The Board of Directors of the Bank of the Philippine Islands at its meeting held on 21 October 2020 approved the changes in the chairmanship/membership of the Audit and Corporate Governance Committees for the remainder of the term 2020-2021. Maria Dolores B. Yuvienco becomes Chairman of Audit Committee from Member of Audit Committee. Ignacio R. Bunye becomes Chairman of Corporate Governance Committee from Member of Corporate Governance Committee. Romeo L. Bernardo becomes Member of Audit Committee. Effective date of changes is October 21, 2020.