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Meetings & Seminars

Orientation and Continuing Education Initiatives 

New directors are oriented regarding GT Capital’s core businesses, and a budget is in place for continuous professional education. In 2019, directors of the Corporation attended GT Capital’s In-House Corporate Governance Seminar or other programs such as the Advanced Corporate Governance Training Program arranged by the Institute of Corporate Directors.

 

GT Capital In-House Corporate Governance Seminar

GT Tower International, Ayala Avenue, Makati City October 11, 2019

Topics discussed: Advance Corporate Governance Training and Anti-Money Laundering Module

 

Name of Directory Date Program
Alfred V. Ty October 11, 2019 Advanced Corporate Governance Training
Carmelo Maria Luza Bautista October 11, 2019 Advanced Corporate Governance Training
Renato C. Valencia October 11, 2019 Advanced Corporate Governance Training
Jaime Miguel G. Belmonte October 11, 2019 Advanced Corporate Governance Training
Pascual M. Garcia III October 11, 2019 Advanced Corporate Governance Training
Regis V. Puno October 11, 2019 Advanced Corporate Governance Training

 

Board Attendance

GT Capital board meetings are held regularly and dates of the regular meetings are set before the start of the financial year. When important matters are on the agenda, such as issues that will have a significant impact on the character of the Corporation, the quorum requirement is two thirds (2/3) of all the directors. However, as far as practicable, the board secretariat ensures that 2/3 of all the directors are present for each meeting. The Board met six (6) times in 2019.

 

Name Position No. of Meetings Attended
Arthur Vy Ty Chairman 6/6 (100%)
Alfred Vy Ty Co-Vice Chairman 3/6 (50%)
Francisco C. Sebastian  Co-Vice Chairman 6/6 (100%)
Carmelo Maria Luza Bautista  President and Director 6/6 (100%) 
David  T. Go  Director 5/6 (83.33%)
Pascual M. Garcia III  Director 6/6 (100%)
Regis V. Puno Director  5/6 (88.33%)
Renato C. Valencia Lead Independent Director 6/6 (100%)
Jaime Miguel G. Belmonte Independent Director 6/6 (100%)
Wilfredo A. Paras Independent Director 6/6 (100%)
Rene J. Buenaventura Independent Director 6/6 (100%)

 

Board Committees

GT Capital’s Board exercises authority over specific aspects of its business through various Board Committees, which meet as often as necessary. Each Committee is governed by a Committee Charter under the Manual. The Manual and Committee Charters are reviewed and amended annually to reflect corporate governance best practices adopted by the Corporation. The latest version of each Committee Charter may be downloaded from the GT Capital website.

Executive Committee

Member Meetings Attended
Arthur V. Ty - Chairman (Non-executive Director) 30/35
Alfred V. Ty - Vice-Chairnan (Non-executive Director) 30/35
Francisco C. Sebastian - Member (Non-executive Director) 31/35
Carmelo Maria Luza Bautista - Member (Executive Director) 35/35
Mary Vy Ty - Adviser ( Non-executive) 34/35

Nominations Committee

Member Meetings Attended
Renato C. Valencia - Chairman (Lead Independent Director) 2/2
Wilfredo A. Paras - Member (Independent Director) 2/2
Rene J. Buenaventura - Member (Independent Director) 2/2
Carmelo Maria Luza Bautista - Adviser (Executive Director) 2/2

 Audit Committee

Member Meetings Attended
Wilfredo A. Paras - Chairman (Independent Director) 4/4
Renato C. Valencia - Member (Lead Independent Director) 4/4
Rene J. Buenaventura - Member (Independent Director) 3/4
Regis V. Puno - Member (Non-excutive Director) 2/4
Pascual M. Garcia III - Member (Non-executive Director) 4/4

 Risk Oversight Committee

Member Meetings Attended
Rene J. Buenaventura - Chairman (Independent Director) 4/4
Renato C. Valencia - Member (Lead Independent Director) 4/4
Wilfredo A. Paras - Member (Independent Director) 4/4
David T. Go - Member (Non-executive Director) 2/4

 Corporate Governance and Related Party Transactions Committee

Member Meetings Attended
Renato C. Valencia - Chairman (Lead Independent Director) 5/5
Wilfredo A. Paras - Member (Independent Director) 5/5
Jaime Miguel G. Belmonte - Member (Independent Director) 5/5
Anjanette T. Dy Buncio - Adviser  4/5

 Compensation Committee

Member Meetings Attended
Jaime Miguel G. Belmonte - Chairman (Independent Director) 2/2
Alfred V. Ty - Member (Non-executive Director) 2/2
Renato C. Valencia - Member (Lead Independent Director) 2/2

 

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