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.
The Company's Board has five standing committees:
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.
The following are the members of the ExCom:
Member Designation Manuel V. Pangilinan Chairman Ramon S. Ang Vice Chairman Manuel M. Lopez Member Artemio V. Panganiban Member(Independent Director) Lance Y. Gokongwei Member
In 2013, the Executive Committee accomplished in its 4 meetings:
- evaluation of major acquisitions of the Company;
- review of financing structure for capital expenditure projects;
- evaluation of a bank capital re-financing proposal and
- updates on acquisition of an overseas infrastructure and energy company.
See Meetings and Seminars section for the attendance to the ExCom meetings.Executive Committee Charter