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 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 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	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
Member	Antonio Jose U. Periquet¹	Apr. 18, 2013	35/35	100%	8.7
Member	Rebecca G. Fernando²	Mar. 31, 2009	20/21	95%	12.0

¹ Committee member until Dec. 15, 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 Board/Executive Committee’s 2021 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.