MANAGEMENT

 

 

Vicente R. Ayllón
Chairman of the Board and CEO

 

Helping you make confident decisions As we journey through life, our dreams and aspirations are a source of optimism and resilience. They inspire us to do more when they come true, and they remind us to keep on going when times are tough.

 

At Insular, we have been putting our customers first and honoring our commitments for 100 years – after all, we're a mutual company. Our customers are our shareholders, and their interests are our priorities.

 

Looking forward, we want to strengthen our reputation as the pioneering and largest Filipino financial services provider, offering a full range of financial solutions. Our challenge is to use our 100 years of experience to help our customers plan for the future. When your faith in financial institutions is shaken in times of uncertainty, you need a source of confidence – think of us. When you need to learn about insurance and how to use it in planning for your future, you need to learn from someone you can trust, think of Insular. We can help you make confident decisions for your future.

 

That is why we can say, with Insular you can look ahead and be assured

 

Vicente R. Ayllón
Chairman of the Board and
Chief Executive Officer

 

BOARD COMMITEES

 

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 Commitees.

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:

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. 

Members:

Ricardo G. Librea
Chairman		 Alfredo B. Paruñgao
Vice Chairman		 Marietta C. Gorrez Delfin L. Lazaro 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. 

Members:

Alfredo B. Paruñgao
Chairman		 Mayo Jose B. Ongsingco
Vice Chairman		 Delfin L. Lazaro Francisco Ed. Lim Bernardo M. Villegas

 

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. The duties of the committee are as follows:

  • Reviews and approves corporate policies, procedures and changes relating to governance
  • Initiates the conduct of a review of all the relevant policies and processes of the Company to determine their level of compliance with the end in view of full satisfaction of the requirements of the Code of Corporate Governance and Leading Best Practices of the IC
  • Monitors the effectiveness of governance practices and makes changes as needed

 

Members:

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. 

Members:

Francisco Ed. Lim
Chairman		 Bernardo M. Villegas
Vice Chairman		 Mona Lisa B. dela Cruz

 

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.). 

Members:

Bernardo M. Villegas
Chairman		 Ricardo G. Librea
Vice Chairman		 Francisco Ed. Lim Marietta C. Gorrez Alfredo B. Paruñgao