Director Compensation

DIRECTOR COMPENSATION
‍AEV’s director compensation framework is designed to support fairness, transparency, and alignment with the Group’s long-term strategy and governance standards.

‍‍HOW COMPENSATION IS REVIEWED
‍The GCRPT Committee oversees the review of director and key executive remuneration through a transparent and collaborative process.

Recommendations are presented, discussed, and considered for approval during the Committee’s first meeting each year.

This process helps ensure that compensation practices remain aligned with the Group’s strategy, performance, and business priorities, while supporting the attraction, retention, and engagement of qualified leaders.

COMPENSATION STRUCTURE
‍Directors receive a monthly allowance and per diem for attendance at Board and Board Committee meetings.

MONTHLY ALLOWANCE

Directors: PHP 150,000 per month
Chairman of the Board: PHP 200,000 per month

PER DIEM FOR BOARD MEETINGS

Directors: PHP 150,000 per meeting
Chairman of the Board: PHP 225,000 per meeting

PER DIEM FOR BOARD COMMITTEE MEETINGS

Committee Member: PHP 100,000 per meeting
Chair of the Committee: PHP 150,000 per meeting

PER DIEM FOR AUDIT COMMITTEE MEETINGS

Committee Member: PHP 100,000 per meeting
Chair of the Audit Committee: PHP 200,000 per meeting

GOVERNANCE SAFEGUARDS
Other than the monthly allowance and per diem, there are no other standard arrangements under which directors are compensated.
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Directors do not participate in discussions or deliberations involving their own remuneration.
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Any proposed changes to Board remuneration are subject to shareholder approval and are disclosed through the appropriate regulatory and public reporting channels.
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In no case may the Board’s total annual compensation exceed 10% of the Company’s net income before income tax for the preceding year.
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The Company seeks to provide meaningful disclosure on director and executive remuneration while respecting privacy and complying with applicable laws and regulations.