COVER SHEET - 2Go
COVER SHEET - 2Go
COVER SHEET - 2Go
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This committee is likewise is responsible in reviewing the management development and succession<br />
policies.<br />
In 2010, the committee membership was as follows:<br />
Chairman<br />
Members<br />
: Jon Ramon M. Aboitiz<br />
: Enrique M. Aboitiz, Jr.<br />
Emily. A. Abrera, Independent Director<br />
Xavier Jose Aboitiz, Ex-Officio member<br />
Lilian P. Cariaso, Ex-Officio member<br />
Mr. Xavier Jose Aboitiz is the Senior Vice President for Human Resources of Aboitiz Equity Ventures,<br />
Inc. (AEV). Ms. Lilian P. Cariaso is the Executive Vice President, Chief Financial Officer and Chief<br />
Resource Officer of ATS.<br />
Starting January 2011, the appointed members of the committee are as follows:<br />
Chairman<br />
Members<br />
: Sulficio O. Tagud, Jr.<br />
: Michelle Lu<br />
Mark E. Williams<br />
AUDIT AND CORPORATE GOVERNANCE COMMITTEE<br />
The Board Audit and Corporate Governance Committee has oversight function over the audit activities<br />
performed by the company’s internal auditors and the nominated external auditor for the year. The<br />
committee oversees internal and disclosure controls and procedures.<br />
The committee also takes the lead in promulgating and overseeing the principles of corporate<br />
governance by reviewing committee charters, directors’ independence as well as code of ethics for<br />
executives, employees and directors.<br />
Composition<br />
The Board Audit and Corporate Governance Committee is composed of three (3) board members, one<br />
(1) of which is an independent director and two (2) ex-officio members.<br />
Chairman<br />
Members<br />
: Washington Z. Sycip, Independent Director<br />
: Justo A. Ortiz<br />
Sabin M. Aboitiz<br />
Stephen G. Paradies, Ex-Officio member<br />
Lilian P. Cariaso, Ex-Officio member<br />
Stephen G. Paradies is Senior Vice President and Chief Finance Officer of AEV.<br />
For 2011, the new Board Audit and Corporate Governance Committee is as follows:<br />
Chairman<br />
Members<br />
: Francis C. Chua, Independent Director<br />
: Michelle Lu<br />
Mark E. Williams<br />
Geoffrey Seeto, Ex-Officio member<br />
Evan C. McBride, Ex-Officio member<br />
Committee Meetings<br />
The Audit and Corporate Governance Committee met three (3) times in 2010. All three meetings were<br />
duly attended by the committee members.<br />
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