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Board Committees

Board Committees

Executive Committee

The Executive Committee is empowered to exercise the powers of the Board in the management of the business and affairs of the Corporation except with respect to the approval of any action for which stockholders’ approval is also required.

Executive Committee

Raul Joseph A. Concepcion, CIC Chairman and CEO

Raul Joseph A. Concepcion

Chairman & CEO

Renna C. Hechanova-Angeles, Vice Chairman & Treasurer

Renna C. Hechanova-Angeles

Vice Chairman & Treasurer

Raul Anthony A. Concepcion, Vice Chairman

Raul Anthony A. Concepcion

Vice Chairman

Non-Director Members

Rafael C. Hechanova, Jr., Chief Communications Officer

Rafael C. Hechanova, Jr.

Chief Communications Officer

Ma. Victoria A. Betita, Chief Strategy and Transformation Officer

Ma. Victoria A. Betita

Chief Strategy and Transformation Officer

Harold Thomas Pernikar, Jr., Chief Growth Officer, New Ventures

Harold Thomas Pernikar, Jr.

Chief Growth Officer
New Ventures

Merril Yu, Chief Experience Officer

Merril Francis Yu

Chief Experience Officer

Michael Hansson, General Manager Smart Technology

Michael Hansson

Chief Product Officer
Smart Technology

Richard L. Parcia, Chief Information Officer

Richard L. Parcia

Chief Information Officer

Rajan Komarasu, CIC (Carrier Philippines) Chief Finance & Operating Officer

Rajan Komarasu

Chief Finance and Operating Officer

Alexander T. Villanueva, General Manager, Product Solutions and Integrated Logistics

Alexander T. Villanueva

Division President
Product Solutions Division

Philip F. Trapaga, Managing Director, Concepcion-Carrier Air Conditioning Company

Philip F. Trapaga

General Manager
CMI

Michael Eric I. Sarmiento, General Manager, Concepcion Business Services, Inc.

Michael Eric I. Sarmiento

Division President
CBSI

Board Committees

Audit and Risk Oversight Committee

The Audit and Risk Oversight Committee is responsible for overseeing senior management in establishing and maintaining an adequate, effective and efficient internal control framework, and that effective and adequate financial reporting, internal and external audit, monitoring and compliance systems and processes are established and maintained.

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Chairman

Alfredo E. Pascual, Independent Director

Alfredo E. Pascual

Independent Member

Members

Cesar A. Buenaventura, Independent Director

Cesar A. Buenaventura

Independent Member

Raissa C. Hechanova - Posadas, CIC Director

Raissa C. Hechanova-Posadas

Ma. Victoria Herminia C. Young, Director

Ma. Victoria Hermina A. Concepcion-Young

Justo A. Ortiz, Independent Director

Justo A. Ortiz

Board Committees

Compensation and Remuneration Committee

The Compensation and Remuneration Committee provides oversight on directors’ compensation and remuneration of senior management and other key personnel, ensuring that compensation scheme is consistent with the Company’s culture and strategy, effectively aligned with prudent risk taking and commensurate with corporate and individual performance. It also ensures consistency of the compensation policies and practices across the Group.

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Chairman

Cesar A. Buenaventura, Independent Director

Cesar A. Buenaventura

Independent Member

Members

Alfredo E. Pascual, Independent Director

Alfredo E. Pascual

Independent Member

Jose Maria A. Concepcion - CIC Director

Jose Ma. A. Concepcion

Board Committees

Corporate Governance and Nominations Committee

The Corporate Governance and Nominations Committee shall assist the Board in the performance of its corporate governance responsibilities, ensuring compliance with and proper observance of corporate governance principles and practices. In terms of its nominations functions, it shall (1) formulate screening policies to enable the committee to effectively review the qualification of the nominees for directors and independent directors, and (2) conduct nominations for independent directors prior to the stockholders’ meeting in accordance with the procedures set forth in Rule 38 of the Amended Implementing Rules and Regulations of the SRC, as the same may be amended from time to time.

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Chairman

Cesar A. Buenaventura, Independent Director

Cesar A. Buenaventura

Independent Member

Members

Alfredo E. Pascual, Independent Director

Alfredo E. Pascual

Independent Member

Raul Joseph A. Concepcion, CIC Chairman and CEO

Raul Joseph Concepcion

Renna C. Hechanova - Angeles, Vice Chairman & Treasurer

Renna C. Hechanova-Angeles

Justo A. Ortiz, Independent Director

Justo A. Ortiz

Board Committees

Strategy and Investments Committee

The Strategy and Investments Committee is responsible for assisting the Board in the effective discharge of its responsibilities concerning the Company’s investment policies and strategies, with emphasis on the following areas: (a) To review, assess and recommend to the Board the execution of major investments in new business opportunities within and outside of the Company’s core business and the mechanism and form for undertaking such ventures through means such as mergers, acquisitions, joint ventures or wholly-owned subsidiaries; and (b) To provide guidance to Management in the identification, consideration, review analysis and selection, negotiation.

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Disclosures Investor Relations

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