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
Filipino, 77 years old
Chairman, Board of Directors
Chairman, Executive Committee
Chairman, Remuneration and Leadership Development Committee
Chairman, Sustainability Committee
Chief Executive Officer
Director of Manila Electric Company since May 26, 2009
Education and Training:
- BA Economics Degree, Ateneo De Manila University
- Masters in Business Administration, Wharton School of Finance and Commerce University of Pennsylvania
Membership in Board of Listed Companies:
- PLDT Inc.
- Philex Mining Corporation
- PXP Energy Corporation
- Roxas Holdings, Inc.
Membership in Board of Non-Listed Companies:
- Associated Broadcasting Corporation (TV5)
- Beacon Electric Asset Holdings, Inc.
- Colinas Verdes Corporation (Cardinal Santos Medical Center)
- First Pacific Company Limited
- Global Business Power Corporation
- Landco Pacific Corporation
- Maynilad Water Services, Inc.
- Mediaquest Holdings, Inc.
- Medical Doctors, Inc. (Makati Medical Center)
- Meralco PowerGen Corporation
- Metro Pacific Investments Corporation
- Metro Pacific Tollways Corporation
- NLEX Corporation
- PLDT Communications and Energy Ventures, Inc.
- PT Indofood Sukses Makmur Tbk (Indonesia)
- Smart Communications, Inc.
- SP New Energy Corporation
Membership in Socio-Civic Organizations:
- Philippine Business for Social Progress (PBSP)
- PLDT-Smart Foundation, Inc.
- One Meralco Foundation, Inc.
- Philippine Disaster Resilience Foundation (PDRF)
- Philippine Business for Education (PBED)
- San Beda College
- Stratbase Albert del Rosario Institute
- MVP Sports Foundation, Inc.
- Samahang Basketbol ng Pilipinas
- US-Philippines Society
Position and Membership in Other Organizations and Corporations:
- Chairman of Philex Mining Corporation, PXP Energy Corporation, Associated Broadcasting
Corporation (TV5), Beacon Electric Asset Holdings, Inc., Colinas Verdes Corporation (Cardinal
Santos Medical Center), Global Business Power Corporation, Landco Pacific Corporation,
Maynilad Water Services, Inc., Mediaquest Holdings, Inc., Medical Doctors, Inc. (Makati Medical
Center), Meralco PowerGen Corporation, Metro Pacific Tollways Corporation, NLEX Corporation,
PLDT Communications and Energy Ventures, Inc., Smart Communications, Inc., SP New Energy
Corporation, Philippine Business for Social Progress (PBSP), PLDT-Smart Foundation, Inc., One
Meralco Foundation, Inc., San Beda College and MVP Sports Foundation, Inc.
- Chairman, President and Chief Executive Officer of PLDT, Inc. and Metro Pacific Investments Corporation
- Vice-Chairman of Roxas Holdings, Inc.
- Chief Executive Officer and Managing Director of First Pacific Company Limited
- President Commissioner of PT Indofood Sukses Makmur Tbk (Indonesia)
- Co-Chairman of Philippine Disaster Resilience Foundation (PDRF) and US-Philippines Society
- Co-Chairperson of the Board of Trustees of Stratbase Albert del Rosario Institute
- Chairman Emeritus of Samahang Basketbol ng Pilipinas
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, 57 years old
Vice-Chairman, Board of Directors
Vice-Chairman, Executive Committee
Member, Finance Committee
Member, Remuneration and Leadership Development Committee
Member, Sustainability Committee
Director of Manila Electric Company 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 Board of Listed Companies:
- Altus Property Ventures, Inc.
- Altus Property Ventures, Inc.
- Cebu Air, Inc.
- Endeavor Acquisition Corporation
- JG Summit Holdings, Inc.
- Oriental Petroleum and Minerals Corporation
- RL Commercial REIT, Inc.
- Robinsons Land Corporation
- Robinsons Retail Holdings, Inc.
- Shakey’s Asia Pizza Ventures, Inc.
- Singapore Land Group Limited
- Universal Robina Corporation
Membership in Board of Non-listed Companies:
- AB Capital and Investment Corporation
- Data Analytics Ventures, Inc.
- Gokongwei Brothers Foundation, Inc.
- JE Holdings, Inc.
- JG Digital Equity Ventures, Inc.
- JG Summit Olefins Corporation
Membership in Board of Non-listed Companies:
- Chairman of Universal Robina Corporation, Robinsons Land Corporation, Robinsons Retail Holdings,
Inc., Cebu Air, Inc., and JG Summit Olefins Corporation
- President and Chief Executive Officer of JG Summit Holdings, Inc., and Robinsons Land Corporation
- Chairman and Trustee of Gokongwei Brothers Foundation, Inc.
Lance Y. Gokongwei
Ray C. Espinosa
Ray C. Espinosa
Filipino, 67 years old
President and CEO from May 28, 2019 to May 30, 2023
Member, Risk Management Committee
Member, Related Party Transactions Committee
Director of Manila Electric Company 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 Board of Publicly Listed Companies:
- Lepanto Consolidated Mining Company (Independent Director)
- PLDT, Inc.
- Roxas Holdings, Inc.
Membership in Board of Non-listed Companies:
- AGN Philippines, Inc. – Co-Chairman of the Board
- Atimonan Land Ventures Development Corporation – Chairman of the Board
- Atimonan One Energy, Inc. – Chairman of the Board
- Aurora Managed Power Services Inc. – Chairman of the Board
- BTF Holdings, Inc.
- Beacon Electric Asset Holdings, Inc.
- Beacon PowerGen Holdings, Inc.
- Bell Telecommunication Philippines, Inc. – Co-Chairman of the Board
- Bonifacio Communications Corporation
- Bow Arken Holding Company, Inc. – Co-Chairman of the Board
- Brightshare Holdings Corporation – Co-Chairman of the Board
- Calamba Aero Power Corporation – Chairman of the Board
- CIS Bayad Center, Inc. – Chairman of the Board
- Cobaltpoint Telecom, Inc. – Co-Chairman of the Board
- Connectivity Unlimited Resource Enterprise Inc.
- Corporate Information Solutions, Inc. – Chairman of the Board
- Dominer Pointe, Inc. – Co-Chairman of the Board
- Eastern Telecommunications Philippines, Inc. – Co-President
- Enterprise Investments Holdings, Inc.
- e-Meralco Ventures, Inc. – Chairman of the Board
- ePLDT, Inc.
- e Telco, Inc. – Co-Chairman of the Board
- ESPI Real Estate Ventures Inc. – President
- Federation of Philippine, Industries, Inc.
- First Agri Holdings Corporation – President and Director
- First Coconut Manufacturing Inc. – Vice Chairman of the Board
- Commented [RJB1]: As of 18 MAR 2024, RCE no longer a
- director in Shin Clark Power Corporation
- Updated list provided by his office on 21 March 2024
- First Delta Group Security Services, Inc.
- First Pacific Leadership Academy, Inc.- Trustee
- FPM Power Holdings Inc. (BVI Company)
- Global Business Power Corporation
- Hi Frequency Telecommunications, Inc. – Co-Chairman of the Board
- Laguna Sol Corporation – Chairman of the Board
- Liberty Telecom Holdings, Inc. – Co-Chairman of the Board
- Maybank Philippines, Inc. – Independent Director
- Manila Overseas Press Club
- MGen Renewable Energy, Inc. – Chairman of the Board
- MGreen International Limited (BVI Company)
- MERALCO PowerGen Corporation – Vice Chairman of the Board
- Meridian Power Ventures Limited
- Metro Pacific Assets Holdings, Inc.
- Metro Pacific Holdings, Inc.
- Metro Pacific Investments Corporation
- Metro Pacific Resources, Inc.
- Miescor Infrastructure Development Corporation – Chairman of the Board
- MPG Asia Limited (BVI Company)
- MPG Holdings Philippines, Inc. – Chairman of the Board
- MPG Mauban LP Corporation – Chairman of the Board
- M Pioneer Insurance, Inc. – Chairman of the Board
- MRail Inc. – Chairman of the Board
- Multi Technology Investments Holdings, Inc. – Co-Chairman of the Board
- MVP Rewards and Loyalty Solutions Inc.
- New Century Telecoms, Inc. –Co-Chairman of the Board
- Nuevo Solar Energy Corp. – Chairman of the Board
- One Meralco Foundation, Inc. –Vice Chairman and Trustee
- Pacific Aurora Plantation Corp. – Vice Chairman of the Board
- Pacific Global One Aviation Company, Inc.
- Pacific Light Power PTE LTD (Singapore Company)
- Pacific Light Renewables Pte. Ltd. (Singapore Company)
- Paragon Vertical Corporation
- Perchpoint Holdings, Inc. – Co-Chairman of the Board
- PH Broadband Networks Holdings, Inc.– Co-Chairman of the Board
- PH Communications Holdings Corporation
- Philippine Telecommunications Investment Corp. – Director and Corporate Secretary
- Pilipinas Global Network Limited (TV5 International)
- Pilipinas Natural Resources Holdings, Inc. – President and Director
- Pilipinas Pacific Enterprise Holdings, Inc. – President and Director
- Pilipina Pacific Natural Resources Holdings Inc. – President and Director
- 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. (“PCEV”) – President and Director
- PLDT Digital Investments PTE Ltd.
- PLDT Global Investments Corporation
- PLDT Global Investments Holdings, Inc. (formerly SPI Global Holdings, Inc.)
- PLDT Online Investments PTE Ltd. - Director
- PLDT - Smart Foundation – Trustee
- Power Smart Capital Limited - Director
- Radius Telecoms, Inc. – Chairman of the Board
- Redondo Peninsula Energy, Inc. – Director
- Roxas Power Corporation – Director
- Skyphone Logistics, Inc. – Co-Chairman of the Board
- Somete Logistics & Development Corporation – Co-Chairman of the Board
- Smart Communications, Inc. - Director
- Talas Data Intelligence Inc. – Director
- Telecommunications Service Providers, Inc. – Director
- Telecommunication Technologies Philippines, Inc. –Co-President and Co-Chairman of the Board
- Tori Spectrum Telecom, Inc. – Co-Chairman of the Board
- Two Cassandra - CCI Conglomerate, Inc. – Co-Chairman of the Board
- Two Rivers Pacific Holdings Corporation – Director
- Vega Telecom, Inc. – Co-Chairman
- WREIT, Inc. – Independent Director
Position and Membership in Other Organizations and Corporations:
- Assistant Corporate Secretary of Pilipinas Pacific Telecom Holdings, Inc.
- Audit Committee Chairman of Lepanto Consolidated Mining Company
- Related Party Transaction Committee Chairman of Maybank Philippines, Inc.
- Corporate Governance Committee Vice Chairman of Maybank Philippines, Inc.
- Audit Committee Member of Maybank Philippines, Inc.
- Nomination, Election and Governance Committee Member of Roxas Holdings. Inc.
- 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, 53 years old
Chairman, Risk Management Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Member, Related Party Transactions Committee
Member, Sustainability Committee
Director of Manila Electric Company 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 Board of Listed Companies:
- JG Summit Holdings, Inc. – Executive Director
- Universal Robina Corporation – Director and Executive Vice President
- Robinsons Land Corporation – Director
Membership in Board of Non-Listed Companies:
- JG Summit Olefins Corporation – Director
- MERALCO PowerGen Corporation – Director
- Merbau Corporation – President and Chief Executive Officer
- Peak Fuel Corporation – Director
Patrick Henry C. Go
James L. Go
James L. Go
Filipino, 84 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 of Manila Electric Company 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 Board of Listed Companies:
- G Summit Holdings, Inc.
- Oriental Petroleum and Minerals Corporation
- Robinsons Land Corporation
- Universal Robina Corporation
- Robinsons Retail Holdings, Inc.
- PLDT Inc.
Membership in Board of Non-listed Companies:
- JG Summit Olefins Corporation
Position and Membership in Other Organizations and Corporations:
- Chairman of JG Summit Holdings, Inc.
- Chairman and Chief Executive Officer of Oriental Petroleum and Minerals Corporation
- Chairman Emeritus of Robinsons Land Corporation, Universal Robina Corporation, and JG Summit
Olefins Corporation
- Vice-Chairman of Robinsons Retail Holdings, Inc.
- President and Trustee of Gokongwei Brothers Foundation, Inc.
James L. Go
June Cheryl A. Cabal-Revilla
June Cheryl A. Cabal-Revilla
Filipino, 50 years old
Member, Finance Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Member, Sustainability Committee
Director of Manila Electric Company since May 30, 2023
Education and Training:
- Bachelor of Science Degree in Accountancy, De La Salle University
- Master’s Degree in Business Management Major in Finance, Asian Institute of Management
Membership in Board of Listed Companies:
- Metro Pacific Investments Corporation
Membership in Board of Non-Listed Companies:
- AF Payments, Inc.
- Beacon Electric Asset Holdings, Inc.
- Costa de Madera Corporation
- Fragrant Cedar Holdings, Inc.
- Global Business Power Corporation
- Hyperion Storage Holdings 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
- Metro Pacific Hospitals Holdings, Inc.
- Metro Pacific Investments Corporation
- Metro Pacific Investments Foundation, Inc.
- Metro Pacific Light Rail Corporation
- Metro Pacific Nova Agro Tech, Inc.
- Metro Pacific Tollways Corporation
- MetroPac Movers, Inc.
- MetroPac Water Investments Corporation
- Philippine Coastal Storage & Pipeline Corporation
- Philippine Tank Storage International (Holdings), Inc.
- Razor Crest Storage Infrastructure Holdings Corporation
- Surallah Biogas Ventures Corp.
- The Laguna Creamery, Inc.
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, 72 years old
Member, Finance Committee
Member, Remuneration and Leadership Development Committee
Director of Manila Electric Company since May 28, 2019
Education and Training:
- BS Psychology, University of Santo Tomas
Membership in Board of Non-Listed Companies:
- Smart Communications, Inc.
- Cignal TV, Inc.
- Hastings Holdings, Inc. (Chairman)
- Media5 Marketing Corporation
- MQuest Ventures, Inc.
- PhilStar Global, Inc. (Chairman)
- Pilipino Star Ngayon, Inc. (Chairman)
- Pilipino Star Printing (Chairman)
- PLDT Clark Telecom, Inc.
- PLDT Global, Inc.
- PLDT Subic Telecom, Inc.
- Smart Communications, Inc.
- TV5 Network, Inc.
Position and Membership in Other Organizations and Companies
- Associate Director of First Pacific Company Limited
- Head of Leadership Transition Office of the PLDT Group
- President of the Board of Trustees of First Pacific Leadership Academy
- Vice President & Former Vice Chairman of Samahang Basketbol ng Pilipinas
- Trustee of the MVP Sports Foundation and Ideaspace Foundation
- Trustee of the PLDT-Smart Foundation
- President of PhilPop Music Fest Foundation
- Chairman of Philstar Daily, Inc.
- Chairman of the Association of Boxing Alliances in the Philippines
- Executive Board Member of World Boxing Council
- Chairman of the Philippines Basketball Association for Season 2017-Present
- Immediate Past President of the Philippine Olympic Committee and currently a member of the
- Board of Directors
- Former President and Chief Executive Officer of Maynilad Water Services, Inc.
Victorico P. Vargas
Lydia B. Echauz
Lydia B. Echauz
Filipino, 76 years old
Member, Finance Committee
Member, Audit Committee
Member, Nomination and Governance Committee
Independent Director of Manila Electric Company since May 25, 2021
Education and Training:
- Doctor of Business Administration, De La salle University
- Master in Business Administration, Ateneo De Manila University
- Bachelor of Arts, Major in Economics and Mathematics, St. Theresa’s College
Membership in Board of Listed Companies:
- D&L Industries, Inc.
- Shell Pilipinas Corporation (formerly Pilipinas Shell Petroleum Corporation)
Membership in Board of Non-Listed Companies:
- Akademyang Filipino Association. Inc.
- FERN Realty Corporation
- Mano Amiga Academy
- Museo del Galeon Foundation, Inc.
- NBS Educational Services, Inc.
- Riverside College Inc.
- SM Foundation, Inc.
Lydia B. Echauz
Artemio V. Panganiban
Artemio V. Panganiban
Filipino, 87 years old
Lead Independent Director
Chairman, Audit Committee
Member, Executive Committee
Member, Related Party Transactions Committee
Member, Risk Management Committee
Independent Director of Manila Electric Company 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 Board of Listed Companies:
- Asian Terminals, Inc.
- GMA Holdings, Inc.
- GMA Network, Inc.
- JG Summit Holdings, Inc.
- Jollibee Foods Corporation
- Petron Corporation
- PLDT Inc.
- RL Commercial REIT, Inc.
Adviser to the Boards of Listed Companies:
- Bank of the Philippine Islands
- Metropolitan Bank and Trust Co.
- Double Dragon Properties Corp.
- Merry Mart Consumer Corp.
Membership in Board of Non-listed Companies:
- Asian Hospital Inc.
- Metro Pacific Investments Corporation
- Metro Pacific Tollways Corporation
- TeaM Energy Corporation
Position and Membership in Other Organizations and Corporations:
- Chairman, Board of Advisers of Metrobank Foundation
- President, Manila Metropolitan Cathedral-Basilica Foundation, Inc.
- Chairman, Board of Trustees, Foundation for Liberty and Prosperity and of the Philippine Judges
Foundation
- Chairman Emeritus, Philippine National Committee of the Asean Law Association
- Trustee, Tan Yan Kee Foundation
- Trustee, Claudio Teehankee Foundation
- Columnist, Philippine Daily Inquirer
- Senior Legal Advisor, Department of Energy (Law and Energy Advisory Panel)
- Retired Chief Justice of the Supreme Court of the Philippines
Artemio V. Panganiban
Pedro O. Roxas
Pedro O. Roxas
Filipino, 68 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 of Manila Electric Company since May 25, 2010
Education and Training:
- BS Business Administration, University of Notre Dame Indiana, USA
Membership in Board of Listed Companies:
- Roxas and Company, Inc.
- Roxas Holdings, Inc.
- Cemex Holdings Inc.
- Metro Pacific Investment Corporation
Membership in Board of Non-listed Companies:
- Brightnote Assets Corporation
- Fundacion Santiago, Inc.
- Metro Pacific Investment Corporation
- Oona Insular Insurance Corporation
- Punta Fuego, Inc.
- Roxaco Land Corporation Club
Position and Membership in Other Organizations and Corporations:
- Chairman of Roxas and Company, Inc., Roxaco Land Corporation, Roxas Holdings, Inc. and Club Punta Fuego, Inc.
- Trustee of Philippine Business for Social Progress
- Trustee of Roxas Foundation, 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:
-
To serve an intermediary between the Chairman and the other directors when necessary;
-
To convene and chair meeting of the non-executive directors; and
-
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.
