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 (Current)¹

Chairman	Eli M. Remolona, Jr. Independent Director
Member	Octavio Victor R. Espiritu Non-Executive Director
	Cezar P. Consing Non-Executive Director
	Cesar V. Purisima Independent Director
	Janet Guat Har Ang² Independent Director

¹Effective April 22, 2021

²Effective May 19, 2021

During 2020, the committee members attended meetings as set out in the following table:

Office	Name of Director	Date of Appointment	No. of Meetings Held¹	%
Chairman (ID)	Octavio Victor R. Espiritu	15-May-00	13/13*	100%
Member (NED)	Aurelio R. Montinola III	07-Apr-05	12/13*	92%
Member (ID)	Eli M. Remolona, Jr.	25-Apr-19	13/13*	100%

¹ For the period of 01 January to 31 December 2020
*Includes Joint BPI & BFB AuditCom & RMCom Meeting

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 Risk Management Committee charter.