Nominations and Elections Committee

The Nominations and Elections Committee ("NOMELEC") is an independent committee whose creation has been mandated by the PSE Manual on Corporate Governance and the Securities Regulation Code ("SRC"). In accordance with the SRC, NOMELEC has at least three (3) members, one of whom must be an independent director. Over and above the minimum requirements of the SRC, the Board of Directors has decided to appoint two (2) independent directors to the present NOMELEC. The NOMELEC is tasked with formulating, screening, evaluating and studying qualifications of directors, as well as those recommended to other positions requiring appointment by the Board of Directors. It is likewise tasked with completing the list of directors for nominations in accordance with the SRC as well as finalizing such rules and regulations it may formulate within its jurisdiction for approval by the Board.

Nominations and Elections Committee Members:
1. Vicente L. Panlilio - Member, Independent Director
2. Shirley Bangayan - Member
3. William Ang - Member
4. Edgardo G. Lacson - Member
5. Remy Tigulo - Independent Member
6. Aissa V. Encarnacion - Non-voting member
7. Veronica V. Vicedo-Del Rosario - Non-voting member


Committee Charter
The duties and responsibilities of the Nominations and Elections Committee are reflected under the Updated Manual of Corporate Governance

Corporate Governance Committee

The PSE Board is fully committed to aligning the Exchange's corporate governance (CG) practices to internationally accepted standards. As such, it has designated the Corporate Governance Committee to assist the Board of Directors on issues directly connected with:

a. The Exchange's internal processes, work procedures, and performance;
b. The performance of the President and his Management team;
c. Compensation, benefits and incentives;
d. Succession planning;
e. The overall corporate governance of the Exchange; and
f. Market governance.

Corporate Governance Committee Members:
1. Jose T. Pardo - Chairman, Independent Director
2. Amor C. Illiscupidez - Member
3. Vicente L. Panlilio - Member, Independent Director
4. Wilson L. Sy - Member
5. Eusebio H. Tanco - Member
6. Ma. Vivian Yuchengco - Member


Recognizing that genuine CG improvement could only be done through the partnership between the Board and Management, the Exchange created the Corporate Governance Office (CGO) to complement and support the Committee. The CGO is primarily responsible for directing and managing the fundamental functions of corporate governance, enterprise risk management, and responsible business practice in the Exchange. It is also tasked with undertaking initiatives that would raise corporate governance standards in the Philippine capital markets.

Committee Charter
The duties and responsibilities of the Corporate Governance Committee are reflected under the Updated Manual of Corporate Governance

Audit Committee

The Audit Committee's roles and responsibilities are defined in the Audit Committee Charter approved by the Board of Directors. The Audit Committee provides assistance to the Board of Directors in fulfilling its oversight responsibility to the stockholders relating to:

a. The Exchange's financial statements and the financial reporting process;
b. The system of internal controls and financial reporting controls;
c. Internal audit activity;
d. Related Party Transactions;
e. The annual independent audit of the Exchange's financial statements; and
f. Compliance with the relevant laws, rules and regulations.

Audit Committee Members:
1. Roberto Cecilio O. Lim - Chairman, Independent Director
2. Amor C. Iliscupidez
3. Alejandro T. Yu
4. Anabelle Lim-Chua
5. Eusebio H. Tanco

Committee Charter
The duties and responsibilities of the Audit Committee are reflected under the Audit Committee Charter

Risk Committee

In September 2015, the Board of Directors approved the creation of a Risk Oversight Committee (ROC). Its primary role is to review and recommend to the Board for approval the frameworks and policies for managing risks that are consistent with PSE's risk appetite.

Risk Committee Members:
1. Eddie T. Gobing - Chairman
2. Emmanuel L. Bautista - Member
3. Robert Cecilio Lim - Independent Member
4. Amor C. illiscupidez - Member
5. Alejandru T. Yu - Member

Committee Charter
The duties and responsibilities of the Risk Committee are reflected under the Risk Committee Charter