Key Officers

Management

The President and CEO is accountable to the Board for the development and recommendation of strategies, and the execution of the defined strategic imperatives. Through the Board and Executive Committee, the President and CEO is able to update and inform the Board of Globe’s business strategies and plans, CG and sustainability initiatives and requirements, among other economic matters relevant to the performance of the business.

After the ASM, the newly-elected Board of Directors convenes an organizational meeting to setup its board committees and appoint key officers. Key officer appointments and board committee members are then disclosed to pertinent regulators alongside other relevant results of the ASM.

The President and CEO is assisted by the Key Officers, also referred to as senior management. The Chief Audit Executive (CAE) assists in discussions with and updates to the Board through the Audit and RPT Committee.

The CFO, Treasurer, and CRO reports and updates through the Finance Committee, Audit and RPT Committee, and BROSC. The Chief Compliance Officer assists the President and CEO to the Board through the Nomination and Governance Committee and Executive Committee with regard to CG, compliance, and sustainability strategies and matters. Support from the CHRO is most evident in the Compensation and Remuneration Committee. The General Counsel provides high-level legal consultation and updates to the Board together with the Corporate Secretary. The Chief Sustainability and Corporate Communications Officer (CSCCO) oversees ESG commitments and reporting, providing updates to the Board through the BROSC. The CISO and CAIO manages cybersecurity, data privacy, and AI governance, reporting digital risks to the ARC and BROSC. Other executive officers of the Company are invited during Board and Board Committee meetings as necessary.

In support of the foregoing, the Office of Strategy Management (OSM) reports to the President and CEO, and oversees Globe’s strategy management processes, specifically strategy execution and performance tracking linked to the Company’s Balanced Score Card (BSC). Globe reviews and formulates the Company’s strategic priorities annually, which then guide the formulation of the key business strategies and goals for the year. Using the balanced scorecard framework, each business group identifies financial and nonfinancial objectives, and sets targets and initiatives to achieve them as reflected in the groups’ terms of reference (TOR). To ensure line of sight, the group TORs are cascaded to all employees, making sure key programs, projects, and major organizational initiatives are taken up by the senior management, and the heads of major business units and support groups. All budgets and major capital expenditures must be approved in accordance with Globe’s limits of authority, and by the CEO prior to endorsement to the Board for approval. The senior management consults with the chief advisors to provide sound inputs and advice as required. They all meet at least once a week. Management is mandated to provide complete and accurate information on Globe’s operations and affairs promptly.

Management is also required to prepare financial statements for each preceding financial year, in accordance with Philippine Financial Reporting Standards (PFRS). Management’s statement of responsibility with regard to the Company’s financial statements and the fair and truthful preparation thereof is included in this annual report (see “Statutory Reports” chapter of our Integrated Report).