Committee roles and responsibilities
The Executive Committee, in the interim between meetings of the Board, possesses and exercises all powers of the Board in the management and direction of the affairs of the Bank subject to the provisions of the Bank's By-laws, and the limitations of the law and other applicable regulations. It serves as the operating arm of the Board in all matters related to corporate governance. It approves all major policies and oversees all major risk-taking activities, including the approval of material credit exposure.
Committee Composition (Term 2024-2025)
Members | Position/Designation |
|---|---|
Jaime Augusto Zobel de Ayala | Chairman |
Cezar P. Consing | Vice-Chairman |
Jose Teodoro K. Limcaoco | Member/President/CEO |
René G. Bañez | Member (Non-Executive Director) |
Aurelio R. Montinola III | Member (Non-Executive Director) |
Cesar V. Purisima | Member (Independent) |
Fernando Zobel de Ayala | Member (Non-Executive Director) |
Committee Members Meeting Attendance
During 2023, the committee members attended meetings as follows:
Position | Name | Date of Appointment | Attendance/ Meetings1 | % |
|---|---|---|---|---|
Chairman (NED) | Jaime Augusto Zobel de Ayala | April 06, 2006 | 19/318 | 61% |
Vice-Chairman (NED) | Cezar P. Consing | April 18, 2013 | 25/318 | 81% |
Member (ED) | Jose Teodoro K. Limcaoco | April 25, 2019 | 31/318 | 100% |
Member (NED) | Rene G. Bañez | August 18, 2021 | 31/318 | 100% |
Member (NED) | Romeo L. Bernardo2 | September 21, 2022 | 21/228 | 95% |
Member (NED) | Aurelio R. Montinola III | March 25, 2004 | 25/318 | 81% |
Member (ID) | Cesar V. Purisima | April 28, 2022 | 31/318 | 100% |
Member (NED) | Fernando Zobel de Ayala3 | September 20, 2023 | 5/8 | 63% |
Legend:
1 For the period of 01 January to 31 December 2023
2 Committee member until 12 September 2023
3 Committee member effective 20 September 2023
8 Includes Joint Executive and Personnel & Compensation Committee Meeting
Committee Performance
As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2023 performance. The survey found the Committee to have performed its duties and responsibilities effectively.
Committee Charter
Executive Committee charter
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