The Board of Directors shall form Board Committees to aid in ensuring compliance with the principles of good corporate governance. The members of such Committees shall be appointed by the Board of Directors annually.
Corporate Organization Chart
The Company's Board has five standing committees:
- Executive Committee;
- Nomination and Governance Committee;
- Audit and Risk Management Committee;
- Remuneration and Leadership Development Committee; and
- Finance Committee.
All committees have approved charters defining and specifying the scope of their responsibilities.
- Executive Committee (ExCom)
The ExCom may act, by majority vote of all its members, on such specific matters within the competence of the Board, as may be delegated to it in the By-Laws or on a majority vote of the Board, subject to the limitations provided by the Corporation Code of the Philippines.
See Executive Committee Charter.
The following are the members of the ExCom:
MemberDesignationManuel V. PangilinanChairmanRamon S. AngVice ChairmanManuel M. LopezMemberArtemio V. PanganibanMember(Independent Director)Lance Y. GokongweiMember
See Meetings and Seminars section for the attendance to the ExCom meetings.
In 2013, the Executive Committee accomplished in its 4 meetings: a) evaluation of major acquisitions of the Company; b) review of financing structure for capital expenditure projects; c) evaluation of a bank capital re-financing proposal and d) updates on acquisition of an overseas infrastructure and energy company.