E.2.23
Is the chairman of the Audit Committee an independent director/commissioner?
Response
YES. The Chairman of the Audit Committee is an independent director. The incumbent Chairman is Mr. Honorio O. Reyes-Lao, an independent director.
Reference:
1. SEC Form 17-C - Board Meeting Results dated May 14, 2015
2. Website - Corporate Governance/Board Committees and Charters