Corporate Governance Training
Corporate Governance Seminar of the Senior Management
It is the major thrust of Corporate Governance Office (CGO) to strengthen the awareness of not only of the Senior Management but also of all employees on the governance policies promulgated by the Board. Accordingly, CGO assists the Management and Executive Officers in ensuring that they are continuously updated on the best practices in corporate governance through various trainings and enhancement sessions. Site visits and roadshows are also conducted to re-orient and empower all employees to continuously apply the core corporate governance principles in the workplace.
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Officers |
Seminar |
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RONNIE L. APEROCHO |
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WILLIAM S. PAMINTUAN |
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BETTY C. SIY-YAP |
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MARIA LUISA V. ALVENDIA |
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EDGARDO V. CARASIG |
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ARNEL PACIANO D. CASANOVA |
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FERDINAND O. GELUZ |
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MELANIE T. OTEYZA |
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JOSE RONALD V. VALLES |
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ROQUE D. BACANI |
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BENNETE D. BACHOCO |
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REDEL M. DOMINGO |
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CHARINA P. PADUA |
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ROSS RAYMOND B. RAVELO |
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FROILAN J. SAVET |
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ANTONIO M. ABUEL, JR. |
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FRANCIS EUSTON R. ACERO |
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IRENEO B. ACUÑA |
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JOSEPH L. AMOSCO |
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PATRICK DAVE B. BACANI |
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JOSEPH ALLAN C. BALTAZAR |
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RITA D. BANTIGUE |
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SANTE C. BUELLA |
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RICARDO CARMELO D. BUENAFE |
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ALBERTO N. CASTILLO |
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ANTHONY MATTHEW N. CO |
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RICARDO L. CONCEPCION |
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MA. CECILIA M. DOMINGO |
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LAWRENCE S. FERNANDEZ |
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MARVIN G. GONSALVES |
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DANILO R. IGNACIO |
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JERRY B. LAO |
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ARIEL G. LUCAS |
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ERVILLE D. MAGTUBO |
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RALPH M. MENCHAVEZ |
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RODERICK DENNISON N. NACU |
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NOEL S. PORCIUNCULA |
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JOSE S. REYES, JR. |
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GLEN N. SAN PEDRO |
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ANDREW JASON B. TAN |
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JEFFREY O. TARAYAO |
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MARILENE P. TAYAG |
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PAOLA MARGUERITE A. VERAYO |
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MARIA ZARAH R. VILLANUEVA-CASTRO |
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JOCELYN C. VILLAR-ALTAMIRA |
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AGAPITO R. ZALDARRIAGA |
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MA. CYNTHIA C. SOLUREN |
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SIMEON KEN R. FERRER |
Enterprise-wide Risk Management: Focusing on Risk Financing
On August 10, 2022, the Corporate Governance Office, in Partnership with Learning and Development, conducted the Enterprise-wide Risk Management: Focusing on Risk Financing Orientation for our One Meralco Leaders.
The event started with Atty. William S. Pamintuan giving his opening remarks on how Meralco gives importance to having a robust and effective EWRM framework to monitor and manage risks to create and protect value to the company.
Unto the discussion, Mr. Caloy Yturzaeta, talked about EWRM, its definition, scope, and approaches to implementation. Here, Mr. Yturzaeta also tackled risks and how they can be turned into opportunities for the organization through the EWRM Process.
There was also a panel discussion with the moderator, Atty. Jocelyn C. Villar-Altamira, and our panelists, Ms. Cynthia Soluren, Mr. Ralph Menchavez, and Mr. Ryan Tumbagahan. Together, they exchanged thoughts on risk financing and how better Meralco is now in terms of preparedness as compared to 2020. To end the event, the panelists also shared their thoughts on how Meralco can incentivize expansion and creativity without generating intolerable exposure to risk.
Meralco Internal Audit Holds Red Flags Seminar
The Internal Audit department, headed by Ms. Helen De Guzman, held a seminar about fraud for employees. They invited a guest speaker from SGV and Co., Mr. Marvin Perrin L Pe, to discuss the motivations of a person, behaviors to watch out for, and the consequences of such activities. This was followed by guests from SMART Communications, Head and Deputy Head of their Corporate Governance Office, Atty. Elmer Nitura and Atty. Archilo Matugas respectively. They discussed about the whistleblowing policy and procedures of their company and how such policy is a big help in combatting fraud.
Meralco Key Officers Attend GGAPP Forum on Good Governance Reforms
Key officers of the Company attended a Forum entitled, “Converging Lights on Good Governance Reforms” on March 17, 2014 at the Hotel Intercontinental in Makati City. The speakers were His Eminence Luis Antonio Cardinal Tagle, Mr. Guillermo "Bill" Luz of the Philippine National Competitiveness Council and Hon. Maria Leonor "Leni" Robredo of Camarines Sur's 3rd District.
Cardinal Tagle stressed that an individual’s moral values are closely tied with the success of good corporate or public governance. Mr. Bill Luz discussed the vital role of cooperative partnerships between the private and the public sector in steering competitiveness of the Philippines in the imminent ASEAN financial integration. Hon. Leni Robredo emphasized that investors and businesses favor an open, transparent and business-friendly local government that balances needs of society with those of various sectors.
The Company's key officers and employees who attended the forum were: Antonio M. Abuel, Jr., Ireneo B. Acuña, Angelito D. Bermudo, Gerardo F. dela Paz, Ferdinand O. Geluz, Victor S. Genuino, Nixon G. Hao, Jose Rainier A. Reyes, Nestor P. Sarmiento, Manuel Lorenzo L. Tuason, Ferdinand T. Salvosa, Jeffrey John dela Cerna, Atty. Maria Zarah R. Villanueva-Castro, Lilian P. Umipig, Lauro G. Francisco, Lourdes Mary Margaret Y. Ramos and Ma. Lair E. Ambrocio.
The Good Governance Advocates and Practitioners of the Philippines (GGAPP) spearheaded the Forum, which is the third in their yearly series. GGAPP is an association of professionals from various publicly listed companies, the public sector and other organizations, who share the common objectives of promoting a culture of good governance, contributing in raising standards of governance, advancing governance awareness and study, and developing proficiency in governance among advocates and practitioners.
Bringing God Back to the Board Room
Meralco and other PLCs attend a Breakfast Roundtable organized by ICD
Corporate Governance Office (CGO) personnel of different publicly-listed companies (PLCs) attended a breakfast roundtable with the theme: “Bringing God Back to the Board Room” on April 25, 2013 at the Manila Golf and Country Club, Forbes Park in Makati City. The speaker was His Eminence Luis Antonio Cardinal Tagle, who discussed the importance of corporate governance founded on biblical principles and standards.
The Institute of Corporate Directors (ICD), which organized the event, is an organization of corporate directors and reputational agents spearheading corporate governance efforts in the Philippines. ICD leads corporate governance orientations, governance scorecard assessments and working sessions, to get directors and management engaged in corporate work, motivated by good governance principles and practices.
Meralco’s Senior Vice President and Head of Human Resources Mr. Ramon B. Segismundo, First Vice President and Head of Corporate Audits Ms. Helen T. de Guzman, Vice President and Deputy Head of CGO Mr. Gerardo F. dela Paz and Corporate Governance Officer Ms. Lilian P. Umipig were in attendance.
The Discipline of Ethics and Compliance
Meralco and other PLCs attend an Integrity Initiative Forum
Corporate Governance Office (CGO) and HR personnel of different publicly-listed companies (PLCs) attended a forum with the theme: “The Discipline of Ethics and Compliance” on April 23, 2013 at the AIM Conference Center in Makati City. The speakers during the forum were PSE’s Vice President for Governance, Risk and Compliance Atty. Argel Astudillo, SMART’s CGO Head Atty. Elmer D. Nitura, and the Good Governance Advocates and Practitioners of the Philippines (GGAPP) President as well as PLDT’s CG Education Head Atty. Blue Festin.
Atty. Astudillo discussed the importance, regulatory basis and trends of Corporate Compliance Programs and a designated Compliance Officer to manage such. He emphasized that non-compliant corporations, aside from paying monetary penalty, risk their corporate image, credibility to shareholders and other stakeholders, and even the continuity of their business operations locally or internationally.
Atty. Nitura discussed that Corporate Governance, Ethics and Compliance Program is never a destination, but an on-going journey. He discussed PLDT’s unified CG Ethics and Compliance Program, Structure and Process Flow according to the stringent laws and policies enforced by international regulatory agencies governing their group, namely: the NYSE, SEC and PSE. Atty. Nitura stressed that in order for CG policies to have value, they are to be embedded in and supported by the company’s business units.
Atty. Festin’s talk focused on the vision, mission and advocacies of GGAPP. GGAPP is a non-stock, non-profit organization, currently composed of CGO executives and personnel representing 40 Philippine companies from various fields of business and expertise unified by their corporate governance principles and their philosophy that better professionals yield better companies and ultimately, better businesses.
The forum was the twelfth in a series of events and workshops organized by Integrity Initiative to promote ethics, integrity, compliance, and good governance, and to continuously educate the private sector in these areas. The Integrity Initiative is a private sector-led campaign organized by the Makati Business Club (MBC), European Chamber of Commerce of the Philippines (ECCP), Management Association of the Philippines (MAP), and American Chamber of Commerce of the Philippines (AMCHAM).
A hundred participants were in attendance at the forum. They were from the government and renowned PLCs like MPIC, PLDT, EDC, SMIC and Meralco.
SEC REFORMS TO STRENGTHEN AN ETHICAL AND COMPETITIVE BUSINESS ENVIRONMENT
CGO and Legal attend an Integrity Initiative Forum
Corporate Governance Office and Legal personnel attended a forum with the theme: “SEC Reforms to Strengthen an Ethical and Competitive Business Environment” on March 5, 2013 at the Hotel Inter-Continental, Makati City. The speaker during the forum was SEC Chairperson Teresita J. Herbosa, who discussed SEC's recent efforts to strengthen the corporate and capital market infrastructure of the Philippines leading to better governance and competitiveness.
The forum is the eleventh in a series of events and workshops organized by Integrity Initiative to promote ethics, integrity, compliance, and good governance, and to continuously educate the private sector in these areas. The Integrity Initiative is a private sector-led campaign organized by the Makati Business Club (MBC) and the European Chamber of Commerce of the Philippines (ECCP)
CG Officer Ms. Lilian P. Umipig and CGO Staff Mr. Harold Enriquez and Ms. Lair Ambrocio attended the event. They were with Legal Staff: Ms. Rose Kinkito, Ms. Namie Manzano and Mr. Paolo Urian.
Meralco joins Institute for Solidarity in Asia’s Public Governance Forum
Meralco participated in and became part of the sponsors of the Public Governance Forum held at the Philippine International Convention Center on March 30, 2012. The forum has the theme: "One Spirit, One Advocacy", which showcased the efforts and progress made by the public sector in order to eliminate graft and corruption.
The forum is spearheaded by the Institute for Solidarity in Asia (ISA), a collaborative network of various sectoral leaders, public officials and private citizens committed to governance in the different levels of society. It promotes systemic and comprehensive reforms at the national level and serves as knowledge base for such reforms in East Asia. ISA is headed by former Secretary of Finance, Dr. Jesus P. Estanislao.
One of the speakers at the forum Mr. Guillermo M Luz, Co-chair of the National Competitiveness Council, emphasized the importance of employing metrics to gauge progress and success of the institutions’ governance procedures. He also stated that, while compliance and self-assessment through performance governance system is important, feedback from the public ultimately being served by the public institutions adds a value which cannot be overlooked.
The audience and participants to the forum are public sector leaders, among them were BIR Commissioner Kim Henares, San Fernando Mayor Oscar Rodriguez and PNP Chief Nicanor Bartolome. They reported and clarified questions on their efforts to proceed along the motto “sa daang matuwid, asenso walang patid.”
Meralco took part in the forum as a session sponsor to signify publicly that it is one with ISA in good corporate governance spirit and advocacy. The delegates to the forum were Corporate Governance Staff Harold Enriquez and Lair Ambrocio.
Corporate Governance Forum by GGAPP with MERALCO
Meralco sponsored the forum on ethics, compliance and corporate governance as seen from experiences in the United States and other global companies last Dec. 7, 2011, in keeping with its commitment to uphold corporate governance principles.
The forum was entitled, “Tips and Traps: A Discussion on the Experiences of US and Global Companies in Ethics, Compliance and Corporate Governance” organized by Good Governance Advocates and Practitioners of the Philippines (GGAPP), an organization of corporate governance officers and enthusiasts from different publicly listed companies (PLCs). A hundred directors, management personnel and corporate governance practitioners gathered at the forum, including those from government organizations such as the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE). A large delegation of officers and executives of MERALCO, as well as directors and executives of its subsidiaries were part of those who attended.
Mr. Steve Priest, the founder of Ethical Leadership Group/Global Compliance Services based in New York, USA was the main speaker for the event. Mr. Priest was described by the Wall Street
Journal as “one of the most sought consultants to keep companies on the straight and narrow”, and has conducted seminars on business ethics in 40 countries. He speaks before organizations, like the Conference Board, Institute of Internal Auditors, Association of General Counsels and the Ethics and Compliance Officer Association. He has raised awareness of the importance of ethical behavior on television, radio, newspaper and magazines.
Through the forum’s discussion on the experience of US and global companies, GGAPP is taking steps to heighten corporate governance awareness and advocacy among directors and management personnel to uphold ethical behavior, good governance culture and stakeholder confidence in the Philippines.'
Board Governance Orientation on the Regulatory Process and Related Issues last November 28, 2011.
The Board of Directors participated in a Governance Enhancement course on November 28, 2011, on Regulatory Process and Related Issues on MERALCO's business, as part of its mandate to constantly update itself on evolving structures, legislative framework and regulations of the electric industry. This is part of its strategic planning process, which enables members to act pro-actively on the issues and concerns facing the Company.
The orientation was conducted by the Head of MERALCO’s Regulatory Management Office, Ms. Ivanna G. dela Peña and the Head of Utility Economics, Mr. Lawrence S. Fernandez.
In the course of its 2010 annual performance evaluation on May 30, 2011, the Nomination and Governance Committee requested the Board Directors to conduct a self-assessment including its committees, namely, Nomination and Governance, Compensation and Benefits, Audit and Risk Management, and Finance for their 2010 performances.
In the same meeting, a majority of the members of the Board requested for the conduct of a Governance Enhancement course on the regulatory process and related regulatory issues applicable to MERALCO, as part of their skills and training needs determination.
The Corporate Governance Office was tasked to organize the ensuing event.
8th Annual Corporate Governance Workshop 2011
The Management Association of the Philippines (MAP), together with the Financial Executives Institute of the Philippines and Corporate Governance Institute of the Philippines (CGIP) conducted the 8th Annual Corporate Governance Workshop on June 23, 2011 at the Inter-Continental Manila in Makati City. The theme of the workshop was “MAPping a Culture of Integrity in Business: Corporate Governance Best Practices.”
The workshop aims to instill integrity in Philippine companies. The code of corporate governance, boardroom best practices, communication with minority stakeholders, and enterprise risk management were discussed interactively. These are vital in SEC reporting compliance, improving directors’ knowledge and skills, establishing communication channels with minority stakeholders and ultimately, enhancing shareholder value.
Among the speakers were SEC Chair Teresita J. Herbosa, PSE President and CEO Hans Sicat, ICD Fellow Jonathan Juan Moreno, and MAP Presiden
attended by Meralco’s Corporate Governance Deputy Head and Corporate Governance Officer - Gerardo F. dela Paz and Lilian P. Umipig, respectively.
Deputy Head of Corporate Governance speaks at National Electrification Administration – Electric Cooperatives (NEA - EC) Conference and Recognition
Deputy Head of Meralco Corporate Governance and Vice President Gerardo F. dela Paz spoke regarding Corporate Governance and Best Practices in Managing an Electric Utility Business during the 2011 NEA-EC Conference and Recognition held on April 28, 2011 at the Radisson Blu Hotel, Cebu City. The theme of the event was “Power Lives On…Through Competition.”
The event was attended by members of the board, general managers and executives of NEA and the various ECs in the country. The event aimed to strengthen and sustain the ECs’ business operations through good governance.
NEA is a government owned and controlled corporation (GOCC) that has the primary responsibility to assist in the operations of Philippine ECs. It provides financial, institutional, and technical services to the ECs and promotes competence enhancement in a deregulated environment aiming towards a strong republic.
GGAPP Organization launched, Induction of Officers held
The Good Governance Advocates and Practitioners of the Philippines (GGAPP) held the launch of their organization and induction of their officers last April 1, 2011 at the Meralco Lighthouse.
The GGAPP has members from both the public and private sector. The GGAPP’s inducting officer, SEC Commission Secretary Gerard M. Lukban, introduced Trustee and Chairman Santiago A. Pulido of Alaska Milk Corporation, Trustee and Vice Chairman Jaime P. Villegas of Ayala Corporation, Trustee and President Vincent Edward R. Festin of PLDT, Trustee and Secretary, Lizelle G. Zamora-Dimacuha of Manila Water, and Trustee and Treasurer, Reginald H. Tiu of SM Investments Corporation. Lilian P. Umipig of Meralco and Ma. Jasmine D. Medina-Almogino of Energy Development Corporation are the Assistant Secretary and Assistant Treasurer, respectively. Further GGAPP Trustees are: Charles Gamo of PSALM, Francis A. Palafox of Energia, Inc., Hazel Rose B. See of Meralco and Jose Jesus G. Laurel of MPIC.
The keynote speaker at the event was Ethics and Compliance Officer Association (ECOA) Executive Director, Mr. Keith Darcy, says “(They) still have a lot to do and (they) start with a small step with people gathered for a purpose to paint and build a future for our children.”
GGAPP envisions to establish a national culture that forsakes shortcuts, patronage and corruption and instead rewards diligence, perseverance and integrity.
Corporate Governance and Risk Management Symposium
A symposium on Corporate Governance (CG) with the theme, “Integration of Corporate Governance and Enterprise Risk Management (ERM) for Sustained Best Performance,” was held at the Meralco Lighthouse, Pasig City on December 15, 2010.
The symposium enabled participants to focus on the importance of ERM and CG on crisis management and sustainable growth, as well as of embedding good risk management practices in all parts of an organization. The perspective introduced was identifying risks through the view
of one enterprise, a breakaway from working in silos. It was a collective outlook that a sustainable risk diagnostic and management tool to reinforce strategic enterprise decisions should be developed and implemented by Meralco.
Asian Risk Management Institute managing director Marc Ronez was the resource speaker. He is a well-known expert on Enterprise, Strategic and Operational Risk Management and has helped many organizations from various industry sectors to implement ERM frameworks, optimize the way they manage risks and prepare to manage various types of crisis and business interruptions successfully.
The event was attended by the Senior Management of the Company, executives and heads of subsidiaries and affiliates.
Corporate Governance Roadshow and Orientation
The Company ensures that knowledge on corporate governance principles and best practices are cascaded to its officers and employees. A company-wide orientation on Corporate Governance and the Revised Code of Ethics was conducted last October 12 to November 26, 2010. This training was also integrated into the orientation program for new employees of the Company.
2010 Working Sessions with the Institute of Corporate Directors
The Institute of Corporate Directors (ICD) spearheaded the 2010 Corporate Governance Working Session at Sea Wind Resort, Boracay Island, Aklan on November 18-20, 2010. The theme of the session was “Addressing CG Expectations and Realities: Making Best Practices Work.” This event was attended by Meralco’s Corporate Governance Deputy Head, Gerardo F. dela Paz.
Palladium and Institute for Solidarity in Asia (ISA) on Strategy Execution and Governance
The Palladium Group – Asia Pacific partnered with the Institute for Solidarity in Asia (ISA) in conducting a seminar at Sofitel Philippine Plaza on September 22-23, 2010. Dr. Matthew Tice, Managing Director of the Palladium Group - Asia Pacific, steered the discussion on the significance of a company’s longevity and dynamism, strategy execution and governance. Present on this seminar were Meralco’s Corporate Planning Head, Corporate Governance Deputy Head and Corporate Governance Officer – Charina P. Padua, Gerardo F. dela Paz, and Lilian P. Umipig.
Institute of Corporate Directors holds Orientation on Corporate Governance
The Institute of Corporate Directors (ICD) held an Orientation Course on Corporate Governance on September 1-2, 2010 at the Manila Peninsula Conservatory, Makati City, Philippines. This event was attended by Meralco’s Corporate Secretary, Corporate Governance Deputy Head and Corporate Governance Officer - Simeon Ken R. Ferrer, Gerardo F. dela Paz and Lilian P. Umipig.
Public Service 2.0: From e-Government to e-Governance
The Chief Information Officers Forum (CIOF), in partnership with the Commission on Information and Communications Technology, CIOF Foundation, Inc., and E-Governance for Efficiency and Effectiveness Project (E3) directed the event entitled, Public Service 2.0: From e-Government to e-Governance on June 23, 2010 at the Hotel Intercontinental Manila. This event was attended by Meralco’s Corporate Governance Officer and Regulatory Officer.
d. Corporate Governance Seminar of Meralco Subsidiaries
MVP Group Directors and Senior Management attend Corporate Governance Enhancement Sessions
Directors of the MVP Group of Companies attended a Corporate Governance Enhancement Session on December 2, 2013 at the Makati Shangri-La. Mr. Winthrop M. Swenson, managing partner of Compliance Systems and Legal Group (CSLG), a law firm that specializes in global approaches to corporate ethics and compliance, was the resource person for the enhancement session.
Mr. Swenson facilitated an interactive exchange of thoughts on the subject of Board Responsibility in light of ethics and governance failures in the past. The scenarios discussed are for useful application by the Directors as they steer the companies towards the strategic objectives of the MVP Group.
The Corporate Governance Enhancement Session for MVP Group Senior Management was held on November 26, 2013 at the Meralco Theater. The session speaker was Ms. Gretchen Winter, the Executive Director of Center for Professional Responsibility in Business and Society, a Center that advocates the value of conducting business professionally to serve and protect public interest. Ms. Winter imparted to the Senior Managers the practical application of core values and company policies in rendering management decisions when facing ethical dilemmas.
Directors and Senior Managers who participated in the executive talk represented Metro Pacific Investments Corp. (MPIC), PLDT, PLDT Global, ePLDT, SMART, SPI GLOBAL, DIGITEL, Mediaquest, MERALCO and MERALCO Subsidiaries.
Through initiatives such as these annual CG enhancement sessions, the MVP Group manifests its commitment to corporate responsibility in its business decisions and practices, consistent with the Group's core principles and values.
Corporate Governance Orientation for Directors of MERALCO Subsidiaries conducted
A Corporate Governance Orientation for Directors of Meralco Subsidiaries was held at the Meralco Lighthouse on January 27, 2012, where 35 Meralco-assigned directors participated, led by SMART Corporate Governance Office (CGO) Head Atty. Elmer Nitura and SMART CGO Deputy Head Atty. Archilo Matugas.
The orientation provided a basic overview of Corporate Governance and the role of Corporate Directors, showing the link between corporate governance and company performance. The orientation concluded with Meralco Corporate Governance Officer Lilian Umipig presenting the company's corporate governance structure.
Meralco promotes awareness and advocacy among the directors of subsidiaries, to uphold a culture of good governance and unwavering stakeholder confidence.
Corporate Governance Forum by GGAPP with MERALCO
Meralco sponsored the forum on ethics, compliance and corporate governance as seen from experiences in the United States and other global companies last Dec. 7, 2011, in keeping with its commitment to uphold corporate governance principles.
The forum was entitled, “Tips and Traps: A Discussion on the Experiences of US and Global Companies in Ethics, Compliance and Corporate Governance” organized by Good Governance Advocates and Practitioners of the Philippines (GGAPP), an organization of corporate governance officers and enthusiasts from different publicly listed companies (PLCs). A hundred directors, management personnel and corporate governance practitioners gathered at the forum, including those from government organizations such as the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE). A large delegation of officers and executives of MERALCO, as well as directors and executives of its subsidiaries were part of those who attended.
Mr. Steve Priest, the founder of Ethical Leadership Group/Global Compliance Services based in New York, USA was the main speaker for the event. Mr. Priest was described by the Wall Street Journal as “one of the most sought consultants to keep companies on the straight and narrow”, and has conducted seminars on business ethics in 40 countries. He speaks before organizations, like the Conference Board, Institute of Internal Auditors, Association of General Counsels and the Ethics and Compliance Officer Association. He has raised awareness of the importance of ethical behavior on television, radio, newspaper and magazines.
Through the forum’s discussion on the experience of US and global companies, GGAPP is taking steps to heighten corporate governance awareness and advocacy among directors and management personnel to uphold ethical behavior, good governance culture and stakeholder confidence in the Philippines.
Risk Awareness Seminar held
A seminar on risk awareness was held at the Meralco Lighthouse, Pasig City on November 19 and 22, 2010.
The speaker, Ms. Maria Elena (Maya) Baltazar Herrera, FASP emphasized to the subsidiaries of Meralco the importance of developing an integrated Enterprise Risk Management (ERM) framework, structure and tools.
Ms. Herrera is a member of the Financial Executives Institute of the Philippines, the Philippine Academy of Management and the International Actuarial Association. She is also an Associate Professor at the Asian Institute of Management (AIM) where she focuses on executive education. She teaches finance, risk management, corporate valuation, leadership and human resources management. She is program director of AIM’s Strategic Finance, Finance for Senior Executives and Enterprise-Wide Risk Management Programs.
The event was attended by the executives and heads of Meralco’s subsidiaries, including the heads of CIS Bayad Center, Inc. (CBCI), Meralco Energy, Inc. (MEI), Meralco Industrial Engineering Services Corp. (MIESCOR), Clark Electric Distribution Corporation (CEDC), e-Meralco Ventures, Inc. (e-MVI), Meralco Financial Services Corporation (FINSERVE), Republic Surety And Insurance Company, Inc. (RSIC), General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI) , Indra
Philippines, Inc., and Miescor Builders, Inc. (MBI) – Manuel Tuason, Jesus P. Francisco, Martin L. Lopez, Monico V. Jacob, Pedro P. Benedicto, Jr., Waldo A. Darvin, Jose T. Guingona and Roberto R. Almazora, respectively. Also present were Meralco’s Chief Finance Officer, Comptroller, Corporate Governance Deputy Head, Corporate Governance Officer, Investment Planning Head and Investment Monitoring Head – Betty C. Siy-Yap, Helen T. de Guzman, Gerardo F. dela Paz, Lilian P. Umipig, Wendel A. Mediarito and Aristotle T. Lumague.
