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Board Committees

The Board Committees support the Board in efficiently managing its time and ensuring proper understanding and resolution of all issues affecting the GSIS.

All Trustees shall be members in all Board Committees. Each Board Committee shall have one (1) Chair elected among its members. The duties, authorities, and composition of the Board Committees are defined in their respective charters. As of 31 December 2020, there are as follows:

Executive Committee

Constituted pursuant to Section 16.1 of Governance Commission for GOCCs [GCG] Memorandum Circular No. 2012-07 or the Code of Corporate Governance for GOCCs

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:

Rolando L. Macasaet
(up to 12 February 2020 only)
Lucas P. Bersamin
(starting 13 February 2020 to present)

Members:
– PGM Rolando L. Macasaet (starting 13 February 2020)
– 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

Corporate Governance Committee

Composition of Board Committees agreed upon by virtue of Board Resolution No. 202 dated 18 October 2017

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:

Rolando L. Macasaet
(up to 12 February 2020 only)
Lucas P. Bersamin
(starting 13 February 2020 to present)

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
– Kahar H. Macasayon

Amended Corporate Governance Committee Charter
2020 Accomplishment Report
2019 Accomplishment Report

Audit Committee

Composition of Board Committees agreed upon by virtue of Board Resolution No. 202 dated 18 October 2017
Composition of the Audit Committee agreed upon by virtue of Board Resolution No. 76 dated 15 July 2020

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 (starting 13 Feb 2020)
– Carlo Antonio B. Almirante
– Wilfredo C. Maldia
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian
– Kahar H. Macasayon

Amended Audit Committee Charter
2020 Accomplishment Report
2019 Accomplishment Report

Risk Oversight Committee

Composition of Board Committees agreed upon by virtue of Board Resolution No. 202 dated 18 October 2017
Committee Chairmanship agreed by virtue of Board Resolution No. 131 dated 11 September 2018

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 (starting 13 Feb 2020)
– Carlo Antonio B. Almirante
– Jocelyn De Guzman Cabreza
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian
– Kahar H. Macasayon

Amended Risk Oversight Committee Charter
2020 Accomplishment Report
2019 Accomplishment Report

Legal Oversight Committee

Composition of Board Committees agreed upon by virtue of Board Resolution No. 44 dated 27 February 2018

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 (starting 13 Feb 2020)
– Wilfredo C. Maldia
– Jocelyn De Guzman Cabreza
– Alan R. Luga
– Anthony B. Sasin
– Nina Ricci Ynares-Chiongbian
– Kahar H. Macasayon

Amended Legal Oversight Committee Charter
2020 Accomplishment Report
2019 Accomplishment Report