The Board of Directors has constituted certain committees to effectively manage the operations of PSPC. The following committees assist the board in carrying out its role and responsibilities:
Chairman: Carlos R. Alindada, CPA
Members: Hyun Chul Lee
The Audit Committee must be composed of at least three (3) directors, who preferably must have accounting and finance backgrounds, one of whom must be an independent director and another with audit experience. The independent director chairs the Audit Committee.
The committee’s duties and responsibilities include, but are not limited to, the following:
a. Assisting the Board in the performance of its oversight responsibility for the financial reporting process, system of internal control, audit process, and monitoring of compliance with applicable laws, rules and regulations.
b. Providing oversight over Management’s activities in managing credit, market, liquidity, operational, legal and other risks of the Company; and
c. Performing oversight functions over the Company’s internal and external auditors. It should ensure that the internal and external auditors act independently from each other, and that both auditors are given unrestricted access to all records, properties and personnel to enable them to perform their respective audit functions.
Audit Committee Charter
Chairman: Byeongchun Lee
Members: Intae Hwang
Mary Delia G. Tomacruz
The Nomination Committee may be composed of at least three (3) members, one of whom must be an independent director. The committee’s duties and responsibilities include the review and evaluation of the qualifications of all persons nominated to the Board and other appointments that require Board approval and to assess the effectiveness of the Board’s processes and procedures in the election or replacement of directors.
Nomination Committee Charter