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Induction and Continuing Education

Along with the demand for greater disclosure and transparency, corporate boards continue to face more and more complex oversight challenges. It is therefore incumbent on our directors to conduct the business and operations of the bank consistent with the highest professional and regulatory standards and to guide bank policy and direction with a superior degree of wisdom, prudence, good business judgment and competence. Relevant and continuing training, therefore, is a necessity to enable our directors to have a robust understanding of the business of banking, to keep abreast with current issues and regulatory changes in the sector and to strengthen their ability to meet these governance responsibilities.


Induction of New Directors. Our board, together with the Corporate Secretary, ensures that there is a deliberate, systematic and rapid familiarization of new directors with the organization and the operations of the board. New directors are apprised of the bank’s governance framework, Manual on Corporate Governance and Code of Conduct, board operations, i.e., schedules, procedures and processes, and the availability of information and support from the Corporate Secretary and senior management. The formal and tailored induction program is based on a director’s needs and varies accordingly with the skills, experience and background of each director. Basic to the program, however, are the board’s philosophy and vision for the bank as well as the board’s culture and operating style. The induction process also tests the capability and dynamics of the newly reconstituted boardroom team by giving the board, as a whole, an opportunity to review its assumptions and positions on key issues and processes.


New directors are also briefed on the bank’s background, Table of Organization, and, in compliance with BSP Cir. No. 758, the general and specific duties and responsibilities of the board. They are also informed of the relevant polices and rules governing their roles as directors and given an overview of the industry, regulatory environment, business of banking and annual and medium-term strategic plans of the bank, as needed as well as any current issues affecting the bank or the industry. This includes regulatory initiatives on Anti-Money Laundering & Terrorist Financing Prevention Program, Foreign Account Tax Compliance Act (“FATCA”), Basel III, Securities Regulations Code and new BIR regulations. Finally, we also arrange that all directors annually undergo the requisite corporate governance seminar as provided by an SEC or BSP-accredited institution.


Director Education. The bank, through its various units, provides continuing Director Education in relation to current developments, such as FATCA, Basel III and new BIR regulations. Other in-bank courses that are available to senior management as well include briefings, seminars and courses on:


  • Cyber risk and Cyber security
  • Data Privacy and Protection
  • Anti-money laundering
  • Business continuity management
  • Conflict of interest
  • Risk Management Overview
  • Information Security Awareness


The bank also conducts two courses in partnership with Harvard Business School, the Advance Management Program and the Leadership Excellence Acceleration Program.


Board members also regularly attend governance forums, conferences and summits organized in partnership with the Institute of Corporate Directors such as the Ayala Group Integrated Corporate Governance, Risk Management, and Sustainability Summit 2021.


Name

Date of Training

Program

Institution

Jaime Augusto Zobel de Ayala
 (Chairman)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Fernando Zobel de Ayala
 (Vice-Chairman)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Jose Teodoro K. Limcaoco

(President & CEO)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Janet Guat Har Ang (Independent)1

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Not Applicable

Rene G. Bañez2

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Not Applicable

Romeo L. Bernardo

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Ignacio R. Bunye
(Independent Director)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Cezar P. Consing

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Ramon R. Del Rosario, Jr.

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

23-Oct-20

Business Continuity Planning: Executive

Briefing for Board Directors and

Management

Center for

Global Best Practices

Octavio Victor R. Espiritu

9-10 Nov. 21

Corporate Governance Orientation Program

ICD

10-Nov-20

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Rebecca G. Fernando3

Not Applicable

10-Nov-20

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Aurelio R. Montinola III

24-Sep-21

Corporate Governance Training

ROAM

25-Sep-20

Mercedita S. Nolledo4

Not Applicable

10-Nov-20

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Antonio Jose U. Periquet5

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Cesar V. Purisima

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

15-Oct-20

Advanced Corporate Governance Training

ICD

Eli M. Remolona, Jr.
 (Independent Director)

6-7 Dec-21

Corporate Governance Orientation Program

ICD

10-Nov-20

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

Maria Dolores B. Yuvienco
 (Independent Director)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

1 Elected as BPI Director on May 19, 2021

2 Elected as BPI Director on Aug. 18, 2021

3 Resigned as of Aug. 18, 2021

4 Resigned as of May 19, 2021

5 Resigned as of Dec. 16, 2021


Corporate Secretary

Name

Date of Training

Program

Institution

 Angela Pilar B. Maramag

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20


Senior Management Team

Name

Date of Training

Program

Institution

Maria Theresa M. Javier
( EVP & CFO)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

 Ramon L. Jocson
( EVP & COO)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

 Marie Josephine M. Ocampo
(EVP)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

 Juan Carlos L. Syquia
(EVP)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Maria Cristina L. Go (EVP)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20


Heads of Control, Risk Management, and Compliance

Name

Date of Training

Program

Institution

 Rosemarie B. Cruz
(Chief Audit Executive)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit


10-Nov-20

ICD

 Marita Socorro D. Gayares
(Chief Risk Officer)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20

Noravir A. Gealogo
(Chief Compliance Officer)

21-Oct-21

Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit

ICD

10-Nov-20