Committee roles and responsibilities
The Executive Committee, in the interim between meetings of the Board, possesses and exercises all powers of the Board in the management and direction of the affairs of the Bank subject to the provisions of the Bank's By-laws, and the limitations of the law and other applicable regulations. It serves as the operating arm of the Board in all matters related to corporate governance. It approves all major policies and oversees all major risk-taking activities, including the approval of material credit exposure.
Committee Composition (Term 2022-2023)
| Chairman | Jaime Augusto Zobel de Ayala Non-Executive Director |
| Vice-Chairman | Fernando Zobel de Ayala Non-Executive Director |
Member | Jose Teodoro K. Limcaoco Executive Director/President & CEO |
| Cezar P. Consing Non-Executive Director | |
| René G. Bañez Non-Executive Director | |
| Aurelio R. Montinola III Non-Executive Director | |
| Cesar V. Purisima Independent Director |
During 2022, the committee members attended meetings as follows:
Office | Name | Date of Appointment | Attendance / Meetings | % | Years served on Committee |
|---|---|---|---|---|---|
Chairman | Jaime Augusto Zobel de Ayala | Apr. 06, 2006 | 29/35 | 83% | 15.7 |
Vice-Chairman | Fernando Zobel de Ayala | Apr. 06, 2006 | 31/35 | 89% | 15.7 |
Member | Jose Teodoro K. Limcaoco | Apr. 25, 2019 | 35/35 | 100% | 2.7 |
Member | Rene G. Bañez | Aug. 18, 2021 | 14/14 | 100% | 0.5 |
Member | Cezar P. Consing | Apr. 18, 2013 | 35/35 | 100% | 8.7 |
Member | Aurelio R. Montinola III | Mar. 25, 2004 | 31/35 | 89% | 17.5 |
Committee Performance
As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Board/Executive Committee’s 2021 performance. The survey found the Board/Executive Committee to have performed its duties and responsibilities effectively.Committee Charter
Committee Charter
Executive Committee charter
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