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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 2022 Committee Meetings (Attended/Held)
Raul Joseph A. Concepcion
Chairman and CEO
8/8
Renna C. Hechanova-Angeles
Vice Chairman & Treasurer
8/8
Raul Anthony A. Concepcion
Vice Chairman
8/8
Raul Joseph A. Concepcion
Chairman and CEO
2022 Committee Meetings (Attended/Held)
8/8
Renna C. Hechanova-Angeles
Vice Chairman & Treasurer
2022 Committee Meetings (Attended/Held)
8/8
Raul Anthony A. Concepcion
Vice Chairman
2022 Committee Meetings (Attended/Held)
8/8
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.

Audit and Risk Oversight Committee 2023 Committee Meetings (Attended/Held)
Luis Y. Benitez, Jr.*
Independent Director
Committee Chairman
4/4
Cesar A. Buenaventura
Independent Director
Committee Member
3/4
Raissa C. Hechanova-Posadas
Director
Committee Member
4/4
Ma. Victoria Herminia C. Young
Director
Committee Member
3/4
Justo A. Ortiz
Independent Director
Committee Member
3/4
Luis Y. Benitez, Jr.*
Independent Director
Committee Chairman
2023 Committee Meetings (Attended/Held)
4/4
Cesar A. Buenaventura
Independent Director
Committee Member
2023 Committee Meetings (Attended/Held)
3/4
Raissa C. Hechanova-Posadas
Director
Committee Member
2023 Committee Meetings (Attended/Held)
4/4
Ma. Victoria Herminia C. Young
Director
Committee Member
2023 Committee Meetings (Attended/Held)
3/4
Justo A. Ortiz
Independent Director
Committee Member
2023 Committee Meetings (Attended/Held)
3/4
*Appointed on October 26, 2022
**Resigned from the Board and Committee effective June 30, 2022 due to his appointment as Secretary of Trade and Industry in the cabinet of President Ferdinand R. Marcos, Jr.
Board Committees

Corporate Governance, Nominations and Remuneration Committee

The Corporate Governance, Nominations, and Remuneration 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.

Corporate Governance, Nominations and Remuneration Committee 2023 Committee Meetings (Attended/Held)
Cesar A. Buenaventura
Independent Director
Committee Chairman
3/3
Raul Joseph Concepcion
Chairman and CEO
Committee Member
3/3
Renna C. Hechanova-Angeles
Vice Chairman & Treasurer
Committee Member
3/3
Justo A. Ortiz
Independent Director
Committee Member
1/3
Luis Y. Benitez, Jr.*
Independent Director
Committee Member
3/3
Cesar A. Buenaventura
Independent Director
Committee Chairman
2023 Committee Meetings (Attended/Held)
3/3
Raul Joseph Concepcion
Chairman and CEO
Committee Member
2023 Committee Meetings (Attended/Held)
3/3
Renna C. Hechanova-Angeles
Vice Chairman & Treasurer
Committee Member
2023 Committee Meetings (Attended/Held)
3/3
Justo A. Ortiz
Independent Director
Committee Member
2023 Committee Meetings (Attended/Held)
1/3
Luis Y. Benitez, Jr.*
Independent Director
Committee Member
2023 Committee Meetings (Attended/Held)
3/3
*Appointed on October 26, 2022
**Resigned from the Board and Committee effective June 30, 2022 due to his appointment as Secretary of Trade and Industry in the cabinet of President Ferdinand R. Marcos, Jr.
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.

Strategy and Investments Committee 2023 Committee Meetings (Attended/Held)
Justo A. Ortiz
Independent Director
Committee Chairman
4/4
Ma. Victoria Herminia C. Young
Director
Committee Member
4/4
Raissa C. Hechanova-Posadas
Director
Committee Member
4/4
Justo A. Ortiz
Independent Director
Committee Chairman
2023 Committee Meetings (Attended/Held)
4/4
Ma. Victoria Herminia C. Young
Director
Committee Member
2023 Committee Meetings (Attended/Held)
4/4
Raissa C. Hechanova-Posadas
Director
Committee Member
2023 Committee Meetings (Attended/Held)
4/4
Disclosures Investor Relations

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