The Committees and their Functions

 

Audit Committee

Responsible for the company’s financial integrity by ensuring that the operations of the company have been conducted properly and its books are kept well organized. This helps establish policies and guidelines related to the budget of the corporation, financial reporting, internal and external auditing procedures and practices, and so on.

It also oversees certain areas of internal control, risk management, information disclosure, and reporting.

MEMBERS:

• Avelino L. Zapanta –  Chairman
• Ricardo G. Golpeo
• Benjamin J. Yambao

Nominations Committee

Responsible for evaluating and nominating qualified candidates to the Board of Directors by screening and shortlisting them based on set criteria prior to recommendation.

MEMBERS:

• Mr. Edgardo S. Montesclaros –  Chairman
• Mr. Ricardo G. Golpeo
• Mr. Benjamin J. Yambao
  

Remuneration Committee

Ensures that remuneration arrangements support the strategic aims of the business and facilitate the recruitment, motivation and retention of officers and Directors while complying with the provisions of regulation and governing bodies, satisfying the expectations of shareholders and remaining consistent with the expectations of the wider employee population.

MEMBERS:

• Mr. Avelino L. Zapanta
• Mr. Panfilo P. dela Paz