SECURITY Bank Corp. (SECB) received the approval of the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas to amend its articles of incorporation and increase the number of board seats to 15 from the previous 11.
The four directors who were elected during the April 2017 shareholders meeting.
The addition to the existing 11 board members of Security Bank include Diana P. Aguilar, Jikyeong Kang (independent), Ramon R. Jimenez (independent) and Napoleon L. Nazareno (independent).
Kang will sit in the corporate governance Committee while Philip T. Ang will be in the nominations and remuneration committee.
Nazareno will be in risk oversight committee while Hung will join the audit committee.
Jimenez will chair the related party transactions committee.
Aguilar will chair the trust committee. (PR)