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BOARD COMMITTEES
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The Board of Trustees actively participate in the management of the company through the following Board Committees: Executive, Nominations, Governance, Budget and Audit, Finance and Investment, and Personnel & Compensation. The roles and responsibilities of the Board Committees are detailed in the Charter of the Board Committees.
Executive Committee
The Executive Committee is composed of a Chairman, Vice Chairman, and three members elected and appointed to the same by the Board. The Committee may exercise any of the powers and attributes, allowable by law, of the Board of Trustees during the intervening period between the Board’s meetings.
Members:
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| Vicente R. Ayllon Chairman |
Bernardo M. Villegas Vice Chairman |
Alfredo B. Paruñgao | Ricardo G. Librea | Mayo Jose B. Ongsingco |
Budget and Audit Committee
The Committee ensures the Company’s financial integrity. It helps establish policies and guidelines related to the budget of the Corporation and internal and external auditing procedures and practices. It also has functions over areas of internal control, risk management, information disclosure, and reporting. Please refer to the Budget and Audit Committee Charter for more details.
Members:
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| Ricardo G. Librea Chairman |
Alfredo B. Paruñgao Vice Chairman |
Marietta C. Gorrez | Francisco Ed Lim | Bernardo M. Villegas |
Finance and Investment Committee
The Committee helps establish policies and guidelines through submission of studies/proposals for approval of the Board about the financial affairs and investment portfolio of the Company. Please refer to the Finance and Investment Committee Charter for more details.
Members:
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| Alfredo B. Paruñgao Chairman |
Bernardo M. Villegas Vice Chairman |
Delfin L. Lazaro | Francisco Ed. Lim | Mayo Jose B. Ongsingco |
Governance Committee
The Committee assists the Board in its oversight function and gives advice on governance matters, setting and shaping the corporate governance of the company based on the Code of Corporate Governance and Leading Best Practices as issued by the Insurance Commission. Please refer to the Governance Committee Charter for more details.
Members:
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| Francisco Ed. Lim Chairman |
Bernardo M. Villegas Vice Chairman |
Ricardo G. Librea |
Nominations Committee
The Nominations Committee, composed of three (3) Trustees who are not up for re-election, is responsible for assessing and nominating qualified candidates to the Board of Trustees. It pre-screens and shortlists candidates in accordance with qualification and disqualification criteria prior to recommendation to the Board. Please refer to the Nominations Committee Charter for more details.
Members:
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| Vicente R. Ayllon Chairman |
Delfin L. Lazaro Vice Chairman |
Ricardo G. Librea |
Personnel and Compensation Committee
The Committee helps establish policies and guidelines on personnel and compensation and benefits program of the employee force. It oversees procedures for developing remuneration policies for officers and Trustees, ensures the accomplishment of a Full Business Interest Disclosure upon employment of officers, and reviews other related personnel policies (eg. Manual of Employees’ Benefits, Manual of Personnel Procedures, Code of Conduct, etc.) Please refer to the Personnel and Compensation Committee Charter for more details.
Members:
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| Bernardo M. Villegas Chairman |
Ricardo G. Librea Vice Chairman |
Mona Lisa B. De la Cruz | Marietta C. Gorrez | Alfredo B. Paruñgao |
