here - Ayala

Globe 2012 annual report
corporate governance
Romeo L. Bernardo.
Mr. Bernardo, 58, Filipino, has served as Director since
September 2001. He is Managing Director of Lazaro
Bernardo Tiu and Associates (LBT), a financial advisory firm
based in Manila. He is also a GlobalSource economist in
the Philippines. He is Chairman of ALFM Family of Funds
and Philippine Stock Index Fund. He is likewise a director
of several companies and organizations including Aboitiz
Power, BPI, RFM Corporation, Philippine Investment
Management, Inc. (PHINMA), Philippine Institute for
Development Studies (PIDS), BPI-Philam Life Assurance
Corporation, National Reinsurance Corporation of the
Philippines and Institute for Development and Econometric
Analysis. He previously served as Undersecretary of
Finance and as Alternate Executive Director of the Asian
Development Bank. He was an Advisor of the World Bank
and the IMF (Washington D.C.). Mr. Bernardo holds a
degree in Bachelor of Science in Business Economics
from the University of the Philippines (magna cum laude)
and a Masters Degree in Development Economics at
Williams College from Williams College in Williamstown,
Massachusetts.
Guillermo D. Luchangco.
Mr. Luchangco, 73, Filipino, has served as Independent
Director since September 2001. He is also Chairman and
Chief Executive Officer of various companies of the ICCP
Group, including Investment & Capital Corporation of the
Philippines, Science Park of the Philippines, Inc., Cebu
Light Industrial Park, Inc., Pueblo de Oro Development
Corp., Regatta Properties, Inc, and RFM-Science Park
of the Philippines, Inc.; ICCP Venture Partners, Inc. and
Manila Exposition Complex, Inc.; Chairman and President
of Beacon Property Ventures, Inc.; Independent Director of
Phinma Corporation, Phinma Property Holdings Corp. and
Roxas & Co., Inc.; and a regular Director of Ionics, Inc. and
Ionics EMS, Inc.
Xavier P. Loinaz Manuel A. Pacis Romeo L. Bernardo Tay Soo Meng Delfin L. Lazaro Guillermo D. Luchangco
Delfin L. Lazaro.
Mr. Lazaro, 66, Filipino, has served as Director since January
1997. He is a member of the Management Committee of
Ayala Corporation. His other significant positions include:
Chairman of Philwater Holdings Company, Inc., Atlas
Fertilizer & Chemicals Inc., Chairman and President of
Michigan Power, Inc., and A.C.S.T. Business Holdings, Inc.;
Chairman of Azalea Intl. Venture Partners, Ltd.; Director of
Ayala Land, Inc., Integrated Micro-Electronics, Inc., Manila
Water Co., Inc., Ayala DBS Holdings, Inc., AYC Holdings,
Ltd., Ayala International Holdings, Ltd., Bestfull Holdings
Limited, AG Holdings, AI North America, Inc., Probe
Productions, Inc. and Empire Insurance Company; and
Trustee of Insular Life Assurance Co., Ltd. He was named
Management Man of the Year 1999 by the Management
Association of the Philippines for his contribution to the
conceptualization and implementation of the Philippine
Energy Development Plan and to the passage of the law
creating the Department of Energy. He was also cited
for stabilizing the power situation that helped the country
achieve successive high growth levels up to the Asian crisis
in 1997.
Tay Soo Meng.
Mr. Tay, 63, Singaporean, was elected as Director on
8 February 2011. Mr. Tay has been the Executive Vice
President for Networks of Singapore Telecommunications
Limited (SingTel) since 1 September 2010. Prior to this,
he was with Optus Networks as Managing Director since
July 2008 and was responsible for driving the technology,
engineering and operation of Optus’ fixed, satellite, IP and
mobile networks to meet strategic and operational needs.
Mr. Tay was also the Vice President of Network Operations
for SingTel, overseeing SingTel’s Network Operation for two
years – including Local, International and Mobile Switch
Management Operations, Satellite Operations, Submarine
Cables Management and Restoration, Field Operations,
Outside Plant Operations, SingTel Group Operations,
Business Operations and Network Operation centre.
Before this assignment, Mr. Tay was Vice President of
Mobile Networks for SingTel. Mr. Tay has over 40 years of
global telecommunication experience and was responsible
for setting up paging and cellular networks for SingTel’s
overseas joint ventures. He was the GSM Association’s Asia
Pacific Chairman in 1997 and was responsible for looking
after the interests of GSM operators in the Asia Pacific
region. Mr. Tay holds an MBA degree from the University of
Leicester (England).
Xavier P. Loinaz.
Mr. Loinaz, 69, Filipino, has served as Independent Director
since April 2009. He was formerly the President of the
Bank of the Philippine Islands (BPI). He currently holds
the following positions: Independent Director of BPI, BPI
Capital Corporation, BPI Direct Savings Bank, Inc., BPI/
MS Insurance Corporation, BPI Family Savings Bank, Inc.
and Ayala Corporation; Member of the Board of Trustees
of BPI Foundation, Inc. and E. Zobel Foundation; and
Chairman of the Board of Directors of Alay Kapwa Kilusan
Pangkalusugan.
Manuel A. Pacis.
Mr. Pacis, 68, Filipino, has served as Independent Director
since April 2011. He was formerly a Vice President
for Finance of the Procter & Gamble Company (P&G)
in Cincinnati, Ohio. He held positions of increasing
responsibility in the Philippines, the US, Mexico, China,
and Japan including Chief Financial Officer of P&G Asia,
and a Global Business Unit (GBU). He also served as Vice
President for Internal Controls Worldwide and Financial
Systems Worldwide at P&G. His wide-ranging experiences
throughout his business career have included leadership
roles in corporate governance, strategic planning, internal
audit, management systems / IT, M&A, joint ventures, and
finance & accounting.
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