Lopez Holdings

 

BOARD COMMITTEES

Audit Committee
The Audit Committee assists the Board in fulfilling its oversight responsibilities for management and financial reporting processes, the system of internal controls, the maintenance of effective internal and external audit processes, and the Corporation’s process for monitoring compliance with laws and regulations. The committee has three members, all independent directors. Lopez Inc. serves as the internal auditor of the Corporation.

The committee had four meetings in 2020, at which all members were present.

Click here for the Audit Committee report for the year ended 2020.

Members
Mr. Cesar E. A. Virata – Chairman
Mr. Monico V. Jacob - Member
Amb. Lilia R. Bautista - Member

Audit Committee Charter

Attendance of Members in Audit Committee Meetings

2020

Jun 10

Aug 25

Nov 12

Dec 10

Cesar E.A. Virata

P

P

P

P

Monico V. Jacob

P

P

P

P

Lilia R. Bautista

P

P

P

P

 A – ABSENT P – PRESENT

Corporate Governance Committee
The Corporate Governance Committee assists the Board (i) in the performance of its corporate governance responsibilities, including the determination of the process for the nomination and election of directors, and for the appointment and promotion of senior officers, (ii) in the performance of the functions that were formerly assigned to the Compensation and Remuneration Committee, and (iii) in reviewing all material related party transactions of the Corporation. The committee has three members, all independent directors.

The committee had three meetings in 2020, at which all members were present.

Members
Amb. Lilia R. Bautista – Chairman
Mr. Cesar E. A. Virata – Member
Mr. Monico V. Jacob - Member

Corporate Governance Committee Charter

Attendance of Members in Corporate Governance Committee Meetings

2020

Jun 24

Aug 25

Aug 28

Lilia R. Bautista

P

P

P

Cesar E.A. Virata

P

P

P

Monico V. Jacob

P

P

P

Board Risk Oversight Committee

The Board Risk Oversight Committee assists the Board in ensuring that there is an effective and integrated risk management process in place. It is responsible for the oversight of the Corporation’s Enterprise Risk Management system to ensure its functionality and effectiveness. The committee has four members, three of whom are independent directors. The committee met once in 2020, at which all members were present.

Members:
Mr. Monico V. Jacob – Chairman
Mr. Cesar E.A. Virata – Member
Amb. Lilia R. Bautista - Member
Mr. Salvador G. Tirona - Member

Board Risk Oversight Committee Charter

Governance Protocol

Lopez Holdings is in full compliance with the Manual of Corporate Governance. The Company submitted its Integrated Annual Corporate Governance Report for 2020 in June 2021. It complies with governance regulatory requirements. In 2020, it filed the required disclosures with the Securities and Exchange Commission and the Philippine Stock Exchange, which are all available for downloading on this page of this website.

Directors and officers are required to inform the Company within two trading days when transacting in company shares, regardless of whether the dealings are within or outside the blackout periods.

Lopez Holdings has standing policies governing insider trading, conflict of interest, material related party transactions, anti-bribery and corruption, whistle blowing, nomination and election of directors, and data privacy, all approved by the board. These policies are available for downloading on this page of this website.

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CONTACT US

Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009