetings, copies of which are kept by the Office of the Corporate Secretary and the Office of the Chairman.
The Board of Directors discuss company matters during Board and committee meetings to address concerns and decide on appropriate courses of action. These are duly recorded in the minutes of the meetings, copies of which are kept by the Office of the Corporate Secretary and the Office of the Chairman.
The Board established six (6) committees namely, the Executive Committee, the Audit Committee, the Corporate Governance Committee, the Board Risk Oversight Committee, the Related Party Transactions Committee, and the Compensation and Remuneration Committee to support its authority in overseeing the perormance of the Company.
BOARD COMMITTEES AND MEMBERS
EXECUTIVE COMMITTEE
| Willy N. Ocier |
Chairman |
| Armin Antonio B. Raquel Santos |
Member |
| Exequiel P. Villacorta, Jr. |
Member |
AUDIT COMMITTEE
The Audit Committee is empowered by the Board to ensure the quality, accuracy, and integrity of the Company’s accounting and financial reporting systems, auditing processes, and internal controls. It also monitors the Company’s adherence to corporate governance best practices.
FROM APRIL 28, 2022 TO APRIL 24, 2023
| Maria Gracia P. Tan (ID) |
Chairman |
| Roberto V. Antonio (ID) |
Member |
| Maria Gracia P. Tan (ID) |
Member |
| Exequiel P. Villacorta, Jr. (NED) |
Member |
BEGINNING APRIL 24, 2023
| Laurito E. Serrano (ID) |
Chairman |
| Roberto V. Antonio (ID) |
Member |
| Maria Gracia P. Tan (ID) |
Member |
| Exequiel P. Villacorta, Jr. (NED) |
Member |
CORPORATE GOVERNANCE COMMITTEE
The Corporate Governance Committee reviews the Company’s continual process of good corporate governance, and provides the approach and advice for development. The Committee tasks the management to look into the evolving ASEAN Corporate Governance initiative from the regulators and advocacy groups to see what other enhancements can be properly pursued. The Committee also determines the nominees for election to the Corporation’s Board, which may be done by identifying through professional search firms or other similar mechanisms, recommends candidates to fill vacancies occurring between annual shareholder meetings and provides communication with the Board of Directors, shareholders and regulators.
FROM APRIL 28, 2022 TO APRIL 24, 2023
| Juan Victor S. Tanjuatco (ID) |
Chairman |
| Maria Gracia P. Tan (ID) |
Member |
| Roberto V. Antonio (ID) |
Member |
BEGINNING APRIL 24, 2023
| Roberto V. Antonio (ID) |
Chairman |
| Laurito E. Serrano (ID) |
Member |
| Maria Gracia P. Tan (ID) |
Member |
RISK OVERSIGHT COMMITTEE
The Risk Oversight Committee is tasked to monitor and assess the risk profile of the Company as well as implement a management program for the various types of risk that the Company and its subsidiaries are exposed to in the course of its operations.
FROM APRIL 28, 2022 TO APRIL 24, 2023
| Roberto V. Antonio (ID) |
Chairman |
| Jerry C. Tiu (ID) |
Member |
| Maria Gracia P. Tan (ID) |
Member |
| Exequiel P. Villacorta, Jr. (NED) |
Member |
BEGINNING APRIL 24, 2023
| Maria Gracia P. Tan (ID) |
Chairman |
| Roberto V. Antonio (ID) |
Member |
| Jerry C. Tiu (ID) |
Member |
| Exequiel P. Villacorta, Jr. (NED) |
Member |
RELATED PARTY TRANSACTIONS COMMITTEE
The Related Party Transactions (RPT) Committee shall assist the Board in assessing material agreements with a related party to determine whether to approve, ratify, disapprove or reject a RPT. The Committee shall take into account whether the RPT is entered into on terms favorable to the Corporation than terms generally available to an unaffiliated third party under the same or similar circumstances.
FROM APRIL 28, 2022 TO APRIL 24, 2023
| Jerry C. Tiu (ID) |
Chairman |
| Juan Victor S. Tanjuatco (ID) |
Member |
| Roberto V. Antonio (ID) |
Member |
BEGINNING APRIL 24, 2023
| Jerry C. Tiu (ID) |
Chairman |
| Roberto V. Antonio (ID) |
Member |
| Laurito E. Serrano (ID) |
Member |
COMPENSATION AND RENUMERATION COMMITTEE
The Compensation and Remuneration Committee is charged with periodically reviewing policies on salaries and benefits, promotions, and other forms of career advancement within the Company. The Committee also evaluates existing human resources policies against market developments to ensure that our policies remain relevant and supportive of the growth and development of the Company’s workforce.
FROM APRIL 28, 2022 TO APRIL 24, 2023
| Juan Victor S. Tanjuatco (ID) |
Chairman |
| Armin Antonio B. Raquel Santos |
Member |
| Jerry C. Tiu (ID) |
Member |
BEGINNING APRIL 24, 2023
| Jerry C. Tiu (ID) |
Chairman |
| Armin Antonio B. Raquel Santos |
Member |
| Laurito E. Serrano (ID) |
Member |
OTHER BOARD MATTERS
