The following eight (8) Board Committees have been instrumental in setting the tone for the corporate governance practices of the Bank, its subsidiaries and affiliates, namely: Board Executive Committee; Corporate Governance/Nomination/Remuneration & Sustainability Committee; Board Audit and Compliance Committee; Board Risk Oversight Committee; Board Trust Committee; Board Oversight RPT Committee; Board IT Governance Committee and Board Strategy and Policy Committee, replacing Board Oversight Committee – Domestic Foreign Offices/Subsidiaries as approved by the Board in February 2018.

  • The Board Strategy & Policy Committee. shall be the governing board committee to exercise authority and to delegate to management the implementation of the board approved strategic plans and policies.

    View Members | View Charter

    BOARD CREDIT & POLICY COMIITTEE

    1. FELIX ENRICO R. ALFILER * – Chairman
    2. FLORIDO P. CASUELA – Member
    3. LEONILO G. CORONEL– Member
    4. EDGAR A. CUA * – Member
    5. CHRISTOPHER J. NELSON – Member
    6. FEDERICO C. PASCUAL * – Member
    7. MICHAEL G. TAN – Member
    8. VIVIENNE K. TAN – Member
    9. FLORENCIA G. TARRIELA * – Member

    * Independent Directors

  • Executive Committee. The purpose of the Committee is to review, discuss, note, approve and/or endorse to Board:
    1. management proposals on credit facilities; investment in financial assets; and borrowings and capital raising, updates and reports on credit, transactional, administrative and other matters;
    2. policies, procedures, and manuals of products and services other than personnel policies, as proposed/initiated by Management; and

    The Committee provides oversight and focus on specific areas to ensure long term viability of the Domestic and Foreign Offices/Subsidiaries consistent with the Parent Bank strategic goals.

    View Members | View Charter

    EXECUTIVE COMMITTEE

    1. FLORIDO P. CASUELA – Chairman
    2. LEONILO G. CORONEL – Member
    3. REYNALDO A. MACLANG – Member
    4. CHRISTOPHER J. NELSON – Member
    5. LUCIO K. TAN JR. – Member
    6. MICHAEL G. TAN – Member
    7. VIVIENNE K. TAN – Member
  • The Board Oversight RPT Committee was created to assist the Board in performing its oversight functions in monitoring and managing potential conflicts of interest of shareholders, board members, management, and other stakeholders

    View Members | View Charter

    BOARD OVERSIGHT RPT COMMITTEE

    1. FEDERICO C. PASCUAL * – Chairman
    2. CECILIO K. PEDRO * – Member
    3. EDGAR A. CUA * – Member

    * Independent Directors

  • The Board IT Governance Committee was created to assist the Board in performing its oversight functions in reviewing, approving and monitoring the IT Risk Management Framework and IT Strategic Plan of the PNB Group.

    View Members | View Charter

    BOARD IT GOVERNANCE COMMITTEE

    1. LEONILO G. CORONEL – Chairman
    2. FLORIDO P. CASUELA – Member
    3. CHRISTOPHER J. NELSON – Member
    4. LUCIO K. TAN JR. – Member
    5. VIVIENNE K. TAN – Member
    6. FLORENCIA G. TARRIELA * – Member

    * Independent Directors

  • The Board Audit and Compliance Committee (BACC) is a standing committee of the Board of Directors (“Board”). The purpose of the Committee is to:
    1. Assist the Board in the performance of its oversight responsibility relating to financial reporting process, systems of internal control, audit process and monitoring of compliance with applicable laws, rules and regulations;
    2. Provide oversight functions over internal and external auditors and ensure that the internal and external auditors act independently from each other;
    3. Provide oversight over compliance functions and/or oversee the compliance program;
    4. The annual independent audit of PNB’s financial statements, the engagement of the External Auditors and the evaluation of the External Auditor’s qualifications, independence and performance;
    5. The compliance by PNB with legal and regulatory requirements, including PNB’s disclosure controls and procedures; and
    6. The fulfillment of the other responsibilities set out herein.

  • View Members | View Charter

    BOARD AUDIT AND COMPLIANCE COMMITTEE

    1. EDGAR A. CUA * – Chairman
    2. FELIX ENRICO R. ALFILER * – Member
    3. FLORENCIA G. TARRIELA * – Member

    * Independent Directors

  • The Risk Oversight Committee was created to assist the board to oversee the risk profile and approves the risk management framework of PNB and its related allied subsidiaries and affiliates. It is mandated to set risk appetite, approve frameworks, policies and processes for managing risk, and accept risks beyond the approval discretion provided to Management.

    View Members | View Charter

    RISK OVERSIGHT COMMITTEE

    1. CECILIO K. PEDRO * – Chairman
    2. FELIX ENRICO R. ALFILER * – Member
    3. FLORIDO P. CASUELA – Member
    4. EDGAR A. CUA *
    5. LEONILO G. CORONEL – Member
    6. VIVIENNE K. TAN – Member

    * Independent Director

  • The Corporate Governance/Nomination/Remuneration & Sustainability Committee was created to align existing regulations with international best practices and standards that promote good corporate governance such as the “Principles for Enhancing Corporate Governance”, to assist the Board of Directors in fulfilling its corporate governance responsibilities; and ensure the Board’s effectiveness and due observance of corporate governance principles and guidelines.

    View Members | View Charter

    CORPORATE GOVERNANCE/NOMINATION/REMUNERATION & SUSTAINABILITY COMMITTEE

    1. FLORENCIA G. TARRIELA * – Chairman
    2. FELIX ENRICO R. ALFILER * – Member
    3. FEDERICO C. PASCUAL * – Member
    4. CECILIO K. PEDRO *- Member

    * Independent Directors

  • The Trust Committee is a special committee which reports directly to the Board of Directors and is primarily responsible for overseeing the fiduciary activities of the Bank.

    View Members | View Charter

    TRUST COMMITTEE

    1. CHRISTOPHER J. NELSON- Chairman
    2. VIVIENNE K. TAN – Member
    3. FEDERICO C. PASCUAL * – Member
    4. REYNALDO A. MACLANG – Ex-Officio

    * Independent Directors

The board committee meetings are generally held on a monthly basis, except for the Board Strategy and Policy Committee and Executive Committee, which are held weekly. The board committee secretariats are responsible for ensuring that the agenda and materials are provided to the members prior to the meetings and that discussions are properly recorded and duly endorsed to the Board.