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Board Committees

HomeCorporate GovernanceBoard Committees

As of January 31, 2017

EXECUTIVE COMMITTEE

Chairman Mr. D. Alfred A. Cabangon
Members Mr. Benjamin V. Ramos
Mr. D. Arnold A. Cabangon 

NOMINATION COMMITTEE

Chairman Mr. D. Alfred A. Cabangon
Members Mr. Benjamin V. Ramos
Mr. Alfonso G. Siy
Head-Human Resources (non-voting member) Ms. Sharon T. Enriquez

AUDIT COMMITTEE

Its primary function is to assist the Board in fulfilling its oversight responsibilities by reviewing (1) the financial information, which will be provided to the shareholders and others; (2) the systems of internal controls and risk management which Management and the Board have established; (3) the audit process; (4) the process for monitoring compliance with significant applicable legal, ethical and regulatory requirements, including CSBI’s Code of Ethics and (5) such other duties as directed by the Board. In doing so, it is the responsibility of the Committee to provide a free and open avenue of communication among Management, Compliance Officer, Internal Audit, the external auditors, BSP examiners and the Committee. To perform his or her role effectively, each committee member will obtain an understanding of the responsibilities of committee membership as well as the Bank’s business, operations and risks.

Chairman Mr. Lucito L. Sioson, ID
Members Engr. Feorelio M. Bote
Mr. Pedro E. Paraiso
Mr. Wilfredo S. Madarang, Jr., ID

 

COMPENSATION and RENUMERATION COMMITTEE

Chairman Mr. D. Arnold A. Cabangon
Members Mr. D Alfred A. Cabangon
Mr. Benjamin V. Ramos

CORPORATE GOVERNANCE COMMITTEE

Its primary function is to (1) assist the Board in putting into practice, reviewing and enhancing the Bank’s Manual on Corporate Governance, (2) identify and evaluate individuals qualified to become members of the Board of Directors and recommend to the Board the director nominees (including directors standing for reelection) for each annual meeting of shareholders and from time to time to fill vacancies on the Board of Directors, (3) recommend to the Board of Directors nominees for each of the committees of the Board of Directors and for the Chair of each Committee, (4) oversee the annual evaluation of the Board and its committees.

Chairman Justice Jose Armando R. Melo, ID
Members Mr. Benjamin V. Ramos
Mr. Wilfredo S. Madarang, Jr. ID
Ms. Susan M. Belen

 

RISK OVERSIGHT COMMITTEE

The Committee’s role is one of oversight, recognizing that Senior Management is responsible for executing the bank’s risk management. While the Committee has the responsibilities and powers set forth in this Charter, Senior Management is responsible for designing, implementing and maintaining an effective risk program. In this regard, the Bank’s department heads or line managers are responsible for managing risks in the areas for which they are responsible. Finally, the Bank’s Chief Risk Officer (“CRO”) manages the Bank’s risk management guidelines and policies regarding credit, liquidity, market, operational and other related risk on a consolidated basis under CSBI’s risk management framework. The CRO also provide overall leadership for CSBI’s risk management framework, independent risk management function and risk governance processes, including risk identification, measurement, monitoring and mitigation (i.e., I’M3 Risk Framework)

Chairman Mr. Michael F. Rellosa
Members Mr. J. Wilfredo A. Cabangon
Mr. Wilfredo S. Madarang, Jr. ID

 

TRUST COMMITTEE

The primary function of Trust Committee (TC) is to assist the Board of Directors in fulfilling its oversight responsibilities over the bank’s fiduciary activities by ensuring an appropriate degree of independence between the activities of the bank and its trust department. Consistent with this function, the Trust Committee is responsible in overseeing the fiduciary activities of the Trust Department.

Chairman Justice Jose Armando R. Melo, ID
Members Mr. Benjamin V. Ramos
Mr. Alfonso G. Siy
Ms. Susan M. Belen
Trust Officer Ms. Amerjaphil T. Tugade

 

RELATED PARTY TRANSACTIONS COMMITTEE

Chairman Mr. Wilfredo S. Madarang, Jr., ID
Members Justice Jose Armando R. Melo, ID
Atty. Emmanuel R. Sison

INFORMATION TECHNOLOGY STEERING COMMITTEE

Chairman Engr. Feorelio M. Bote
Members Mr. Benjamin V. Ramos
IT Dept. Head Mr. Jeffrey B. Domingo