Home Corporate Governance Company Disclosures Investor Relations Corporate Info News 2021 ASM Contact Us Board Committees EXECUTIVE COMMITTEE Name Position Wilfrido V. Vergara Chairman George L. Go Member Romuald U. Dy Tang Member CROWN EQUITIES, INC. EXECUTIVE COMMITTEE CHARTER This Charter establishes the purpose, composition, authority, responsibilities and operations of the Executive Committee of Crown Equities, Inc. (the “Committee”). 1. PURPOSE The Committee’s primary purpose is to function when the Board is not in session. The Committee shall have all the power and authority of the Board in the governance, management and direction of the business and affairs of the Corporation except for those matters expressly provided for in Section 35 of the Corporation Code, the By-Laws and other pertinent laws, rules or regulations. 2. COMPOSITION The Committee shall consist of at least three (3) members of the Board. Members of the Committee shall be appointed by the Board, who shall also appoint a Committee Chairman. In accordance with this, members of the Committee may be removed or replaced, and any vacancies in the Committee shall be filled by the Board. 3. MEETINGS The Committee shall meet at least once every month. The presence of a majority of its members shall constitute a quorum for any meeting. The Committee may invite members of Management or others to attend meetings and provide pertinent information, as necessary. The Corporate Secretary shall be the Committee Secretary, unless otherwise determined by the Committee. The Committee Secretary, under the direction of the Committee Chairman, shall prepare the agenda and provide the Committee Members advance notice of meetings, the agenda, along with appropriate briefing materials. 4. AUTHORITY An act of the Committee which is within the scope of its power shall not require ratification or approval for its validity and effectivity. 5. RESPONSIBILITIES The Committee shall have the following duties and responsibilities. 5.1. Assist the Board in overseeing the implementation of strategies; 5.2 Review of major issues facing the organization; 5.3. Monitor the operating activities of each business group; 5.4. Define and monitor the Corporation’s performance improvement goals; 5.5. Define group-wide policies and actions and oversee implementation; 5.6. Foster the sharing of information in all areas of the business group 5.7. Perform other activities related to this Charter as requested by the Board. 5.8. Review and assess the adequacy of the Committee Charter annually, requesting Board approval for any proposed changes, and ensure appropriate disclosure as may be required by law or regulation. 5.9. Evaluate the Committee’s and individual members’ performance on a regular basis. REPORTING RESPONSIBILITIES 6.1. Regularly report to the Board the Committee’s activities, findings, decisions, deliberations and recommendations. 6.2. Review any other reports the Corporation issues that relate to the Committee responsibilities. ANNUAL REVIEW OF CHARTER The Committee shall conduct an annual review of this Charter and propose any enhancements as may be deemed necessary for Board approval. © Copyright CEI 2021 - Crown Equities Inc.,. ALL RIGHTS RESERVED