CORPORATE GOVERNANCE

BOARD COMMITTEES


MacroAsia Corporation (MAC) is committed to serve and protect the interests of its stockholders, management, employees, government regulatory agencies and stakeholders as it holds the highest level of sound corporate governance. It continues to do business following the principles of integrity, objectivity, accountability and transparency.

MAC ensures that the following general distinct disclosures are integrated in its overall system of corporate governance:

  • Financial data and information disclosure;
  • Ownership structure and control rights;
  • Corporate responsibility and compliance;
  • Management and Board structure and process; and
  • Auditing.

To carry out specified functions, programs or projects, and to pursue a more focused approach to various concerns of the Corporation, the Board created and mandated the following Committees:

Corporate Governance Committee:
The Committee is tasked with ensuring compliance with and proper observance of corporate governance principles and practices. The Committee meets as necessary and is authorized by the Board to help process nominations and appointments of new directors.

Marixi R. Prieto (Independent Director)
- Chairperson
Lucio C. Tan III
- Member
Johnip G. Cua (Independent Director)
- Member
Ben C. Tiu (Independent Director)
- Member
Samuel C. Uy (Independent Director)
- Member
Marivic T. Moya
- Non-Voting Member

Audit Committee:
The Committee reviews all financial reports in compliance with both the internal and regulatory requirements as it performs an oversight role on financial management functions. The Committee also reviews and evaluates related party transactions of the Corporation.

Johnip G. Cua (Independent Director)
- Chairman
Michael G. Tan
- Member
Lucio C. Tan III
- Member
Ben C. Tiu (Independent Director)
- Member
Marixi R. Prieto (Independent Director)
- Member
Samuel C. Uy (Independent Director)
- Member


Related Party Transactions Committee:
The Committee shall have the overall responsibility in ensuring the transactions with related parties are handled in a sound and prudent manner, with integrity, and in compliance with applicable laws and regulations to protect the interest of the Corporation’s shareholders and stakeholders.

Marixi R. Prieto (Independent Director)
- Chairperson
Lucio C. Tan III
- Member
Johnip G. Cua (Independent Director)
- Member
Ben C. Tiu (Independent Director)
- Member
Samuel C. Uy (Independent Director)
- Member


Compensation Committee:
To maintain qualified directors and officers to lead the Company in attaining its goals, the Committee has established a formal and transparent procedure to develop a sufficient executive remuneration.

Johnip G. Cua (Independent Director)
- Chairman
Lucio C. Tan III
- Member
Michael G. Tan
- Member
Ben C. Tiu (Independent Director)
- Member
Samuel C. Uy (Independent Director)
- Member
Marivic T. Moya
- Non-Voting Member


Investment Committee:
The Committee meets as necessary and is tasked to assist the Board to perform its oversight responsibility for the investment assets of the Corporation and helps craft the investment policies.

Dr. Lucio C. Tan
- Chairman
Carmen K. Tan
- Member
Lucio C. Tan III
- Member
Joseph T. Chua
- Member
Vivienne K. Tan
- Member
Johnip G. Cua (Independent Director)
- Member

Risk Management Committee:
The Committee helps the Board understand the risks that the Group is exposed to: market, credit, liquidity, foreign exchange, equity and structural risks, interest-rate risk, insurance, operational, regulatory, compliance and reputation risks. The Committee meets as necessary and its work is closely linked to that of the Audit Committee.

Ben C. Tiu (Independent Director)
- Chairman
Joseph T. Chua
- Member
Michael G. Tan
- Member
Vivienne K. Tan
- Member
Johnip G. Cua (Independent Director)
- Member
Marixi R. Prieto (Independent Director)
- Member
Samuel C. Uy (Independent Director)
- Member


Mining Committee:
The Committee was organized by the Board to assist Management in the pursuit of the mining projects that require top level monitoring and guidance.

Johnip G. Cua (Independent Director)
- Chairman
Joseph T. Chua
- Member
Michael G. Tan
- Member
Eduardo Luis T. Luy
- Member


Contact Information

Address:
12th Floor, PNB Allied Bank Center
6754 Ayala Avenue, Makati City
1226, Philippines.
Phone:
Tel No.:   (+632) 8840-2001
Fax No.: (+632) 8840-1892

 

Email:
info@macroasiacorp.com
Website:
www.macroasiacorp.com

© MacroAsia Corporation 2016