Our Board of Directors is primarily responsible for the governance of the Company. Corollary to setting the policies for the accomplishment of the corporate objectives, Meralco Board also provides an independent oversight on Management through the Management Control Policy. Towards this end, our Board ensures that it reviews and approves major projects, policy decisions, annual budgets, major investment funding, and major restructuring of core businesses on a fully informed basis, in good faith, with due diligence and care, and in the best interest of the Company.
Our Board of Directors consists of eleven (11) directors who are elected by the stockholders during the Annual Stockholder’s Meeting (ASM) held every second last Tuesday of May.
Manuel V. Pangilinan
Manuel V. Pangilinan
MANUEL V. PANGILINAN
Filipino, 78 years old
Chairman, Board of Directors
Chairman, Executive Committee
Chairman, Remuneration and Leadership Development Committee
Chairman, Sustainability Committee
Chief Executive Officer
Director since May 26, 2009
Education and Training:
- BA Economics, Ateneo De Manila University
- Master’s in Business Administration, Wharton School of Finance and Commerce, University of Pennsylvania
Membership in the Board of Listed Companies:
- PLDT Inc., Chairman, President and Chief Executive Officer
- Philex Mining Corporation, Chairman
- PXP Energy Corporation, Chairman
- Roxas Holdings, Inc., Vice-Chairman
- SP New Energy Corporation, Chairman
Membership in the Board of Non-Listed Companies, Foundations and Other Organizations:
- Associated Broadcasting Corporation [TV5], Chairman
- Beacon Electric Asset Holdings, Inc., Chairman
- First Pacific Company Limited, Chief Executive Officer and Managing Director
- Global Business Power Corporation, Chairman
- Kayana Solutions, Inc., Chairman
- Landco Pacific Corporation, Chairman
- Light Rail Manila Corporation, Chairman
- Maynilad Water Services, Inc., Chairman
- Mediaquest Holdings, Inc., Chairman
- Meralco Power Foundation, Chairman
- Meralco PowerGen Corporation, Chairman
- METPower Ventures Partners, Chairman
- MetroPac Water Investments Corporation, Chairman
- Metro Pacific Agro Ventures, Inc., Chairman
- Metro Pacific Foundation, Chairman
- Metro Pacific Health Corporation, Chairman
- Metro Pacific Investments Corporation, Chairman, President and Chief Executive Officer
- Metro Pacific Tollways Corporation, Chairman
- MVP Sports Foundation, Inc., Chairman
- NLEX Corporation, Chairman
- One Meralco Foundation, Inc., Chairman
- Philippine Business for Education
- Philippine Business for Social Progress, Chairman
- Philippine Disaster Resilience Foundation (PDRF), Co-Chairman
- PLDT Communications and Energy Ventures, Inc., Chairman, President and CEO
- PLDT-Smart Foundation, Inc., Chairman
- PT Indofood Sukses Makmur Tbk (Indonesia), President Commissioner
- Samahang Basketbol ng Pilipinas, Chairman Emeritus
- San Beda College, Chairman
- Smart Communications, Inc., Chairman
- Stratbase Albert del Rosario Institute, Co-Chairperson of the Board of Trustees
- Terra Solar Philippines, Inc., Chairman
- US-Philippines Society, Co-Chairman
In recognition of Mr. Pangilinan’s contributions to the country, the Philippine Air Force awarded him the rank of Lieutenant Colonel (Res) in a promotion list approved by the Philippine President in July 2021. In 2010, the Office of the President of the Philippines awarded Mr. Pangilinan the Order of Lakandula with the rank of Bayani.
Mr. Pangilinan was awarded the First Honorary Doctorate Degree in Management by the Asian Institute of Management in 2016, Honorary Doctorate in Science by Far Eastern University in 2010, in Humanities by Holy Angel University in 2008, by Xavier University in 2007 and by San Beda College in 2002 in the Philippines. He was formerly Chairman of the Board of Trustees of the Ateneo de Manila University and was a member of the Board of Overseers of the Wharton School.
Manuel V. Pangilinan
Lance Y. Gokongwei
Lance Y. Gokongwei
Filipino, 58 years old
Vice-Chairman, Board of Directors
Vice-Chairman, Executive Committee
Member, Finance Committee
Member, Remuneration and Leadership Development Committee
Member, Sustainability Committee
Director since December 16, 2013
Education and Training:
- BS Finance, Wharton School of Finance and Commerce, University of Pennsylvania
- BS Applied Science, Penn Engineering School, University of Pennsylvania
Membership in the Board of Listed Companies:
- Altus Property Ventures, Inc.
- Cebu Air, Inc., Chairman
- Endeavor Acquisition Corporation
- JG Summit Holdings, Inc., President and Chief Executive Officer
- Oriental Petroleum and Minerals Corporation
- RL Commercial REIT, Inc.
- Robinsons Land Corporation, Chairman, President and Chief Executive Officer
- Robinsons Retail Holdings, Inc., Board Adviser
- Shakey’s Asia Pizza Ventures, Inc.
- Singapore Land Group Limited
- SP New Energy Corporation
- Universal Robina Corporation, Chairman
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- AB Capital and Investment Corporation
- Ateneo de Manila University, Trustee and Chairman of the Finance Committee
- Data Analytics Ventures, Inc.
- Gokongwei Brothers Foundation, Inc., Chairman
- JE Holdings, Inc., Chairman and President
- JG Digital Equity Ventures, Inc., Chairman and President
- JG Summit Olefins Corporation, Chairman
- World Economic Forum, Global Leaders for Tomorrow Program
Lance Y. Gokongwei
Ray C. Espinosa
Ray C. Espinosa
Filipino, 68 years old
President and CEO from May 28, 2019 to May 30, 2023
Member, Risk Management Committee
Member, Related Party Transactions Committee
Director since May 26, 2009
Education and Training:
- BS General Studies, University of Santo Tomas
- Bachelor of Laws, Ateneo De Manila University
- Master of Laws, University of Michigan Law School
Membership in the Board of Publicly Listed Companies:
- EEI Corporation, Independent Director
- Lepanto Consolidated Mining Company, Independent Director
- PLDT Inc.
- PXP Energy Corporation
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- AGN Philippines, Inc., Co-Chairman
- Aurora Managed Power Services Inc., Chairman
- BTF Holdings, Inc.
- Beacon Electric Asset Holdings, Inc.
- Bell Telecommunication Philippines, Inc., Co-Chairman
- Bow Arken Holding Company, Inc., Co-Chairman
- Brightshare Holdings Corporation, Co-Chairman
- CIS Bayad Center, Inc., Chairman
- Cobaltpoint Telecom, Inc., Co-Chairman
- Connectivity Unlimited Resource Enterprise Inc.
- Corporate Information Solutions, Inc., Chairman
- Dominer Pointe, Inc., Co-Chairman
- Eastern Telecommunications Philippines, Inc., Co-President
- Enterprise Investments Holdings, Inc.
- e-Meralco Ventures, Inc., Chairman
- ePLDT, Inc.
- e Telco, Inc., Co-Chairman
- ESPI Real Estate Ventures Inc., President
- Excellent Energy Resources, Inc.
- First Agri Holdings Corporation, President
- First Coconut Manufacturing Inc., Vice-Chairman
- First Delta Group Security Services, Inc.
- First Pacific Leadership Academy, Inc., Trustee
- Hi Frequency Telecommunications, Inc., Co-Chairman
- Ilijan Primeline Industrial Estate Corporation
- Liberty Telecom Holdings, Inc., Co-Chairman
- Linseed Field Corporation
- Maya Bank Inc.
- Mediaquest Holdings, Inc.
- Meralco PowerGen Corporation, Vice-Chairman
- Meridian Power Ventures Limited
- Metro Pacific Assets Holdings, Inc.
- Metro Pacific Holdings, Inc.
- Metro Pacific Investments Corporation
- Metro Pacific Resources, Inc.
- MPioneer Insurance, Inc., Chairman
- Multi Technology Investments Holdings, Inc., Co-Chairman
- MVP Rewards and Loyalty Solutions Inc.
- New Century Telecoms, Inc., Co-Chairman
- One Meralco Foundation, Inc., Vice-Chairman and Trustee
- Pacific Aurora Plantation Corp., Vice-Chairman
- Pacific Global One Aviation Company, Inc.
- PacificLight Power PTE Ltd. (Singapore Company)
- PacificLight Renewables Pte. Ltd. (Singapore Company)
- Paragon Vertical Corporation, Chairman
- Perchpoint Holdings, Inc., Co-Chairman
- PH Broadband Networks Holdings, Inc., Co-Chairman
- PH Communications Holdings Corporation
- Philippine Telecommunications Investment Corp., Director and Corporate Secretary
- Pilipinas Global Network Limited
- Pilipinas Pacific Telecom Holdings, Inc., Assistant Corporate Secretary
- PLDT - Beneficial Trust Fund, Vice-Chairman and Trustee
- PLDT Capital PTE Ltd.
- PLDT Communications and Energy Ventures, Inc., President
- PLDT Digital Investments PTE Ltd.
- PLDT Global Investments Corporation
- PLDT Global Investments Holdings, Inc.
- PLDT Online Investments PTE Ltd.
- Power Smart Capital Limited
- Radius Telecoms, Inc., Chairman
- Roxas Power Corporation
- Skyphone Logistics, Inc., Co-Chairman
- Somete Logistics & Development Corporation, Co-Chairman
- Smart Communications, Inc.
- Talas Data Intelligence Inc.
- Telecommunications Service Providers, Inc.
- Telecommunication Technologies Philippines, Inc., Co-Chairman and Co-President
- Tori Spectrum Telecom, Inc., Co-Chairman
- Two Cassandra - CCI Conglomerate, Inc., Co-Chairman
- Two Rivers Pacific Holdings Corporation
- Vega Telecom, Inc., Co-Chairman
- WREIT, Inc., Independent Director
Position and Membership in Other Organizations:
- Executive Committee Member of LAWASIA Energy Section
- Member of the Integrated Bar of the Philippines, Philippine Bar Association, and Inter-Pacific Bar Association
Ray C. Espinosa
Patrick Henry C. Go
Patrick Henry C. Go
Filipino, 55 years old
Chairman, Risk Management Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Member, Related Party Transactions Committee
Member, Sustainability Committee
Director since January 29, 2024
Education and Training:
- Bachelor of Science Degree in Management – Ateneo De Manila University
- General Management Program – Harvard Business School
Membership in the Board of Listed Companies:
- JG Summit Holdings, Inc.
- Universal Robina Corporation, Executive Vice-President
- Robinsons Land Corporation
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- JG Summit Olefins Corporation
- Meralco PowerGen Corporation
- Merbau Corporation, President and Chief Executive Officer
- Peak Fuel Corporation
- Gokongwei Brothers Foundation, Inc., Trustee and Treasurer
Patrick Henry C. Go
James L. Go
James L. Go
Filipino, 85 years old
Member, Executive Committee
Member, Audit Committee
Member, Finance Committee
Member, Risk Management Committee
Member, Related Party Transactions Committee
Member, Nomination and Governance Committee
Director since December 16, 2013
Education and Training:
- BS Chemical Engineering, Massachusetts Institute of Technology
- Master’s in Chemical Engineering, Massachusetts Institute of Technology
Membership in the Board of Listed Companies:
- JG Summit Holdings, Inc., Chairman
- Oriental Petroleum and Minerals Corporation, Chairman and Chief Executive Officer
- Robinsons Land Corporation, Chairman Emeritus
- Universal Robina Corporation, Chairman Emeritus
- Robinsons Retail Holdings, Inc., Vice-Chairman
- PLDT Inc.
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- JG Summit Olefins Corporation, Chairman Emeritus
- Gokongwei Brothers Foundation, Inc., President and Trustee
- Meralco PowerGen Corporation
Position and Membership in Other Organizations and Corporations:
- Board Adviser, Cebu Air, Inc.
James L. Go
June Cheryl A. Cabal-Revilla
June Cheryl A. Cabal-Revilla
Filipino, 51 years old
Chairperson, Finance Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Member, Sustainability Committee
Director since May 30, 2023
Education and Training:
- Bachelor of Science in Accountancy, De La Salle University
- Master’s in Business Management, Major in Finance, Asian Institute of Management
- Executive Program, Stanford Graduate School of Business
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- AF Payments, Inc.
- Beacon Electric Asset Holdings, Inc.
- Costa de Madera Corporation
- Fragrant Cedar Holdings, Inc.
- Global Business Power Corporation
- KM Infrastructure Holdings, Inc.
- Landco Pacific Corporation
- Light Rail Manila Corporation
- Maynilad Water Services, Inc.
- Meralco PowerGen Corporation
- Metro Pacific Agro Ventures, Inc.
- Metro Pacific Dairy Farms, Inc.
- Metro Pacific Fresh Farms, Inc.
- Metro Pacific Health Corporation
- Metro Pacific Health Tech Corporation - President and Chief Executive Officer
- Metro Pacific Investments Corporation, Chief Finance and Sustainability Officer
- Metro Pacific Investments Foundation, Inc.
- Metro Pacific Light Rail Corporation
- Metro Pacific Nova Agro Tech, Inc.
- Metro Pacific Tollways Corporation
- MetroPac Movers, Inc.
- Razor Crest Storage Infrastructure Holdings Corporation
- Surallah Biogas Ventures Corp.
- The Laguna Creamery, Inc.
- Indra Philippines, Inc.
- NLEX Corporation
- Iloilo Waste Recovery Holdings Corporation
- Iloilo Waste Recovery Joint Venture Corporation
Ms. Revilla is also an appointed member of the Financial Reporting and Sustainability Standards Council of the Philippines.
June Cheryl A. Cabal-Revilla
Jose Ma. K. Lim
Jose Ma. K. Lim
Filipino, 71 years old
Chairman, Finance Committee
Member, Executive Committee
Member, Audit Committee
Member, Risk Management Committee
Member, Related Party Transactions Committee
Member, Nomination and Governance Committee
Member, Sustainability Committee (May 31, 2022 to May 30, 2023)
Director of Manila Electric Company since May 29, 2012
Education and Training:
- BA Philosophy, Ateneo de Manila University
- Masters in Business Administration, Asian Institute of Management
Membership in Board of Non-listed Companies:
- AF Payments Inc.
- Beacon Electric Asset Holdings, Inc.
- Beacon PowerGen Holdings, Inc.
- Colinas Verdes Hospital Managers Corporation
- Costa de Madera Corporation
- Global Business Power Corporation
- Hyperion Storage Holdings Corporation
- KM Infrastructure Holdings, Inc.
- Landco Pacific Corporation
- Light Rail Manila Corporation
- Light Rail Manila Holdings, Inc.
- Manila Medical Services, Inc.
- Maynilad Water Holding Company, Inc.
- Maynilad Water Services, Inc.
- Medical Doctors, Inc.
- MERALCO PowerGen Corporation
- MetPower Venture Partners Holdings, Inc.
- MetroPac Logistics Company, Inc.
- MetroPac Movers, Inc.
- MetroPac Property Holdings, Inc.
- Metro Pacific Health Tech Corporation
- Metro Pacific Holdings, Inc.
- Metro Pacific Investments Corporation
- Metro Pacific Investments Foundation Inc.
- Metro Pacific Management Services, Inc.
- Metro Pacific Light Rail Corporation
- Metro Pacific Tollways Corporation
- Metro Vantage Properties, Inc.
- NLEX Corporation
- Philippine Coastal Storage and Pipeline Corporation
- Philippine Tank Storage International (Holdings), Inc.
- Philippine Telecommunications Investment Corp.
- Razor Crest Infrastructure Holdings, Inc.
- Surallah Biogas Ventures Corp.
Position and Membership in Other Organizations and Corporations:
- Strategic Adviser and Board of Director - Metro Pacific Investments Corporation
- Trustee -Metro Pacific Investments Foundation Inc.
- Chairman of MetPower Ventures Partners Holdings, Inc.
- Founding Member of the Shareholders Association of the Philippines
Jose Ma. K. Lim
Victorico P. Vargas
Victorico P. Vargas
Filipino, 73 years old
Member, Finance Committee
Member, Remuneration and Leadership Development Committee
Director since May 28, 2019
Education and Training:
- BS Psychology, University of Santo Tomas
Membership in Board of Non-Listed Companies:
- Association of Boxing Alliances in the Philippines, Chairman
- Beacon Electric Asset Holdings, Inc.
- Beacon PowerGen Holdings, Inc.
- Cignal TV, Inc.
- First Pacific Leadership Academy, President and member of the Board of Trustees
- Hastings Holdings, Inc., Chairman
- Ideaspace Foundation, Trustee
- Kayana Solutions, Inc., President
- Media5 Marketing Corporation, Chairman
- Metro Pacific Tollways Corporation
- MGen Global Power
- MQuest Ventures, Inc.
- MVP Sports Foundation, Inc., Trustee
- Philippines Basketball Association, Chairman (Season 2017 to present)
- Philstar Daily, Inc., Chairman
- PhilStar Global, Inc., Chairman
- PhilPop Music Fest Foundation, President
- Pilipino Star Ngayon, Inc., Chairman
- Pilipino Star Printing, Chairman
- PLDT Clark Telecom, Inc.
- PLDT Global, Inc., Chairman
- PLDT Smart Foundation, Trustee
- PLDT Subic Telecom, Inc.
- Smart Communications, Inc.
- TV5 Network, Inc.
Position and Membership in Other Organizations, Foundation and Corporations:
- First Pacific Company Limited, Associate Director
- Head of Leadership Transition Office of the PLDT Group, Office of the Chairman
- Samahang Basketbol ng Pilipinas, Vice President and Former Vice Chairman
- World Boxing Council, Executive Board Member
- Philippine Olympic Committee, Immediate Past President
- Maynilad Water Services, Inc., Former President and Chief Executive Officer
Victorico P. Vargas
Lydia B. Echauz
Lydia B. Echauz
Filipino, 77 years old
Member, Finance Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Independent Director since May 25, 2021
Education and Training:
- Bachelor of Arts, Major in Economics and Mathematics, St. Theresa’s College
- Master’s in Business Administration, Ateneo de Manila University
- Doctor of Business Administration, De La Salle University
Membership in the Board of Listed Companies:
- D&L Industries, Inc., Independent Director
- Shell Pilipinas Corporation, Independent Director
- SP New Energy Corporation, Independent Director
Membership in the Board of Non-Listed Companies, Foundations, and other Organizations:
- Akademyang Filipino Association Inc., Trustee
- FERN Realty Corporation
- Mano Amiga Academy, Trustee
- Museo del Galeon Foundation, Inc., Trustee
- NBS Educational Services, Inc., Vice-Chairperson
- Riverside College Inc.
- SM Foundation, Inc., Independent Trustee
Lydia B. Echauz
Artemio V. Panganiban
Artemio V. Panganiban
Filipino, 88 years old
Lead Independent Director
Chairman, Audit Committee
Member, Executive Committee
Member, Related Party Transactions Committee
Member, Risk Management Committee
Independent Director since May 27, 2008
Education and Training:
- Associate in Arts Degree (“With Highest Honors”), Far Eastern University
- Bachelor of Laws (“Cum Laude”), Far Eastern University
- Doctor of Laws (“Honoris Causa”), University of Iloilo / Far Eastern University / University of Cebu / Angeles University / Bulacan State University
Membership in the Board of Listed Companies:
- Asian Terminals, Inc., Independent Director
- GMA Holdings, Inc., Independent Director
- GMA Network, Inc., Independent Director
- JG Summit Holdings, Inc., Independent Director
- Jollibee Foods Corporation
- Petron Corporation, Independent Director
- PLDT Inc., Lead Independent Director
- RL Commercial REIT, Inc., Independent Director
Adviser to the Board of the following Listed Companies:
- Bank of the Philippine Islands
- Double Dragon Properties Corp.
- Merry Mart Consumer Corp.
- Metropolitan Bank and Trust Co.
Membership in Board of Non-Listed Companies, Foundations, and other Organizations:
- Asian Hospital Inc., Independent Director
- Claudio Teehankee Foundation, Vice-Chairman, Board of Trustees
- Foundation for Liberty and Prosperity, Chairman of the Board of Trustees
- Manila Metropolitan Cathedral-Basilica Foundation, Inc., President
- Metro Pacific Investments Corporation, Independent Advisor
- Metro Pacific Tollways Corporation, Independent Director
- Philippine Judges Foundation, Chairman of the Board of Trustees
- Tan Yan Kee Foundation, Trustee
- TeaM Energy Corporation, Independent Director
Position and Membership in Civic Organizations, Foundations and Corporations:
- Chairman of the Board of Advisers of Metrobank Foundation
- Chairman Emeritus of the Philippine National Committee of the Asean Law Association
- Columnist of the Philippine Daily Inquirer
- Senior Legal Advisor of the Department of Energy (Law and Energy Advisory Panel)
- Retired Chief Justice of the Supreme Court of the Philippines
- President of the Association of Retired Justices of the Supreme Court of the Philippines
- Chairman, Philippine Center for Diabetes Education Foundation, Inc.
Artemio V. Panganiban
Pedro O. Roxas
Pedro O. Roxas
Filipino, 69 years old
Chairman, Related Party Transactions Committee
Chairman, Nomination and Governance Committee
Member, Audit Committee
Member, Finance Committee
Member, Risk Management Committee
Member, Remuneration and Leadership Development Committee
Member, Sustainability Committee
Independent Director since May 25, 2010
Education and Training:
- BS Business Administration, University of Notre Dame Indiana, USA
Membership in the Board of Listed Companies:
- Roxas and Company, Inc., Chairman
- Roxas Holdings, Inc., Chairman
- Cemex Holdings Inc., Independent Director
Membership in Board of Non-Listed Companies, Foundations, and other Organizations:
- Brightnote Assets Corporation
- Club Punta Fuego, Inc., Chairman
- Fundacion Santiago, Inc.
- Global Business Power Corporation, Independent Director
- Meralco PowerGen Corporation, Independent Director
- Metro Pacific Investment Corporation, Independent Director
- Oona Insular Insurance Corporation, Independent Director
- Roxaco Land Corporation, Chairman
- Chromite Gas Holdings, Inc.
Pedro O. Roxas
The Board represents a mix of disciplines in the area of business, finance, operations and legal competencies, with each director capable of adding value and exercising independent judgment. Majority of the Board are non-executive directors and three(3) of whom are Independent Directors (ID), namely, Ret. Chief Justice Artemio V. Panganiban, Mr. Pedro E. Roxas, and Ms. Lydia B. Echauz.
| Certificate of Independent Directors |
| Certificates of Independent Directors - Artemio V. Panganiban 2023 |
3.4MB |
Download PDF |
| Certificates of Independent Directors - Lydia B. Echauz 2023 |
2MB |
Download PDF |
| Certificates of Independent Directors - Pedro E. Roxas 2023 |
2.3MB |
Download PDF |
To reinforce board independence, the Board appointed Independent Director (ID) Ret. Chief Justice Artemio V. Panganiban as the Lead Independent Director pursuant to the recommendation under ASEAN Corporate Governance Scorecard and the SEC’s Code of Corporate Governance for Publicly-Listed Companies (PLCs). The Board. The Senior/Lead Independent Director shall have the following functions:
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To serve an intermediary between the Chairman and the other directors when necessary;
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To convene and chair meeting of the non-executive directors; and
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To contribute to the performance evaluation of the Chairman, as required.
The Lead Independent Director does not, however, act as Chairman in the absence of the Chairman, the same having been delegated to the Vice-Chairman.
The Board also establishes and annually reviews Meralco’s vision, mission, strategic objectives, values, policies and procedures that guide its activities, including the mechanisms for effective monitoring of Management’s performance, ensuring that internal control mechanisms for good governance are adequate.
