To help focus on specific corporate governance responsibilities and to aid in the optimal performance of its roles and functions, the Board created nine (9) Committees namely Executive Committee; the Audit Committee; the Nomination Committee1, the Corporate Governance Committee; the Board Risk Oversight Committee; the Related Party Transactions Committee; the Compensation and Remuneration Committee; the Corporate Social Responsibility Committee and the Environmental and Social Committee.
 
1 the Nomination Committee was merged with the Corporate Governance Committee on April 24, 2017
 

 

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

Manuel A. Gana  -  Member

Jacinto C. Ng, Jr.  -  Member

Virginia A. Yap  -  Member

 

To view the Executive Committee Charter, click here.

Executive Committee Attendance

 

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.

Audit Committee Attendance

 

NOMINATION COMMITTEE

The Nomination Committee was in place for several years until it was merged with the Corporate Governance Committee at the Board's organizational meeting held on April 24, 2017. The Nomination Committee's role is to determine the nominees for election to the Company's Board of directors, which may be done by identifying through professional search firms or other similar mechanisms, and by recommending candidates to fill vacancies occurring between annual shareholders meetings, and to provide communications with the Board of Directors and, as appropriate, communications with shareholders and regulators.
 

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.

Nomination Committee Attendance

 

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.

NOTE: The function of the Nomination Committee was merged with the functions of the Corporate Governance Committee.
 

Washington Z. Sycip (Independent Director)  -   Chairman

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

Gregorio U. Kilayko (Independent Director)  -  Member

 

To view the Corporate Governance Committee Charter, click here.

Corporate Governance Committee Attendance

 

BOARD RISK OVERSIGHT COMMITTEE

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

NOTE: The Risk Management Committee was renamed as Board Risk Oversight Committee.
 

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

Gregorio U. Kilayko (Independent Director)  -  Member

Jacinto C. Ng, Jr.  -  Member

 

To view the Board Risk Oversight Committee Charter, click here.

Board Risk Oversight Committee Attendance

 

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.
 

Washington Z. Sycip (Independent Director)  -   Chairman

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

Gregorio U. Kilayko (Independent Director)  -  Member

 

To view the Related Party Transactions (RPT) Committee Charter, click here.

RPT Committee Attendance

 

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.
 

Jose T. Sio  -  Chairman

Manuel A. Gana  -  Member

Elizabeth Anne C. Uychaco  -  Member

 

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

Compensation and Remuneration Committee Attendance

 

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Corporate Social Responsibility Committee sets high standards for socially responsible practices for the Company. It was created to strengthen the Corporation’s commitment to social development. It aims to balance the business objectives of the Company with social good.

 

Elizabeth Anne C. Uychaco  -   Chairman

Virginia A. Yap -  Member

Gonzalo T. Duque  -  Member

 

To view the Corporate Social Responsibility Committee Charter, click here.

 

ENVIRONMENTAL AND SOCIAL COMMITTEE

The Environmental and Social Committee provides oversight of the Corporation’s efforts to protect and sustain the environment and promote the welfare of the communities it operates in. It determines environmental and social risks and evaluates their impact to Company operations.

 

Elizabeth Anne C. Uychaco  -   Chairman

Virginia A. Yap -  Member

Gonzalo T. Duque  -  Member

 

To view the Environmental and Social Committee Charter, click here.