Board Meetings and Attendance (2016)

Vision/Mission
 
The Vision/Mission of the Bank was discussed and approved by the members of the Board of Directors during the Annual Strategic Planning held last November 28-29, 2016. 
 
Board Meetings and Attendance 
 
The schedule of the meetings of the Board of Directors is agreed upon at the beginning of the year. In general, there are at least two meetings scheduled per month, held on every second and fourth Tuesday of each month. As much as practicable, materials for the Board meeting are sent to the members of the Board at least three (3) calendar days before the board meeting. The Corporate Secretary from January to July 2016 was SVP Reynauld R. Villafuerte, a lawyer and the Head of the Legal Services Group, while the Corporate Secretary from August to December 2016 was VP Felix L. Manlangit, a lawyer and the Head of Field Legal Services Department. 
 
For calendar year 2016, the Board of Directors was able to meet 24 times or 100% of the scheduled meetings. Moreover, the Board of Directors and the Heads of Internal Audit Group, Risk Management Group and Compliance Management Group were able to meet separately at least once during the year without the President/CEO present last 10 May 2016.
 
Corporate Governance Committee Meetings
 
The Corporate Governance Committee is composed of six members, namely: Dir. Tomas T. De Leon, Jr. (Chairman); Dir. Victor Gerardo J. Bulatao (Vice-Chairman); Sec. Carlos G. Dominguez (member); DOLE Sec. Silvestre H. Bello III (member); and Dir. Crispino T. Aguelo (member). Per its charter, it has to meet at least every quarter of every year. It held a total of ten (10) meetings in 2016.