Source: https://www.bdo.com.ph/business/leasing-financing/about-us/corporate-governance
Timestamp: 2020-08-14 12:24:54
Document Index: 724141059

Matched Legal Cases: ['art 2', 'art 3', 'art 1', 'art 2', 'art 1', 'art 2', 'art 3', 'art 1']

Corporate Governance | BDO Unibank, Inc.
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About Us Corporate Governance Investor Relations Company Disclosures
Revised Manual on Corporate Governance as of November 7, 2018
Revised Manual on Corporate Governance as of April 13, 2018
Revised Manual on Corporate Governance as of November 10, 2017
Manual on Corporate Governance 2016
Manual on Corporate Governance 2015
Revised Manual on Corporate Governance as of June 16, 2014
Manual on Corporate Governance as of March 6, 2014
Certificate of Compliance with Manual on Corporate Governance
Updates and changes in ACGR September 2016
Updates and changes in ACGR as of June 2016
2015 Updates and Changes in ACGR
ACGR as of 2014
ACGR as of 2012
To assist the Board in discharging its roles and functions effectively, it delegates to six (6) Committees specific responsibilities based on clearly defined mandates as follows:
Chairperson: Nestor V. Tan
Members: Teresita T. Sy
Roberto E. Lapid
Walter C. Wassmer
Antonio N. Cotoco
The Board has empowered the Executive Committee to act on its behalf as the main approving body for Company exposures particularly approval/confirmation of credit proposals, investments, disposal of acquired assets and other projects or initiatives to enhance the Company’s operating and service delivery capabilities within the authority delegated by the Board.
The Committee met 50 times in 2014 with Ms. Teresita T. Sy attending 41 meetings, Mr. Roberto E. Lapid, 48 meetings, Mr. Nestor V. Tan, 35 meetings, Mr. Walter C. Wassmer, 49 meetings, and Mr. Antonio N. Cotoco, 41 meetings.
Chairperson: Ma. Leonora V. De Jesus (Independent Director)
Members: Jesse H.T. Andres (Independent Director)
Jesus G. Tirona (Independent Director)
The Audit Committee provides oversight of the internal and external audit functions and ensures both the independence from management of internal audit activities. It recommends the appointment and removal of external auditors, fixation of audit fee and approval of payment of fees for any other services rendered by the auditors. It oversees the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statements are correct, sufficient and credible and ensures compliance with regulations governing financial reporting. It reviews with management the financial statements before submission to the Board. It approves the annual audit plans of the internal and external auditors and reviews their reports of examination including that of wholly owned subsidiaries focusing on significant findings and their resolutions. It reviews and evaluates together with the external and internal auditors the system of internal and financial controls, governance processes and risk management policies as designed and implemented by senior management for adequacy, effectiveness and improvements. It also reviews the report of the Bangko Sentral ng Pilipinas (BSP) and tracks resolution of findings of BSP, External Auditors or Internal Auditors. Likewise, it monitors and reviews non-loan related cases and items in litigations. It also performs yearly assessment of its function to measure its own performance as well as assessment of the functions under its oversight, namely, Internal Audit, External Audit and Compliance. It has authority to investigate any matter within its Terms of Reference.
In performing its oversight responsibilities, the Audit Committee provides to the Board assurance on the existence of an effective internal control environment that ensures the efficiency and effectiveness of operations, reliability of financial and other management information, adequacy of disclosures and compliance with relevant laws and regulations. For the 2014 financial year, the Audit Committee has reviewed the audited financial statements with management and external auditors and based on the opinion of the External Auditors, the financial statements are fairly presented in conformity with the relevant financial reporting standards in all material aspects. It reports that it has evaluated the effectiveness of the internal controls, risk management systems and governance processes of the Company based on information obtained from the External Auditor, the reasonable assurance provided by the Internal Auditor and additional reports and information requested from Senior Management, and found that these are generally adequate across the BDO Leasing and Finance, Inc. and its subsidiary. The Company’s systems are assessed as generally adequate and its operational risk is deemed moderate.
The Committee held 12 meetings in 2014. Jesse H.T. Andres attended 12 meetings. Both Ma. Leonora V. De Jesus and Jesus G. Tirona attended 11 meetings.
Chairperson: Jesus G. Tirona (Independent DIrector)
Ma. Leonora V. De Jesus (Independent Director)
Antonio N. Cotoco*
The Corporate Governance Committee assists the Board in formulating the policies and overseeing the implementation of the corporate governance practices of the Company and its subsidiaries and affiliates. Annually, it conducts the performance of self-evaluation of the Board of Directors, its committees, executive management and peer evaluation of directors to assess the overall effectiveness of the Board. It also oversees the implementation of the Directors Orientation and Continuing Education Program.
In 2014, it undertook the updating and revisions of the Corporate Governance Manual to align with the requirements of SEC and the ASEAN Corporate Governance Scorecard (ACGS), published the Company’s compliance with OECD principles on Corporate Governance and conducted again the annual performance review of the Board, committees, directors and executive management. On continuing education, 3 separate sessions of the Exclusive Corporate Governance Seminar were conducted by accredited training providers of the SEC attended by members of the Board of Directors and Senior Management of the Company.
The Independent Directors and Non-Executive Directors, chaired by Lead Director Jesus G. Tirona met during the year without the presence of senior management to discuss various matters/issues outside of the regular meetings of the Audit and Risk Management Committees. The results of these sessions were discussed with the Chairperson, the President and concerned senior officers.
The Committee also initiated the enhancements of corporate governance policies of the Company with the implementation of the Related Party Transactions Policy, establishment of the Related Party Transactions Committee, adoption of a formal Dividend Policy and revisions of the Term Limit of Independent Directors, Whistle Blower Policy and Code of Conduct and Business Ethics.
To ensure full disclosure and transparency, the Committee undertook the submission of Annual Corporate Governance Report to the SEC and updated the corporate website.
The Corporate Governance Committee met four (4) times in 2014 with Messrs. Jesus G. Tirona, Jesse H.T. Andres and Ma. Leonora V. De Jesus attending all meetings. Antonio N. Cotoco attended 1 of 1 meeting.
*End of term on April 23, 2014
Chairperson Jesse H.T. Andres (Independent Director)
Member Antonio N. Cotoco
The Nominations Committee leads the process of identifying and recommending candidates for appointment as Directors and for other key positions taking into account the experience, expertise, knowledge and skills of the candidates giving full consideration to succession planning and the leadership needs of the Company. It recommends the composition and chairmanship of the various committees. It reviews the structure, size and composition of the Board, including the balance of skills, knowledge and experience and the independence of the nonexecutive Directors, and recommends changes if necessary. It also reviews all nominations for the appointment, re-appointment, election or re-election of Directors of the Company and members of the various committees considering their performance, commitment and ability to contribute to the Board and makes recommendations to the Board on appointment of new Directors, when necessary.
In 2014, the Committee approved the nominations of the regular directors of the Company and conducted a search and nominated a regular director to replace a resigned director. It also revised its Terms of Reference specifically the process of identifying candidates for appointment as Directors.
The Committee met once in 2014. Messrs. Jesse H.T. Andres and Antonio N. Cotoco and Ms. Ma. Leonora V. De Jesus attended the said lone meeting.
Member: Roberto E. Lapid
**Antonio N.Cotoco
Jesse H.T. Andres* (Independent Director)
The Risk Management Committee is responsible for the development of the Company’s risk policies, defines the appropriate strategies for identifying, quantifying, managing and controlling risk exposures including preventing and/or minimizing the impact of losses when they occur. It supports the Board in performing its risk oversight functions and reviews the overall risk management philosophy, risk strategy and risk tolerance levels, oversees the implementation and review of the risk management plan on an integrated enterprisewide basis, system of limits of management of discretionary authority delegated by the Board and takes immediate corrective actions when breached. It is also responsible for reassessing the continued relevance, comprehensiveness and effectiveness of the risk management plan, and revises it when needed. The Committee also reviews risk reports that control and monitor risk exposures and limits.
In 2014, the Committee conducted regular discussions on Company’s risk exposures and mitigation of these risks, approved the renewal of risk management policies and limits and newly developed risk management models
and reviewed the performance of the existing risk management models. It also reviewed and updated the Committee’s Terms of Reference in compliance with BSP Circular 749.
The Committee met 4 times in 2014 with Messrs. Nestor V. Tan and Antonio N. Cotoco attending all meetings while Jesse H.T. Andres attended 3 meetings and Roberto E. Lapid attended 1 meeting.
* Appointed April 23, 2014
** End of term April 23, 2014
Chairperson: Jesse H.T. Andres (Independent Director)
Member: Jeci A. Lapus (Non-Executive Director)
Adviser: Antonio N. Cotoco
The Related Party Transactions Committee assists the Board in its oversight of the conduct of all Related Party Transactions (RPTs) to protect the interests of the Company and its stakeholders. It ensures proper disclosure of all approved RPTs in accordance with applicable legal and regulatory requirements and confirmation by majority vote on the Annual Stockholders’ meeting the Company’s significant transactions with related parties.
The Committee was constituted on December 10, 2014. No meeting was held in 2014. Prior to the establishment of the Committee, the review and approval of RPTs were done by the full Board of Directors with the Director who is a related party abstaining from the deliberation and voting. In performing their oversight functions, the RPTC will review all material RPTs and endorse to the full Board of Directors for approval with the Director who is a related party abstaining from the deliberation and voting.
Donated furniture, fixtures and equipment through SM Foundation for the following beneficiaries:
Bahay ni Maria (c/o BDO Leasing San Pablo branch)
Gawad Kalinga (c/o BDO Leasing Davao branch)
Gulong ng Palad (c/o BDO Leasing CDO branch)
Ultimately, the Bank through BDO Foundation Inc. aims to be a major catalyst in the creation of opportunities for the under-priviledged and in the country's socio-economic development.
Related Party Transaction as of October 2019
Policy on Retirement of Directors
Policy on Disclosure on Sensitive Information/Confidential Matters
Checklist to determine RPT
2nd Revised Related Party Transaction Policy
1st Revised Related Party Transaction Policy
BDOLF Dividend Policy Statement
SEC 17A (Annual Report)
2019 BDOLF SEC Form 17A
2018 BDOLF SEC Form 17A
2017 BDOLF SEC Form 17A
2016 BDOLF SEC Form 17A
2015 BDOLF SEC Form 17A
2014 BDOLF SEC Form 17A
2013 BDOLF SEC Form 17A
2012 BDOLF SEC Form 17A
2011 BDOLF SEC Form 17A
2010 BDOLF SEC Form 17A
2009 BDOLF SEC Form 17A
SEC 17Q (Quarterly Reports)
2016 SEC - 2nd Quarter
2016 SEC - 1st Quarter
2015 SEC - 3rd Quarter
2015 SEC - 2nd Quarter
2015 SEC - 1st Quarter
2014 SEC - 3rd Quarter
2014 SEC - 2nd Quarter
2014 SEC - 1st Quarter
2013 SEC - 3rd Quarter
2013 SEC - 2nd Quarter
2013 SEC - 1st Qtr
2013 SEC - 1st Qtr - Amended
2012 SEC - 3rd Quarter
2012 SEC - 2nd Quarter
2012 SEC - 1st Quarter
2011 SEC - 3rd Quarter
2011 SEC - 2nd Quarter
2011 SEC - 1st Quarter
2010 SEC - 3rd Quarter
2010 SEC - 2nd Quarter
2010 SEC - 1st Quarter
2009 SEC - 2nd Quarter
2009 SEC - 1st Quarter
2008 SEC - 3rd Quarter
2008 SEC - 2nd Quarter
2008 SEC - 1st Quarter
SEC 17-C (Current Report)
2018 Official Disclosure
Change in Number of Issued and Outstanding Shares (as of February 15, 2018)
2016 Official Disclosure
Statement to the Press - BDO Nomura Launches Online Trading Platform
2015 BAC Self-Assessment
SEC approval on the incorporation and registration of MMPC Auto Financial Services Corporation
Results of Organizational Meeting
2015 Corporate Governance Guidelines Disclosure Template
Setting of the date of Annual Shareholder's Meeting
Declaraton of Cash Dividend
2015 Official Disclosure
Appointment of Atty. Ma. Cecilia S. Santos as Assistant Corporate Secretary and Alternate Corporate Information Officer
Resignation of Atty. Angelita Cortez as Assistant Corporate Secretary
Declaration of Cash Dividend, Amendment to the agenda of the ASM, Amendment of Articles of Incorporation, February 25, 2015
Results of Annual Stockholder's and Organizational Meeting
Press Release BDO Leasing Post P504m profit in 2014 1Q15 profit at P130m
PSE Disclosure Survey
Press Release of BDOLF profits up 20% to 504 million in 2014
Setting of Annual Stockholders Meeting, Appointment of the members of Related Party Transactions Committee, January 14, 2015
2014 Official Disclosure
Clarification Letter to PSE
Summary of Assessment of Board Audit Committee for the year 2013, July 17, 2014
Results of the Annual Stockholders' & Organizational Meeting
PSE Compliance Report on Corporate Governance for the year 2013
Declaration of Cash Dividend, Amendment of Articles of Incorporation and Appointment of Compliance Officer
Resignation and Appointment of Corporate Officers
Setting of Annual Stockholders' Meeting and Resignation of Officers
2013 Official Disclosure
Clarification of news article 'BDO Leasing's P15-B STCP Gets High Rating'
Results of the BDOLF Annual Stockholders Meeting and Organizational Meeting
Request for extension to file SEC Form 17A
Press Release BDOLF stands to benefit from economys growth momentum
Clarification on news article BDO arm upbeat on growth
2012 Official Disclosure
BDOLF Annual Stockholders Meeting April 17,2013-12.12.12
BDOLF's Reply to news article dated 12.10.12
Resignation of Directors and Advisers 10.31.12
BDOLF Disclosure
Summary of Assessment by Board Audit Committee for the year 2011
BDOLF Reply to PSE
BDO Leasing Annual Stockholders Meeting and Organizational Meeting
BDOLF sees better prospects this year
News Article Clarification
Amendment to Articles of Incorporation and Revised Notice of the ASM
Setting of the Annual Stockholders Meeting of BDO Leasing
2011 Official Disclosure
Resignation and Appointment of Registrants Directors or Officers (October 05, 2011)
BDOLF Cash Dividend (June 29, 2011)
BDOLF Directors and Corporate Officers (May 5, 2011)
BDOLF Press Release Loan Portfolio 2010 (March 3, 2011)
BDOLF Agenda of the 2011 ASM (March 21, 2011)
Resignation of Registrants Directors and Officers(Feb 2, 2011)
BDOLF Definitive Information Statement for 2014 Annual Stockholders Meeting
BDOLF Definitive Information Statement (DIS) for 2013 Annual Stockholders' Meeting
Information Statement Pursuant to Section 20 of the Securities Regulation Code
Minutes for the Annual Meeting of Stockholders
Management Report to Stockholders
Notes To Financial Statements Part 2
Notes To Financial Statements Part 3
Annex A Certification of Qualification of Independent Directors
Annex B SEC 17Q Part
Statement of Managements Responsibility for Financial Statements
Notice of Annual Stocholders Meeting
Information Statement Pursuant to Section 20 of the Securities Regulation Code - Part 1
Information Statement Pursuant to Section 20 of the Securities Regulation Code - Part 2
Management Report to Stockholders - Part 1
Management Report to Stockholders - Part 2
Management Report to Stockholders - Part 3
Notes to financial statements part 1
Statement of Management 's Responsibility for Financial Statements
SEC 23-A/B (Statement of Beneficial Ownership)
Appointment of Angelita C. Tad-Y
Appointment of Vicente S. Perez
SEC Form 23-A (Ma. Cecilia S. Santos)
SEC Form 23-A (Jeci Lapus)
SEC Form 23-A (Peter Blair S. Agustin
SEC Form 23-A Georgiana A Gamboa
BDOLF SEC Form 23-A
SEC Form 23-A (Luis S. Reyes Jr.)
Amended 2019 GIS
2017 Amended GIS
Amended GIS
2016 Amended GIS
2014 Amended GIS
Notice of Annual/Special Stockholders' Meetings
Notice and Agenda of July 21, 2020 Special Stockholder’s Meeting
Notice of Suspension of BDOLF SSM
Notice of 2020 Special Stockholder's Meeting
Notice of 2019 Annual Stockholder's Meeting
Notice of Annual Stockholders
Notice and Agenda to 2018 Annual Stockholders Meeting
Amendment to the Notice and Agenda of 2017 Annual Stockholders Meeting
Notice and Agenda of 2017 Annual Stockholders Meeting
Notice and Agenda of the 2016 Annual Stockholders' Meeting
Amendment to the agenda of the 2015 Annual Stockholders Meeting
Notice and Agenda of the 2015 Annual Stockholders Meeting
Minutes of General/Special Stockholders' Meetings
Minutes of 2020 Special Stockholders' Meeting
Minutes of 2019 Special Stockholders' Meeting
Minutes of 2018 Special Stockholder's Meeting
Minutes of 2017 Special Stockholder's Meeting
Minutes of 2016 Special Stockholder's Meeting
Minutes of 2015 Special Stockholder's Meeting
Minutes of 2014 Special Stockholder's Meeting
Other Disclosures to SEC, PSE and other agencies
Reply to inquiry on Unusual Price Movement
Certification of Qualifications of Independent Directors
Advisement Letter on Board of Directors Attendance of Meetings 2014, January 6, 2015
2014 BDOLF Certification of Qualification of Independent Directors
Certification on Attendance of Board of Committees
Certfication on Attendance of Members of the Board of Directors
2013 Attendance of Board Committees
2013 Attendance of BOD
Leasing Posts Stable Revenues in 1H 2019
BDO Leasing Revenues Up 2% in 1Q 2019
BDO Leasing sells stake in JV
BDO Leasing earns P331 million in 2018
BDO Leasing earns P248 million in Jan-Sept 2018
BDOLF posts 178M profit in 1H 2018
BDO Leasing earns P90 Million Profit in 1Q 2018
BDO Leasing Earns 570 Million in 2017
PhilRatings Assigns High Issuer Credit Rating for BDO Leasing
BDO Leasing Posts P406 Million Income in 9M of 2017
BDO Leasing Earns P282M in 1H 2017
BDO Leasing earns 144M in Profit (1Q of 2017)
BDO Leasing posts P570 million profit in 2016
Press Release - BDO Leasing earns 570M in 2016
2016 Philratings News BDO Leasing's High Credit Rating - PRSAa
Press Release - BDO Leasing post P425 million income in 9M 2016
BDOLF Leasing Profits up 12.3% to 282 million in 1H 2016
BDO Leasing Net Income at P556 million in 2015 1Q16 Profit up 11% to P144 million
BDO Leasing sign Joint Venture Agreement
2015 Philratings News BDO Leasing's STCP - PRS 2
BDO Leasing profits up 10% to P556 million in 2015
BDO Leasing posts P387 million income in 9M 2015
2014 PhilRatings News BDO Leasing's 15Billion in STCP - PRS 2
BDO Leasing to raise P10b from debt mart
BDO Leasing posts 23% higher income
2013 Philratings News- BDO Leasing's 15.0B Short-term Commercial Papers Rated
2012 Philratings News- BDO Leasing's Proposed P15.0B Short-term Commercial
Papers Rated PRS 2 minus
2011 Philratings News- BDO Leasing's Proposed P15.0B Short-term Commercial
2010 Philratings News- BDO Leasing's Proposed P12.0B Short-term Commercial
2009 Philratings News- BDO Leasing's Proposed Php80.0 Billion in STCPs Get PRS2