Board Matters

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 seven (7) committees namely, the Executive Committee, the Audit Committee, the Nomination 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

The Executive Committee oversees the management of the Company and is responsible for the Company’s strategies, goals, operations, finances, and policies.

Willy N. Ocier  Chairman 
Armin Antonio B. Raquel Santos  Member 

A. Bayani K. Tan 


To view the Executive Committee Charter, click here.


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.

Roman Felipe S. Reyes (ID) Chairman
Joseph C. Tan (ID) Member
Exequiel P. Villacorta, Jr. Member 
Juan Victor S. Tanjuatco (ID) Member
To view the Audit Committee Charter, click here.
To view the Attestation on the Adequacy and Effectivity of Internal Audit, Internal Control and Compliance Systems, please click here.
To view the Internal Charter, click here.



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.

Juan Victor S. Tanjuatco (ID) Chairman
Joseph C. Tan (ID) Member 
Roman Felipe S. Reyes (ID) Member

To view the Corporate Governance Committee Charter, click here.


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.

Joseph C. Tan (ID) Chairman
Juan Victor S. Tanjuatco (ID) Member
Roman Felipe S. Reyes (ID) Member
Exequiel P. Villacorta, Jr. Member 

To view the Board Risk Oversight Committee Charter, click here.


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.

Juan Victor S. Tanjuatco (ID) Chairman
Roman Felipe S. Reyes (ID) Member
A. Bayani K. Tan Member

To view the Related Party Transactions Committee Charter, click here.


Compensation and Remuneration 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.

 Juan Victor S. Tanjuatco (ID) Chairman
Armin Antonio B. Raquel Santos Member
Joseph C. Tan (ID) Member

To view the Compensation and Remuneration Committee Charter, click here.