Committee roles and responsibilities
The Related Party Transaction Committee is charged with ensuring that the Bank's dealings with the public and various stakeholders are imbued with the highest standards of integrity. It independently reviews, vets, and endorses all related party transactions such that these transactions are dealt on terms no less favorable to the Bank than those generally available to an unaffiliated third party under the same or similar circumstances. The Chief Audit Executive and Chief Compliance Officer sit in committee meetings as non-voting members.
Committee roles and responsibilities
| Chairman | Ignacio R. Bunye Independent Director |
| Members | René G. Bañez Non-Executive Director |
| Maria Dolores B. Yuvienco Independent Director |
Committee Members Meeting Attendance
During 2021, the committee members attended meetings as set out in the following table:
Office | Name | Date of Appointment | Attendance / Meetings | % | Years served on Committee |
|---|---|---|---|---|---|
Chairman (ID) | Ignacio R. Bunye | Apr. 20, 2017 | 12/12 | 100% | 4.7 |
Member | Rene G. Bañez1 | Aug. 18, 2021 | 4/4 | 100% | 0.5 |
Member (ID) | Maria Dolores B. Yuvienco | Apr. 25, 2019 | 12/12 | 100% | 2.7 |
Member | Rebecca G. Fernando2 | Apr. 10, 2014 | 7/8 | 88% | 7.0 |
Non-Voting Member | Rosemarie B. Cruz, (Chief Audit Executive) | ||||
Non-Voting Member | Noravir A. Gealogo, (Chief Compliance Officer) |
1 Committee member effective Aug. 18, 2021
2 Committee member until Aug. 17, 2021
Committee Performance
As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2021 performance. The survey found the Committee to have performed its duties and responsibilities effectively.
Committee Charter
Related Party Transaction Committee charter
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| BPI is regulated by the Bangko Sentral ng Pilipinas