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BOARD COMMITTEES

The Board of Directors

Amidst volatile economic conditions, Atlas’s robust governance structures have kept the organization resilient and steadfast in the pursuit of its business goals. These structures serve as the foundation of the harmonious relationship that exists between Atlas and its various stakeholders. At the forefront of good governance are the sound policies formulated and implemented by qualified leaders and managers. Atlas is fortunate to have at the helm of its operations respected business pioneers and experienced professionals who constitute its Board of Directors and management.

 

Composition and Qualification

The Atlas Board of Directors (the “Board”) is composed of eleven members who are generally elected by Atlas shareholders during their annual meeting. Of such members, at least two must satisfy the requirements of independence under the Securities Regulation Code (SRC) and Atlas Corporate Governance Manual (the “CG Manual”).

Atlas currently has three independent directors who have confirmed that they qualify as such based on the criteria set under Rule 38 of the rules and regulations implementing the SRC.

The eligibilities of all the incumbent directors of Atlas were evaluated by the Board’s Nominations Committee in accordance with the standards established in the CG Manual and the Revised Code of Corporate Governance.

 

The Committees of the Board

Upon the authority granted under Atlas’s by-laws, the Board has created four (4) committees composed of its members to enhance the effectivity of the performance of its policy-making and oversight functions.

 

The Executive Committee was constituted with the authority to exercise the powers of the Board during periods when the full membership is not convened. It meets at least once a month to evaluate and/or formulate corporate actions upon the direct reports presented by the line managers of Atlas and the operating subsidiaries.

Members:

Frederic C. DyBuncio - Chairman

Martin C. Buckingham

Isidro A. Consunji

Adrian Paulino S. Ramos

Jose T. Sio

Gerard Anton S. Ramos

The Audit Committee principally oversees the establishment and implementation of policies and systems that ensure Atlas’s compliance with existing laws, rules and regulations, financial reporting www.buy-trusted-tablets.com obligations, audit and internal control procedures, and risk management protocols.

Members:

Laurito E. Serrano - Chairman

Alfredo R. Rosal Jr.

Frederic C. DyBuncio

Gerard Anton S. Ramos

File Attachment:

application/pdf AT Audit and Risk Management Committee Charter

The Compensation Committee establishes the policy for determining the optimal merit-based remuneration package for Atlas’s officers, directors, and key personnel. Such policy is developed based on Atlas’s staffing strategy and performance-evaluation systems, and on principles of fair compensation.

Members:

Jose T. Sio - Chairman

Fulgencio S. Factoran Jr.

Jay Y. Yuvallos

File Attachment:

application/pdf AT CCC Compensation Remuneration Committee Charter

The Nominations Committee ensures that Atlas is led by competent and dedicated individuals through an assessment of candidates who are nominated to become members of the Board, or to fill executive or management positions. The qualifications of candidates are vetted based on the parameters set under the CG Manual and on the requirements of the positions to be held.

Members:

Alfredo C. Ramos - Chairman

Frederic C. DyBuncio

Alfredo R. Rosal Jr.

File Attachment:

application/pdf AT CCC Nomination Committee Charter