In accordance with RA No. 10173 (Data Privacy Act), I hereby consent to the collection, retention, processing, disclosure (as provided under applicable confidentiality and data privacy laws of the Philippines including all subsequent amendments or supplements there(to) of any personal, sensitive personal, and privileged information relating to me, whether provided by me or coming to the China Banking Corporation’s (hereafter referred to as “Company”) possession, and sharing of the said personal, sensitive personal and privileged information to the Company, its offices, branches, subsidiaries and affiliates, accredited third parties/vendors, credit reporting or credit reference agencies, credit protection provider, guarantee institutions, debt collection agencies, private regulatory organizations and other financial institutions, and other outsourced service providers engaged by the Company for the purposes reasonably required by the Company, for the Company’s conduct of everyday business, and/or only if required to do so by law or in good faith belief that such action is necessary to: (a) assess my suitability for employment with the Company or any of its subsidiaries; (b) submit reports to Senior Management on recruitment strategies and demographics; (c) submit reports to government agencies; (d) use as reference when conducting reference checks; (e) conduct background/credit investigation; (f) conform to the edicts of the law or comply with legal process served on the Company and its subsidiaries; (g) protect and defend the rights or property of the Company and its subsidiaries and (h) act under exigent circumstances to protect the personal safety of users of the Company and its subsidiaries or the public.
I shall notify the Company in writing, which must be acknowledged by the Company, if I do not consent to the aforementioned processing. I further acknowledge my right to information, access, correction, rectification, erasure of my personal, sensitive personal and privileged information, data portability, objection to processing and to file complaint under the Data Privacy Act. I agree that the Company may retain my personal information for as long as necessary for the fulfilment of the purpose for which it was collected and such other purposes that I may have consented from time to time, as required by pertinent laws and regulations, and provide information when required to do so in accordance with applicable laws, by court order, and jurisprudence.
If I provide the Company with any personal information relating to a third party (e.g. reference information, et.al.), I warrant to the Company that I have obtained the recorded consent of such third party to provide the Company with the third party’s personal information for the relevant purposes and can upon the Company’s consent request, submit the same for inspection.
I agree that the Company shall not be liable for any loss or damage arising from the Company’s disclosure of personal information for the above purposes.
At its annual stockholders’ meeting held virtually on May 6, 2021, China Banking Corporation (China Bank, stock symbol: CHIB) declared P2.69 billion cash dividends or P1.00 per share, equivalent to a cash dividend yield of 4.02% based on the Bank’s closing price of P24.90 as of that date.
The cash dividends will be paid on June 4, 2021 to stockholders on record as of May 21, 2021.
At the same stockholders’ meeting, Genaro V. Lapez was elected as independent director.
Lapez is a seasoned strategic and tactical thinker with extensive local and international experience in banking and consumer marketing. He was most recently a Senior Advisor at Union Bank of the Philippines where he also previously served as Executive Vice President and Head of Center for Strategic Partnerships and Head of Consumer Finance. In the past, he held various senior leadership positions at Royal Numico, Coca-Cola Bottlers Phils., Inc., San Miguel Corporation, Nabisco, and Time Life/Time-Warner, Inc. He earned his Bachelor of Science degree in Management Engineering from the Ateneo de Manila University.
Lapez replaced Alberto S. Yao. China Bank Chairman Hans T. Sy expressed his gratitude to Yao who has been on the Board since 2004. “His crucial roles as Lead Independent Director and Audit Committee Chairman ensured a strong element of independence in our Board. He has also given wise counsel as Independent Director in our subsidiaries China Bank Savings, China Bank Capital, and China Bank Securities. On behalf of the Board and the Bank, I thank Mr. Yao for all his contributions to the Bank and wish him all the best in his future endeavors,” he said.
The other incumbent members of the Board were re-elected: Hans T. Sy as chairman, Gilbert U. Dee as vice chairman; William C. Whang, Peter S. Dee, Joaquin T. Dee, Harley T. Sy, Herbert T. Sy, and Jose T. Sio as directors; and Margarita L. San Juan, Philip S.L. Tsai, and Claire Ann T. Yap as independent directors. Newly-elected Lapez is the Bank’s fourth independent director. Ricardo R. Chua remains as advisor to the Board.