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	Antonio H. Ozaeta Vice Chairman	Edilberto B. Bravo	Alfredo B. Paruñgao	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:

Alfredo B. Paruñgao Chairman	Antonio H. Ozaeta Vice Chairman	Cesar C. Cruz	Delfin L. Lazaro	Ricardo G. Librea

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:

Edilberto B. Bravo Chairman	Alfredo B. Paruñgao Vice Chairman	Delfin L. Lazaro	Mayo Jose B. Ongsingco	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:

Cesar C. Cruz 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:

Alfredo Paruñgao Chairman	Cesar C. Cruz Vice Chairman	Mayo Jose B. Ongsingco

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:

Antonio H. Ozaeta Chairman	Cesar C. Cruz Vice Chairman	Edilberto B. Bravo	Ricardo G. Librea	Bernardo M. Villegas