COMPENSATION AND REMUNERATION COMMITTEE
The Compensation Committee has established a formal and transparent procedure for developing a policy on executive remuneration and for fixing the remuneration packages of corporate officers and directors. It has three members, two of whom are independent directors. The committee met twice in 2014, and all members were present at said meetings.
Mr. Manuel M. Lopez – Chairman
Mr. Cesar E.A. Virata – Member
Mr. Washington Z. SyCip – Member