Board Performance

Our Board of Directors, together with management, fully understand that the corporate governance proactive culture begins with leaders of the company.

 

Apart from compliance with internal policies and procedures, the Board of Directors performs an annual self-assessment exercise to assess their individual and collective performance as well as their co-directors’ and management’s. The self-assessment exercise is done through a self-assessment questionnaire given to each director to ensure the effectiveness of their governance, to reflect on the performance of top management including the President and CEO, to highlight specific strengths, and to identify areas of improvement. It also provides a venue for the board members to identify priorities for the Board and the company for the succeeding year. The assessment is comprised of appraisal of the Board, of individual directors, of the different Board Committees, as well as of the management. The questionnaire covers a thorough evaluation criteria focusing on structure, efficiency, and effectiveness of the Board, participation and engagement of each Board member, contribution of each Board member to their respective Committees as well as the performance of management. The criteria also reflect the specific duties, responsibilities, and accountabilities of each Board member assessed according to our strategic direction and business strategies as provided in the company By-Laws, Manuals, Charters and governing policies. The self-assessment exercise is facilitated by our Compliance Officer.

 

An annual executive session also takes place dedicated to evaluating and discussing matters concerning the Board, including evaluating the company’s performance and an independent review of its management team.

 

In 2016, the non-executive directors met, without our executive director and management, to discuss key issues facing the company.

 

Director Training and Continuing Education Program

 

To execute their roles well, training on CG is given to directors prior to assuming office. This is also institutionalized in our MCG. The Board, together with the key officers, also actively attend training programs annually to keep abreast of updates in CG standards and relevant discussions to support their leadership roles in Globe Telecom. Last March 2016, members of the Board and key officers participated in the CG Summit conducted by the Ayala Group in collaboration with the Institute of Corporate Directors (ICD) in compliance with the SEC directive for all key officers and members of the Board of publicly-listed companies to attend a program on CG. Other directors attended various CG seminars conducted by SEC-accredited CG training providers later during the year, including an in-house CG seminar conducted by Risks, Opportunities, Assessment and Management (ROAM) last December 5. Discussions on topics during these seminars included the SEC Annual Corporate Governance Report (ACGR), updates on the ASEAN Corporate Governance Scorecard (ACGS), and the 2016 SEC Code of Corporate Governance, among others. These seminars also provide a venue for directors and key officers to learn about other CG cases relevant to Globe Telecom’s business.

 

The attendance of our Board and key officers to the CG training programs and seminars are properly and timely disclosed to the SEC, PSE, PDEx, and posted on our company website.

 

There is likewise an annual strategy workshop held at the beginning of the year to discuss the strategic direction of the company for the entire year.

Board of Directors

  • Jaime Augusto Zobel de Ayala

    CHAIRMAN

  • Fernando Zobel de Ayala

    CO-VICE CHAIRMAN

  • Lang Tao Yih, Arthur

    CO-VICE CHAIRMAN

  • Ernest L. Cu

    DIRECTOR, PRESIDENT AND CEO

  • Delfin L. Lazaro

    DIRECTOR

  • Samba Natarajan

    DIRECTOR

  • Romeo L. Bernardo

    DIRECTOR

  • Jose Teodoro K. Limcaoco

    DIRECTOR

  • Rex Ma. A. Mendoza

    INDEPENDENT DIRECTOR

  • Manuel A. Pacis

    INDEPENDENT DIRECTOR

  • Saw Phaik Hwa

    INDEPENDENT DIRECTOR

Committed to Creating More Value for Shareholders