Executive Committee

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 2021-2022)


Chairman Jaime Augusto Zobel de Ayala
Non-Executive Director
Vice-ChairmanFernando Zobel de Ayala
Non-Executive Director
MemberJose 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
Antonio Jose U. Periquet
Non-Executive Director

* Elected as new member of the committee on August 18, 2021



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

Jaime Augusto Zobel de Ayala

April 06, 2006

37/371

100%

14.7

Vice-Chairman

Fernando Zobel de Ayala

April 06, 2006

35/371

95%

14.7

Member

Cezar P. Consing

April 18 2013

36/371

97%

7.7

Member

Rebecca G. Fernando

March 31, 2009

36/371

97%

11.75

Member

Aurelio R. Montinola III

March 25, 2004

36/371

97%

16.75

Member (ID)

Antonio Jose U. Periquet2

April 18, 2013

37/371

100%

7.7

Member

Jose Teodoro K. Limcaoco

April 25, 2019

37/371

100%

1.7

1Includes Joint PerCom & ExCom Meeting
2Committee member (ID) April 2013 to April 22, 2021


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



Committee Charter
Click here to read the Executive Committee charter.