Executive Committee
The Executive Committee is composed of at least three (3) directors. Said committee may act, by majority of vote of all its members, on such specific matters within the competence of the board, as may be delegated to it in the bylaws or by majority vote of the board, except with respect to the: (a) approval of any action for which shareholders’ approval is also required; (b) filing of vacancies in the board; (c) amendment or repeal of bylaws or the adoption of new bylaws; (d) amendment or term is not amendable or repealable; and (e) distribution of cash dividends to the shareholders.
The Executive Committee is chaired by Dennis Anthony H. Uy; with Maria Grace Y. Uy, Jose P. de Jesus, Estela M. Perlas-Bernabe, Jr., Benjamin Rex Emilio B. Azada (non-voting), Robert Leo A. Yu (non-voting), and Miles Tonn Chua (non-voting).
Audit Commitee
The Audit 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.
The Audit Committee shall consist of at least three appropriately qualified non-executive directors, the majority of whom, including the chairman of the Audit Committee should be independent non-executive directors. All of the members of the committee must have relevant background, knowledge, skills, and/or experience in the areas of accounting, auditing, and finance. The chairman of the Audit Committee should not be the chairman of the Board or of any other committees.
The Audit Committee is chaired by Roman Felipe S. Reyes with Amando M. Tetangco, Jr. and Estela M. Perlas-Bernabe as members.
Corporate Governance and Nominations Committee
The Corporate Governance and Nominations Committee has the duty and responsibility to assist the Board of Directors in the performance of its corporate governance responsibilities, including functions of a nomination committee who shall assist the Board in the performance of the following functions: review the structure, size and composition of the Board; review and evaluate the qualifications of the persons nominated to the Board and to other positions requiring appointment by the Board; assess the effectiveness of the Corporation’s nomination and selection process for the Board and Board Committees.
It shall be composed of at least three members, all of whom should be independent non-executive directors, including the chairman of the Corporate Governance Committee.
The Corporate Governance and Nominations Committee is chaired by Estela M. Perlas-Bernabe with Amando M. Tetangco, Jr., Roman Felipe S. Reyes, and Jose P. de Jesus as members.
Board Risk Oversight Committee
The Board Risk Oversight Committee shall be responsible for reviewing the adequacy and effectiveness of our risk management function, including its market compliance function, risk management policies and systems, insurance, review and monitor risk events. It shall be composed of at least three non-executive directors, two of whom are independent non-executive directors, including the chairman of the Board Risk Oversight Committee.
The Board Risk Oversight Committee is chaired by Amando M. Tetangco, Jr. with Roman Felipe S. Reyes, Jose P. de Jesus, and Park Weongi as members.
Remuneration Committee
The Remuneration Committee is tasked to provide guidance to and assist the Board in developing a compensation philosophy or policy; oversee the development and administration of the Company’s executive compensation programs; establish an effective performance management framework; and assist the Board in the succession planning for Officers and in overseeing the development and implementation of professional development programs for Officers.
The committee is chaired by Estela M. Perlas-Bernabe. Members are Jose P. de Jesus and Park Weongi.
Network Infrastructure and Revenue Assurance Committee
The Network Infrastructure and Revenue Assurance Committee provides board oversight on network infrastructure and revenue assurance. It detects and identifies revenue leakages and mandates corresponding remediation strategies. Additionally, the committee oversees the planning, deployment, repair, and management of network infrastructure, ensuring that technical expertise and resources are aligned and unified with financial and economic implications.
The Network Infrastructure and Revenue Assurance Committee is chaired by Park Weongi with Dennis Anthony H. Uy and Roman Felipe S. Reyes as members.