The system of stewardship and controls to guide organizations in fulfilling their long-term economic, moral, legal and social obligations towards their stakeholders. Corporate governance is a system of direction, feedback and control using regulations, performance standards and ethical guidelines to hold the Board and senior management accountable for ensuring ethical behavior - reconciling long-term customer satisfaction with shareholder value -to the benefit of all stakeholders and society. Its purpose is to maximize the organization's long-term success, creating sustainable value for its shareholders, stakeholders and the nation.
Board of Directors
The governing body elected by the stockholders that exercises the corporate powers of a corporation, conducts all its business and controls its properties.
CHRISTOPHER T. PO
Chairman
Ricardo Gabriel T. Po, Jr.
Vice Chairman
TEODORO ALEXANDER T. PO
Vice Chairman
LEONARDO ARTHUR T. PO
Treasurer
VICENTE L. GREGORIO
President and Chief Executive Officer
LANCE Y. GOKONGWEI
Director
FERNAN VICTOR P. LUKBAN
Independent Director
FRANCES J. YU
Independent Director
PAULO L. CAMPOS III
Independent Director
Advisors to the Board
MA. PILAR P. LORENZO
Advisor
LEOPOLDO H. PRIETO, JR.
Advisor
Board of Committees
Board committees should be set up to the extent possible to support the effective performance of the Board's functions, particularly with respect to audit, risk management, related party transactions, and other key corporate governance concerns, such as nomination and remuneration. The composition, functions and responsibilities of all committees established should be contained in publicly available Committee Charters.
Audit Committee
The Audit Committee is responsible for overseeing the senior management in establishing and maintaining an adequate, effective, and efficient internal control framework. It ensures that systems and processes are designed to provide assurance in areas including reporting, monitoring compliance with laws, regulations and internal policies, efficiency and effectiveness of operations, and safeguarding of assets.
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FERNAN VICTOR P. LUKBAN
Chairman
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RICARDO GABRIEL T. PO, JR.
Member
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PAULO L. CAMPOS III
Member
Board Risk Oversight Committee
The Board Risk Oversight Committee is responsible for the oversight of the Enterprise Risk Management (“ERM”) system of the Company to ensure its functionality and effectiveness.
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FRANCES J. YU
Chairman
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FERNAN VICTOR P. LUKBAN
Member
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LANCE Y. GOKONGWEI
Member
Corporate Governance and Sustainability Committee
The Corporate Governance Committee is tasked to assist the Board of Directors of the Company in the performance of its corporate governance responsibilities, including the functions of a Nomination and Remuneration Committee.
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PAULO L. CAMPOS III
Chairman
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FERNAN VICTOR P. LUKBAN
Member
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FRANCES J. YU
Member
Related Party Transactions Committee
The purpose of the Related Party Transaction (RPT) Committee is to ensure that terms and conditions of all RPTs must be equivalent to those that prevail in arm’s length transactions and shall be subject to appropriate corporate approvals and actions of the corporation and of related parties, with the best interest of the investing public and the Corporation in mind. Any related-party transactions entered into by the Corporation or its affiliates shall be in accordance with applicable law, rules and regulations and this Policy.
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PAULO L. CAMPOS III
Chairman
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FERNAN VICTOR P. LUKBAN
Member
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RICARDO GABRIEL T. PO
Member