PSE Board, led by Pardo, Monzon, gets fresh mandate for growth
Jose T. Pardo (left) and Ramon S. Monzon (right)
The Philippine Stock Exchange, Inc. (PSE) has re-elected the company’s board of directors at its annual stockholders’ meeting on Saturday, July 12, ensuring the continuity of ongoing reforms and initiatives aimed at attracting more listings and enhancing capital market liquidity.
The re-election provides a fresh mandate for the 15-member PSE Board, which includes a president-director, no more than five broker directors, at least five independent directors, and at least four directors representing the interests of issuers, investors, and other market participants.
Jose T. Pardo was re-elected as Chairman, and Ramon S. Monzon was re-elected as President and Chief Executive Officer.
Pardo said that the renewed mandate would “ensure continuity in the reforms and initiatives we have started pursuing to attract more listings and introduce new products and services that will enhance liquidity in the capital market.”
The re-elected independent directors include former Chief Justice Teresita Leonardo-De Castro, Peter B. Favila, Andrew Jerome T. Gan, and Vicente L. Panlilio. Broker directors Diosdado M. Arroyo, Eddie T. Gobing, Anthony M. Te, Wilson L. Sy, and Ma. Vivian Yuchengco were also given new terms.
Re-elected as sectoral directors were Marilyn Victorio-Aquino, representing issuers; Ferdinand K. Constantino and Jose Arnulfo A. Veloso, representing investors; and Edgardo G. Lacson, representing other market participants.
Pardo added that the Board would “remain steadfast in providing guidance and oversight in establishing clear policies and direction for the Exchange, including the integration of the PSE and the Philippine Dealing System Holdings Corp., which offers significant opportunities for the development of the local capital market.”
The members of the Board of Directors are elected for a one-year term.