Board Composition

The positions of Chairman of the Board, and President and CEO, are held by two different persons. The Chairman of the Board is Sec. Carlos G. Dominguez, Secretary of the Department of Finance, while the President and CEO is Cecilia C. Borromeo, who is also the Vice-Chairperson.

• Secretary of Finance                                   - Chairman (Ex Officio)
• LANDBANK President and CEO              - Vice-Chairman
• Secretary of Agrarian Reform                    - Ex Officio Member
• Secretary of Labor and Employment        - Ex Officio Member
• Secretary of Agriculture                              - Ex Officio Member
• Two members appointed by the President of the Philippines representing the Agrarian Reform Beneficiaries
• Two members appointed by the President of the Philippines representing the Private Sector

Composition of the LANDBANK Board of Directors as of 31 December 2020

1.  Carlos G. Dominguez                  

     Ex-Officio Chairman

      Secretary, Dept. of Finance   

      Non-Executive Director;

      Assumed on 30 June 2016

      Tenure:  4 Years and 6 Months

2.  Cecilia C. Borromeo                              

     Vice Chairperson     

     President/Chief Executive Officer

      Executive Director;

      Assumed on 01 March 2019

      Tenure: 1 Year and 9 Months

3. William D. Dar                  

    Ex-Officio Member    

    Secretary, Dept. of Agriculture

    Non-Executive Director;

    Assumed on 05 August 2019 

    Tenure: 1 Year and 4 Months 

4.  John R. Castriciones                  

     Ex-Officio Member   

     Secretary, Dept. of Agrarian Reform

      Non-Executive Director;

      Assumed on 06 December 2017

      Tenure: 3 Years  

5.  Silvestre H. Bello III            

     Ex-Officio Member                                                          

     Secretary, Dept. of Labor & Employment 

      Non-Executive Director;

      Assumed on 30 June 2016

      Tenure: 4 Years and 6 Months   

6.  Virgilio DV. Robes                                     

     Member, Agrarian Reform Beneficiaries Representative

      Non-Executive Director;

      Assumed on 13 December 2016

      Tenure: 4 Years   

7.  Jaime L. Miralles

      Member, Agrarian Reform Beneficiaries Representative

      Non-Executive Director;

      Assumed on 24 July 2018

      Tenure: 2 Years and 5 Months

8.  Jesus V. Hinlo, Jr.                  

     Member, Private Sector Representative    

      Non-Executive Director;

      Assumed on 07 November 2017

      Tenure: 3 Years and 1 Month

9.  Nancy D. Irlanda

      Member, Private Sector Representative

      Non-Executive Director;

      Assumed on 25 September 2018

      Tenure: 2 Years and 3 Months

Board Qualification

Pursuant to R. A. 8791, R. A. 10149, BSP Manual of Regulations for Banks, the LANDBANK Charter, GCG Memorandum Circular No. 2012-07, and other pertinent laws and regulations, the following are the qualifications of the LANDBANK Board of Directors:

1. No person shall be elected or appointed director of the Bank unless he is a natural born citizen of the Philippines, not less than 35 years of age, of good moral character and has attained proficiency, expertise and recognized competence in one or more of the following: banking, finance, economics, law, agriculture, agrarian reform, business management. Provided further, that no Director, stakeholder or employee of any other bank shall be eligible for election or appointment as member of the Board of Directors of the Bank.
2. For an appointive director, he must have a college degree with at least five years of relevant work experience, except for a sectoral representative who only needs to be a bona fide member of the indicated sector of the association being represented as provided for in the Charter or By-Laws. 
3. He must have attended a special seminar on corporate governance for Board of Directors conducted or accredited by the BSP.
4. An appointive director must have attended or will attend within three months from the date of appointment, a special seminar on public corporate governance for Directors conducted by the GCG or any individual or entity accredited by the GCG.
5. He must be fit and proper for the position of a Director of the Bank. In determining whether a position is fit and proper for the position of a Director, the following matters must be considered:

• • integrity/probity;
  • physical/mental fitness;
  • competence;
  • relevant education/financial literacy/training;
  • diligence; and
  • knowledge/experience.

All members of the LANDBANK Board, including the President and CEO, as well as the Appointive Directors in Subsidiaries and Affiliates shall be qualified by the Fit and Proper Rule issued by the Governance Commission for GOCCs (GCG) approved by the President of the Philippines, including any future amendments and revisions thereof.

The foregoing qualifications for Directors shall be in addition to those required or prescribed under R.A. No. 8791 and other existing applicable laws and regulations.