EDC PR 2016 (CorpGov section)

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OSCAR M. LOPEZ Mr. Lopez, 86, Filipino, is the Chairman Emeritus of the Lopez Holdings Corporation (formerly Benpres Holdings Corporation), the holding company for major investments in broadcast, telecoms and cable, power generation and distribution; First Philippine Holdings Corporation (FPH), the specific associate holding company for power generation and distribution, property and manufacturing; and Energy Development Corporation, the subsidiary for renewable power generation. He has been a member of the EDC Board of Directors since the Company’s full privatization in 2007. Mr Lopez has been granted permanent exemption from the Annual CG Seminar requirement by the Securities and Exchange Commission. Mr. Lopez is one of the most respected and admired business leaders in Asia. He was Management Association of the Philippines’ Management Man of the Year in 2000 and one of the top 20 finalists for CNBC and TNT International’s Asia Business Leader Awards in 2004. He was the first Filipino businessman to be awarded the most prestigious Officer’s Cross of the Order of Merit of the Federal Republic of Germany in 2005. He was a recipient of The Outstanding Filipino (TOFIL) Award in the field of Business for the year 2009. Named by Forbes Magazine as among the “Heroes of Philanthropy” in Asia, he is involved in several social and environmental concerns, among them the Eugenio Lopez Foundation, Lopez Group Foundation.In 2006, he was honored in Monaco with the IMD-Lombard Odier Hentsch Distinguished Family Award for “an outstanding commitment on philanthropy for the family’s achievement in excellence such as the clarity and sustainability of their social endeavors, exemplary corporate governance, a focus on family values, and the involvement of multiple generations.” He was conferred Honorary Degree Doctor of Laws, honoris causa by the Philippine Women’s University in April 2009; conferred Honorary Degree of Humanities, honoris causa by De La Salle University in Oct. 2010 and by the Ateneo de Manila University in Nov. 2010. He was the 2011 Ramon del Rosario, Sr. Awardee for Nation Building. He was conferred Honorary Degree of Doctor of Laws, honoris causa by the University of the Philippines in March 2012. Mr. Lopez was born on April 19, 1930. Has a Master’s degree in Public Administration from the Littauer School of Public Administration in Harvard University (1955), where he also earned his Bachelor of Arts degree, cum laude (1951). FEDERICO R. LOPEZ Mr. Lopez, 55, Filipino, is Chairman and Chief Executive Officer of Energy Development Corporation (EDC), First Philippine Holdings Corporation (FPH) and First Gen Corporation (First Gen). EDC and First Gen are publicly listed power generation companies that are into clean and indigenous energy. He is currently the Vice Chairman of Rockwell Land Corporation and also sits on the board of ABS-CBN Corporation, the Philippines’ leading information and entertainment multimedia conglomerate. A staunch environmentalist, he is the Chairman of the Sikat Solar Car Challenge Society and is a member of the Board of Trustees of World Wildlife Fund Philippines (WWF- Philippines) and Philippine Tropical Forest Conservation Foundation. Mr. Lopez is a member of the Asia Business Council, World Presidents Organization, ASEAN Business Club, Management Association of the Philippines, Philippine Chamber of Commerce and Industry, European Chamber of Commerce of the Philippines and Makati Business Club. Mr. Federico R. Lopez is a graduate of the University of Pennsylvania with a Bachelor of Arts degree in Economics and International Relations, cum laude (1983). 2016 Training • Leaders Assembly 2016 • Corporate Governance RICHARD B. TANTOCO Mr. Tantoco, 50, Filipino, is the President and Chief Operating Officer (COO) of EDC and has been a Director of the Company since November 2007. He is also a Director and Executive Vice President of First Gen Corp., First Gen Luzon Power Corp., First Gen Hydro Power Corp., First Gen Geothermal Power Corporation, First Gen Visayas Hydro Power Corporation, First Gen Mindanao Hydro Power Corporation, First Gen Energy Solutions, Inc., First Gen Premier Energy Corp., Red Vulcan Holdings Corp., First Gen Visayas Energy, Inc., First Gen Prime Energy Corporation, First Gen Renewables, Inc., Blue Vulcan Holdings Corp., Northern Terracotta Power Corp., Prime Meridian Powergen Corporation, OneCore Holdings, Inc., DualCore Holdings, Inc., GoldSilk Holdings Corp., First Gas Holdings Corporation, First Gas Power Corporation, FGP Corp., First Gas Pipeline Corp., First NatGas Power Corp., AlliedGen Power Corporation and FGLand Corp; and Executive Vice President of First Gen Bukidnon Power Corporation, Unified Holdings Corp., First Gen Northern Energy Corp., and First Philippine Holdings. He is currently the President and Trustee of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation, Inc. He has been a Director of the International Geothermal Association since 2010. He worked previously with management consulting firm Booz, Allen and Hamilton, Inc. in New York and London where he specialized in mergers and acquisition advisory, turnaround strategy advisory, and growth strategy formulation for media and manufacturing companies. Mr. Tantoco has an MBA in Finance from the Wharton School of Business of the University of Pennsylvania (1993) and a Bachelor of Science degree in Business Management from the Ateneo de Manila University where he graduated with honors (1988). 2016 Trainings • Blade Geothermal Well Casing Failure Workshop • Leaders Assembly 2016 • Corporate Governance Joaquin E. Quintos IV Mr. Quintos, 57, Filipino, joined EDC as a Director last November 2015. He is currently Senior Vice President of First Philippine Holdings. He is currently a member of the board of Philippine American Life and General Insurance Company, iPeople, Skycable, STI Education Services, Vicsal Investment, and AB Capital Investment. He is also currently the Vice Chairman of the Credit Information Corporation, the national credit registry of the Philippines. He is currently a board trustee of the Foundation for Adolescent Development, and Knowledge Channel Foundation and was formerly the Chairman of Operation Smile Philippines. Prior to joining First Philippine Holdings, Mr. Quintos was President and CEO of Prople Limited and was the Chairman and Country General Manager of IBM Philippines Inc. He also headed all of IBM’s wholly owned subsidiaries in the Philippines. He was President and CEO of IBM Daksh Philippines Inc., Chairman 129 I Energy Development Corporation Performance Report 2016
of IBM Solutions Delivery Inc., and Chairman of IBM Business Services Inc. IBM’s BPO operating subsidiaries, IBM Daksh and IBM Business Services, were set-up during his tenure. He was formerly the Chairman of the ICT Panel of the Joint Congressional Committee on Science and Technology of the Republic of the Philippines. He was previously the Chairman of De La Salle University Manila and the Co-Chairman of the De La Salle Philippines board which oversees the unified administration of the network of 17 La Sallian institutions in the Philippines. Mr. Quintos is a graduate of the University of the Philippines with a Bachelor of Science degree in Industrial Engineering, cum laude. 2016 Training • Leaders Assembly 2016 • Corporate Governance FRANCIS GILES B. PUNO Mr. Puno, 52, Filipino, has been a Director of EDC since November 2007. He is the President and Chief Operating Officer (COO) of First Gen Corp., First Gen Renewables Inc, FG Bukidnon Power Corp., First Gen Energy Solutions, Inc., Red Vulcan Holdings Corp., First Gen Luzon Power Corp., First Gen Geothermal Power Corp., First Gen Northern Energy Corp., First Gen Visayas Hydro Power Corp, First Gen Mindanao Hydro Power Corp., First Gas Holdings Corp., First Gas Power Corp., FGP Corp., Unified Holdings Corp., First Gas Pipeline Corp., First NatGas Power Corp., and FGLand Corp. He is also the Executive Vice President and Chief Financial Officer (CFO) of First Philippine Holdings Corp., and sits in the board of First Gen Hydro Power Corporation, He worked previously with the Global Power and Environmental Group of The Chase Manhattan Bank in Singapore and Hong Kong where he originated and executed financial advisory and debt arrangement mandates for power and water projects in Asia. Mr. Puno has a Master of Management degree from the Kellogg Graduate School of Management of Northwestern University (1990) and a Bachelor of Science degree in Business Management from the Ateneo de Manila University (1985). 2016 Training • Corporate Governance ERNESTO B. PANTANGCO Mr. Pantangco, 66, Filipino, has been a Director of EDC since November 2007 and is also the Company’s Executive Vice President (EVP). He is an EVP of First Gen Corp., and President and CEO of FPPC and BPPC. He also sits in the boards of FG Luzon, GCGI, EWEHI, FG Bukidnon, FGHPC, First Gen Geothermal Power Corp., First Gen Visayas Hydro Power Corp., and First Gen Mindanao Hydro Power Corp. He is President of FGHPC and First Gen Northern Energy Corp., and Executive Vice President of First Gen Geothermal Power Corp., First Gen Visayas Hydro Power Corp., First Gen Mindanao Hydro Power Corp., FGLuzon, and Red Vulcan. He was the President of the Philippine Independent Power Producers Association (PIPPA) for the last eleven (11) years and currently re-elected as a Director. He is also Vice-Chairman of the National Renewable Energy Board (NREB) and was recently asked to be Chairman of MAP Committee on Energy. Mr. Pantangco has a Bachelor of Science in Mechanical Engineering degree from the De La Salle University (1973) and Master of Business Administration degree from the Asian Institute of Management, dean’s list (1976). He is a registered mechanical engineer and placed 6th in the 1973 board exams. 2016 Trainings • Leaders Assembly 2016 • Introduction to Fraud Awareness • ANC’s Asian Innovation and Entrepreneurship Forum: Richard Branson • Corporate Governance JONATHAN C. RUSSELL Mr. Russell, 52, British, has been a Director of EDC since November 2007. He is also an Executive Vice President of First Gen Corp. and Director of GCGI. He was previously Vice President of Generation Ventures Associates (GVA), an international developer of independent power projects based in Boston, USA, responsible for the development of 1,720 MW of IPP projects in Asia. Prior to joining GVA, he worked for BG plc based in London and Boston, responsible for the development of power and natural gas distribution projects. Mr. Russell has an MBA with Distinction in International Business & Export Management from the City University Business School, London, England (1989) and a Bachelor of Science with Honours in Chemical & Administrative Sciences from the City University, London, England (1987). 2016 Training • Corporate Governance PETER D. GARRUCHO, JR. Mr. Garrucho, 72, Filipino, has been a Director of EDC since November 2007. Until January 2008, he served as Managing Director for Energy of FPHC and as Vice Chairman and CEO of First Gen Corp. where he continues to be a Director. He also sits in subsidiaries of these corporations including the First Gas Holdings Group of companies (First Gas Power, FGPCorp, Unified Holdings, First Gen Hydro Corp., FG Bukidnon Power Corp., First Gen Energy Solutions, Inc., Red Vulcan Holdings Corp., Prime Terracota Holdings Corp., First Philippine Industrial Corp. and First Balfour Corp. At present, he is also Vice Chairman of Franklin Baker Corp. where he has a significant shareholding and Chairman of Strategic Equities Corp., as a majority stockholder. He served in the government as Secretary of the Department of Tourism and the Department of Trade and Industry during the administration of President Corazon C. Aquino. He was also Executive Secretary and Presidential Adviser on Energy Affairs under President Fidel V. Ramos. In 2000, he was given the award of an Honorary Officer of the Order of the British Empire by Her Majesty, Queen Elizabeth II. Mr. Garrucho earned his Master in Business Administration degree from Stanford University (1971) and his AB-BSBA degree from the De La Salle University (1966). 2016 Training • Corporate Governance ANA MARIA A. KATIGBAK– LIM Corporate Secretary Atty. Katigbak–Lim, 47, Filipino, was first appointed by the Board in January 2007 as Assistant Corporate Secretary, and was recently appointed as Corporate Secretary on September 7, 2016. She is a senior partner of the Castillo Laman Tan Pantaleon & San Jose Law Firm. Atty. Katigbak graduated cum laude from the University of the Philippines with a Bachelor of Science degree. She is a graduate of the University of the Philippines College of Law (1994) and a member of the Phi Kappa Phi international honor society. Her practice areas are corporate law, securities and litigation. She was admitted to the Philippine Bar in 1995. 2016 Training • Corporate Governance Bernadette Ann Villa Policarpio Assistant Corporate Secretary Ms. Policarpio, 41, Filipino, was appointed Assistant Corporate Secretary of EDC on September 7, 2016. She is also the Corporate Secretary of Bac-Man Geothermal, Inc., Green Core Geothermal, Inc., and several other domestic subsidiaries of EDC. Beth is also Assistant Vice President and Senior Counsel at First Gen Corporation (FG). She joined EDC in August 2015, when she was seconded from FG to head the Legal Services
Page 1 and 2: OUR CORPORATE GOVERNANCE Values-Dri
Page 3 and 4: Lastly, the Enterprise Risk Managem
Page 5 and 6: • Policy on Mergers, Acquisitions
Page 7 and 8: The following tables show the votin
Page 9 and 10: In 2016, EDC’s customer appreciat
Page 11 and 12: service to the community. To improv
Page 13 and 14: Aside from the Code of Conduct and
Page 15 and 16: Name of director Direct Shareholdin
Page 17 and 18: Number of EDC Shares Name of direct
Page 19 and 20: from the powers and responsibilitie
Page 21 and 22: BOARD COMMITTEES’ FUNCTIONS AND A
Page 23 and 24: The Operations Committee deliberate
Page 25 and 26: Below is the total remuneration rec
Page 27 and 28: Board of Directors Oscar M. Lopez F
Page 29: Board of Directors Bernadette Ann V
Page 33 and 34: Key Executives FEDERICO R. LOPEZ Ch
Page 35 and 36: Key Executives MARK D. HABANA Head
Page 37 and 38: MANUEL C. PAETE Vice President, Hea
Page 39 and 40: Memberships A Association of Safety

EDC PR 2016 (CorpGov section)

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