YES. The roles and responsibilities of the Board of Directors are clearly stated in the Manual of Corporate Governance, Duties and Responsibilities of the Board.  This is also disclosed to the PSE and SEC and posted in the company's website.

References:

1. Website/Corporate Governance/Amended Manual on Corporate Governance, Duties and Responsibilities of the Board

2. Website/Corporate Governance/Amended Manual on Corporate Governance, August 2016

2. PSE EDGE - Amended Manual on Corporate Governance August 2016