The Corporate Governance Committee shall be tasked to assist the Board in the performance of its corporate governance responsibilities.
The Audit Committee has oversight of financial reporting, internal control and risk management of the Company.
Majority of the members of the Audit Committee have accounting and finance background. Each member has adequate understanding or competence of Company’s financial management systems and environment.
To assist the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process, and the company's process for monitoring compliance with laws and regulations and code of conduct.
The Audit Committee shall be composed of not less than three (3) Directors, preferably with accounting and finance background, one (1) of them shall be an independent director and another with related audit experience. Each member shall have adequate understanding or competence of Fil-Estate's financial management systems and environment. The members of the Audit Committee shall serve a period of one (1) year or until their successors shall have been duly appointed and qualified.
Terms of Reference/Governance Structure (Approval/Removal of external auditor and internal auditor)
| AUDIT COMMITTEE MEETINGS | |||||
|---|---|---|---|---|---|
| Committee Chair and Members | April 3 |
May 5 |
August 4 | November 10 | Rate/Percentage of Attendance |
| Francisco C. Gonzales | P | P | P | P | 100% |
| Roberto S. Roco |
P | P | P | P | 100% |
| Jose Wilfrido M. Suarez |
P | P | P | P | 100% |
| Solita S. Alcantara |
P | P | P | P | 100% |
The Board Risk Oversight Committee (BROC) shall be responsible for the oversight of a company’s Enterprise Risk Management system to ensure its functionality and effectiveness. read more... Board Risk Oversight Committee Charter
The Related Party Transaction (RPT) Committee shall be tasked with reviewing all material related party transactions of the company.
The Remuneration Policy addresses remuneration on an organization wide basis and is one of the key components of the HR strategy, both of which fully support the overall business strategy. The Main functions of the Remuneration Policy, are to: (1) to support the Metro Global Holdings, Corp. (MGHC) strategy by helping to build a competitive, high performance and innovative company that attracts, retains, motivates and rewards high-performing employees; and (2) to promoted the achievement of strategic objectives.
read more about the remuneration...