Board Committees

To further comply with the leading practices on good Corporate Governance, the Company, through its Board of Director, adopted and approved its Charters of the Audit Committee, Nominations Committee and Compensation Committee.

The Nominations Committee was constituted to accept and to pre-screen nominees for election as independent directors conformably with the criteria prescribed under existing SEC rules and the Company’s Code of Corporate Governance; to prepare and to make available to the SEC and the stockholders before the stockholders’ meeting a final list of candidates; to establish a formal and transparent procedure for developing a policy on executive remuneration, and for fixing the remuneration packages of corporate officers and directors.

Executive Committee
Chairman: Teofilo A. Henson
Members: Augusto Antonio C. Serafica, Jr.
  Raul Ma. F. Anonas
  Siso M. Lao
Secretary: Atty. Stephen E. Cascolan

 

Audit Committee
Chairman: Ignatius F. Yenko (Independent Director)
Members: Augusto Antonio C. Serafica, Jr.
  Samuel O. Occeña, Jr. (Independent Director)
  Teofilo A. Henson

 

Nominations Committee
Chairman: Siso M. Lao
Members: Teofilo A. Henson
  Augusto Antonio C. Serafica, Jr.

 

Compensations Committee
Chairman: Ignatius F. Yenko (Independent Director)
Members: Teofilo A. Henson
  Siso M. Lao