R&B Bonus (2016)

Philippines
PLCName R&B Insurance Corporation
StockCode
Expert Name
Sector Insurance
Year 2016
Date of Financial Year End 31/12/2016
Source Document/ Location of Information Yes / No Point REMARKS
Level 2 Bonus Items
A Rights of shareholders
A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting.
A.1.1(B) Does the company allow the use of secure electronic voting in absentia  at the general meetings of shareholders? N 0
B Equitable treatment of shareholders
B.1 Notice of AGM
B.1.1(B) Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? Y 1
C. Role of Stakeholders
C.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected
C.1.1(B) Does the company practise integrated report on its annual reports? Y 2 Compliant on Annual Report submitted to regulatory bodies
D Disclosure and transparency
D.1 Quality of Annual Report
D.1.1(B) Are the audited annual financial report/statement released within 60 days from the financila year end? Y 1
D.1.2(B) Does the company disclose details of remuneration of the CEO? Y 1
E Responsibilities of the Board
E.1 Board Competencies and Diversity
E.1.1(B) Does the company have at least one female independent director/commissioner? General Information Sheet Y 2
E.2 Nominating Committee
E.2.1(B) Does the Nominating Committee comprise entirely of independent directors/commissioners? N 0
E.2.2(B) Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company’s strategic directors? N 0
E.3 Board Appointments and Re-Election
E.3.1(B) Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? Art III, Sec 2 of Amended By-Laws N 0 The remaining directors constituting quorum shall choose a successor/s who shall hold office until next annual election.
E.4 Board Structure & Composition
E.4.1(B) Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners? N 0 IC rules requiring atleast 20% of directors are independent
E.5 Board Performance
E.5.1(B) Does the company have seperate level Risk Committee? N 0
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