Board Committees
The Board of Committees plays a critical role in overseeing the governance and management of SBS. Our committees are comprised of experienced directors who bring a diverse range of skills and perspectives to the table. Each committee is responsible for reviewing specific aspects of the company's operations and making recommendations to the full board. Through this system of checks and balances, we strive to ensure the highest levels of transparency, accountability, and ethical behavior.
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Executive Committee
The Board established an Executive Committee to assist with its responsibilities. The Executive Committee may act on corporate matters within the competence of the Board, except for the following authorities specifically reserved for the Board: (a) Approval of any action requiring shareholder approval; (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.
The following are the members of the Executive Committee:
Gerry D. Tan
Esmeraldo A. Tepace
Aylene Y. Sytengco
Necisto Y. Sytengco II
Lali Y. Sytengco
Audit and Risk Oversight Committee
To assist the Board in fulfilling its oversight responsibilities for the financial reporting process, enterprise risk management an system of internal control, the audit process, and the
company's process for monitoring compliance with laws and regulations.
- Download:Revised Audit And Risk Oversight Committee Charter 17 Dec 2024
- Download:SBS Audit and Risk Oversight Committee Charter Amended 2022
- Download:SBS Audit and Risk Oversight Committee Charter Amended 2020
- Download: Audit,Risk Oversight and Related Party Transaction Committee Charter
- Download: Information on ARO Committee Members
- Download: 2023 Summary of Meeting Attendance of ARO Committee
The members of the Audit and Risk Oversight Committee are as follows:
Helen T. de Guzman
Roberto F. Anonas, Jr.
Geocel D. Olanday
Corporate Governance Committee and Sustainability Committee
The Corporate Governance Committee assist the Board in the performance of its corporate governance responsibilities. The committee is tasked with ensuring compliance with and proper observance of corporate governance principles and practices.
- Download: Corporate Governance Nomination and Remuneration Committee Charter
- Download: Information on Corporate Governance Committee Members
- Download: SBS Corporate Governance Committee Terms of Reference Amended 2021
- Download: SBS Phils Corp Corporate Governance and Ethics Committee Charter Amended 2022
- Download: Corporate Governance and Sustainability Committee Charter 2023
- Download: Background Information on Corporate Governance and Sustainability Committee Members 2023
- Download: 2023 Summary of Meeting Attendance of CGS Committee
The members of the Corporate Governance Committee are as follows:
Geocel D. Olanday
Roberto F. Anonas, Jr.
Helen T. de Guzman
Necisto Y. Sytengco II
Esmeraldo A. Tepace
Related Party Transaction Committee
To assist the Board in fulfilling its oversight responsibilities in the implementation and review of the Related Party Transaction policy of the Corporation for internal control purposes and in compliance with laws and regulations.
- Downloads : Revised Related Party Transaction Committee Charter 17 Dec 2024
- Downloads : SBS Related Party Transaction Committee Charter 2020
- Downloads : Information on RPT Committee Members
- Downloads : 2023 Summary of Meeting Attendance of RPT Committee
The members of the Related Party Transaction Committee are as follows:
Roberto F. Anonas, Jr.
Helen T. De Guzman
Geocel D. Olanday
Nomination and Remuneration Committee
Nomination and Remuneration Committee
The Nomination and Remuneration Committee supports and advises the Board in ensuring that it is comprised of individuals who are the best able to discharge the duties and responsibilities of Directors and that the Company has the appropriate nomination and remuneration standards and practices in place.
The members of the Nomination and Remuneration Committee are as follows:
Ricardo Nicanor N. Jacinto
Necisto Y. Sytengco II
Aylene Y. Sytengco
Geocel D. Olanday
Finance and Investment Committee
Finance and Investment Committee
The Finance and Investment Committee assists the Board in the performance of its oversight function to ensure that: (a) all projects and investment proposals and their funding requirements are consistent with the business strategy of the Corporation;(b) are within approved policies and budgets for said projects; and (c) major financing initiatives and proposals are reviewed prior to submission to the Board for securing Board approval and subsequently monitored on behalf of the Board.
The members of the Finance and Investment Committee are as follows:
Aylene Y. Sytengco
Necisto Y. Sytengco II
Gerry D. Tan
Robert F. Anonas, Jr.
