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LBP Executives Compensation Package

The document outlines the compensation package of senior officers at Landbank, including the President and CEO, Executive Vice Presidents, Senior Vice Presidents, First Vice Presidents, and Vice Presidents. It provides the annual salary ranges and allowances for each position, as well as a breakdown of the allowances, benefits, and incentives included in total compensation. Performance-based bonuses are awarded in accordance with guidelines set by the bank's Governance Commission.

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Paulus Ceasar Flores
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140 views1 page

LBP Executives Compensation Package

The document outlines the compensation package of senior officers at Landbank, including the President and CEO, Executive Vice Presidents, Senior Vice Presidents, First Vice Presidents, and Vice Presidents. It provides the annual salary ranges and allowances for each position, as well as a breakdown of the allowances, benefits, and incentives included in total compensation. Performance-based bonuses are awarded in accordance with guidelines set by the bank's Governance Commission.

Uploaded by

Paulus Ceasar Flores
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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COMPENSATION PACKAGE OF LANDBANK SENIOR OFFICERS

ANNUAL COMPENSATION OF SENIOR OFFICERS


Allowances, Benefits & Total Compensation Performance Based No. of Senior
Basic Salary
Position Title Pay Grade Incentives (ABIs) Framework (TCF) Bonus (PBB) Officers as of
Min Max Min Max Min Max Min Max 05/31/18

President & CEO 18 1,722,408.00 1,911,456.00 501,068.00 532,576.00 2,223,476.00 2,444,032.00 1


Executive Vice President 17 1,541,604.00 1,710,792.00 458,934.00 487,132.00 2,000,538.00 2,197,924.00 In accordance with the 5
Senior Vice President 16 1,464,372.00 1,531,212.00 446,062.00 457,202.00 1,910,434.00 1,988,414.00 issuance of guidelines by 7
the GCG 25
First Vice President 15 1,379,772.00 1,442,748.00 419,962.00 430,458.00 1,799,734.00 1,873,206.00
Vice President 14 1,310,652.00 1,370,520.00 504,442.00 514,420.00 1,815,094.00 1,884,940.00 20
LIST OF ALLOWANCES, BENEFITS, AND INCENTIVES
Frequency of
Name of ABIs Amount Legal Bases
Grant
Personal Economic Relief Allowance GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
2,000.00 Monthly
(PERA) Approvals from Presidents Macapagal-Arroyo & Aquino
Uniform/Clothing Allowance 6,000.00 Yearly GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
one month
GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
Year-End Bonus & Cash Gift basic pay plus Yearly
Approvals from Presidents Macapagal-Arroyo & Aquino
P5,000
one month GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
Mid-Year Bonus Yearly
basic pay Approvals from Presidents Macapagal-Arroyo & Aquino
Representation and Transportation 17,0000.00- GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
Monthly
Allowance (RATA) 22,000.00 Approvals from Presidents Macapagal-Arroyo & Aquino
Meal/Subsistence Allowance 750.00 Monthly GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
every milestone GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
Anniversary Cash Gift 8,000.00
year Approvals from Presidents Macapagal-Arroyo & Aquino
max of GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;
Collection Negotiation Ageement Incentive Yearly
25,000.00 Approvals from Presidents Macapagal-Arroyo & Aquino
Productivity Enhancement Incentive 5,000.00 Yearly GCG E. O. No. 36; GCG MC 2017-03; Congress J.R. No. 4;

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