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 (Rev.January 30, 2013) RPTC Charter (Approved Sept. 9, 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
2014, 2013,
2012, 2011,
2010, 2009,
2008, 2007
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.