Has the company set a limit of five board seats that an individual independent/non-executive director/commissioner may hold simultaneously?
No.
n 2020,our two (2) Non-Executive Directors, Mr. Cesar A. Buenaventura and Mr. Antonio Jose U. Periquet, Jr. held more than five (5) directorships in publicly listed companies.
Their concurrent directorships have not affected their effectiveness in exercising their roles and responsibilities as Non-Executive Directors in terms of their time and commitment to our Company.
Our Company has gained from their experience, competencies and expertise through their active participation and insights during Board and Board Committee meetings. In 2020, both Directors had perfect attendance in our Board meetings.