Menu

Meetings

Board meetings are scheduled before the start of the financial year, usually approved by the Board of Directors during their last meeting of each year. The schedule is posted under the Corporate Governance (CG) section of our company website. Committee meetings are scheduled by the respective committees. Consultation with, reports from, and discussion with Management on specific financial and operational matters take place as needed. In accordance with CG best practice and our Manual of Corporate Governance, the Board receives board documents and materials containing reports on Globe’s strategic, operational, and financial performance, and other regulatory and relevant matters, at least seven (7) business days in advance of Board meetings.

Attendance

In 2021, the Board of Directors had a total of seven Board meetings. Attendance of each director in Board meetings held in 2021 is enumerated below. The average rate of attendance of the Board of Directors, including independent directors, was ninety-nine percent (99%) in 2021, which is more than compliant with the SEC’s minimum attendance requirement of fifty percent (50%).



The Non-Executive Directors (NEDs) also meet separately during the year without any executives present. The NEDs held their meeting in December 2021, which was led by Mr. Rex Ma. A. Mendoza, the lead ID. All NEDs were present at the meeting. Among the agenda items covered during the meeting were updates on talent management and structure.

BOARD MEMBERMEETINGS ATTENDEDMEETINGS HELD*PERCENT PRESENT
Jaime Augusto Zobel de Ayala6786%
Lew Yoong Keong Allen144100%
Fernando Zobel de Ayala77100%
Ng Kup Pin222100%
Ernest L. Cu77100%
Delfin L. Lazaro77100%
Romeo L. Bernardo77100%
Cezar P. Consing355100%
Rex Ma. A. Mendoza77100%
Saw Phaik Hwa77100%
Cirilo P. Noel77100%

* Represents Board meetings held in 2021 and during the incumbency of the director.
1 Mr. Lang Tao Yih, Arthur resigned from the Globe Board of Directors effective May 6, 2021. To fill the vacancy, Mr. Lew Yoong Keong Allen was elected to
serve for the unexpired term of Mr. Lang or until the next annual stockholders’ meeting. Mr. Lew was likewise appointed as Co-Vice Chairman of the Board
and Member of the Executive Committee and the Compensation and Remuneration Committee.
2 Mr. Samba Natarajan, resigned from the Globe Board of Directors effective October 8, 2021. To fill the vacancy, Mr. Ng Kuo Pin was elected to serve for
the unexpired term of Mr. Natarajan or until the next annual stockholders’ meeting. Mr. Ng Kuo Pin was likewise appointed as Member of the Executive
Committee and the Finance Committee.
3 Mr. Cezar P. Consing was elected Director at the annual stockholders’ meeting on April 20, 2021.


Discussions with independent views during meetings are encouraged, given due consideration and properly documented through the minutes of meetings.


The Board has access to the Corporate Secretary who, among his duties and responsibilities, acts as the adviser to directors regarding their responsibilities and obligations, and oversees the flow of information prior to meetings. The Board is also assisted by the Chief Compliance Officer to ensure regulatory compliance and sustain engagement on CG-related matters, among other duties and responsibilities.

View Committee Meetings Attendance

OUR BOARD OF DIRECTORS

Manual of Corporate Governance

Board of Directors' Charter

2018 Certification of Independent Directors

Top