Creation of a Technical Working Group Tasked to Oversee the Adoption of the ASEAN Corporate Governance Scorecard

August 14, 2017 INSURANCE CIRCULAR LETTER NO. 041-17 Supersedes: None TO : All Life and Non-Life Insurance Companies, and Covered Entities SUBJECT : Creation of a Technical Working Group Tasked to Oversee the Adoption of the ASEAN Corporate Governance Scorecard In the interest and exigency of service, the following personnel are hereby designated as members of the Technical Working Group (TWG) tasked to oversee the adoption of the ASEAN Corporate Governance Scorecard and revisit, review and/or revise IC Circular Letter No. 31-2005 on Corporate Governance Principles and Leading Practices. The following are the composition of the Technical Working Group: Chairperson: Ms. Ofelia A. Castillo I. Insurance Commission a. Ms. Lorna D. De Leon b. Atty. Albert Lawrence A. Vinzon c. Mr. Bryan Howell Y. Zapanta d. Ms. Soledad A. Sanchez e. Mr. Ariel S. Sim II. Institute of Corporate Directors (ICD) a. Mr. Roberto Bascon III. Philippine Life Insurance Association a. Atty. Renato de Jesus b. Atty. Amor Datinguinoo CSEHcT c. Atty. Eir Antig d. Atty. Ajee Tiu Co IV. Philippine Insurers and Reinsurers Association a. Mr. Pedro P. Benedicto, Jr. b. c. V. Philippine Chamber of Mutual Benefit Associations a. Atty. Elizabeth D. Hidalgo b. Ms. Eloisa Dimagiba c. Mr. Gener Luciano VI. Microinsurance MBA Association of the Philippines, Inc. a. Mr. Jun Jay E. Perez b. Ms. Rachelle N. Rivas The TWG shall ensure consistency of the ASEAN Corporate Governance Scorecard with the IC Circular on Corporate Governance Principles and Leading Practices. The Chairperson shall designate the group secretariat and shall facilitate the provision of venue and other resources for the meetings conducted in the Insurance Commission. This Circular shall take effect immediately. (SGD.) DENNIS B. FUNA Insurance Commissioner