To support its responsibilities, the Board has established five committees: the Executive Committee, the Remuneration Committee, the Board Risk Oversight Committee, the Corporate Governance, Nominations, and Related Party Transactions Committee, and the Audit Committee. Members are appointed during the annual organizational meeting, considering their skills, expertise, and experience. Each committee operates under a Charter defined by the Manual on Corporate Governance, detailing composition, roles, responsibilities, meeting procedures, reporting duties, and performance evaluation standards.

Executive Committee

Reynaldo B. Vea Medel T. Nera Gerardo C. Ablaza, Jr
CharimanMemberMember

Senior Management Committee

Lorenzo V. Tan Reynaldo B. Vea Alfredo Antonio I. Ayala
ChairmanMemberMember

Renumeration Committee

Gerardo C. Ablaza, Jr Benedicto C. Sison Herminia S. Jacinto
CharimanMemberMember

Audit Committee

Herminia S. Jacinto Medel T. Nera William H. Ottiger
ChairmanMemberMember

Corporate Governance, Nominations, and Related Party Transactions Committee

Benedicto C. Sison Herminia S. Jacinto William H. Ottiger
ChairmanMemberMember

Board Risk Oversight Committee

William H. Ottiger Benedicto C. Sison Herminia S. Jacinto
ChairmanMemberMember

Board Performance and Attendance

Per the Amended By-Laws of the Company, the Board convenes for regular meetings on a quarterly basis, with meetings scheduled a year in advance to ensure high participation rates. The Chief Executive Officer can call special board meetings at the request of any three (3) directors. Notice of meetings and materials are distributed at least two business days prior to the meeting.

The Company's Manual of Corporate Governance also provides that any director who is absent in more than fifty (50%) of all regular and special meetings of the Board during incumbency, or any twelve (12) month period during said incumbency, unless the absence is due to illness, death in the immediate family or serious accident, will face temporary disqualification in the succeeding election.

Executive Committee Attendance

Director 2025 Percentage Present
Renato C. Valencia
100%
Medel T. Nera
100%
Gerardo C. Ablaza, Jr
100%

Senior Management Committee Attendance

Director Mar 17, 2025 May 19, 2025 Jul 22, 2025 Oct 14, 2025 Percentage Present
Lorenzo V. Tan
100%
Reynaldo B. Vea
100%
Alfredo Antonio I. Ayala
100%

Renumeration Committee Attendance

Director Jan 15, 2024 Feb 28, 2024 Apr 17, 2024 Jun 15, 2024 Percentage Present
Renato C. Valencia
100%
Herminia S. Jacinto
100%
Gerardo C. Ablaza, Jr
100%

Audit Committee Attendance

Director Apr 03, 2025 May 09, 2025 Jul 28, 2025 Nov 10, 2025 Percentage Present
Medel T. Nera
100%
William H. Ottiger
100%
Herminia S. Jacinto
100%

Corporate Governance, Nomination and Related Party Transactions Committee Attendance

Director Mar 26, 2025 May 23, 2025 Percentage Present
Renato C. Valencia
100%
Herminia S. Jacinto
100%
William H. Ottiger
100%

Board Risk Oversight Committee Attendance

Director Mar 21, 2025 June 17, 2025 Sep 10, 2025 Nov 17, 2025 Percentage Present
Gerardo C. Ablaza, Jr.*
100%
Renato C. Valencia
100%
Herminia S. Jacinto
100%
William H. Ottiger
100%

*Mr. Ablaza was replaced by Mr. Ottiger as member of the BROC as of 2025 ASM.