The Board of Directors or “Board” is our highest governance body. It establishes our company’s vision, mission, values, and strategic direction. It also monitors the implementation of the corporate strategy and the overall corporate performance to ensure transparency, accountability, integrity, and fairness, and to protect the long-term interests of our stakeholders. Through its various committees, it oversees and conducts a review of our overall risk management systems, and our material controls, covering operational, financial, and compliance areas. Finally, the Board approves corporate operation and capital budgets, major acquisitions and disposal of assets, major investments, and changes in authority and approval limits. Our mission, vision, and values are reviewed regularly together with our business strategies to stay relevant to the growing needs of our stakeholders.

The Board, as part of its functions and responsibilities, leads, develops, and reviews Globe strategic direction and business strategies regularly. The committees created to support Board functions serve as venues to discuss business strategies and Globe strategic direction, among other business matters, in relation to the specific responsibilities of each committee. The Board, in its decision-making function, is also encouraged to decide with integrity, accountability, and on behalf of the good interest of the organization and all its stakeholders. The management is entrusted with the implementation and close monitoring of Board-approved business strategies, and is likewise tasked to conduct Globe business with the highest corporate governance (CG) standards. Advisors to the Globe Board are appointed to ensure the Board's access to experienced professionals who can provide outside perspective or technical knowledge and to enhance the Board's diversity of opinion and experience.