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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.