Risk Management Committee

Committee roles and responsibilities

The Risk Management committee is tasked with nurturing a culture of risk management across the enterprise. It proposes guidelines and regularly reviews risk management structures, metrics, limits, and issues across the Bank, in order to meet and comply with regulatory and international standards on risk measurement and management. It also supports technology and training for key personnel in risk management.

Committee Composition (Term 2022-2023)

Chairman	Eli M. Remolona, Jr. Independent Director
Members	Janet Guat Har Ang Independent Director
	Cezar P. Consing Non-Executive Director
	Octavio Victor R. Espiritu 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 (ID)	Eli M. Remolona, Jr.	Apr. 25, 2019	14/14²	100%	2.7
Member (ID)	Janet Guat Har Ang	May 19, 2021	9/9²	100%	0.7
Member	Cezar P. Consing	Apr. 22, 2021	9/9²	100%	0.7
Member	Octavio Victor R. Espiritu	May 15, 2000	12/13	92%	21.7
Member (ID)	Cesar V. Purisima	Apr. 22, 2021	8/8	100%	0.7
Member	Aurelio R. Montinola III¹	Apr. 07, 2005	4/5	80%	16.7

¹Committee member until Apr. 21, 2021
²Includes BPI Joint AuditCom & RMCom Meeting

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

Click here to read the Risk Management Committee charter.