Board of Committees
Corporate Governance Committee
The Company’s Corporate Governance Committee is tasked to assist the Board in the performance of its corporate governance responsibilities. It shall oversee the implementation and periodic review of the corporate governance framework, oversee periodic performance evaluation of the Board, recommend continuing relevant education/training programs for directors, assignment of tasks/projects to board committees, succession plan for the board members and senior officers, and remuneration packages for corporate and individual performance, determine the nomination and election process for the Corporation’s directors and the general profile of board members, and ensure that the nomination and election policy and procedures are conducted properly.
It is composed of at least three (3) members, two of whom are independent directors, including the Chairman.
Its Members are:
- Jesli A. Lapus (Independent Director) – Chairman
- Anthony T. Robles (Independent Director)
- Enrique M. Soriano III (Independent Director)
Board Risk Oversight Committee
The Company’s Board Risk Oversight Committee is responsible for the oversight of the Corporation’s Enterprise Risk Management system to ensure its functionality and effectiveness. It shall develop, oversee the implementation, and evaluate a formal enterprise risk management plan, advise the Board on its risk appetite levels and risk tolerance limits, and provide oversight over Management’s activities in managing credit, market, liquidity, operational, legal and other risk exposures of the corporation.
It is composed of at least three (3) members of the Board, the majority of whom should be independent directors, including the Chairman. The Chairman should not be the Chairman of the Board or of any other committee.
Its Members are:
- Enrique M. Soriano III (Independent Director) – Chairman
- Anthony T. Robles (Independent Director)
- Kevin Andrew L. Tan
Audit Committee
The Company’s Audit Committee has oversight capability over the Corporation’s financial reporting, internal control system, internal and external audit processes, and compliance with applicable laws and regulations. It is responsible for assessing the integrity and independence of external auditors. It monitors and evaluates the adequacy and effectiveness of the Corporation's internal control system including financial reporting control and information technology security, and review the reports submitted by the internal and external auditors.
It is composed of at least three (3) members of the Board who shall preferably have accounting, auditing, and finance backgrounds, majority of whom shall be independent directors and another with audit experience. The chair of the Audit Committee shall be an Independent Director.
Its Members are:
- Anthony T. Robles (Independent Director) - Chairman
- Enrique M. Soriano III (Independent Director)
- Andrew L. Tan
Related Party Transaction Committee
The Company’s Related Party Transaction Committee is tasked with reviewing all material related party transactions of the Corporation. It evaluates on an ongoing basis existing relations between and among business and counterparties, ensures that appropriate disclosure is made, and/or information is provided to regulating and supervising authorities relating to the Corporation’s RPT exposures, and policies on conflicts of interest or potential conflicts of interest, ensures that transactions with related parties, including write-off of exposures are subject to a periodic independent review or audit process and oversees the implementation of the system for identifying, monitoring, measuring, controlling, and reporting RPTs, including a periodic review of RPT policies and procedures.
The Committee is composed of at least three directors, two of whom should be independent, including the Chairman.
Its members are:
- Jesli A. Lapus (Independent Director) – Chairman
- Anthony T. Robles (Independent Director)
- Andrew L. Tan