THE BOARD COMMITTEES

The Board has set- up the committees to support the effective performance of the Board’s functions. The committees will monitor the activities and undertake a regular review of matters under their respective areas. The Audit Committee will work to further refine and strengthen internal audit controls. The Compensation Committee will work with the Chairman, the CEO and the head for Human Relations towards enhancing policies on compensation. The Nominations Committee assists the Board in dealing with matters relating to the appointment and removal of directors. The Corporate Governance (CG) Committee was formed on 26 February 2014 to assist the Board of Directors of the Company in performing the corporate governance duties in compliance with PMC’s Corporate Governance Manual, the Revised Code of Corporate Governance of the Securities and Exchange Commission (SEC), and the Corporate Governance Guidelines and the listing rules of the Philippine Stock Exchange (PSE).  The Board Risk Oversight Committee (BROC) was established to align with the Company’s risk management program. Its primary responsibility is to oversee the Company’s risk management practices. The Finance Committee will evaluate financing for Company activities.  The Related Party Transaction (RPT) Committee was created on 26 April 2017 to assist the Board to review all the RPT transactions.