Committees

AUDIT COMMITTEE

The Audit Committee shall enhance the Board’s oversight capability over the company’s financial reporting, internal control system, internal and external audit processes, and compliance with applicable laws and regulations. It shall be responsible for the setting up of the Internal Audit Department and for the appointment of the Internal Auditor as well as the independent external auditor who shall both report directly to the Audit Committee. It shall monitor and evaluate the adequacy and effectiveness of the internal control system. Further, the Audit Committee shall have explicit authority to investigate any matter within its terms of reference, full access to and cooperation by management and full discretion to invite any director or executive officer to attend meetings, and adequate resources to enable it to effectively discharge its functions.

• Chairperson:
  Atty. Alfred S. Jacinto
• Members:
  Jesus G. Chua
  Bryan C. Lim

BOARD RISK OVERSIGHT COMMITTEE

The Board Risk Oversight Committee is responsible for the oversight of a company’s Enterprise Risk Management system to ensure its functionality and effectiveness.

• Chairperson:
  Bryan C. Lim
• Members:
  Michael C. Cosiquien
  Martin V. Cu

CORPORATE GOVERNANCE COMMITTEE

The Corporate Governance Committee is tasked to assist the Board in the performance of its corporate governance responsibilities, including the functions that were formerly assigned to the nomination and remuneration committee.

• Chairperson:
  Martin V. Cu
• Members:
  Bryan C. Lim
  Atty. Alfred S. Jacinto

RELATED PARTIES TRANSACTIONS COMMITTEE

The Related Party Transactions Committee is tasked with reviewing all material related party transactions of the company.

• Chairperson:
  Martin V. Cu
• Members:
  Philip C. Mataragnon
  Atty. Alfred S. Jacinto