Board Committees
Executive Commitee
To assist the Board with its responsibilities, the Board established an Executive Committee who may act on corporate matters which are within the competence of the Board except the following authorities that are specially reserved for the Board: (a) approval of any action of which shareholder approval is also required; (b) amendment or repeal of By-Laws or adoption of new By-Laws; (c) approval of the annual report and accounts; (d) exercise of powers delegated by the Board to other committees; (e) board appointments and removals; (f) selection of the Chairman and President & Chief Executive Officer; nominations for Board membership following recommendations from the Nomination Committee; (g) appointment or removal of the Corporate Secretary and Treasurer; (h) appointment,reappointment or removal of the external auditor; and (i) distribution of cash dividends to shareholders.
- Download: Executive Commitee Charter
- Download: Information on Executive Committee Members
The following are the members of the Executive Committee:
Necisto U. Sytengco
Chairman | Non-Executive Director
Gerry D. Tan
Member | Executive Director
Esmeraldo Tepace
Member | Executive Director
Aylene Y. Sytengco
Member | Executive Director
Necisto Y. Sytengco II
Member | Executive Director
Audit Risk Oversight and Related Party Transaction Committee
To assist the Board in fulfilling its oversight responsibilities to shareholders and other stakeholders, the Audit and Risk Management Committee was established to monitor the integrity of the Company’s financial statements, review its internal control and risk management systems, to monitor and review the independence of the external auditor and the effectiveness of its audit process and make recommendations to the shareholder for the appointment of external auditors and the terms of their engagement.
The members of the Audit Risk Management and Related Party Transaction Committee are as follows:
Helen T. de Guzman
Chairperson | Independent Director
Geocel D. Olanday
Member | Independent Director
Roberto F. Anonas, Jr.
Member | Independent Director
Ricardo Nicanor N. Jacinto
Member | Non-Executive Director
Aylene Y. Sytengco
Member | Executive Director
Corporate Governance Nomination and Remuneration Committee
The Corporate Governance Nomination and Remuneration Committee evaluates the qualifications of all persons nominated for election of the Board of Directors in accordance with the requirements of the Company’s By-Laws, Manual of Corporate Governance and applicable legal and regulatory listing requirements. The Committee also coordinates the annual evaluation of the effectiveness of the Board and develops and recommends policies on corporate governance.
The members of the Corporate Governance, Nomination and Renumeration Committee are as follows:
Roberto F. Anonas, Jr.
Chairman | Independent Director
Geocel D. Olanday
Member | Independent Director
Helen T. de Guzman
Member | Independent Director
Ricardo Nicanor N. Jacinto
Ex-Officio | Non-Voting Member | Non-Executive Director