Corporate Governance

Bank of Commerce has adopted a Manual on Corporate Governance (the Manual) which is updated annually or when necessary to incorporate significant changes brought about by new legislations, regulations, or best practices. The latest updated Manual of Corporate Governance was approved by the Board of Directors in November 2020.

The Manual also incorporates the applicable provisions of the General Banking Law of 2000 and the Revised Corporation Code of the Philippines. It contains the principles of sound corporate governance which shall be adhered to by all directors, officers, and employees of the Bank as they execute their respective duties and responsibilities.

As a valuable reference in the implementation of sound governance policies and practices, the Manual serves as a guide to the attainment of the Bank’s vision, mission, and strategic objectives. It emphasizes the Board of Directors’ commitment to prudently managing the Bank, thereby preserving the trust and confidence reposed on it by its clients and other stakeholders. The Board of Directors’ duties and responsibilities, the qualification of directors/independent directors, advisers and consultants, and the composition of the Board of Directors are some of its highlights.

Updated Manual on Corporate Governance – as of April 2022

Corporate Governance Charter

The Sustainability Report is incorporated in the SEC 17-A (Annual Report) and is available here.