2GO Group, Inc. recognizes the vital role that a strong corporate governance culture plays in the operations of its business. The Company ensures that its business is conducted in a manner that exudes the governance principles of fairness, accountability and transparency and strives to keep pace with globally recognized best practices in corporate governance.
In accordance with the Manual on Corporate Governance, the Board meets at least six (6) times annually. Board meetings are scheduled a year in advance to encourage higher participation. Special board meetings may be called upon by the Chairman, the President or Corporate Secretary at the request of any two (2) directors. A director’s 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 disqualification in the succeeding election. Furthermore, non-executive directors meet at least once a year, without any executive directors or representatives of Management present. Board papers and other materials used during Board meetings are distributed to the relevant parties at least one (1) week before the actual meeting.
Director | 2020 Meetings and Attendance | % | |||||||
1/30 | 2/27 | 4/8 | 5/5 | 5/26 | 6/18 | 8/6 | 11/5 | ||
Dennis A. Uy | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Francis C. Chua | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Frederic C. DyBuncio | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Elmer B. Serrano | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Ma. Concepcion F. de Claro | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Chryss Alfonsus V. Damuy | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Joseph C. Tan | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Laurito E. Serrano | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
Jesus G. Dureza | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 100 |
The 2GO Board of Directors is responsible for the long-term sustainability of the Company, and ensures that it balances its corporate objectives with the best interest of its shareholders and other stakeholders. The 2GO Board is composed of nine (9) highly respectable professionals, two (2) of whom, are non-executive-independent directors. In line with corporate governance best practice, the Company’s independent directors are free from management responsibilities, substantial shareholdings and material relations, all of which are perceived to impede independent judgment. Likewise, the roles of the Chairman of the Board and the Chief Executive Officer are held by separate individuals to promote a balanced Board, and increase accountability and controls.
Director | Designation | Directorship | Year First Elected |
Frederic C. DyBuncio | Chairman of the Board | Executive Director | April 2017 |
Francis C. Chua | Vice Chairman | Non-Executive Director | January 2011 |
Atty. Elmer B. Serrano | Corporate Secretary and Corporate Information Officer | Non-Executive Director | February 2017 |
Laurito E. Serrano | Independent Director | Independent Director | April 2017 |
Atty. Jesus G. Dureza | Independent Director | Independent Director | April 2019 |
Paquito N. Ochoa, Jr. | Independent Director | Independent Director | April 2021 |
Sing Mein Ang | Director | Non-Independent Director | June 2021 |
Kiat Chan | Director | Non-Independent Director | June 2021 |
Stephen Ly | Director | Non-Independent Director | June 2021 |
*Atty. Joseph C. Tan was replaced by Paquito N. Ochoa, Jr. on April 23, 2021.two
Executive Committee | |
Chairman | Frederic C. DyBuncio |
Members | Stephen Ly |
Elmer B. Serrano |
Audit Committee | |
Chairman | Laurito E. Serrano |
Members | Chan Kiat |
Paquito D. Ochoa, Jr. |
Risk Oversight Committee | |
Chairman | Jesus G. Dureza |
Members | Frederic C. DyBuncio |
Laurito E. Serrano |
Related Party Transaction Committee | |
Chairman | Paquito D. Ochoa, Jr. |
Members | Sing Mein Ang |
Laurito E. Serrano |
Corporate Governance Committee | |
Chairman | Paquito D. Ochoa, Jr. |
Members | Laurito E. Serrano |
Jesus G. Dureza |
Office | Director |
Chairman | Laurito E. Serrano |
Members | Chan Kiat |
Paquito D. Ochoa, Jr. |
Office | Director |
Chairman | Jesus G. Dureza |
Members | Frederic C. DyBuncio |
Laurito E. Serrano |
Office | Director |
Chairman | Paquito D. Ochoa, Jr. |
Members | Laurito E. Serrano |
Jesus G. Dureza |
Office | Director |
Chairman | Paquito D. Ochoa, Jr. |
Members | Sing Mein Ang |
Laurito E. Serrano |
Office | Director |
Chairman | Frederic C. DyBuncio |
Members | Stephen Ly |
Elmer B. Serrano |
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