Board Meetings
The Board schedules meetings at the last quarter of the preceding year, holds regular meetings in accordance with its Amended By-Laws, and convenes special meetings when required by business exigencies. The notice and agenda of the meeting and other relevant meeting materials are furnished to the directors at least five (5) business days prior to each meeting. As can be seen in the Attendance of Meetings, the Independent Directors have complete attendance for 2022.
Unless otherwise provided in the Amended By-Laws, their absence shall not affect the quorum requirement.
There were four (4) regular Board meetings and one (1) organizational Board meeting in 2022. In each meeting, there was a quorum, consisting 2/3 of the number of directors, because all were present.
All directors were also present in the virtual Annual Stockholders’ Meeting (“ASM”) held on May 13, 2022.
As approved by the Board on March 29, 2023, the Non-Executive Directors/Independent Directors shall have separate periodic meetings with the external auditor and heads of the internal audit, compliance and risk functions, without any executive present, and led by the Lead Independent Director.
Attendance of Directors in Board Meetings:
| Directors | No. of Actual Meeting Held / Attended | Attendance Percentage |
|---|---|---|
| James L. Go | 4/4 | 100% |
| Lance Y. Gokongwei | 4/4 | 100% |
| Patrick Henry C. Go | 4/4 | 100% |
| Robina Y. Gokongwei-Pe | 4/4 | 100% |
| Johnson Robert G. Go, Jr | 4/4 | 100% |
| Jose T. Pardo | 4/4 | 100% |
| Renato T. De Guzman | 4/4 | 100% |
| Antonio L. Go | 4/4 | 100% |
| Artemio V. Panganiban, Jr. | 4/4 | 100% |