Board Meetings (2019)

The schedule of the meetings of the Board of Directors is agreed upon at the beginning of the year. For CY 2019, this was agreed upon during the Board meeting held on January 9, 2019. In general, there are at least two meetings scheduled per month, held on every second and fourth Wednesday of each month (as provided under the Manual on Corporate Governance, page 30, H. Meetings of the Board of Directors). As much as practicable, materials for the Board meeting are sent to the members of the Board at least three business days before the Board meeting. The Corporate Secretary from January to December 2019 was Atty. Myra-Lyn S. Peñalosa, who has been a member of the Philippine Bar since 1997. For calendar year 2019, the Board of Directors was able to meet 25 times or 100% of the scheduled meetings. Moreover, the non-executive Directors and the Heads of Internal Audit Group, Risk Management Group, Compliance Management Group and the Resident COA Representative were able to meet separately on December 6, 2019, without the presence of the President and CEO, in compliance with the BSP and GCG requirements.