Prime Media Holdings, Inc. at Organizational Meeting held on 22 December 2017 announced appointment of committee members and their designations, Manolito A. Manalo was appointed as Chairman of Executive Committee and Bernadeth A. Lim and Juan Victor S. Valdez as Members of Executive Committee. Francisco L. Layug III was appointed as Chairman of Nomination and Corporate Governance Committee and Diane Madelyn C. Ching and Juan Victor S. Valdez as Members of Nomination and Corporate Governance Committee. Johnny Y. Aruego, Jr. was appointed as Chairman of Audit, Risk Oversight and Related Party Transaction Committee and Rolando S. Santos and Bernadeth A. Lim as members of Audit, Risk Oversight and Related Party Transaction Committee. Francisco L. Layug III and Johnny Y. Aruego, Jr. are independent directors.