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 2023-2024)
| Jaime Augusto Zobel de Ayala Non-Executive Director | Chairman |
| Cezar P. Consing Non-Executive Director | Vice-Chairman |
| Jose Teodoro K. Limcaoco Executive Director/President & CEO | Member |
| René G. Bañez Non-Executive Director | |
| Romeo L. Bernardo1 Non-Executive Director | |
| Fernando Zobel de Ayala2 Non-Executive Director | |
| Aurelio R. Montinola III Non-Executive Director | |
| Cesar V. Purisima Independent Director |
1Committee member until 12 September 2023
2Re-appointed as committee member effective 20 September 2023
Committee Members Meeting Attendance
During 2022, the committee members attended meetings as follows:
Office | Name | Date of Appointment | Attendance / Meetings | % |
|---|---|---|---|---|
Chairman (NED) | Jaime Augusto Zobel de Ayala | April 06, 2006 | 26/31 | 84% |
Vice-Chairman (NED) | Fernando Zobel de Ayala1 | April 06, 2006 | 17/23 | 74% |
Member (ED) | Jose Teodoro K. Limcaoco | April 25, 2019 | 31/31 | 100% |
Member (NED) | Rene G. Bañez | August 18, 2021 | 31/31 | 100% |
Member (NED) | Cezar P. Consing | April 18, 2013 | 29/31 | 94% |
Member (NED) | Aurelio R. Montinola III | March 25, 2004 | 25/31 | 81% |
Member (ID) | Cesar V. Purisima | April 28, 2022 | 20/22 | 91% |
Member (NED) | Romeo L. Bernardo | September 21, 2022 | 6/7 | 86% |
1Committee member until 12 September 2022
Committee Performance
As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Board/Executive Committee’s 2022 performance. The survey found the Board/Executive Committee to have performed its duties and responsibilities effectively.
Committee Charter
Executive Committee charter
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| BPI is regulated by the Bangko Sentral ng Pilipinas