BOARD COMMITTEES as of April 18, 2012

EXECUTIVE COMMITTEE
Fernando Zobel de Ayala - Chairman
Jaime Augusto Zobel de Ayala 
Antonino T. Aquino
Delfin L. Lazaro 
Oscar S. Reyes *

NOMINATION COMMITTEE
Oscar S. Reyes  * - Chairman 
Antonino T. Aquino 
Fernando Zobel de Ayala

PERSONNEL & COMPENSATION COMMITTEE
Francis G. Estrada * - Chairman
Jaime Augusto Zobel de Ayala
Mercedita S. Nolledo
Fernando Zobel de Ayala 

AUDIT & RISK COMMITTEE
Oscar S. Reyes * - Chairman
Jaime C. Laya *
Mercedita S. Nolledo

SUSTAINABILITY COMMITTEE 
Antonino T. Aquino - Chairman
Jaime C. Laya * 
Oscar S. Reyes * 
 
 
* Independent director