Board Committees

FUNCTION

The Executive Committee, in accordance with the authority granted by the Board, or during the absence of the Board, acts by a vote of at least two-thirds (2/3) of all its members on such specific matters within the competence of the Board as may be delegated to it from time to time, except with respect to:

1. Amendment or repeal of any resolution of the Board, which by its express terms cannot be amended or be subject to repeal;
2. Distribution of cash dividends; and
3. Exercise of powers delegated by the Board exclusively to other Committees

COMPOSITION

Chairperson:

Lucas P. Bersamin

Members:
– PGM Rolando L. Macasaet
– Carlo Antonio B. Almirante (Chairperson, Legal Oversight Committee)
– Jocelyn De Guzman Cabreza (Chairperson, Audit Committee)
– Wilfredo C. Maldia (Chairperson, Risk Oversight Committee)

*In accordance with Republic Act No. 10149 or the GOCC Governance Act of 2011, the Chairman of the Board shall also be the Chairperson of the Corporate Governance Committee

FUNCTION

The Committee shall assist the GSIS Board in promoting and institutionalizing corporate governance principles and practices in the organization.

The Committee also has oversight over human resource matters, including disciplinary cases.

This Committee also functions as the Nomination and Remuneration Committee

COMPOSITION

Chairperson:

	Lucas P. Bersamin

Members:
– Rolando L. Macasaet
– Carlo Antonio B. Almirante
– Jocelyn De Guzman Cabreza
– Wilfredo C. Maldia
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian (Resigned as of 15 November 2021)
– Kahar H. Macasayon

FUNCTION

The Committee shall assist the Board in fulfilling its responsibilities for policy formulation and for oversight of GSIS’s financial reporting process, the system of internal control, the audit process, and the process for monitoring compliance with laws, rules, regulations and code of conduct.

The Committee exercises functional authority over the Internal Audit Services Office.

COMPOSITION

Chairperson:

Jocelyn De Guzman Cabreza

Members:
– Lucas P. Bersamin
– Carlo Antonio B. Almirante
– Wilfredo C. Maldia
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian (Resigned as of 15 November 2021)
– Kahar H. Macasayon

FUNCTION

The Committee shall assist the Board of Trustees in carrying out its responsibilities for policy formulation and for oversight of System-wide risks, including compliance with applicable laws and regulations (Board Resolution No. 222, 13 October 2004).

The Committee exercises functional authority over the Risk Management Office. It also performs oversight functions in all Information Technology (IT) matters.

COMPOSITION

Chairperson:

Wilfredo C. Maldia

Members:
– Lucas P. Bersamin
– Carlo Antonio B. Almirante
– Jocelyn De Guzman Cabreza
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian (Resigned as of 15 November 2021)
– Kahar H. Macasayon

FUNCTION

The Committee shall assist the GSIS Board of Trustees in carrying out its quasi-judicial powers and oversight responsibilities over Big Ticket Accounts.

COMPOSITION

Chairperson:

Carlo Antonio B. Almirante

Members:
– Lucas P. Bersamin
– Wilfredo C. Maldia
– Jocelyn De Guzman Cabreza
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian (Resigned as of 15 November 2021)
– Kahar H. Macasayon