the social responsibility of business:...
TRANSCRIPT
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There is widespread belief that business has a moral responsibility to serve the needs of
society. This view is consistent with current thinking on Corporate Social Responsibility
(CSR) which is generally understood to require the voluntary sharing of business profits
with the community and the other stakeholders in the firm. These acts of magnanimity are
generally seen as means of giving back of what is owed to others. This increasingly popular
concept of CSR stands in stark contrast with the notion that business has no social
responsibility whatsoever other than to make profits, a position held by Nobel Laureate
Milton Friedman of the University of Chicago.
Yet another position, the one taken here, sees the sharing of economic value with the
community and all those who contribute to the production process as a means by which to
enhance profits and to insure the viability of the firm. Viewed from this perspective, the various forms of CSR, along with their popular derivative, Inclusive Business Models
(discussed later in this article), far from being acts of charity or altruism, are in fact strategic
initiatives the end-goal of which is to enhance profits over the long haul.
Shareholder wealth maximization reconsidered
If business is to implement socially beneficial initiatives for the purpose of achieving its
long-run strategic goals, it has to radically change the manner in which it does business. In
particular, it needs to rethink the way it pursues its profit objective.
As an alternative to profit or shareholder wealth maximization as the raison d'être for the
business enterprise, we propose to state the function of the business firm in modern society
as one of maximizing economic value, and appropriating the economic wealth created
among all the groups that contribute to the process of value creation.
Volume 5 Issue No. 07 map.org.ph February 19, 2019
“THE SOCIAL RESPONSIBILITY OF BUSINESS: Calling a Spade a Spade”
February 18, 2019
NICETO S. POBLADOR
“MAPping the Future” Column in the INQUIRER
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By implementing appropriate strategies and putting in place governance mechanisms for
creating value for its other stakeholders – its workers, its customers, its suppliers and the
community of which it is an integral part - we contend that the residual value that accrues
to the owners of the firm (a.k.a. profits) will consequently be maximized.
While we concede that business firms in capitalistic societies have no moral obligation to
serve the economic interests of society, we also maintain that sharing the economic value
that they produce with the community at large is consistent with their traditional goal of
profit maximization.
Corporate sharing of economic value with society is accomplished by pursuing what are
described broadly as “bottom-of-the-pyramid” (BOP) strategies, those that are intended to
uplift the economic condition of the poorest and least privileged members of society. In
practice, BOP strategies are implemented primarily through what are collectively known as
Inclusive Business Models (IBMs). These are wide-ranging solutions that provide access
to economic opportunities to low-income communities in a manner that will make
businesses more viable and sustainable. By incorporating low-income populations in their
supply chains, IBMs insure business firms, among other things, a constant pool of well-
trained and highly capable workers, constant and reliable supplies of raw materials, and
steady increases in sales revenue from poor and largely unserved or under-served customers
who may benefit from low-priced versions of their products and services.
Collaborative Inclusivity
By partnering among themselves, with government agencies, multilateral organizations,
NGOs and other institutions in the community, IBMs enable business firms, especially small
and medium sized enterprises, to share with other institutions the large investment costs that
are needed to develop their markets, to manage their supply chains, and to upgrade their
stocks of human capital. In this way, businesses are able to realize their long-run strategic
objectives far more effectively than if they acted single handedly – and at the same time
enable their institutional partners to similarly achieve their respective social goals. Joint
endeavors of this nature obviate what is known as the collective action problem by insuring
that they serve the interests of all the institutional participants.
Even more significantly from a developmental perspective, IBMs enable business firms to
help achieve the country’s Sustainable Development Goals, notably those relating to
poverty alleviation and reducing economic inequality, and doing so in order to achieve their
long-run strategic goals and not, as commonly claimed, for the purpose of fulfilling their
avowed responsibility to society.
(The article reflects the personal opinion of the author and does not reflect the official stand
of the Management Association of the Philippines or MAP. The author is a retired U.P.
Professor, and until recently was Professorial Lecturer at the U.P. School of Economics.
Feedback at <[email protected]> and < [email protected]>. For previous articles,
please visit <map.org.ph>)
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The Legatum Prosperity Index (LPI) offers unique insights into how prosperity is
changing across the world. The LPI defines prosperity “as more than just the accumulation
of material wealth, but also as the joy of everyday life and the prospect of being able to
build an even better life in the future”. The Legatum Institute is a London-based think-tank
with a global vision: to see all people lifted out of poverty (https://www.prosperity.com/).
The LPI contains data on 149 countries, for 89 variables, spread across nine dimensions of
national well-being: Economic Quality, Business Environment, Governance, Education,
Health, Safety & Security, Personal Freedom, Social Capital and Natural Environment.
Box 1. Prosperity Index Pillars
• Economic Quality: the openness of the economy, macro-economic indicators,
foundations for growth, economic opportunity and financial sector efficiency.
• Business Environment: a country’s entrepreneurial environment, its business
infrastructure, barriers to innovation and labor market flexibility.
• Governance: a country’s performance in three areas - rule of law, effective
governance, and democracy and political participation.
• Education: measures access to education, quality of education and human capital.
• Health: a country’s performance in three areas - basic physical and mental health,
health infrastructure and preventative care.
• Safety & Security: measured based on national security and personal safety.
• Personal Freedom: national progress towards basic legal rights, individual liberties
and social tolerance.
• Social Capital: the strength of personal relationships, social network support, social
norms and civic participation in a country.
• Natural Environment: a country’s performance in three areas - the quality of the
natural environment, environmental pressures and preservation efforts.
Source: https://www.prosperity.com/
“MAP Insights” Column in BUSINESSWORLD
“Global Prosperity Rankings: Where is the Philippines?”
February 19, 2019
ROLANDO T. DY
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Prosperity index: Global rankings of ASEAN countries, 2018 Pillars Global Ranks
Philippines Indonesia Malaysia Singapore Thailand Vietnam
Economic Quality
57 50 22 2 34 47
Business Environment
82 49 43 5 56 74
Governance 52 52 47 18 100 90
Education 60 71 41 3 70 51
Health 98 94 38 1 32 79
Safety & Security
140 49 55 3 81 58
Personal Freedom
63 70 125 98 125 117
Social Capital
33 12 27 15 53 89
Natural Environment
30 115 44 90 97 91
Overall
Rank
Out of 149
62 49 44 21 74 81
Source: https://www.prosperity.com/
ASEAN Comparisons
Singapore led the major ASEAN countries in the overall prosperity index rankings. It ranked
21st in the world. It was followed by Malaysia, 44th, and Indonesia, 49th. The Philippines,
62nd, ranked fourth. Thailand, 74th, was next and finally, Vietnam, 81st.
Based on the latest rankings, with the exception of outlier Singapore, the Philippines landed
62nd among the major ASEAN countries. It placed last on economic quality, business
environment, health, and safety and security. It rated well on personal freedom and natural
environment.
Indonesia did very well on social capital and ranked a distant 2nd (after Singapore) on safety
and security.
Malaysia performed best on economic quality and business environment, governance,
education, health and natural environment. It scored lowest on the personal freedom pillar.
While Singapore led in many of the pillars. It rated low on personal freedom.
Thailand scored high on health and economic quality, but low on governance and personal
freedom.
Vietnam performed best on economic quality and education but scored low on personal
freedom and governance.
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Since the Index began in 2007, the Philippines has moved up the rankings table by 11 places,
Vietnam by seven places, and Indonesia by 28 places. By contrast, Malaysia was down eight
places and Thailand, 21 places. If the Philippines wishes to belong to the upper third (No. 50) of the 149 economies, the
country has to improve on six of the nine pillars. Long way to go.
(This article reflects the personal opinion of the author and does not reflect the official stand
of the Management Association of the Philippines or the MAP.)
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ROLANDO T. DY is the Co-Vice Chair of the MAP AgriBusiness Committee, and
the Executive Director of the Center for Food and AgriBusiness of the University
of Asia & the Pacific.
http://map.org.ph
Dear Fellow MAP Member: The May 13, 2019 national elections will definitely have a critical impact on the future of our country, people, industries and businesses. It is therefore very important that all enlightened citizens, like MAP members, participate in ensuring credible elections. In line with the MAP’s advocacy for credible elections, the MAP Board of Governors has agreed to call on MAP members for voluntary contributions to the Parish Pastoral Council for Responsible Voting (PPCRV). The MAP Board also agreed that the MAP will match the total contributions of MAP members up to P200,000. The PPRCV is a bona-fide, non-partisan, parish-based association duly organized by and composed of civic-minded citizens drawn from the various sectors of Philippine society, mandated to help form the civic conscience of the Filipino voters and campaign for an honest, meaningful, and peaceful elections. It holds office at the Pope Pius XII Catholic Center in UN Avenue. As a non-partisan organization, it does not support any candidate, political party, organization, or coalition of political parties involved in the forthcoming elections. Your support will be most beneficial to the trainers and PPCRV volunteers who are fulfilling PPCRV’s mission of serving as the citizen’s arm of the Commission on Elections (COMELEC) in maintaining the integrity of the forthcoming elections. The PPCRV has a triple mandate of conducting voters’ education, candidates’ forum, and poll watching and canvassing. Your contribution will finance the meals for the trainers, trainees, volunteers and staff who will be conducting voters’ education, candidates’ forum, and poll watching and canvassing during the May 2019 Elections. The schedule of the Training of Trainers is as follows: February 27 – March 1 (Luzon 1), March 6 – 8 (Luzon 2), March 13 - 15 (Visayas), and March 20 – 22 (Mindanao).
Let us help PPCRV please
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After the elections, the volunteers tasked with data entry of election returns at the PPCRV Command Center will be about 200 each day starting the night of the election. They will be at the Command Center for a month until all election returns have been sent by precincts. Please make your check donation payable to “Management Association of the Philippines” and send to the MAP Secretariat. If you need a Statement of Account to process your payment, please call MAP Staff Assistant Milo Dapilos via +63927-002-3413 or [email protected]. If you have questions, you may contact PPCRV Chair MYLA C. VILLANUEVA and PPCRV Trustee for Ways and Means Committee THERESA CURIA via +632 536-5819, [email protected] or [email protected] Thank you in advance for your generosity. Sincerely, RIZALINA G. MANTARING MAP President
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Forthcoming Events
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We are pleased to inform the membership that Sec Bobby de Ocampo, in his capacity as Chairman of the British Alumni Association (BAA) is once again bringing the top rated London-based boy’s choir LIBERA for concerts in the Philippines. The concert performances will be in Manila on Tuesday Feb 19 (starting 8PM) at the Meralco Theatre and in Cebu on Saturday Feb 23 at the Waterfront Pacific Grand Ballroom. Ticket
prices are Php 6,500.00, Php 5,500.00, Php 4,500.00, Php 1,000.00 and are available either at Ticket World (891-9999) or thru Bobby’s secretary, Sarah Sanchez (0939-9162776) who can secure the appropriate
tickets and best seats for those interested.
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1. “Integrity Commission – time to dare!”
from MAP Inclusive Growth Committee Chair ALEXANDER “Alex” B.
CABRERA’s “As easy as ABC” Column in THE PHILIPPINE STAR on
February 17, 2019
Law permitting, if there is a video recording of everything transacted and discussed in
government, there will be accountability. Conversely, without transparency, there is no
accountability. Without the public knowing what is really happening, there is simply
impunity. Lack of transparency on corruption is what darkness is to molds. Cover is what is
needed for these two products to develop unabated.
Having said that, I just probably insulted people’s intelligence because I haven’t said
anything new. If knowledge about the darkness and molds were all that was needed, we
would have solved our issues on corruption. We would be a nation of integrity, the darling
of investors, a First World country. But we are not.
If you look at First World countries like the US, they have reliable institutions which,
although imperfect, are trustworthy. For example, if the FBI or the IRS trains their sights
on you, the investigation and case will not go away until you are toast. When they begin to
work, they keep at it, sometimes very silently. Not propaganda and grandstanding first then
nothing follows – which is an all-too-familiar occurrence in this part of the world.
Here, we have the Ombudsman to investigate and prosecute cases of graft and corruption.
We have the Commission on Audit, which audits the use of public funds, and that means
they can only act after the transactions have been done, recorded (or not), and dusted. We
also have hotlines that direct calls to the Office of the President.
The thing is, we can keep relying on our existing institutions and systems to solve corruption
issues, and risk falling squarely upon the sage definition of stupidity – which is doing the
same things but expecting a different result.
Or, we can do what about 50 economies have done – create an independent agency whose
sole reason for existence is to solve the corruption issue. This anti-corruption agency, called
by many names in different territories, can be called here as the Integrity Commission.
Articles/Papers being shared with MAP Members
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Before you write it off as BS, we should seriously take a look at the successes of other
countries, starting with our neighbors.
For example, probably the most successful in the lot is Hong Kong’s Independent
Commission Against Corruption (ICAC). The World Bank case study reported that until the
early 1970s, illegal kickbacks, protection rackets, and briberies were accepted as a way of
life in HK. So much so that ambulance men asking for “tea money” before picking up a sick
person was commonplace. The Hong Kong government established ICAC to remove “rotten
apples” in the system. It gained so much public trust because they hide the complainant or
whistleblowers behind a strict cloud of secrecy, they deliver results by putting the “rotten”
in jail, and they constantly solicit feedback from the public on how they are performing,
how they are seen by the public, and how they can improve. They investigate and prosecute,
as well as educate and prevent.
If HK were a good model to follow, the Indonesian Corruption Eradication Commission
(most commonly known among locals as KPK), I would say, is the boldest. Proponents of
the right to privacy would frown on its methods, which include tapping in on people’s phone
conversations to gather evidence, and also using “spies” or agents to find out what is really
going on in a certain government agency. In its initial years, it had a dedicated, centralized
judiciary to hear and prosecute cases pursued by the Commission.
The result was that for the first five years of its operations, it had 100 percent conviction
rate, and put more than 250 erring individuals behind bars, including prominent ones.
Because they deliver results, they have a lot of credibility as well on the prevention and
education side. The ride of the KPK is riddled with challenges, not without controversy, and
was always facing strong opposition from incumbents. But the Commission always had
presidential support and that is also because the public rallies behind them.
The biggest challenge to having the required legislation passed is that it’s like the proverbial
rock a politician can pick up to hit his own head with. But if we say no one will push that
legislation here, then we admit that there are honorable legislators elsewhere but there is no
one here?
We should not refuse to learn from what other nations have dared. The first task in defeating
corruption is not to be part of it. If we do not tolerate it, we should find new ways to defeat
it. For the creation of our own independent Integrity Commission, for our good as a nation,
I register this article as my first cry.
* * *
Alexander Cabrera is the chairman of the Integrity Initiative Inc. (II Inc.), a non-profit
organization that promotes common ethical and acceptable integrity standards. And he is
the chairman and senior partner of Isla Lipana & Co./PwC Philippines. Email your
comments and questions to [email protected]. This content is for general
information purposes only, and should not be used as a substitute for consultation with
professional advisors.
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2. “Don’t let your baby die”
from MAP Governor PETER WALLACE’s “Like it is” Column in the
PHILIPPINE DAILY INQUIRER on February 7, 2019
But mothers are, are because they’ve been misinformed by a media looking for headlines,
and heartless, thoughtless people looking for aggrandizement.
The hysteria created over Dengvaxia back in December 2017 was based on no factual
proofs, only some initial unsubstantiated reports of some children dying who’d been in the
inoculation program. At that time there was no sufficient forensic evidence to link those
deaths to Dengvaxia yet that’s what those people did.
I argued strongly at the time to wait for such proof, and explained how unlikely it was the
drug caused them. That, in fact, the drug probably saved a number of lives. Fake news
overrode my arguments.
Now some Department of Health (DOH) officials and Sanofi are being pilloried in court for
deaths based on this hysterical reaction. On January 15 this year, DOH officials told senators
during plenary debates on the DOH budget that after autopsy there were no deaths due to
Dengvaxia.
In the Caraga region last year, there were 6,788 cases of dengue versus 2,631 in 2017. That’s
a huge, and frightening 158 percent increase. Of this, 22 people died. If the generated
hysteria over Dengvaxia had not resulted in its withdrawal, it may have saved some of those
22. And certainly would have greatly reduced the number who suffered.
At the height of the hysteria over Dengvaxia, Persida Acosta, the head of the Public
Attorney's Office (PAO) (that has no known expertise on health), together with her cohorts
led by a certain Dr. Erwin Erfe claimed that 60 children had died with NO medical proof of
that. She was a very vocal accuser, she has much to answer for. She may want to search her
conscience. I’ll be blunt about it, I believe she’s guilty of indirect manslaughter by her
irresponsible actions. The media didn’t help either with its desire for explosive headlines.
I’m told (I haven’t listened to a radio in decades) Noli de Castro continues to air a list of
those who died because of Dengvaxia. Where does he get this information from? Perhaps
he could enlighten the DOH.
Dengvaxia is used in many countries — with no controversy. Over 20 countries have
approved its use. When properly applied, it has worked. Dengue mosquitos breed in (filthy,
dirty,) stagnant water. So keeping your environment clean with no stagnant water anywhere.
Not in tins, not in tires, not in pots. Nowhere has to be the aim. This would greatly reduce
this nasty disease. But until that happens ( in a country that just throws its trash without a
thought) dengue will plague many, leading to the death of people who should live. So a
vaccine that reduces this should have been welcomed, not hysterically, unfactually banned.
A rethink of its use needs to be done by revisiting the issues that led to this situation under
the bright light of credible scientific evidence not hysterical ignorance.
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And, now because of the hysteria it’s not just dengue. According to the World Health
Organization (WHO), measles cases in the Philippines are up 367% to 17,298 reported cases
from January to November 2018 from 3,706 reported measles cases for the same period in
2017. This is because mothers were scared due to the Dengvaxia hysteria created by Media
and Persida Acosta.
The situation is now so bad that San Lazaro has to turn away sick people because there are
no beds left, 95 percent in the ER are suffering from measles.
It’s the same in America, measles has recently made a worrying comeback from being
completely eliminated. It has because as CNN said “measles has risen because parents aren’t
vaccinating their children in fear from misinformation and lies from people who don’t know
what they’re talking about.”
The DOH now has its work cut out convincing mothers that vaccination of their children is
essential in keeping their kids healthy. Doctors and the media could help. And a re-
examination of Dengvaxia undertaken as to its possible use if correctly applied.
I suggest you also read the well-constructed column of Orlando Oxales in the Manila
Standard on January 28 for further enlightenment on this important issue.
As we see now, one year later, the hysteria has resulted in mothers too fearful of inoculating
their children with any vaccine. Mothers need to realize that vaccination is a desirable, even
an essential thing to do to protect their child. Vaccines work, and work safely. They have
been responsible for eliminating polio and smallpox, for instance. Please mothers, do it.
Protect your baby. Mothers inoculate your children—keep them healthy.
Read my previous columns: www.wallacebusinessforum.com
E-mail: [email protected]
1. February 18 Economic Briefing and General Membership Meeting with WORLD BANK
Senior Economist for the Philippines, Dr. RONG QUIAN
https://www.facebook.com/media/set/?set=a.2270837913190589&type=1&l=ce49806290\
2. February 19 MAP Board Meeting with Committee Chairs and Vice Chairs for 2019
https://www.facebook.com/media/set/?set=a.2279147642359616&type=1&l=4ad8eeb835
PICTURES uploaded in the MAP Facebook account
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We have uploaded in our “MAP Talks” channel on YouTube the video of the acceptance
speech of Mr. HENRY SY, SR. as “MAP Management Man of the Year 1999.” Please click the link below to view the video:
https://www.youtube.com/watch?v=svd0QY9m850
Please click below for the Acceptance Speech of Mr. FERNANDO ZOBEL DE AYALA as
“MAP Management man of the Year 2018.”
https://www.youtube.com/watch?v=pPzDPHH5l0U
Please click below for the Acceptance Speech of Mr. GEORGE S.K. TY as “MAP
Management man of the Year 2006.” https://youtu.be/VnQ-1Sk-Gmk
Please click below for the Acceptance Speech of Mr. DAVID M. CONSUNJI as “MAP
Management man of the Year 1996.” https://youtu.be/q-Mm63avAsM
You can also view the other “MAP Talks” videos via the following link: https://www.youtube.com/user/TheMAPph
Thank you.
February 1
1. Mr. WILSON “Wilson” LIM, President, Abenson, Inc. February 2
2. Mr. RAMON “Mon” B. ARNAIZ, Chair, Raco Group of Companies February 3
3. Mr. ROMEO THADDEUS “Thad” LIAMZON, President, Artel Land Corporation February 4
4. Mr. TOMAS “Tom” B. ROCAMORA JR., COO, Philfoods Fresh-Baked Products, Inc.
5. Mr. JOSE “Joe” R. SIMEON, Chair, Consolidated Matrix, Inc. February 5
6. Ms. ESTER R. PUNONGBAYAN, President and CEO, E. Punongbayan Global Outsourcing, Inc. February 6
7. Dr. MILAGROS “Mila” O. HOW, EVP, Universal Harvester, Inc.
8. Mr. DELFIN “Del” L. LAZARO, Board Member, Ayala Corporation
9. Atty. WILLIAM “Bill” S. PAMINTUAN, FVP, Deputy General Counsel and Asst. Corporate Secretary, MERALCO
Happy Birthday to the following MAP Members who are
celebrating their birthdays from February 1 to 28, 2019
“MAP Talks” on YouTube
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10. Mr. BENEDICTO “Benedict” C. SISON, Country Head and CEO, Sun Life of Canada Philippines, Inc.
11. Mr. JOSE “Jose” M. SORIANO
12. Atty. EUSEBIO “Ebot” V. TAN, Senior Partner, Angara Abello Concepcion Regala & Cruz Law Offices
(ACCRALAW) February 7
13. Dr. JOSE PAULO “Chichoy” E. CAMPOS, President, Emilio Aguinaldo College (EAC)
14. Mr. CESAR V. CAMPOS, Chair, Cenel Development Corporation
15. Atty. DANILO “Danny” L. CONCEPCION, President, University of the Philippines (UP)
16. Mr. EDWIN R. G. REYES, EVP and Group Head, BDO Unibank, Inc. – February 8
17. Mr. JOVENCIO “Jovy” F. CINCO, President, Penta Capital Investment Corporation
18. Atty. ADRIAN “Che” S. CRISTOBAL, Vice Chair, SteelAsia Manufacturing Corporation February 9
19. Dr. CRISPINIANO “Cris” G. ACOSTA, President, FILMINERA Resources Corporation
20. Mr. BERNARDO “Dong Dong” T. BENEDICTO III, Chair, CLB Engineering & Supply, Inc.
21. Ms. IMELDA “Imee” H. CENTENO, SVP - Human Resources and Organization Development, UNILAB, Inc.
22. Atty. FRANCISCO “Francis” ED. LIM, Senior Partner and Ex-Com Member, Angara Abello Concepcion Regala &
Cruz Law Offices (ACCRALAW)
23. Ms. BERNADINE “Bern” T. SIY, Interworld Properties Corporation
24. Amb. MARTIN SLABBER, Ambassador, South African Embassy: Manila February 10
25. Ms. KAREN V. BATUNGBACAL, SVP, Optum Global Solutions
26. Mr. JAIME “Jimmy” J. BAUTISTA, President, Philippine Airlines (PAL)
27. Mr. BENITO “Beni” CHUA CO KIONG, President, BNC Ingredients Corporation
28. Prof. MATTHEW GEORGE “Matthew” O. ESCOBIDO, CEO, conceptblocks
29. Ms. MA. LOURDES “Marides” C. FERNANDO, President, Bright Future Realty, Inc.
30. Mr. SIMON “Mon” R. PATERNO, EVP, Bank of the Philippine Islands (BPI)
31. Mr. RAYMOND GERARD “Rac” S. RACAZA, President and COO, Xurpas, Inc.
32. Mr. STEPHEN JAMES “Steve” REILLY, COO, Resorts World Manila
33. Ms. MARIA NIMFA “Maria” RONSON, Co-Director, Pertlink Limited (Hong Kong)
34. Mr. RAJAN UTTAMCHANDANI, Chair and CEO, Esquire Financing Inc. February 11
35. Ms. MA. LOURDES MARGARITA “Dette” D. ARUEGO, Managing Director, Assessment Analytics, Inc.
36. Dr. REYNALDO “Regie” T. CASAS, President - Projects, nv vogt Philippines Solar Energy One, Inc.
37. Mr. RENATO “Rene” M. LIMJOCO, International Consultant
38. Mr. ERMILANDO “Ermil” D. NAPA, Chair and CEO, Manila Consulting and Management Co. Inc.
39. Mr. KIRK Q. RAMOS, President and CEO, Stealth Ventures Corporation February 12
40. Ms. SERALINE LLOREN “Sera” MANGUNI, Consulting Actuary
41. Mr. EDUARDO “Edu” M. OLBES, EVP, Security Bank Corporation February 13
42. Mr. RIC GINDAP, Creative + Strategy Director, Design for Tomorrow
43. Ms. VALERIE “Riena” N. PAMA, President, Sun Life Asset Management Company, Inc. February 15
44. Mr. J. LUIGI “Luigi” L. BAUTISTA, President and CEO, Cavitex Infrastructure Corporation
45. Mr. ANGELITO “Lito” D. BERMUDO, President and CEO, Meralco Industrial Engineering Services Corporation
(MIESCOR)
46. Mr. JOHN THOMAS “Jomi” GUEVARA DEVERAS, Senior EVP, Rizal Commercial Banking Corporation (RCBC) February 17
47. Atty. ROSARIO “Cherry” S. BERNALDO, Managing Partner, R. S. Bernaldo & Associates
48. Mr. J. ERNESTO “Ernie” C. VILLALUNA, Director, Philex Mining Corporation February 18
49. Ms. SUSAN “Sue” L. DIMACALI, CEO, ASPAC Creative Communications, Inc.
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February 19
50. Ms. BERNICE GAMBOA BERENGUER, President, IKON Solutions Asia, Inc.
51. Dr. KAREN BELINA “Karen” F. DE LEON, President, Misamis University
52. Mr. NOEL C. OÑATE, Chair, La Funeraria Paz Group
February 20
53. Mr. DANILO “Donnies” T. ALAS, Chair and CEO, Alas Oplas & Co., CPAs
54. Mr. ELEUTERIO “Terry” D. CORONEL
55. Atty. NILO T. DIVINA, Managing Partner, Divina Law
56. Mr. EDWARD K. LEE, Chair, Citiseconline.com, Inc.
57. Mr. BENJAMIN “Jay” R. LOPEZ, INAEC Aviation Corporation
February 21
58. Ms. MARY ANG, CEO and General Manager, Heritage Multi-Office Products, Inc.
59. Ms. MARILOU “Malou” C. CRISTOBAL, Chair and President, Multinational Investment Bancorporation
60. Mr. ROBERT LEO “Rob” YU, Philippines Investment Banking Coverage, Morgan Stanley
61. Ms. MARIFE B. ZAMORA, Board Director, PLDT
February 22
62. Mr. GEORGE T. SIY, President, Face & Body Rejuvenation Center, Inc.
63. Mr. JORGE MIRANDA YULO, President and CEO, 1 Document Corporation (Phils)
February 23
64. Mr. DANTE M. BRIONES, Chair and CEO, Sasonbi, Inc.
65. Mr. RAFAEL “Peng” R. PEREZ DE TAGLE JR., Board Director, Metro Rail Transit Corporation
66. Ms. LOURDES “Chingling” R. TANCO, Managing Director, Mida Trade Ventures International, Inc.
February 24
67. Mr. EDILBERTO “Bert” B. BRAVO, Chair and CEO, U-Bix Corporation
68. Dr. ROLANDO “Rolly” T. DY, Professor, and Executive Director, Center for Food and Agri Business, University of
Asia and the Pacific
69. Ms. LYDIA S. ENRILE, Independent Board Member, Vivant Foundation, Inc.
70. Mr. LEE C. LONGA, EVP and CFO, Pru Life U.K.
71. Mr. ROLANDO “Don” J. PAULINO JR., Managing Director and General Manager, Shell Philippines Exploration BV
February 25
72. Mr. EBB HINCHLIFFE, Executive Director, AMCHAM Philippines
February 26
73. Mr. PROTACIO “Ding” C. BANTAYAN JR., Advisor to the Board, ORIX METRO Leasing & Finance Corporation
74. Mr. RENATO “Renan” B. VELONZA, COO, Trends & Technologies, Inc.
February 27
75. Ms. ENUNINA “Nina” V. MANGIO, President, Mawell Chemical Corporation
February 28
76. Mr. JOSE “Jo or Jomag” P. MAGSAYSAY JR., CEO, Cinco Corporation (Potato Corner)
77. Mr. BENJAMIN “Ben” C. ZETA
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