To aid in the optimal performance of its roles and responsibilities and ensure compliance with the principles of Corporate Governance, the Board shall form the following Board Committees: (1) Executive Committee (2) Audit Committee (3) Corporate Governance Committee, (4) Related Party Transactions Committee and (5) Board Risk Oversight Committee.
Nerine Tan Sheik Ping – Chairman
Tan Eng Hwa – Member
Atty. Casey M. Barleta – Member
The Committee will provide assistance to the Board of Directors in fulfilling its oversight responsibility to the shareholders, potential shareholders, the investment community and others relating to: (1) the integrity of the Company’s financial statements, (2) the effectiveness of the Company’s internal control over financial reporting, (3) the Company’s compliance with legal and regulatory requirements, (4) the independent auditor’s qualifications and independence, and (5) the performance of the Company’s internal audit function and independent auditor.
Atty. Casey M. Barleta – Chairman (Independent Director)
Dean Poncevic M. Ceballos – Member (Independent Director)
Tan Eng Hwa – Member
Please click to see the details of the Charter -> Audit Committee Charter
The Corporate Governance Committee (the Committee) is tasked to ensure the Board’s effectiveness and due observance of sound corporate governance principles and policies. The Committee believes that prudent and effective corporate governance practices constitute the foundation of the Company’s strength and long-term existence to enhance and maximize long-term shareholder value.
Dean Poncevic M. Ceballos – Chairman
Tan Eng Hwa – Member
Atty. Casey M. Barleta – Member
Please click here to see the details of the charter -> Corporate Governance Committee Charter
For purposes of ensuring transparency and fairness for all stakeholders, the Related Party Transactions Committee (the “Committee”) is constituted by the Board of Directors (the “Board”) to review proposed Related Party Transactions, for the purpose of determining whether or not the transaction is on terms no less favorable to the Bank than terms available to any unconnected third party under the same or similar circumstances.
Nerine Tan Sheik Ping – Chairman
Atty. Casey M. Barleta – Member
Dr. George T. Yang – Member
Please click here to see the details of the charter -> Related Party Transactions Committee Charter
The Board Risk Oversight Committee (BROC) shall be responsible for the oversight of the Company’s Enterprise Risk Management system to ensure its functionality and effectiveness. It shall be majority composed of independent directors including the Chairman who is not at the same time the Chairman of the Board or of any other Board Committee.
Atty. Jimmy S. Soo – Chairman
Derek Chin Shee Seng – Member
Atty. Casey M. Barleta – Member
Please click here to see the details of the charter -> Board Risk Oversight Committee Charter
The Nomination Committee shall assist and advice the Board of Directors with respect to the review and evaluation of the qualifications of all persons nominated to the Board and other appointments that require Board approval; the assessment of the effectiveness of the Board’s processes and procedures in the election or replacement of directors; and in the assessment of the Board’s effectiveness in the process of replacing or appointing new members to the Board and/or Board Committee.
Tan Eng Hwa – Chairman
Atty. Casey M. Barleta – Member (Independent Director)
Dean Poncevic M. Ceballos – Member (Independent Director)