Board Committees

• Executive Committee

  Receives reports on the operations of the Company and approves capital expenditures on the basis of the requirement of the Company and laid down strategic plans and actions for the operation of the Company.

• Nomination Committee

  Reviews the qualifications of all persons nominated for membership to the Board and ensures that each nominee possesses all of the qualifications and none of the disqualifications, as provided in the Company's Revised Manual on Good Governance and Amended By-Laws.

• Compensation and Remuneration Committee

  Determines the remuneration packages of corporate directors and officers.

• Audit Committee

  Reviews the annual and quarterly financial reports of the Company. In reviewing the financial reports of the Company, the Committee determines whether said reports are compliant with accounting standards as well as with tax, legal and regulatory requirements.

Board Committee Memberships

• Management Committee

  Manuel Paolo A. Villar
  Camille A. Villar
  Brian N. Edang
  

• Nomination Committee

  Manuel B. Villar, Jr., Chairman
  Achawin Asavabhokin, Member
  Cherrylyn P. Caoile (Independent Director), Member

• Compensation and Remuneration Committee

  Manuel Paolo A. Villar, Chairman
  Camille A. Villar, Member
  Cherrylyn P. Caoile (Independent Director), Member

• Audit Committee

  Marilou O. Adea (Independent Director), Chairman
  Cherrylyn P. Caoile (Independent Director), Member
  Cynthia J. Javarez, Member

• Corporate Governance Committee

  Cherrylyn P. Caoile (Independent Director), Chairman
  Marilou O. Adea (Independent Director), Member
  Manuel B. Villar, Jr., Member

• Board Risk Oversight Committee

  Cherrylyn P. Caoile (Independent Director), Chairman
  Marilou O. Adea (Independent Director), Member
  Manuel Paolo A. Villar, Member

• Related Party Transactions Committee

  Marilou O. Adea (Independent Director), Chairman
  Cherrylyn P. Caoile (Independent Director), Member
  Achawin Asavabhokin, Member

Board Committee Chapters