{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Corporate Governance Framework","text":"\u003Cp\u003EA structure that consist of leaders that uphold only the highest standards. \u003Cb\u003E\u003Ca href=\"/content/shell/business/shellpilipinas/en_ph/corporate-governance.html\"\u003EClick here to learn more\u003C/a\u003E\u003C/b\u003E.\u003C/p\u003E\r\n","links":[{"name":"Corporate Governance Framework","value":"https://pilipinas.shell.com.ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework.html"}],"image":{"src":"https://pilipinas.shell.com.ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/_jcr_content/root/metadata.shellimg.jpeg/1714053045551/corporate-governance-framework.jpeg","alt":"Corporate Governance Framework","width":7865,"height":4442}},"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pilipinas.shell.com.ph/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pilipinas.shell.com.ph/"},{"name":"Sustainability","value":"https://pilipinas.shell.com.ph/sustainability.html"},{"name":"Pilipinas Shell Annual and Sustainability Report 2018","value":"https://pilipinas.shell.com.ph/sustainability/pilipinas-shell-annual-sustainability-report-2018.html"},{"name":"Good Governance: Leading with Impact","value":"https://pilipinas.shell.com.ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact.html"},{"name":"Corporate Governance Framework","value":"https://pilipinas.shell.com.ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework.html"}]},"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"Corporate Governance Framework","text":"\u003Cp\u003EThe Board of Directors (BOD) exemplify the high standards that we have set as a company.\u003C/p\u003E\r\n"},"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"inherited","colspan":6,"id":"/content/shell/business/shellpilipinas/en_ph/sustainability/pilipinas-shell-annual-sustainability-report-2018/good-governance-leading-with-impact/corporate-governance-framework/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EThe BOD follows the best practices in corporate governance as laid down in the Revised Manual on Corporate Governance of Pilipinas Shell, in compliance with the local Code of Corporate Governance for Publicly Listed Companies, and in line with the G20/OECD Principles of Corporate Governance, as well as the ASEAN Corporate Governance Scorecard.\u003Cbr\u003E\r\n\u003C/p\u003E\r\n\u003Cp\u003ENotably, the Chairman of the Board is a Non-Executive Director, whereas the CEO position is occupied by a career officer with more than 30 years of experience in the Shell Group.\u003C/p\u003E\r\n\u003Cp\u003EThe BOD is composed of a majority of Independent and Non-Executive Directors. To assure independence of decision- making, the Independent Directors are expected to serve a maximum cumulative term of nine years, and thereafter will be barred from re-election as an Independent.\u003C/p\u003E\r\n\u003Cp\u003EDiversity of thought is assured by differences in background, age, gender, ethnicity, and work experience.\u003C/p\u003E\r\n\u003Cp\u003EThe members of the Board are grouped into several committees with specific functions to aid in governance: Corporate Governance, Board Audit and Risk Oversight, Related Party Transactions (RPT), Nomination, and Corporate Social Responsibility (CSR).\u003C/p\u003E\r\n\u003Cp\u003EThe roles and composition of each committee may be found on the company website. Majority of the members of the Board committees are Independent Directors and Non- Executive Directors. Notably, the committees on Corporate Governance, Board Audit and Risk Oversight, and RPT are all chaired by Independent Directors. 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