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WELLEX INDUSTRIES INC.

35th Floor, One Corporate Center

Julia Vargas Ave. corner Meralco Ave.

Ortigas Center, Pasig City, Philippines 1605

Wellex

Industries Incorporated

BOARD  COMMITTEES

Audit Committee


The Audit Committee is composed of at least three (3) members of the Board, one (1) of whom shall be an independent director. Each member has an adequate understanding at least or competence at most of the Company’s financial management systems and environment.  








Executive Committee


The Executive Committee composed of at least (3) directors. Said committee may act, by majority vote of all its members, on such specific matters within the competence of the board, as may be delegated to it in the bylaws or by majority vote of the board, except with respect to the: (a) approval of any action for which shareholders’ approval is also required; (b) filling of vacancies in the board; (c) amendment or repeal of bylaws or the adoption of new bylaws; (d) amendment or repeal of any resolution of the board which by its express terms is not amendable or repealable; and (e) distribution of cash dividends to the shareholders. The board of directors may create special committees of temporary or permanent nature and determine the members’ term, composition, compensation, powers, and responsibilities.







Nomination Committee


The Nomination Committee which is composed of at least three (3) members and one of whom is an independent director, reviews and evaluates the qualifications of all persons nominated to the Board and other appointments that require Board approval, and assesses the effectiveness of the Board’s processes and procedures in the election or replacement of directors.








Compensation Committee


The Compensation Committee which is composed of at least three (3) members and one of whom is an independent director establishes a formal and transparent procedure for developing a policy on remuneration of directors and officers to ensure that their compensation is consistent with the corporation’s culture, strategy and the business environment in which it operates.




Chairman:
Member:


See:  

Kenneth Gatchalian
Elvira Ting
Sergio Ortiz-Luis Jr.
Lamberto Mercado Jr.
Executive Committee Charter.pdf

Chairman:
Member:

See:  

Byoung Hyun Suh
Sergio Ortiz-Luis Jr.
Peter Salud
Audit Committee Charter.pdf

Chairman:
Member:

See:  

Sergio Ortiz-Luis, Jr.
Byoung Hyun Suh
Richard Ricardo
Nomination Committee Charter.pdf

Chairman:
Member:

See:  

Elvira A. Ting
Lamberto B. Mercado Jr.

Byoung Hyun Suh
Compensation Committee Charter.pdf