Corporate Governance Seal

A. Responsibilities of the Board

Board Composition

Ex-Officio Chairman:     Teresita J. Herbosa

Members:
Public Sector
Board of Directors Designation
 Teresita J. Herbosa  Ex-Officio Chairman
 Jaime Garchitorena  CIC President and CEO
 Baltazar N. Endriga       Member
 Joaquin E. Quintos IV     Member
 Jose R. Cedo                 Member
 Maria Victoria Rotor-Hilado  Member
 Antonio Pio De Roda Member
 Rodolfo V. Timbol Independent Director
 Rodolfo Q. Aquino    Independent Director
 
Private Sector
Board of Directors Designation
 Chamber of Thrift Banks
Member
 Abraham T. Co 
 Bankers Association of the Philippines (BAP)
Member
 Alex G. Ilagan           
 Credit Card Association of the Philippines (CCAP)
Member
 Rural Bankers Association of the Philippines (RBAP)
Member
Hamilcar Rutaquio
(Phil. Cooperative Center)
Member

 

Board Committees: 

Executive Committee (Execom)
(as stated in Section 16.2.1 of GCG Memorandum Circular No. 2012-07)
1. Teresita J. Herbosa (Chair)
2. Joaquin E. Quintos IV
3.  Jaime Casto Jose P. Garchitorena
4.  Suzanne I. Felix
5.  Abraham T. Co

Audit Committee
(as stated in Section 16.2.2 of GCG Memorandum Circular No. 2012-07
1.  Rodolfo Q. Aquino (Chair)
2.  Jose R. Cedo
3.  Baltazar N. Endriga
4.  Rodolfo V. Timbol

Nomination and Remunerations Committee
(as stated in Section 16.2.4 of GCG Memorandum Circular No. 2012-07)                         
1.  Abraham T. Co (Chair)
2. Jaime Casto Jose P. Garchitorena
3.  Alex G. Ilagan

Governance Committee           
(as stated in Section 16.2.3 of GCG Memorandum Circular No. 2012-07)                         
1.  Teresita J. Herbosa (Chair)
2.  Baltazar N. Endriga
3.  Ma.Victoria Rotor-Hilado
4.  Suzanne I. Felix
5. Enrique Abellana

Risk Management and Compliance Committee
(The function of the Risk Management Committee is stated in Section 16.2.5 of GCG Memorandum Circular No. 2012-07)       
1.  Rodolfo V. Timbol (Chair)
2.  Rodolfo Q. Aquino
3.  Jose R. Cedo

Committee for Future Divestment of Government Equity (Privatization) & Legal Committee
(The Privatization Committee was formed to plan the path of CIC when the Philippine Government divests itself of its shares in CIC.  The Legal Committee will go through the comments on the proposed amendments to RA 9510 and its IRR received from the directors and IFC and will report their recommendations to the Board.)

1. Ma. Victoria Rotor-Hilado (Chair)
2. Jaime Casto Jose P. Garchitorena
3. Suzanne I. Felix
4. Alex G. Ilagan
5. Abraham Co                    
6. Hamilcar Rutaquio         
7. Enrique Abellana           
Resource Person: Cyrus Montesa, SEC

ICT Committee and Education Committee
1. Jaime Casto Jose P. Garchitorena (Chair)
2. Joaquin E. Quintos IV
3. Alex G. Ilagan
4. Hamilcar Rutaquio
5. Enrique Abellana
6. Antonio Pio de Roda

Ad Hoc Penalty Committee
1. Ma.Victoria Rotor-Hilado
2. Jaime Casto Jose P. Garchitorena
3. Suzanne I. Felix
4. Alex G. Ilagan
5. Abraham Co
6. Hamilcar Rutaquio
7. Enrique Abellana
Resource Persons: Cyrus Montesa, SEC Leny Silvestre, BSP

Special Accessing Entity (SAE) Evaluation Committee
1. Victoria Rotor-Hilado (Chairperson)
2. Jaime Casto Jose P. Garchitorena
3. Suzanne I. Felix
4. Alex G. Ilagan
5. Abraham Co
6. Hamilcar Rutaquio
7. Enrique Abellana
Resource Person: Cyrus Montesa, SEC

2. Directors' Attendance Record for the Period January 2015 to December 2015

3. Role of the Board in Corporate Strategy

4. Code of Ethics

5. Corporate Secretary
      Atty. Liza H. Abiera

Disclosure and Transparency
Audited Annual Financial Reports

   Year of the Report  Date Receipt From COA
2012 June 25, 2013
2013 June 30, 2014
2014 June 9, 2015
2015  

Annual Reports

Year of the Report Date Published
2014 April 10, 2015
2015  

 Corporate Objectives

 Manual of Corporate Governance

Corporate Social Responsibility
a. Customers’ welfare

  •  Policies
  •  Activities

b. Interaction with the communities

  •  Policies
  •  Activities

c. Environmentally-friendly value chain

  •  Policies
  •  Activities

d. Contact Details for Complaints of Other Stakeholders

e. Employees’ Welfare and Development

Citizen's Charter

System of Rating and Ranking