ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.2.16

Does the Remuneration Committee comprise of a majority of independent directors/commissioners?

Response

YES. The Remuneration committee is composed of a majority of independent directors.  

The incumbent members are:
1. Antonio Jose U. Periquet - Chairman/Independent Director
2. Honorio O. Reyes-Lao - Member/Independent Director
3. Ma. Edwina C. Laperal - Member/Executive Director

 

 Reference:

1. Website - Disclosures/SEC 17-C, Board Meeting Results, May 14, 2015

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