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The Governance and Management Team

 

The Company believes that compliance with the principles of good governance begins with the Board of Directors. The Board conducts itself with utmost honesty and integrity in the discharge of its duties, functions, and responsibilities. The Board is vital in setting the ethical tone of the Company, not only by its own actions, but also in appointing and overseeing key executives and management.

The functions of the Board Corporate Governance Committee are laid down in the Manual of Corporate Governance and Board Charter.

Below are the Members of the Board  for 2018-2019:


Below are the Members of the Board for 2017-2018.





 

 


The Company has five board committees established to assist the Board of Directors in its oversight responsibility over the Aboitiz Group:

Board Corporate Governance Committee

 

The Board’s ability to make decisions with governance impact is supported by the work of the Board Corporate Governance Committee. The Board Corporate Governance Committee assists, but does not pre-empt, any board responsibilities in making the final decisions on corporate governance, nomination and compensation matters.

The functions of the Board Corporate Governance Committee are laid down in the Manual of Corporate Governance and Board Corporate Governance Committee Charter.

Below are the members of the Board Corporate Governance Committee for 2018-2019:



Below are the members of the Board Corporate Governance Committee for 2017-2018:

 

Board Audit Committee
 

The Company has a well-entrenched internal audit group, the Group Internal Audit, which is overseen by the Board through the Board Audit Committee. The Board Audit Committee represents the Board in its oversight responsibility over all audit-related matters of the Aboitiz Group. The Committee oversees the optimization of effective financial management, as well as compliance with regulatory reporting requirements for all business units.

The functions of the Board Audit Committee are laid down in the Board Audit Committee Charter.

Below are the members of the Board Audit Committee for 2018-2019:




Below are the members of the Board Audit Committee for 2017-2018:

Board Risk and Reputation Management Committee

The primary purpose of the Board Risk and Reputation Management Committee is to assist the Board, and to some extent the Board Audit Committee, in fulfilling the corporate governance responsibilities relating to risk management and brand reputation. The Committee also assists in defining the Company’s risk appetite and oversees the risk profile and performance against the defined risk appetite. It is also responsible for overseeing the identification, measurement, monitoring and controlling of the Company’s principal business risks.
 

The functions of the Board Risk and Reputation Management Committee are laid down in the Board Risk and Reputation Management Committee Charter.

Below are the members of the Board Risk and Reputation Management Committee for 2018-2019:

 

Below are the members of the Board Risk and Reputation Management Committee for 2017-2018:


 

Board Related Party Transactions Committee


For purposes of ensuring transparency and fairness for all stakeholders, the Board constituted the Board Related Party Transactions (RPT) Committee to review proposed RPTs for the purpose of determining whether or not the transaction is conducted at an arm’s length basis and on terms no less than favorable than any such terms available to unconnected third parties under the same or similar circumstances.
 
The Committee evaluates on an ongoing basis existing relations between and among business and counterparties to ensure that all related parties are continuously identified, RPTs are monitored, and subsequent changes in relationships with counterparties (from non-related to related and vice versa) are captured. 
 
For a full discussion on the purpose, structure, and duties & responsibilities of the Committee, click here for a copy of the Board RPT Charter and RPT Policy.


Below are the members of the Board Related Party Transactions Committee for 2018-2019:



Below are the members of the Board Related Party Transactions Committee for 2017-2018:

 

Executive Committee

The Board of Directors hereby constitutes the Committee to assist the Board of Directors in overseeing the Company’s day-to-day operations. This will ensure agility in the management of the Company and in strategic decision-making, as well as compliance with the Company’s governance policies, during the intervening period between Board meetings. 

For a full discussion on the purpose, structure, and duties & responsibilities of the Committee, click here for a copy of the Executive Committee Charter.


 

Mr. Erramon I. Aboitiz, 62 years old, Filipino, served as President & Chief Executive Officer of AEV since January 2009. He has been a Director of AEV since 1994 and was its Executive Vice President and Chief Operating Officer from 1994 to December 2008. He is also President and Chief Executive Officer of ACO. Mr. Aboitiz likewise holds the following directorships:

 
 
Position Company
Chairman Aboitiz Land, Inc., Aboitiz Infracapital, Inc. San Fernando Electric Light & Power Co. Inc., SN Aboitiz Power Group, Manila-Oslo Renewable Enterprise Inc., Aboitiz Renewables, Inc., Therma Power, Inc., CRH Aboitiz Holdings, Inc., Aboitiz Foundation , Inc.
Vice Chairman Republic Cement and Building Materials, Inc.
Director Aboitiz Power Corporation, Union Bank of the Philippines , Aboitiz & Company, Davao Light & Power Company, Inc. Cotabato Light & Power Company, Apo Agua Infrastructura, Inc., Pilmico Foods Corporattion, PETNET, Inc., Archipelago Insurance Pte. Ltd., and AboitizPower International Pte. Ltd., Philippine Disaster Recovery Foundation.
 
Mr. Aboitiz received his Bachelor of Science degree in Business Administration, major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

 

Mr. Manuel R. Lozano, 47 years old, Filipino, has been Senior Vice President/Chief Financial Officer/Chief Information Officer of AEV since May 18, 2015. He is also an Ex-Officio Member of the Board Risk and Reputation Management Committee since May 18, 2015.

Mr. Lozano was First Vice President/Chief Financial Officer/Corporate Information Officer of AboitizPower from 2014 to 2015. He was the Chief Financial Officer of the Power Generation Group of AboitizPower from 2009 up to 2013.

Mr. Lozano likewise holds the following positions and directorships:
 
Position Company
Chairman Lima water Corporation
Treasurer Aboitiz & Co., Inc., Aboitiz Construction International, Inc., PETNET, Aboitiz Foundation, Inc., Apo Agua, 
Trustee Aboitiz Foundation, Inc.
Director AEV Av, AEV CRH, AEV International, Archipelago Insurance, PANC, Pilmico, RCBM, UnionBank; and alternate director of Pilmico International Pte. Ltd., and AboitizPower International.
 
Before he joined the Aboitiz Group, he was the Chief Financial Officer and a director of Paxys, Inc., a publicly listed company focused on the Business Process Outsourcing (BPO) industry and other IT-related sectors within the Asia Pacific region. He was also a director of Corporate Finance & Investment at NGL Pacific Ltd., a Regional Operating Headquarter related to the Usaha Tegas group of Malaysia. Mr. Lozano has a wide range of experience working in several financial institutions. including Jardine Fleming & CLSA.

He earned his Bachelor of Science in Business Administration degree from the University of the Philippines - Diliman and his Master’s Degree in Business Administration from The Wharton School of the University of Pennsylvania, U.S.A. He is not connected with any government agency or instrumentality. 
 

Business Unit Heads for the year 2018 to 2019.


Business Unit Heads for the year 2017 to 2018.
 The following are the present membership of the Board Secretariat Team:                                                                         
 

Manuel Roberto A. Colayco
First Vice President  and Chief Legal Officer/ Corporate Secretary
Chief Compliance Officer


Mailene M. de la Torre
Assistant Vice-President/Assistant Corporate Secretary
 

Justine M. Cabatingan
Associate General Counsel

Sammy A. Santos
Associate General Counsel


Dana Maria R. Ouano
Stock Transfer Custodian


Tamara O. Plenos
Paralegal
 

Marinel E. Mangubat
Paralegal