East West Banking : 2020 Additional Information on Corporate Governance

2020 Additional Information on Corporate Governance

East West Banking Corporation

1. Type of Directorship and number and percentage of shares held by the Directors

	Type of		Shares held by Directors
Directors	Directorship
	(Executive, Non-			Percentage	Number of
	Executive,			of Shares	Shares
	Independent)			Held
Jonathan T. Gotianun	Non-Executive	Direct		0.00%	19
		Indirect		0.79%	17,827,637
Antonio C. Moncupa, Jr.	Executive	Direct		0.33%	7,333,554
		Indirect		0.00%	-
Lourdes Josephine Gotianun-Yap	Non-Executive	Direct		0.02%	539,629
		Indirect		0.75%	16,927,147
Mercedes T. Gotianun	Non-Executive	Direct		0.00%	15
		Indirect		0.06%	1,320,981
Isabelle Therese G. Yap	Executive	Direct		0.00%	10,005
		Indirect		0.00%	40,000
Wilson L. Sy	Non-Executive	Direct		0.00%	15,000
		Indirect		0.03%	697,365
Nelson M. Bona	Non-Executive	Direct		0.00%	5
		Indirect		0.00%	-
Carlos R. Alindada	Independent	Direct		0.00%	10
		Indirect		0.00%	-
Paul A. Aquino	Independent	Direct		0.00%	60,015
		Indirect		0.00%	-
Jose Maria G. Hofileña	Independent	Direct		0.00%	5
		Indirect		0.00%	-
Gregorio U. Kilayko	Independent	Direct		0.00%	5
		Indirect		0.00%	-

II. Selection and remuneration policy for Senior Management

The selection of the Bank's Senior Management goes through a thorough process of evaluation. Candidates go through assessment by the Talent Management and Acquisition Head, Hiring Manager and Business or Functional Group Head concerned and the Group Head of HR based on set standards and parameters such as but not limited to knowledge, expertise and competencies required for the role, integrity and probity, experience and training. The candidate's values are also appraised against those espoused by the Bank.

The candidate who has successfully met the selection criteria is endorsed for final assessment and hiring approval of the CEO and the Chairman.

The Bank does not have a separate remuneration policy for Senior Management, however, the Bank follows a Rewards Philosophy for EastWestbankers across all ranks. EastWest supports a high performing culture that promotes and rewards performance and recognizes potential through the implementation of total rewards programs that covers competitive pay policies and fundamental benefits to meet personal needs and support family requirements.

The EastWest Philosophy is aimed to:

• Implement differentiated rewards based on performance, potential and job criticality
• Remain competitive especially for talents with high potential, consistent superior performance and occupying critical jobs

III. Conglomerate Map

A.L. GOTIANUN, INC.

MAP SHOWING THE RELATIONSHIP BETWEEN AND AMONG THE COMPANIES IN THE GROUP, ITS ULTIMATE PARENT, CO-SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (As of December 31, 2020)

A.L. Gotianun, Inc.

Filinvest Development Corporation (FDC)

Pacific Sugar		East West Banking
Holdings		Corporation (EW)***
Corporation (PSHC)		FDC 40%;
FDC 100%
	FFC 38%;
		Others 22%

Cotabato Sugar		East West Rural
Central Company,		Bank Inc.
Inc.		EW 100%
PSHC 100%
		East West Insurance
High Yield Sugar		Brokerage, Inc.
Farms Corporation		EW 100%
PSHC 100%
		East West Ageas Life
Davao Sugar Central		Insurance
	Corporation
Company, Inc.		EW 50%
PSHC 100%		Ageas Life Insurance
		Corporation 50%
		East West Leasing
		and Finance
		Corporation
		EW 100%
		Quest Marketing
		And Integrated
		Services, Inc.
		EW 100%
		Assurance Solutions
		Insurance Agency
		EW 100%

Supplementary Information:

• FDC's effective ownership in FAI is 93% (80% direct ownership and 13% indirect ownership through FLI)
  ***FDC's effective ownership in EW is 78% (40% direct ownership and 38% indirect ownership through FFC)

Filinvest Alabang, Inc.

Filinvest Mimosa,

Filinvest Land Inc.

Corporate

FDC Forex Corp.

(FAI)**

Inc.

(FLI)

Technologies

FDC 80%;

(FFC)

FDC 47.5%

FDC 65%;

Incorporated

FDC 100%

FLI 47.5%

Others 35%

FLI 20%

FDC 40%

Clark Development

Corporation 5%

FLI 30%

Property Maximizer

Northgate Convergence

FAI 30%

Professional Corp.

ProMixers

Corporation

Aggregates

Dreambuilders Pro, Inc.

FLI 100%

FAI 100%

FDC - 55%

Corp.

FLI - 45%

DPI - 100%

Homepro Realty

Proplus, Inc.

Marketing, Inc.

FAI 100%

FLI 100%

Property Specialist

ParkingPro, Inc.

Resources, Inc.

FAI 100%

FLI 100%

Spectrum Alabang

Filinvest Cyberzone

Leisurepro, Inc.

Properties, Inc.

FAI 60%

Mimosa, Inc.

FLI 100%

Mitsubishi 40%

FLI - 100%

Filinvest Asia Corp.

Pro Excel Property

Filinvest Lifemalls

Managers, Inc.

Mimosa, Inc.

FLI 60%;

FLI 32.9%

FLI - 100%

Reco Hererra 40%

FAI 67.1%

Timberland Sports and

Cyberzone Properties,

Nature Club

FLI - 98%

Inc. (CPI)

Third-party members - 2%

FLI 100%

Property Leaders

Filinvest AII Philippines,

International Limited (BVI)

Inc.

FLI - 100%

FLI 100%

ProOffice Works

Proleads Philippines,

Filinvest Cyberparks,

Services, Inc.

Inc.

FLI 60%

Inc. (FCI)

FLI - 100%

FCI 40%

FLI 100%

Realpros Philippines,

Philippine DCS Development

Inc.

Corporation

FLI - 100%

FLI 60%;

Engie Services Phil. 40%

Filinvest Lifemalls

Tagaytay, Inc.

Festival Supermall Inc.

FSM Cinemas, Inc.

FLI - 100%

(FSI)

FSI 60%

FLI - 100%

Cinema Services Chain Corp. 40%

Gintong Parisukat

Realty and

FCGC Corporation

Filinvest BCDA Clark, Inc.

Development, Inc.

(FCGCC)

FCGCC 55%

FLI - 100%

FLI - 100%

Bases Conversion Development Authority 45%

Filinvest Lifemalls

Nature Specialists, Inc.

Corporation

FLI 75%

FLI - 100%

FHC 25%

FDC Utilities, Inc.

(FDCUI)

FDC 100%

FDC Misamis

Power Corporation

FDC 87.7%

FDCUI 12.3%

FDC Retail Electricity

Sales Corporation

FDCUI 100%

FDC Water Utilities, Inc.

FDCUI 100%

FDC Camarines Power

Corporation

FDCUI 100%

FDC Casecnan Hydro

Power Corporation

FDCUI 100%

FDC Negros

Power Corporation

FDCUI 100%

FDC Renewables

Corporation (formerly

FDC Davao del Norte

Power Corporation)

FDCUI 100%

Filinvest-ENGIE

Renewable Energy

Enterprise, Inc. (FREE)

FDCUI 60%

Engie Services, Phil. 40%

Halo Halo Hospitality Pte. Ltd.

(Halo Halo)

Samui Seascapes Pte. Ltd.

Halo Halo 100%

Filinvest Hospitality

Mactan Seascapes

Corporation ( FHC)

Services, Inc.

FDC 100%

FDC 100%

Quest Restaurants,

Filinvest

Inc.

Development Cayman

FHC 100%

Islands

FDC 100%

Boracay

Countrywide Water

Seascapes, Inc.

FHC 100%

Services, Inc.

FDC 100%

Chinatown

Cityscapes Hotel,

Professional

Inc.

Operations and

FHC 100%

Maintenance Experts

Incorporated

Duawon Seascapes

FDC 47.5%

Resort, Inc.

Engie Services

FHC 100%

(Philippines) 52.5%

Mimosa Cityscapes,

Filinvest-Hitachi Omni

Inc.

Waterworks, Inc.

FHC 100%

FDC 60.0%

Hitachi Aqua-tech Engineering

Cubao Cityscapes, Inc.

Pte Ltd. 40.0%

FHC 100%

Luzon International

Princesa Seascapes,

Premiere Airport

Inc.

Development Corp.

FHC 100%

FDC 42.5%

JG Summit Holdings Inc. 33.0%

Dumaguete

Changi Airports Philippines (I)

Pte. Ltd. 15.0%

Cityscapes, Inc.

Philippine Airport Ground

FHC 100%

Support Solutions, Inc. 9.5%

Entrata Hotel

Chroma Hospitality, Inc.

Services, Inc.

FDC 60%;

FHC 76.9%

Archipelago International

Pte Ltd 40%

Zamboanga

Cityscapes, Inc.

Investree Philippines

FHC 100%

FDC 50%

Investree Singapore Pte.,

Fora Services, Inc.

Ltd. 50%

FHC 100%

f(dev) Digital Innovations

and Ventures, Inc.

Fora Restaurants, Inc.

FDC 100%

FHC 100%

SharePro, Inc.

Cebu IT Park Cityscapes, Inc.

FDC 100%

FHC 100%

Dauin Seascapes, Inc.

FHC 100%

Gensan Cityscapes, Inc.

FHC 100%

IV. The Bank's Website

Both www.eastwestbanker.comand www.ewbanker.comare owned by the Bank and lead to the same landing page on the website. The Bank uses www.ewbanker.comfor the Annual Report since it is easier for the reader to copy when reading the print out.