as of 31 December 2021
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 2021
1. Carlos G. Dominguez
Ex-Officio Chairman
Secretary, Dept. of Finance
2. Cecilia C. Borromeo
Vice Chairman
President/Chief Executive Officer
3. William D. Dar
Ex-Officio Member
Secretary, Dept. of Agriculture
4. Bernie F. Cruz
Ex-Officio Member
Acting Secretary, Dept. of Agrarian Reform
5. Silvestre H. Bello III
Ex-Officio Member
Secretary, Dept. of Labor & Employment
6. Jesus V. Hinlo, Jr.
Member, Private Sector Representative
7. Nancy D. Irlanda
Member, Private Sector Representative
8. Virgilio D. Robes
Member, Agrarian Reform Beneficiaries Representative
9. Jaime L. Miralles
Member, Agrarian Reform Beneficiaries Representative
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:
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.
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