Board Committees, Charters and Meetings

Beyond the regulatory requirement for the number of Board Committees, EDC’s Board of Directors takes pride with its initiative of having six (6) Board Committees to assist in handling oversight functions on operational matters which would require careful deliberation prior to elevation to the Board. These are the Audit and Governance Committee (AGC), Nomination and Compensation Committee (NCC), Risk Management Committee (RMC), Corporate Social Responsibility Committee (CSRC), Operations Committee (OpsCom) and the Related Party Transactions Committee (RPTC)

 

The members of each committee were appointed in consideration of regulatory requirements, governance best practices, individual expertise and operational demands.

Below are the pertinent information pertaining to EDC’s Board Committees, with updates from the 2016 Organizational Meeting of the Board of Directors  (Updated as of May 2018):

 

Audit & Governance Nomination & Compensation Risk Management Corporate Social Responsibility Operations Related Party Transactions
Composition, according to Charter (AMENDED AUGUST 2017)  AT LEAST 3 NED, THREE OF WHOM ARE INDEPENDENT DIRECTORS  AT LEAST 3 DIRECTORS, WITH 1 ID AT LEAST 3 DIRECTORS AS MEMBERS; AS FAR AS PRACTICABLE, COMPOSED OF NEDs, 3 OF WHOM ARE  IDs  AT LEAST 3 DIRECTORS AT LEAST 5 DIRECTORS  AT LEAST 5 DIRECTORS, 3 OF WHOM ARE IDS
Current Members  SEVEN MEMBERS

3 ID, 4 NED

FIVE  MEMBERS

1 ID, 3 NED, 1 ED

FOUR MEMBERS

4 NED

FIVE MEMBERS

1 ID, 2 ED, 2 NED

SIX MEMBERS

2 ED, 4 NED

NINE MEMBERS

3 ID, 4 NED, 2 ED

Members 2018-2019  E.O. Chua (ID/Chairman), F.E. Lim (ID), M.I. Ayala (ID), F.G.B. Puno (NED),  J.C. Russell (NED), J.E. Quintos IV (NED), D.A. Baldwin (NED) F.R. Lopez (ED/Chairman), M.I.Ayala (ID), F.G.B. Puno (NED), D.A. Baldwin (NED) F.G.B. Puno (NED/Chairman), J.C. Russell (NED), D.A. Baldwin (NED) F.R. Lopez (ED/Chairman), E.O. Chua (ID), R.B. Tantoco (ED), J.E. Quintos IV (NED), D.A. Baldwin (NED) F.R. Lopez (ED), R.B. Tantoco (ED), F.G.B. Puno (ED),  J.C. Russell (NED), J.E. Quintos IV (NED), D.A. Baldwin (NED) M.I. Ayala (ID/Chairman), F.E. Lim (ID), E.O. Chua (ID), J.C. Russell (NED). F.R. Lopez (ED), R.B. Tantoco (ED), F.G.B. Puno (NED), D.A. Baldwin (NED), J.E. Quintos IV (NED)
Members 2017-2018 (updated as of OCTOBER 2017) E.O. Chua (ID/Chairman), F.E. Lim (ID), M.I. Ayala (ID), F.G.B. Puno (NED),  J.C. Russell (NED), J.E. Quintos IV (NED), D.S. Luboff (NED) F.R. Lopez (ED/Chairman), M.I.Ayala (ID), F.G.B. Puno (NED), D.S. Luboff (NED) F.G.B. Puno (NED/Chairman), J.C. Russell (NED), D.A. Baldwin (NED) F.R. Lopez (ED/Chairman), E.O. Chua (ID), R.B. Tantoco (ED), J.E. Quintos IV (NED), D.A. Baldwin (NED) F.R. Lopez (ED), R.B. Tantoco (ED), F.G.B. Puno (ED),  J.C. Russell (NED), J.E. Quintos IV (NED), D.A. Baldwin (NED M.I. Ayala (ID/Chairman), F.E. Lim (ID), E.O. Chua (ID), J.C. Russell (NED). F.R. Lopez (ED), R.B. Tantoco (ED), F.G.B. Puno (NED), D.S. Luboff (NED), J.E. Quintos IV (NED)
2017 Attendance SIX MEETINGS

EOC (5), FGBP (2), FEL (6), MIA (5), JCR (3), JEQ IV (1), DSL (1)

Previous members: VBS (2), EBP (1)

THREE MEETINGS

FRL (3), FGBP (3), MIA (2), DSL (0)

previous member: PDGJ (3)

TWO MEETINGS

FGBP (2), JCR (2), DAB (0)

Previous member: PDGJ (2)

ONE MEETING

FRL (1), RBT (1),  JEQ (1), EOC (0), DAB (1)

Previous Member: EBP (0)

TWENTY-THREE MEETINGS

FRL (13), RBT (22), FGBP (15), JCR (19), JEQIV (20), DAB (2)

Previous members: EBP (4) VBS (14)

SIX MEETINGS

EOC (6), FGBP (3), FEL (6), MIA (5), JCR (2), RBT (1), FRL (0), DSL (1), JEQ IV (1)

Previous member: EBP (1)

2016 Attendance FOUR MEETINGS

EOC (4), EBP (2), FGBP (3), FEL (3), ATV (2), MIA (1)

FOUR MEETINGS

FRL (4), FGBP (4), ATV (3), PDGJ (4)

FOUR MEETINGS

FGBP (4), JCR (4), PDGJ (4)

ONE MEETING

FRL (1), EBP (1), ATV (1), EOC (0)

TWENTY-TWO MEETINGS

FRL (11), RBT (21), FGBP (19),EBP (10), JCR (19), JEQIV (11), PDGJ (1)

FOUR MEETINGS

EOC (4), EBP (2), FGBP (3), FEL (3), ATV (2), MIA (1)

Charter ACG Charter (Rev August 8, 2017) NCC Charter (Rev. 2017) RMC Charter (Rev. August  8, 2017) CSRC Charter (January 30, 2013) OpsCom Charter 2014 (Rev.January 21, 2014) RPTC Charter (Rev Nov. 25, 2015)
Previous Annual Activity Reports 2016 2015 

2014 2013 

2012 2011 

2010 2009 

2008 2007

2016 2015 2014 

2013 2012 

2011 2010 

2009 2008

2016 2015 2014 

2013 2012 

2011 2010 

2009 2008

2016 2015

2014 2013 

2012 2011 

2010 2009 

2008 2007

2016 2015 

20142013

20122011,

20102009

20082007

 2016 2015

 *Independent Director Manuel I. Ayala was elected on September 7, 2016 to replace Independent Director Arturo T. Valdez, who resigned form the Board.  

** Director Victor Emmanuel B. Santos was elected on February 28, 2017 to replace Director Ernesto B. Pantangco, who retired.

BOARD MEETINGS & ACTIVITIES
THE ANNUAL STOCKHOLDERS’ MEETING