Governance Structure
Guided by the principles of Fairness, Accountability, Integrity, Transparency and Honesty (FAITH), our governance framework plays a critical role in championing ethical and sustainable practices across the enterprise.
The Board of Directors is mandated to enhance stockholder value by fostering the long-term success of the Company and sustaining its competitiveness and profitability in a manner consistent with the Company’s vision, mission, and corporate objectives.
The Chairman and CEO, Mr. Manuel V. Pangilinan, serves to represent the interests of all shareholders and stakeholders, and to oversee the performance of the Board and its directors. He champions exemplary ethical governance principles for directors, officers, and employees to emulate and likewise espouse.
The Management is supported by the Management Committee. Itis responsible for the Company’s successful implementation of the strategy and direction as approved by the Board and exercises control over organization’s processes and effective execution of corporate strategies that facilitate performance that are attuned to the company’s business environment, and culture.
The Corporate Secretary, Atty. Simeon Ken R. Ferrer, under the direction of the Chairman, is responsible for ensuring that good information flows within the Board and Board Committees and between Management and non-executive directors. He also facilitates the orientation and assists with the professional development of directors as required by regulators.
The Board is likewise assisted by Company’s Compliance Officer and Senior Vice President, Atty. William S. Pamintuan, who has the duties to monitor, review, evaluate and ensure the compliance by the corporation, its officers and directors with the relevant laws, rules and regulations and all governance issuances of regulatory agencies and report violations thereof to the Board and recommend the imposition of appropriate disciplinary action.
The Corporate Governance Office (CGO), which was established since March 16, 2010 attests to the Meralco’s dedication to pursue excellence in corporate governance. Its mandate is to support the Board of Directors and Management in the formulation and implementation of CG plans, programs and initiatives, and in monitoring compliance among the ranks to achieve the highest standards of competence and ethical culture among directors, officers and employees of the company.