{"id":2272,"date":"2026-04-29T01:07:51","date_gmt":"2026-04-29T01:07:51","guid":{"rendered":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/?page_id=2272"},"modified":"2026-04-30T04:34:38","modified_gmt":"2026-04-30T04:34:38","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2272\" class=\"elementor elementor-2272\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea50e92 e-flex e-con-boxed e-con e-parent\" data-id=\"ea50e92\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-511aebd e-con-full e-flex e-con e-child\" data-id=\"511aebd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad9d677 elementor-widget elementor-widget-heading\" data-id=\"ad9d677\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Corporate Governance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-474f924 elementor-widget elementor-widget-text-editor\" data-id=\"474f924\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>SM Investments Corporation (SMIC or the \u201cCompany\u201d) practices good corporate governance in all its dealings with all stakeholders, investors, business partners, creditors, customers and employees because SMIC believes that good corporate governance will provide the long-term growth, sustainability and success to the Company. SMIC\u2019s good corporate governance framework and practices are part of the Company\u2019s core values that are anchored on the principles of fairness, integrity, accountability, transparency and stakeholder engagement.<\/p><p>SMIC\u2019s various awards and recognition are identified in this report. We aim to create value in all our businesses we operate, not just with our customers, but, also, the communities and the environment to ensure sustainable growth and development.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-92d2cc1 e-con-full e-flex e-con e-child\" data-id=\"92d2cc1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f1ab3fb elementor-widget elementor-widget-eael-creative-button\" data-id=\"f1ab3fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-creative-button.default\">\n\t\t\t\t\t        <div class=\"eael-creative-button-wrapper\">\n\n            <a class=\"eael-creative-button eael-creative-button--rayen eael-cb-icon-position-right\" href=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/?sdm_process_download=1&#038;download_id=2345\" target=\"_blank\" data-text=\"Download\">\n            \t    \n                <div class=\"creative-button-inner\">\n\n                    \n                    <span class=\"cretive-button-text\">Download<\/span>\n\n                                            <span class=\"eael-creative-button-icon-right\"><svg class=\"ekit-svg-icon icon-arrow-right\" viewBox=\"0 0 32 32\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M30.966 16.234l-9.6-9.6c-0.312-0.312-0.819-0.312-1.131 0s-0.312 0.819 0 1.131l8.234 8.234h-26.069c-0.442 0-0.8 0.358-0.8 0.8s0.358 0.8 0.8 0.8h26.069l-8.234 8.234c-0.312 0.312-0.312 0.819 0 1.131 0.156 0.156 0.361 0.234 0.566 0.234s0.409-0.078 0.566-0.234l9.6-9.6c0.312-0.312 0.312-0.819 0-1.131z\"><\/path><\/svg><\/span>                                    <\/div>\n\t                        <\/a>\n        <\/div>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b90b32d e-flex e-con-boxed e-con e-parent\" data-id=\"b90b32d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-206f745 e-con-full e-flex e-con e-child\" data-id=\"206f745\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b38919 elementor-widget elementor-widget-heading\" data-id=\"9b38919\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Integrated Annual Corporate Governance Reports<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7cac97 elementor-widget elementor-widget-text-editor\" data-id=\"c7cac97\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Integrated Annual Corporate Governance Report (I-ACGR) is a tool to disclose compliance with the recommendations provided under the Securities and Exchange Commission\u2019s Corporate Governance Code for publicly-listed companies, including corporate governance practices found in the ASEAN Corporate Governance Scorecard, among other pertinent corporate governance standards and issuances. It contains relevant information on the Company\u2019s corporate governance policies, practices, initiatives and activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-84706c3 e-con-full e-flex e-con e-child\" data-id=\"84706c3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03ad7b6 e-n-tabs-mobile elementor-widget elementor-widget-n-tabs\" data-id=\"03ad7b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"nested-tabs.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-tabs\" data-widget-number=\"3856310\" aria-label=\"Tabs. Open items with Enter or Space, close with Escape and navigate using the Arrow keys.\">\n\t\t\t<div class=\"e-n-tabs-heading\" role=\"tablist\">\n\t\t\t\t\t<button id=\"e-n-tab-title-38563101\" data-tab-title-id=\"e-n-tab-title-38563101\" class=\"e-n-tab-title\" aria-selected=\"true\" data-tab-index=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"e-n-tab-content-38563101\" style=\"--n-tabs-title-order: 1;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t2024\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-38563102\" data-tab-title-id=\"e-n-tab-title-38563102\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-38563102\" style=\"--n-tabs-title-order: 2;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t2023\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-38563103\" data-tab-title-id=\"e-n-tab-title-38563103\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-38563103\" style=\"--n-tabs-title-order: 3;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t2022\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-38563104\" data-tab-title-id=\"e-n-tab-title-38563104\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-38563104\" style=\"--n-tabs-title-order: 4;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t2021\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-38563105\" data-tab-title-id=\"e-n-tab-title-38563105\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-38563105\" style=\"--n-tabs-title-order: 5;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t2020\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"e-n-tabs-content\">\n\t\t\t\t<div id=\"e-n-tab-content-38563101\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-38563101\" data-tab-index=\"1\" style=\"--n-tabs-title-order: 1;\" class=\"e-active elementor-element elementor-element-827df20 e-con-full e-flex e-con e-child\" data-id=\"827df20\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-654b643 elementor-widget elementor-widget-image\" data-id=\"654b643\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"500\" height=\"667\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/corpgov2024.jpg\" class=\"attachment-full size-full wp-image-2333\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26a81a7 elementor-align-start elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"26a81a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/publication\/smic-integrated-annual-corporate-governance-report-for-the-year-ended-2024\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Integrated Annual Corporate Governance Report (Year Ended 2024)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-38563102\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-38563102\" data-tab-index=\"2\" style=\"--n-tabs-title-order: 2;\" class=\" elementor-element elementor-element-1a4ecfe e-con-full e-flex e-con e-child\" data-id=\"1a4ecfe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-344d857 elementor-widget elementor-widget-image\" data-id=\"344d857\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"500\" height=\"667\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/corpgov2023.jpg\" class=\"attachment-full size-full wp-image-2334\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e621e37 elementor-align-start elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e621e37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2024\/10\/SMIC-Amended-SEC-Form-I-ACGR-Year-Ended-2023.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Amended Integrated Annual Corporate Governance Report (Year Ended 2023)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2024\/07\/SMIC-SEC-Form-I-ACGR-Year-Ended-2023-1.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Integrated Annual Corporate Governance Report (Year Ended 2023)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-38563103\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-38563103\" data-tab-index=\"3\" style=\"--n-tabs-title-order: 3;\" class=\" elementor-element elementor-element-635d2ca e-con-full e-flex e-con e-child\" data-id=\"635d2ca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a3e92d4 elementor-widget elementor-widget-image\" data-id=\"a3e92d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"500\" height=\"667\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/corpgov2022.jpg\" class=\"attachment-full size-full wp-image-2335\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f378e52 elementor-align-start elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"f378e52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/05\/I-ACGR-2022v2.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Integrated Annual Corporate Governance Report (Year Ended 2022)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-38563104\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-38563104\" data-tab-index=\"4\" style=\"--n-tabs-title-order: 4;\" class=\" elementor-element elementor-element-d461950 e-con-full e-flex e-con e-child\" data-id=\"d461950\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5746376 elementor-widget elementor-widget-image\" data-id=\"5746376\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"667\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/corpgov2021.jpg\" class=\"attachment-full size-full wp-image-2336\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fce4056 elementor-align-start elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"fce4056\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2022\/10\/SMIC-SEC-Form-IACGR-Year-Ended-2021.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Integrated Annual Corporate Governance Report (Year Ended 2021)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-38563105\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-38563105\" data-tab-index=\"5\" style=\"--n-tabs-title-order: 5;\" class=\" elementor-element elementor-element-25de6f9 e-con-full e-flex e-con e-child\" data-id=\"25de6f9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5135749 elementor-widget elementor-widget-image\" data-id=\"5135749\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"667\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/corpgov2020.jpg\" class=\"attachment-full size-full wp-image-2337\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b91dcb2 elementor-align-start elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"b91dcb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sminvestments.com\/publication\/smic-sec-form-i-acgr-year-ended-2020-v2\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-download\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm76.45 211.36l-96.42 95.7c-6.65 6.61-17.39 6.61-24.04 0l-96.42-95.7C73.42 337.29 80.54 320 94.82 320H160v-80c0-8.84 7.16-16 16-16h32c8.84 0 16 7.16 16 16v80h65.18c14.28 0 21.4 17.29 11.27 27.36zM377 105L279.1 7c-4.5-4.5-10.6-7-17-7H256v128h128v-6.1c0-6.3-2.5-12.4-7-16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Integrated Annual Corporate Governance Report (Year Ended 2020)<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-090d636 e-con-full e-flex e-con e-parent\" data-id=\"090d636\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-87ffef4 e-flex e-con-boxed e-con e-child\" data-id=\"87ffef4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1b72ab4 e-con-full e-flex e-con e-parent\" data-id=\"1b72ab4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-5f69ccf e-con-full e-flex e-con e-child\" data-id=\"5f69ccf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-303937a elementor-widget elementor-widget-heading\" data-id=\"303937a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Board of Directors<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07304c5 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"07304c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>SMIC\u2019s Board of Directors is at the helm of the organization\u2019s governance structure. The Company\u2019s directors possess the necessary qualifications, competencies and skills to effectively participate and help secure the achievement of the Company\u2019s vision, mission and corporate objectives. The Company adheres to a board diversity policy that ensures a diverse composition of Board of Directors, which assists in advancing SMIC\u2019s strategic objectives. By virtue of the said policy, the Company commits to having a diverse organization in terms of age, competency, experience, business background, ethnicity, culture, skill, knowledge and gender, among others. To monitor progress in achieving the Board\u2019s diversity, the relevant board committee utilizes a board matrix, which provides for the mix of attributes, skills, competencies, experience and affiliations the members of the Board currently possess vis-a-vis the needs to complement its existing composition. Both the board diversity policy and board matrix are posted on the Company website. The profiles of the Board of Directors are included in<\/p><p>SMIC\u2019s annual reports including this report and the Definitive Information Statement as well as posted on the Company website. SMIC\u2019s Board is composed of a majority of independent directors where five (5) of nine (9) highly qualified directors are independent directors including our Chairman of the Board. In accordance with the Company\u2019s Manual on Corporate Governance, the Board shall always have at least three (3) independent directors. Independent directors are directors that are free from management responsibilities, substantial shareholdings and material relations, which could be perceived to impede the performance of independent judgment. Independent directors are tasked to encourage impartial discussions at board meetings, monitor and provide feedback on Management\u2019s performance, and safeguard the interests of the Company\u2019s various stakeholders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd7cf2f e-flex e-con-boxed e-con e-parent\" data-id=\"dd7cf2f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6df7a98 e-con-full e-flex e-con e-child\" data-id=\"6df7a98\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fda2df5 elementor-widget elementor-widget-image\" data-id=\"fda2df5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/amt-2026.png\" class=\"attachment-large size-large wp-image-2276\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3f3318 e-con-full e-flex e-con e-child\" data-id=\"c3f3318\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5025330 elementor-widget elementor-widget-heading\" data-id=\"5025330\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Amando M. Tetangco, Jr.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59ba99a elementor-widget elementor-widget-text-editor\" data-id=\"59ba99a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Chairman of the Board, Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9689431 elementor-widget elementor-widget-text-editor\" data-id=\"9689431\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 73, Male<br \/>Date of First Appointment: June 2023<\/p><p>Key positions in various companies:<\/p><ul><li>Chairman and Independent Director \u2013 SM Investments Corporation<\/li><li>Vice Chairman and Independent Director \u2013 SM Prime Holdings, Inc.<\/li><li>Independent Director \u2013 Converge ICT Solutions, Inc.<\/li><li>Independent Director \u2013 Shell Pilipinas Corporation<\/li><li>Director \u2013 Manila Hotel<\/li><li>Director \u2013 Toyota Motor Philippines<\/li><li>Trustee \u2013 St. Luke\u2019s Medical Center<\/li><li>Trustee \u2013 Tan Yan Kee Foundation<\/li><li>Trustee \u2013 Foundation for Liberty and Prosperity<\/li><\/ul><p>Other previous key positions and appointments:<\/p><ul><li>Governor \u2013 Bangko Sentral ng Pilipinas (BSP)<ul><li>Concurrent Chairman &#8211; Monetary Board<\/li><li>Concurrent Chairman &#8211; Anti-Money Laundering Council<\/li><li>Concurrent Chairman \u2013 Financial Stability Coordination Council<\/li><li>Concurrent Chairman \u2013 Philippine International Convention Center<\/li><li>Concurrent Vice Chair \u2013 Agriculture Credit Policy Council<\/li><li>Concurrent Member \u2013 Capital Markets Development Council<\/li><li>Concurrent Member \u2013 Export Development Council<\/li><\/ul><\/li><li>Deputy Governor \u2013 BSP, Banking Services Sector, Economic Research and Treasury<\/li><li>Alternate Executive Director \u2013 International Monetary Fund, Washington, D.C.<\/li><li>Management Services Division, SyCip Gorres Velayo (SGV) &amp; Co.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d448eb2 e-con-full e-flex e-con e-child\" data-id=\"d448eb2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64226cc elementor-widget elementor-widget-text-editor\" data-id=\"64226cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Philippine Representative &#8211; ASEAN Central Bank Forum; Executives\u2019 Meeting of East Asia and<br \/>Pacific Central Banks; the South East Asia Central Banks, the South East Asia, New Zealand and Australia; and the Center for Latin American Monetary Studies.<\/li><li>Governor for the Philippines &#8211; International Monetary Fund<\/li><li>Alternate Governor &#8211; World Bank and the Asian Development Bank<\/li><li>Chair of the Meeting of Small Open Economies &#8211; Bank for International Settlements (BIS)<\/li><li>Chair &#8211; BIS Asian Consultative Council; the Financial Stability Board Regional Consultative Group for Asia; and the Alliance for Financial Inclusion Steering Committee<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Honorary Degree of Doctorate in Management \u2013 Asian Institute of Management<\/li><li>Master\u2019s Degree in Public Policy and Administration (Development Economics) &#8211; University of Wisconsin, Madison, Wisconsin, U.S.A.<\/li><li>AB Economics Degree, cum laude \u2013 Ateneo De Manila University<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>SM Prime Holdings, Inc.<\/li><li>Converge ICT Solutions, Inc.<\/li><li>Shell Pilipinas Corporation<\/li><\/ul><p>Other Information:<\/p><ul><li>Order of the Rising Sun, Gold and Silver Star \u2013 Emperor of Japan<\/li><li>Multiple Recognition as one of the Best Central Bank Governors<\/li><li>Management Man of the Year \u2013 Management Association of the Philippines<\/li><li>Order of Lakandula with Rank of Bayani \u2013 President of the Philippines<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b4ae468 e-flex e-con-boxed e-con e-parent\" data-id=\"b4ae468\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7e65eaf e-con-full e-flex e-con e-child\" data-id=\"7e65eaf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-35bbfd2 elementor-widget elementor-widget-image\" data-id=\"35bbfd2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/tsc-2026.png\" class=\"attachment-large size-large wp-image-2277\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98a20fd elementor-widget elementor-widget-heading\" data-id=\"98a20fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Teresita T. Sy<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-addc627 elementor-widget elementor-widget-text-editor\" data-id=\"addc627\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Vice Chairperson, Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-456cf6d elementor-widget elementor-widget-text-editor\" data-id=\"456cf6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 75, Female<br \/>Date of First Appointment: May 1979<\/p><p>Key positions in various companies:<\/p><ul><li>Vice Chairperson \u2013 SM Investments Corporation<\/li><li>Board Adviser \u2013 SM Prime Holdings, Inc.<\/li><li>Chairperson \u2013 SM Retail Inc.<\/li><li>Chairperson \u2013 BDO Unibank, Inc. (BDO)<\/li><li>Chairperson\/Director \u2013 BDO Private Bank, Inc.<\/li><li>Chairperson\/Director \u2013 BDO Foundation, Inc.<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Bachelor of Arts and Bachelor of Science Degree in Commerce \u2013 Assumption College<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>BDO Unibank, Inc.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-24dc91d e-con-full e-flex e-con e-child\" data-id=\"24dc91d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-715dc55 elementor-widget elementor-widget-image\" data-id=\"715dc55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/hts-jr-2026.png\" class=\"attachment-large size-large wp-image-2278\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-359b525 elementor-widget elementor-widget-heading\" data-id=\"359b525\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\nHenry T. Sy, Jr.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c3b2dd elementor-widget elementor-widget-text-editor\" data-id=\"6c3b2dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Vice Chairman, Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56cb4e3 elementor-widget elementor-widget-text-editor\" data-id=\"56cb4e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 72, Male<br \/>Date of First Appointment: May 1979<\/p><p>Key positions in various companies:<\/p><ul><li>Vice Chairman \u2013 SM Investments Corporation<\/li><li>Chairman \u2013 SM Prime Holdings, Inc.<\/li><li>Chairman \u2013 Synergy Grid &amp; Development Phils., Inc.<\/li><li>Chairman and Chief Executive Officer \u2013 SM Development Corporation<\/li><li>Vice Chairman \u2013 National Grid Corporation of the Philippines<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Management Degree \u2013 De La Salle University<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>SM Prime Holdings, Inc.<\/li><li>Synergy Grid &amp; Development Phils., Inc.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-919a5fc e-con-full e-flex e-con e-child\" data-id=\"919a5fc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-299e506 elementor-widget elementor-widget-image\" data-id=\"299e506\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/harleyts-2026.png\" class=\"attachment-large size-large wp-image-2279\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91bfeff elementor-widget elementor-widget-heading\" data-id=\"91bfeff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Harley T. Sy<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f3fd23 elementor-widget elementor-widget-text-editor\" data-id=\"6f3fd23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9d4b80 elementor-widget elementor-widget-text-editor\" data-id=\"d9d4b80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 66, Male<br \/>Date of First Appointment: May 1993<\/p><p>Key positions in various companies:<\/p><ul><li>Executive Director \u2013 SM Investments Corporation<\/li><li>Director \u2013 China Banking Corporation and others within the SM Group<\/li><li>Board Adviser \u2013 BDO Unibank, Inc.<\/li><li>Board Adviser \u2013 BDO Private Bank<\/li><li>Vice Chairman and Treasurer \u2013 SM Retail Inc.<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Bachelor of Science Degree in Commerce, Major in Finance \u2013 De La Salle University<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>China Banking Corporation<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1c925ac e-flex e-con-boxed e-con e-parent\" data-id=\"1c925ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-28fbf64 e-con-full e-flex e-con e-child\" data-id=\"28fbf64\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e58dd1 elementor-widget elementor-widget-image\" data-id=\"8e58dd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/fcd-2026.png\" class=\"attachment-large size-large wp-image-2280\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54f9705 elementor-widget elementor-widget-heading\" data-id=\"54f9705\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Frederic C. DyBuncio<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-858c1d7 elementor-widget elementor-widget-text-editor\" data-id=\"858c1d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>President and Chief Executive Officer<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ce41dd elementor-widget elementor-widget-text-editor\" data-id=\"3ce41dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 66, Male<br \/>Date of First Appointment: April 2017<\/p><p>Key positions in various companies:<\/p><ul><li>President and Chief Executive Officer \u2013 SM Investments Corporation<\/li><li>Chairman \u2013 Atlas Consolidated Mining and Development Corporation<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Master\u2019s Degree in Business Management \u2013 Asian Institute of Management<\/li><li>Bachelor of Science Degree in Business Management \u2013 Ateneo de Manila University<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>Atlas Consolidated Mining and Development Corporation<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c58a09d e-con-full e-flex e-con e-child\" data-id=\"c58a09d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-755d57e elementor-widget elementor-widget-image\" data-id=\"755d57e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/rml-2026.png\" class=\"attachment-large size-large wp-image-2281\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-422ba4e elementor-widget elementor-widget-heading\" data-id=\"422ba4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ramon M. Lopez<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fc5977 elementor-widget elementor-widget-text-editor\" data-id=\"8fc5977\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa0dc54 elementor-widget elementor-widget-text-editor\" data-id=\"aa0dc54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 65, Male<br \/>Date of First Appointment: August 2022<\/p><p>Key positions in various companies:<\/p><ul><li>Independent Director \u2013 SM Investments Corporation<\/li><li>Independent Director \u2013 AIC Group of Companies<\/li><li>Independent Director \u2013 Monde Nissin Corporation<\/li><li>Trustee and Vice Chairman \u2013 Valenzuela City Technological College (ValTech)<\/li><li>Independent Director \u2013 New Marketlink Pharmaceuticals Corporation<\/li><li>Independent Director \u2013 Pilmico Foods and Agribusiness Corporation<\/li><li>Independent Director \u2013 Seedbox Securities Inc.<\/li><li>Independent Director \u2013 Asian Consulting Group<\/li><li>Chairman \u2013 Governing Board of the Economic Research Institute for ASEAN and East Asia (ERIA)<\/li><li>Board Adviser \u2013 Packworks Venture PTE. LTD.<\/li><li>Trustee \u2013 Bayan Family of Foundations<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f1b9c49 e-con-full e-flex e-con e-child\" data-id=\"f1b9c49\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a93f7eb elementor-widget elementor-widget-text-editor\" data-id=\"a93f7eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Other previous key positions and appointments:<\/p><ul><li>Secretary \u2013 Philippine Department of Trade and Industry<ul><li>Concurrent Chairman \u2013 Board of Investments<\/li><li>Concurrent Chairman \u2013 Philippine Economic Zone Authority<\/li><li>Concurrent Chairman \u2013 Export Development Council<\/li><li>Concurrent Chairman \u2013 Anti-Red Tape Authority Advisory Council<\/li><li>Concurrent Chairman \u2013 Philippine International Trading Corporation<\/li><li>Concurrent Supervisor \u2013 Intellectual Property Office of the Philippines<\/li><\/ul><\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Master\u2019s Degree in Development Economics \u2013 Williams College, Massachusetts U.S.A<\/li><li>Bachelor\u2019s Degree in Economics \u2013 University of the Philippines School of Economics, Diliman Q.C.<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>Monde Nissin Corporation<\/li><\/ul><p>Other Information:<\/p><ul><li>Philippine Innovation Man of the Year Award<\/li><li>Presidential Award, Order of Sikatuna with a rank of Datu<\/li><li>People of the Year \u2013 People Asia<\/li><li>Presidential Medal of Merit<\/li><li>\u201cLifetime Contributor of the Year Award\u201d \u2013 The Asia CEO Awards<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a88e63f e-flex e-con-boxed e-con e-parent\" data-id=\"a88e63f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8048cfd e-con-full e-flex e-con e-child\" data-id=\"8048cfd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab85825 elementor-widget elementor-widget-image\" data-id=\"ab85825\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/rgv-2026.png\" class=\"attachment-large size-large wp-image-2282\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4431995 elementor-widget elementor-widget-heading\" data-id=\"4431995\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Robert G. Vergara<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-612f9f8 elementor-widget elementor-widget-text-editor\" data-id=\"612f9f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92d6871 elementor-widget elementor-widget-text-editor\" data-id=\"92d6871\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 65, Male<br \/>Date of First Appointment: April 2019<\/p><p>Key positions in various companies:<\/p><ul><li>Independent Director \u2013 SM Investments Corporation<\/li><li>Independent Director \u2013 Metro Pacific Health, Inc.<\/li><li>Independent Director \u2013 STI Education Systems Holdings, Inc.<\/li><li>Independent Director \u2013 Philplans First, Inc.<\/li><li>Independent Director \u2013 AIG Insurance Philippines, Inc.<\/li><li>Chairman and Director \u2013 Cabanatuan Electric Corporation<\/li><li>Director \u2013 Sea Crest Fund<\/li><li>President \u2013 Vergara Advisory Management, Inc.<\/li><\/ul><p>Other previous key positions and appointments:<\/p><ul><li>President and General Manager and Vice Chairman of the Board of Trustees \u2013 Government Service Insurance System (GSIS)<\/li><li>Vice Chairman and Director \u2013 National Reinsurance Corporation of the Philippines<\/li><li>Vice Chairman and Director \u2013 Manila Hotel Corporation<\/li><li>Director \u2013 The Philippine Stock Exchange<\/li><li>Director \u2013 Philippine Health Insurance Corporation<\/li><li>Director \u2013 Philippine National Construction Corporation<\/li><li>Director \u2013 Housing and Urban Development Coordinating Council<\/li><li>Managing Director and Founding Partner &#8211; Cannizaro (Hong Kong) Limited<\/li><li>Director \u2013 Lionhart (Hong Kong) Ltd.<\/li><li>Principal \u2013 Morgan Stanley Asia Ltd.<\/li><li>Managing Director \u2013 IFM Asia Ltd.<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Master\u2019s Degree in Business Administration \u2013 Harvard Graduate School of Business Administration<\/li><li>Bachelor of Science Degrees in Management Engineering and Mathematics, magna cum laude \u2013 Ateneo De Manila University<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>STI Education Systems Holdings, Inc.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0b11bbc e-con-full e-flex e-con e-child\" data-id=\"0b11bbc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7e39c9 elementor-widget elementor-widget-image\" data-id=\"d7e39c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/lkg-2026.png\" class=\"attachment-large size-large wp-image-2283\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-807ad27 elementor-widget elementor-widget-heading\" data-id=\"807ad27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Lily K. Gruba<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcab315 elementor-widget elementor-widget-text-editor\" data-id=\"fcab315\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf389d5 elementor-widget elementor-widget-text-editor\" data-id=\"cf389d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 76, Female<br \/>Date of First Appointment: June 2024<\/p><p>Key positions in various companies:<\/p><ul><li>Independent Director \u2013 SM Investments Corporation<\/li><li>Founding Partner \u2013 Gruba Caganda Advincula Melo &amp; De la Fuente (formerly, Zambrano and Gruba)<\/li><li>Director \u2013 Asia United Bank<\/li><li>Director \u2013 Cosco Capital, Inc.<\/li><li>Executive Director \u2013 Fr. Joaquin, SJ Institute for Continuing Legal Education<\/li><li>Professor on Taxation Law, Mergers and Acquisitions and Local Government Finance and bar reviewer \u2013 Ateneo de Manila University School of Law<\/li><\/ul><p>Other previous key positions and appointments:<\/p><ul><li>Undersecretary \u2013 Department of Finance<ul><li>Concurrent Director \u2013 Philippine Economic Zone Authority<\/li><li>Concurrent Director \u2013 Overseas Workers Welfare Administration<\/li><\/ul><\/li><li>Philippine Bar examiner for Taxation Law and for Commercial Law<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Bachelor of Arts in Psychology \u2013 University of Santo Tomas<\/li><li>Bachelor of Laws Degree \u2013 Ateneo Law School<\/li><li>Admitted to the Philippine Bar in 1977<\/li><li>Master of Laws \u2013 Georgetown University Law Center, Washington, D.C.<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies<\/p><ul><li>Asia United Bank Corporation<\/li><li>Cosco Capital, Inc.<\/li><\/ul><p>Other Information:<\/p><ul><li>100 Top Lawyers in the Philippines \u2013 Asia Business Law Journal<\/li><li>Tax Lawyer of the year Nominee, Southeast Asia \u2013 Legal 500<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0ff5e17 e-con-full e-flex e-con e-child\" data-id=\"0ff5e17\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f2b917c elementor-widget elementor-widget-image\" data-id=\"f2b917c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-content\/uploads\/2026\/04\/mbz-2026.png\" class=\"attachment-large size-large wp-image-2284\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5308eb5 elementor-widget elementor-widget-heading\" data-id=\"5308eb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Marife B. Zamora<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b029c3 elementor-widget elementor-widget-text-editor\" data-id=\"7b029c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Independent Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7311c5 elementor-widget elementor-widget-text-editor\" data-id=\"f7311c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Filipino, 73, Female<br \/>Date of First Appointment: April 30, 2025<\/p><p>Key positions in various companies:<\/p><ul><li>Independent Director \u2013 SM Investments Corporation<\/li><li>Director \u2013 Smart Communications, Inc.<\/li><li>Director \u2013 Digitel Philippines<\/li><li>Director \u2013 MediaQuest Holdings Inc.,<\/li><li>Chairman of the Board \u2013 WTW Insurance &amp; Reinsurance Brokers Inc. Philippines<\/li><li>Independent Director \u2013 Pru Life Insurance Corporation of U.K.<\/li><li>Trustee \u2013 FTW (For The Women) Foundation<\/li><li>Co-Founder of the Filipina CEO Circle<\/li><\/ul><p>Other previous key positions and appointments:<\/p><ul><li>Director \u2013 PLDT Inc.<\/li><li>Director \u2013 Cemex Holdings Phils. Inc.<\/li><li>Trustee \u2013 Asian Institute of Management<\/li><li>Trustee \u2013 ABS CBN Foundation Inc.<\/li><li>Chairman \u2013 Convergys Philippines Services Corporation<\/li><li>Managing Director \u2013 Convergys Corporation Asia Pacific, Europe, Middle East and Africa<\/li><li>Country Manager \u2013 Convergys Philippines<\/li><li>Managing Director \u2013 Headstrong Philippines Inc.<br \/>Various Sales, Marketing and Management positions \u2013 IBM Philippines<\/li><\/ul><p>Relevant Educational background and other training:<\/p><ul><li>Bachelor of Arts major in Math and History \u2013 College of the Holy Spirit<\/li><li>Bachelor of Science Pre-Med \u2013 University of the Philippines<\/li><li>Advance Management Program \u2013 Wharton Aresty Institute of Executive Education,<br \/>University of Pennsylvania<\/li><\/ul><p>Other Information:<\/p><ul><li>3rd woman President and the 68th President \u2013 Management Association of the Philippines<\/li><li>President \u2013 Philippine Software Association<\/li><li>Vice President \u2013 American Chamber of Commerce of the Philippines<\/li><li>Board Member \u2013 Contact Center Association of the Philippines<\/li><li>President \u2013 UP Sigma Delta Phi Alumni Association<\/li><li>Global Filipino Executive of the Year \u2013 Asia CEO Awards<\/li><li>Woman STARpreneur Award \u2013 \u2018Go Negosyo\u2019<\/li><li>100 Most Influential Filipino Women in the World \u2013 Filipina Women\u2019s Network<\/li><li>Mariang Maya Award \u2013 UP Sigma Delta Phi<\/li><li>Babae Trailblazer Award \u2013 Women\u2019s Business Council Philippines<\/li><\/ul><p>Other Directorships in Reporting\/Listed Companies: None<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ee17a76 e-con-full e-flex e-con e-parent\" data-id=\"ee17a76\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f9c079 elementor-widget elementor-widget-heading\" data-id=\"9f9c079\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Skill Set Matrix of the Directors:<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ef7f50 elementor-widget elementor-widget-shortcode\" data-id=\"2ef7f50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-8\" class=\"tablepress tablepress-id-8\">\n<thead>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><th class=\"column-2\">Chairman \/ Independent Director<\/th><th class=\"column-3\">Vice Chairperson<\/th><th class=\"column-4\">Vice Chairman<\/th><th class=\"column-5\">Director<\/th><th class=\"column-6\">Director<\/th><th class=\"column-7\">Independent Director<\/th><th class=\"column-8\">Independent Director<\/th><th class=\"column-9\">Independent Director<\/th><th class=\"column-10\">Independent Director<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Course\/ Degree<\/td><td class=\"column-2\">Bachelor of Arts in Economics and Master's in Public Policy and Administration (Development Economics)<\/td><td class=\"column-3\">Bachelor of Arts and Science in Commerce, major in Management<\/td><td class=\"column-4\">Bachelor of Arts and Science in Commerce, major in Management<\/td><td class=\"column-5\">Bachelor of Science in Commerce, major in Finance<\/td><td class=\"column-6\">Bachelor of Science in Business Management and a Master's in Business Administration Program<\/td><td class=\"column-7\">Bachelor of Arts in Psychology, Bachelor of Laws and Master of<br \/>\nLaws<\/td><td class=\"column-8\">Bachelor of Arts in Economics and a Master's in Development<br \/>\nEconomics<\/td><td class=\"column-9\">Bachelor of Science in Management Engineering and Mathematics and Master's in Business Administration<\/td><td class=\"column-10\">Bachelor of Arts major in Math and History: Bachelor of Science Pre-Med<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><span class=\"board-header\">Amando M. Tetangco Jr.<\/span><\/td><td class=\"column-3\"><span class=\"board-header\">Teresita T. Sy<\/span><\/td><td class=\"column-4\"><span class=\"board-header\">Henry T. Sy Jr.<\/span><\/td><td class=\"column-5\"><span class=\"board-header\">Harley T. Sy<\/span><\/td><td class=\"column-6\"><span class=\"board-header\">Frederic C. DyBuncio<\/span><\/td><td class=\"column-7\"><span class=\"board-header\">Lily K. Gruba<\/span><\/td><td class=\"column-8\"><span class=\"board-header\">Ramon M. Lopez<\/span><\/td><td class=\"column-9\"><span class=\"board-header\">Robert G. Vergara<\/span><\/td><td class=\"column-10\"><span class=\"board-header\">Marife B. Zamora<\/span><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Accounting<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Audit<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Internal Control<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Banking<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Treasury<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Corporate Governance<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Finance<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Management \/ Operations<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Retail<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Risk Management<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Sales\/ Marketing<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Anti-Money<br \/>\nLaundering \/ Data<br \/>\nPrivacy<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Investments<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Sustainability<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Property management<\/td><td class=\"column-2\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Legal<\/td><td class=\"column-2\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">-<\/div><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Gender Diversity<\/td><td class=\"column-2\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-3\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-4\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-5\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-6\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-7\"><div class=\"check-content\">\u2713<\/div><\/td><td class=\"column-8\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-9\"><div class=\"check-content\">-<\/div><\/td><td class=\"column-10\"><div class=\"check-content\">\u2713<\/div><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-8 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7daa6d8 e-flex e-con-boxed e-con e-parent\" data-id=\"7daa6d8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e19f934 elementor-widget elementor-widget-heading\" data-id=\"e19f934\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Board Performance and Attendance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee94e6e elementor-widget elementor-widget-text-editor\" data-id=\"ee94e6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Know about our\u00a0<a href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2025\/05\/SMIC-Results-of-Organizational-Board-Meeting-April-30-2025.pdf\" target=\"_blank\" rel=\"noopener\">2025 Board Committees<\/a>\u00a0as disclosed<\/p><p>Per our Manual on Corporate Governance, the Board should meet at least six (6) times annually. For the year 2025, there were nine (9) meetings conducted of which 100% attendance was achieved. The Board meetings are scheduled before the start of the financial year to encourage higher participation. Special board meetings<br \/>may be called by the Chairman, the President or Corporate Secretary at the request of any two (2) directors. A director\u2019s absence or non-participation for whatever reason in more than 50% of all meetings, both regular and special, in a year may be a ground for temporary disqualifiation in the succeeding election. Furthermore, non-executive directors meet at least once annually without any executive directors or representatives of Management present, and also hold a separate meeting with the external auditors, likewise without executive directors or Management present.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-697e24c e-flex e-con-boxed e-con e-parent\" data-id=\"697e24c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-408b242 elementor-widget elementor-widget-shortcode\" data-id=\"408b242\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-7\" class=\"tablepress tablepress-id-7\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"3\" class=\"column-1\"><div style=\"text-align:center\">2025 meetings and Attendance<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Director<\/td><td class=\"column-2\">Meetings Attended<\/td><td class=\"column-3\">Percentage Present (%)<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Amando M. Tetangco, Jr.<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Teresita T. Sy<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Henry T. Sy, Jr.<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Harley T. Sy<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Frederic C. DyBuncio<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Robert G. Vergara<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Ramon M. Lopez<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Lily K. Gruba<\/td><td class=\"column-2\">9\/9<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Marife B. Zamora*<\/td><td class=\"column-2\">6\/6<\/td><td class=\"column-3\">100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-7 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a53393 elementor-widget elementor-widget-text-editor\" data-id=\"3a53393\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>*Ms. Marife B. Zamora was elected on April 30, 2025 as Independent Director, replacing Ms. Tomasa H. Lipana. Ms. Lipana attended the Board meetings held on January 22, February 7 and 28, 2025.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d0bd6e e-flex e-con-boxed e-con e-parent\" data-id=\"5d0bd6e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1501093 elementor-widget elementor-widget-heading\" data-id=\"1501093\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Board Committees<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db9d8b4 elementor-widget elementor-widget-text-editor\" data-id=\"db9d8b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To address specific tasks and responsibilities, the Board adopted six (6) board committees, namely the Executive Committee, the Audit Committee, the Related Party Transaction Committee, the Compensation Committee, the Risk Management Committee, and the Corporate Governance and Sustainability Committee.<\/p><p>Each committee has a Charter, which defines i s composition, roles and responsibilities in line with the provisions found in the Manual on Corporate Governance and pertinent regulations. The Charters include administrative provisions on the conduct of meetings and proceedings, reportorial responsibilities and provide the standards for evaluation of the respective committee performance. The Charters are posted on the Company\u2019s website.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e63fe2f e-flex e-con-boxed e-con e-child\" data-id=\"e63fe2f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-78522ef e-con-full e-flex e-con e-child\" data-id=\"78522ef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-0c80f4e e-con-full e-flex e-con e-child\" data-id=\"0c80f4e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-233bbb2 e-con-full e-flex e-con e-child\" data-id=\"233bbb2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e4368cf elementor-widget elementor-widget-heading\" data-id=\"e4368cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Executive Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8651cf8 elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"8651cf8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"2\" class=\"column-1\"><div style=\"text-align:center\">Executive Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Chairperson (NED)<\/td><td class=\"column-2\">Teresita T. Sy<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Member (ED)<\/td><td class=\"column-2\">Harley T. Sy<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ED)<\/td><td class=\"column-2\">Frederic C. DyBuncio<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-6 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-559c6ea elementor-widget elementor-widget-text-editor\" data-id=\"559c6ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Executive Committee is composed of both executive and non-executive directors and acts on behalf of the Board during the interim periods between Board meetings. The Committee meets, at least, on a monthly basis to assist the Board in overseeing the implementation of strategies, set and monitor the Company\u2019s performance goals and foster the sharing and dissemination of best practices in all areas of the business group. The Executive Committee also defines the group-wide policies and action, relating to sustainable development, including environment, health and safety, internal communications, innovation and research and technology and purchasing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-067ad89 e-con-full e-flex e-con e-child\" data-id=\"067ad89\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ec5119e elementor-widget elementor-widget-text-editor\" data-id=\"ec5119e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tLearn more through the\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-deb2fa0 elementor-button-info elementor-widget elementor-widget-button\" data-id=\"deb2fa0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Executive-Committee-002-v.3-1.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"huge huge-document-attachment\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Executive Committee Charter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b8a6326 e-con-full e-flex e-con e-child\" data-id=\"b8a6326\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e45cf00 elementor-widget elementor-widget-heading\" data-id=\"e45cf00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Corporate Governance and Sustainability Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2f4091 elementor-widget elementor-widget-text-editor\" data-id=\"a2f4091\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Corporate Governance and Sustainability Committee is tasked to assist the Board in its corporate governance and sustainability-related responsibilities, such as but not limited to, economic, environmental, social and governance (EESG) matters, climate change, Anti-Money Laundering Act, information technology, risk and social impacts related to sustainability reporting. The Committee also performed the review and evaluation of the qualifi ations of all candidates nominated to the Board of Directors, and those nominated to positions that require Board approval under the Company\u2019s By-Laws. The Committee is composed entirely of non-executive and independent directors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29027bb elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"29027bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-5\" class=\"tablepress tablepress-id-5 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"5\" class=\"column-1\"><div style=\"text-align:center\">Corporate Governance and Sustainability Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td colspan=\"5\" class=\"column-1\"><div style=\"text-align:center\">2025 Meetings and Attendance*<\/div><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td><td class=\"column-3\">2\/26<\/td><td class=\"column-4\">3\/14<\/td><td class=\"column-5\">8\/4<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Chairperson (ID)<\/td><td class=\"column-2\">Amando M. Tetangco, Jr.<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Ramon M. Lopez<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Robert G. Vergara<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Lily K. Gruba<\/td><td class=\"column-3\">-<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-5 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3642ea5 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"3642ea5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>*Ms. Tomasa H. Lipana served as an Independent Director and a member of the Corporate Governance and Sustainability Committee until April 30, 2025.<\/p><p>She attended meetings held on February 26 and March 14, 2025.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e8a8d32 e-con-full e-flex e-con e-child\" data-id=\"e8a8d32\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-06d10f9 elementor-widget elementor-widget-text-editor\" data-id=\"06d10f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Learn more through the<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1a0a28 elementor-button-info elementor-widget elementor-widget-button\" data-id=\"d1a0a28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2024\/12\/SMIC-CGandSustainability-Committee-Charter_w.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"huge huge-document-attachment\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Corporate Governance and Sustainability Committee Charter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-79e2975 e-con-full e-flex e-con e-child\" data-id=\"79e2975\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1f50f32 e-con-full e-flex e-con e-child\" data-id=\"1f50f32\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-095f52b e-con-full e-flex e-con e-child\" data-id=\"095f52b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-79f63e9 e-con-full e-flex e-con e-child\" data-id=\"79f63e9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-883e1fb elementor-widget elementor-widget-heading\" data-id=\"883e1fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Compensation Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b777728 elementor-widget elementor-widget-text-editor\" data-id=\"b777728\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Compensation Committee is tasked with the oversight of policies on salaries and benefits, as well as promotions and other forms of career advancement. The Committee is composed of three (3) non-executive directors, two (2) of whom are independent directors, and meets at least twice during the year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5685b11 elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"5685b11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-4\" class=\"tablepress tablepress-id-4 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">Compensation Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">2025 Meetings and Attendance<\/div><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td><td class=\"column-3\">4\/30<\/td><td class=\"column-4\">11\/10<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Chairperson (NED)<\/td><td class=\"column-2\">Teresita T. Sy<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Amando M. Tetangco, Jr.<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Lily K. Gruba<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-4 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-00e82cb e-con-full e-flex e-con e-child\" data-id=\"00e82cb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b309e3e elementor-widget elementor-widget-text-editor\" data-id=\"b309e3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Learn more through the<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32dc40f elementor-button-info elementor-widget elementor-widget-button\" data-id=\"32dc40f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Compensation-Committee-Charter-2222017_0.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"huge huge-document-attachment\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Compensation Committee Charter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccca651 elementor-widget elementor-widget-heading\" data-id=\"ccca651\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Board Remuneration<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b475fc elementor-widget elementor-widget-text-editor\" data-id=\"8b475fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The annual compensation paid to each director is disclosed annually in the Definitive Information Statement sent to shareholders as publicly disclosed and posted on the Company website, together with the Notice of the Annual Stockholders\u2019 Meeting. Each member of the Board received PHP5.4 million for the year 2025 except for any outgoing and newly elected Director whose remuneration is pro-rated. As such, Ms. Marife B. Zamora received PHP3.6 million for the year 2025 as she was elected as Independent Director on April 30, 2025.<\/p><p>There is no distinction on the fee for a committee chairman and member. Other than these fees, the non-executive directors do not receive any share options, profi sharing, bonus, or other forms of emoluments. As part of the Code of Ethics, grants or loan arrangements extended to Directors and Officers by the Company<br \/>and\/or its subsidiaries and\/or affili es are prohibited unless covered by the requisite approval from the Board of Directors and are done at arms\u2019 length and at fair market rates. No director shall be involved in deciding his own remuneration during his incumbent term. Any change in the remuneration structure of directors shall be subject to the approval by the Company\u2019s stockholders during the stockholders\u2019 meeting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9602359 e-con-full e-flex e-con e-child\" data-id=\"9602359\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-69eb42c e-con-full e-flex e-con e-child\" data-id=\"69eb42c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f5fe114 elementor-widget elementor-widget-heading\" data-id=\"f5fe114\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Risk Management Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4b31f6 elementor-widget elementor-widget-text-editor\" data-id=\"c4b31f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Risk Management Committee is responsible for the oversight of the Company\u2019s Enterprise Risk Management (ERM) system. The Committee is composed entirely of non-executive and independent directors, including the Chairman. Per the Committee\u2019s charter, at least one (1) of its members must have relevant knowledge and experience on risk and risk management. The Committee Chairman, Mr. Robert G. Vergara does not serve as the chairman of any of the other board committees.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-566b4b0 elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"566b4b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-3\" class=\"tablepress tablepress-id-3 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">Risk Management Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">2025 Meetings and Attendance<\/div><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td><td class=\"column-3\">8\/4<\/td><td class=\"column-4\">11\/10<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Chairperson (ID)<\/td><td class=\"column-2\">Robert G. Vergara<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Amando M. Tetangco, Jr.<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Lily K. Gruba<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Marife B. Zamora*<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55ffaf8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"55ffaf8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>*Ms. Marife B. Zamora was elected as Independent Director and appointed as a member of the Risk Management Committee on April 30, 2025.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-99058f2 e-con-full e-flex e-con e-child\" data-id=\"99058f2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3790c1f elementor-widget elementor-widget-text-editor\" data-id=\"3790c1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Learn more through the<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-149208f elementor-button-info elementor-widget elementor-widget-button\" data-id=\"149208f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Risk_Management_Committee_Charter_JAN-2022.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"huge huge-document-attachment\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Risk Management Committee Charter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b53d17a e-con-full e-flex e-con e-child\" data-id=\"b53d17a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e99afe9 elementor-widget elementor-widget-heading\" data-id=\"e99afe9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Related Party Transaction Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65ef3ca elementor-widget elementor-widget-text-editor\" data-id=\"65ef3ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Related Party Transaction Committee reviews all material related party transactions of the Company and ensures that said transactions are conducted reasonably and at arms\u2019 length. The Committee is composed of three (3) non-executive and independent directors, including the Chairman. The disclosure on the details of related party transactions including name, relationship, and nature, among others, are in Note 21 of the Notes to the Consolidated Financial Statements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-721b400 elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"721b400\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-2\" class=\"tablepress tablepress-id-2 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">Related Party Transaction Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td colspan=\"4\" class=\"column-1\"><div style=\"text-align:center\">2025 Meetings and Attendance<\/div><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td><td class=\"column-3\">2\/26<\/td><td class=\"column-4\">10\/15<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Chairperson (ID)<\/td><td class=\"column-2\">Ramon M. Lopez<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Robert G. Vergara<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Marife B. Zamora*<\/td><td class=\"column-3\">-<\/td><td class=\"column-4\">\u2713<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6a2ad1 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a6a2ad1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>*Ms. Marife B. Zamora was elected as an Independent Director on April 30, 2025, replacing Mr. Amando M. Tetangco, Jr. (ID) as a member of the Related Party Transactions Committee. Mr. Tetangco attended the committee meeting held on February 26, 2025.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-856a32e e-con-full e-flex e-con e-child\" data-id=\"856a32e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-a243968 e-con-full e-flex e-con e-child\" data-id=\"a243968\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-683cf96 elementor-widget elementor-widget-text-editor\" data-id=\"683cf96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Learn more through the<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aae437d elementor-button-info elementor-widget elementor-widget-button\" data-id=\"aae437d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/wp-content\/uploads\/2023\/04\/Charter-Related-Party-Transaction-committee.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"huge huge-document-attachment\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Related Party Transactions Committee Charter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc7d553 elementor-widget elementor-widget-heading\" data-id=\"cc7d553\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Audit Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dd6b3b elementor-widget elementor-widget-text-editor\" data-id=\"3dd6b3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Audit Committee exercises the Board\u2019s oversight of the Company\u2019s financial reporting, internal control system, internal and external audit processes and compliance with applicable laws, rules and regulation. The Committee pursuant to its Charter, and so authorized by the Board, also recommends and evaluates the performance of the external auditor. The Committee is composed of four (4) non-executive and independent directors, including the Chairperson. Its members possess relevant background, knowledge, skills and experience in areas of accounting, audit and finance.<\/p><p>The Committee meets at least four (4) times during the year. The Chairperson of the Audit Committee, Atty. Lily K. Gruba, does not serve as the chairperson of any of the other board committees. More information on the Committee\u2019s activities are discussed in the Audit Committee Report included in this report.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a87c458 elementor-widget__width-initial elementor-widget elementor-widget-shortcode\" data-id=\"a87c458\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-1\" class=\"tablepress tablepress-id-1 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"7\" class=\"column-1\"><div style=\"text-align:center\">Audit Committee<\/div><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td colspan=\"7\" class=\"column-1\"><div style=\"text-align:center\">2025 Meetings and Attendance<\/div><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Office<\/td><td class=\"column-2\">Name<\/td><td class=\"column-3\">2\/26<\/td><td class=\"column-4\">2\/28<\/td><td class=\"column-5\">5\/5<\/td><td class=\"column-6\">8\/4<\/td><td class=\"column-7\">11\/10<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Chairperson (ID)<\/td><td class=\"column-2\">Lily K. Gruba*<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td><td class=\"column-6\">\u2713<\/td><td class=\"column-7\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Ramon M. Lopez<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td><td class=\"column-6\">\u2713<\/td><td class=\"column-7\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Amando M. Tetangco, Jr.<\/td><td class=\"column-3\">\u2713<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td><td class=\"column-6\">\u2713<\/td><td class=\"column-7\">\u2713<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Member (ID)<\/td><td class=\"column-2\">Marife B. Zamora**<\/td><td class=\"column-3\">-<\/td><td class=\"column-4\">\u2713<\/td><td class=\"column-5\">\u2713<\/td><td class=\"column-6\">\u2713<\/td><td class=\"column-7\">\u2713<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-1 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7884ce elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"f7884ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>*Atty. Lily K. Gruba was appointed as Chairperson of the Audit Committee on April 30, 2025. Ms. Tomasa H. Lipana served as the Chairperson until April 30, 2025 and attended the Audit Committee meetings held on February 26 and February 28, 2025.<\/p><p>** Ms. Marife B. Zamora was elected on April 30, 2025 as an Independent Director.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Corporate Governance SM Investments Corporation (SMIC or the \u201cCompany\u201d) practices good corporate governance in all its dealings with all stakeholders, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"iawp_total_views":12,"footnotes":""},"class_list":["post-2272","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/pages\/2272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/comments?post=2272"}],"version-history":[{"count":61,"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/pages\/2272\/revisions"}],"predecessor-version":[{"id":2552,"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/pages\/2272\/revisions\/2552"}],"wp:attachment":[{"href":"https:\/\/www.sminvestments.com\/2025smicintegratedreport\/wp-json\/wp\/v2\/media?parent=2272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}