Corporate Governance Committee

Committee roles and responsibilities

The Corporate Governance Committee assists the Board in fulfilling its corporate governance responsibilities, and ensures the Board's effectiveness and due observance of sound corporate governance principles and guidelines, and its oversight of the Bank's corporate governance practices as embodied in the Bank's Articles of Incorporation, By-Laws and Manual on Corporate Governance and with respect to laws, rules and regulations on corporate governance issued by the BSP, SEC, PSE and other regulatory bodies.



Committee Composition (Term 2021 - 2022)


Chairman 
Cesar V. Purisima
Independent Director
Member
Ignacio R. Bunye
Independent Director
Ramon R. Del Rosario, Jr.
Non-Executive Director

* Appointed as the new chairman of the Corporate Governance Committee as of October 21, 2020
** Appointed as a member of the Corporate Governance Committee as of October 21, 2020


During 2020, 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. Bunye1

April 14, 2016

4/4

100%

4.7

Member (ID)

Maria Dolores B. Yuvienco2

April 10, 2014

4/4

100%

6.7

Member

Mercedita S. Nolledo

April 06, 2006

4/4

100%

14.7

1 Committee member (ID) from April 2016 to October 2020; Chairman from October 2020
2 Committee member (NED) from April 2014 to April 2016 and committee chairman (ID) from April 2016 to October 2020


Committee Performance


As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2020 performance. The survey found the Committee to have performed its duties and responsibilities effectively.


Committee Charter


Click here to read the Corporate Governance Committee charter.