Benguet Corporation at the Organizational Meeting of the Board of Directors held on 11 November 2020 approved appointment of Jesse Hermogenes T. Andres as chairman, Anthony M. Te and Kwok Yam Ian Chan as Member, Bernardo M. Villegas as Member/Independent Director of Executive Committee, Jesse Hermogenes T. Andres as Chairman, Anthony M. Te as Member, Bernardo M. Villegas and Reginald S. Velasco as Member/Independent Director of Salary and Stock Option Committee, Rhodora L. Dapula as Chairman/Independent Director, Bernardo M. Villegas as Bernardo M. Villegas, Lester C. Yee and Andrew Patrick R. Casino as Member of Audit Committee, Bernardo M. Villegas as Chairman/Independent Director, Jesse Hermogenes T. Andres and Anthony M. Te as Member, Reginald S. Velasco as Member/Independent Director of Nomination Committee, Bernardo M. Villegas as Chairman/Independent Director, Rhodora L. Dapula and Reginald S. Velasco as Member/Independent Director, Lina G. Fernandez as Compliance Officer of Corporate Governance Committee, Reginald S. Velasco as Chairman/Independent Director, Jose Raulito E. Paras as Member, Bernardo M. Villegas as Member/Independent Director, Pamela M. Gendrano as Chief Risk Officer of Board Risk Oversignt Committee and Bernardo M. Villegas as Chairman/Independent Director, Reginald S. Velasco as Member/Independent Director, Luis Juan L. Virata and Jose Raulito E. Paras as member of Related Party Transactions Committee.