Copyright Reserved 2013:

Telephone:   (632) 706-7888

Facsimile:    (632) 706-5982

                      (632) 706-5980


35th Floor, One Corporate Center

Julia Vargas Ave. corner Meralco Ave.

Ortigas Center, Pasig City, Philippines 1605

Audit Committee

The Audit Committee is composed of at least three (3) members of the Board, one (1) of whom shall be an independent director. Each member has an adequate understanding at least or competence at most of the Company’s financial management systems and environment.  

Chairman :        Aristeo R. Cruz

Member   :        Sergio R. Ortiz-Luis, Jr.

Ruben D. Torres

See:  Audit Committee Charter

Compensation Committee

The Compensation Committee which is composed of at least three (3) members and one of whom is an independent director establishes a formal and transparent procedure for developing a policy on remuneration of directors and officers to ensure that their compensation is consistent with the corporation’s culture, strategy and the business environment in which it operates.

Chairman :        Ruben D. Torres

Member   :        Sergio Ortiz-Luis

Kenneth T. Gatchalian

                        See:  Compensation Committee Charter


Nomination and Governance Committee

The Nomination Committee which is composed of at least three (3) members and one of whom is an independent director, reviews and evaluates the qualifications of all persons nominated to the Board and other appointments that require Board approval, and assesses the effectiveness of the Board’s processes and procedures in the election or replacement of directors.

Chairman :        Sergio R. Ortiz-Luis, Jr.

Member   :        Josaias T. Dela Cruz

Ruben D. Torres

See:  Nomination and Governance Charter

Executive Committee

The Executive Committee composed of at least (3) directors. Said committee may act, by majority 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) filling of vacancies in the board; (c) amendment or repeal of bylaws or the adoption of new bylaws; (d) amendment or repeal of any resolution of the board which by its express terms is not amendable or repealable; and (e) distribution of cash dividends to the shareholders. The board of directors may create special committees of temporary or permanent nature and determine the members’ term, composition, compensation, powers, and responsibilities.

Chairman :        Elvira Ting

Member   :        Kenneth Gatchalian

                        Sergio Ortiz-Luis, Jr.

                        Richard Ricardo

                        Lamberto Mercado

                        See:  Executive CommitteeCharter