To help focus on specific corporate governance responsibilities, the Board created seven (7) committees, namely, the Executive Committee, the Compensation and Remuneration Committee, the Nomination Committee, the Audit Committee, the Risk Management Committee, the Corporate Governance Committee and the Related Party Transactions Committee.

 

Board Committees and Members

 

Executive Committee

The Executive Committee oversees the management of the Company and is responsible for the Company’s finances, goals, and policies. Further, it is also tasked to foster the long-term success of the Company and sustain its competitiveness and profitability in a manner consistent with its corporate objectives and the best interests of its stockholders through sound strategic directions and policies, guidelines and programs that can sustain the Company’s long-term viability and strength.

Willy N. Ocier   -  Chairman

Elizabeth Anne C. Uychaco  -  Member

Frederic C. DyBuncio  -  Member

Jacinto C. Ng, Jr.  -  Member

Virginia A. Yap  -  Member

 

Compensation and Remuneration Committee

The Compensation and Remuneration Committee is tasked with the oversight of policies on salaries and benefits, as well as promotions and other forms of career advancement. The Committee also reviews existing human resource policies to ensure the continued growth and development of the Company’s workforce.
 

Gregorio U. Kilayko (Independent Director)  -  Chairman

Cesar E. A. Virata (Independent Director)  -  Member

Elizabeth Anne C. Uychaco  -  Member

 

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

 

Nomination Committee

The Nomination Committee evaluates all candidates nominated to the Board in accordance with the requirements set forth by the Company’s Revised Manual on Corporate Governance. The Committee ensures that those nominated to the Board meet all the qualifications for directorship.
 

Washington Z. Sycip (Independent Director)  -  Chairman

Cesar E. A. Virata (Independent Director)  -  Member

Gregorio U. Kilayko (Independent Director)  -  Member

 

To view the Nomination Committee Charter, click here.

 

Audit Committee

The Audit Committee directly interfaces with the internal and external auditors in the conduct of their duties and responsibilities. Its mandate includes the review of the Company’s financial reports and subsequent recommendation to the Board for approval. The Committee also reviews the Company’s internal control systems, its audit plans, auditing processes and related party transactions.
 

Gregorio U. Kilayko (Independent Director)  -  Chairman

Cesar E. A. Virata (Independent Director)  -  Member

Jacinto C. Ng, Jr.  -  Member

 

To view the Audit Committee Charter, click here.

 

Risk Management Committee

The Risk Management Committee reviews and assesses the effectiveness of the Company’s risk management system in the mitigation of financial and non-financial risks.
 

Gregorio U. Kilayko (Independent Director)  -  Chairman

Cesar E. A. Virata (Independent Director)  -  Member

Jacinto C. Ng, Jr.  -  Member

 

To view the Risk Management Committee Charter, click here.

 

Corporate Governance Committee

The Corporate Governance Committee is tasked to advise and assist the Board of Directors in performing its responsibilities with regard to corporate governance compliance in relation to the Company’s Manual of Corporate Governance, PSE’s rules on disclosures and corporate governance guidelines of the SEC. Likewise, it shall also be responsible for monitoring the trends on corporate governance and for making the appropriate recommendations to the Board of Directors.
 

Gregorio U. Kilayko (Independent Director)  -   Chairman

Cesar E. A. Virata (Independent Director) -  Member

Frederic C. DyBuncio  -  Member

 

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.
 

Cesar E. A. Virata (Independent Director)  -   Chairman

Washington Z. Sycip (Independent Director)  -  Member

Gregorio U. Kilayko (Independent Director)  -  Member