Board Committee Charters


The Board of Directors (the “Board”) of Cirtek Holdings Philippines Corporation (the “Company’s” or “Cirtek Group”) oversees the business of the Company and in all matters of sustainability and governance.  Within their authority under the applicable laws and the Company’s By-laws, the Directors, acting as a Board, have the fullest powers over the business objectives and strategy of the Company according to their best judgment.

The Board is responsible to promote and adhere to the principles and best practices of corporate governance and to foster the Company’s sustainability and long-term success.  In the exercise of its powers and duties, the Board must act on a fully informed basis, in good faith, with due diligence and care, and in the best interest of the Company, its shareholders and other stakeholders.  The Board is the guardian of fairness, transparency, and accountability in all of the major financial and business dealings of the Company, protecting the interests of investors and other stakeholders.

Thus, to support the effective performance of its functions and responsibilities, the Board has created committees: Audit and Risk Management Committee, Sustainability and Compliance Committee, Compensation and Nomination Committee and Related Party Transactions Committee.  The Board has adopted for each Board Committee a charter providing, among others, the composition of the Board Committee, the qualifications of the members, the powers, duties and responsibilities of the Board Committee and the rules governing the exercise of those powers or performance of the duties and responsibilities.


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Charter on Audit and Risk Management Committee

Charter on Corporate Governance and Compliance Committee

Charter on Compensation and Nomination Committee

Charter on Related Party Transactions Committee