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November 14, 2023, SECURITIES AND EXCHANGE COMMISSION SEC Headquarters, 7907 Marathi Avenue, Salted Village, Blair, Marathi Inattention:DIR. VICENTE GRACIANO P. FELIZMENIO, JR. Markets and Securities
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An independent director of Aboitiz is a member of the board of directors who does not have any material relationship with the company, thus ensuring impartiality and unbiased decision-making.
Individuals appointed as independent directors of Aboitiz must file the required disclosures with the appropriate regulatory bodies.
The filing process typically involves completing a disclosure form provided by the company or regulatory authorities, detailing the independent director's qualifications and confirming their independent status.
The purpose of having independent directors is to provide objective oversight, enhance the governance of the company, and protect the interests of minority shareholders.
Information that must be reported includes personal details, professional background, independence status, and any potential conflicts of interest.
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