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Meetings & Seminars

News Archive
- 2012
- 2011
- 2010
- 2009

1. Orientation Program for New Directors

Meralco ensures that every director has a practical understanding of business in general, and of Meralco in particular. The Company has an established orientation program for every new director. Contents of this program are discussed in the downloadable file below.

pdf	Orientation Program for New Directors

2. Board Meetings

The Board holds monthly meetings and special Board meetings, if so required, with agenda that include updates by the Chairman of the Board and the Board committees, reports on financial performance by the Chief Finance Officer or CFO, and operational performance by the President and CEO, the Senior Executive Vice President and Chief Operating Officer, or COO, among other major issues of Meralco.

The Board has separate and independent access to the Corporate Secretary, who oversees the adequate flow of information to the Board prior to meetings and advises directors about their duties. The Board has a pre-determined schedule of the Board meetings before the beginning of the year, which is regularly held during the last Mondays of the month. During Board meetings, discussions are open and independent views are given due consideration. Average attendance in the Board’s 12 meetings last year was 91%.

The following table shows the participation of the Board in the AGM, Organizational Meeting and its regular meetings:

		May 29, 2012
Member	Designation	Annual General Meeting	Organizational Meeting	Board Meetings
Manuel V. Pangilinan³	Chairman	Present	Present	10/12
Ramon S. Ang	Vice-Chairman and Director	Present	Present	12/12
Manuel M. Lopez	Director	Present	Present	11/12
Jose Ma. K. Lim⁴	Director	N/A	Present	6/7
Ray C. Espinosa	Director	Present	Present	12/12
Estelito P. Mendoza	Director	Not Present	Not Present	12/12
Artemio V. Panganiban²	Independent Director	Present	Present	12/12
Vicente L. Panlilio	Director	Present	Present	11/12
Eric O. Recto	Director	Present	Present	11/12
Oscar S. Reyes	Director	Present	Present	12/12
Pedro E. Roxas¹	Independent Director	Present	Present	10/12
Napoleon L. Nazareno⁴	Director	Present	N/A	5/5
¹Chairman, Nomination and Governance Committee ²Chairman, Audit and Risk Management Committee ³Chairman, Remuneration and Leadership Development Committee ⁴Mr. Jose Ma. K. Lim was elected on May 29, 2012 vice Mr. Napoleon L. Nazareno

The Board recognizes the importance of and their accountability to a regular performance assessment, individually, as a whole Board, and as part of Committees. Integrated Board and Board Committee Assessments were done to evaluate their specific, overall and committee performance for 2012. This integrated assessment of their 2012 performance was conducted on February 25, 2013.

The Board reviewed the 2012 performance of the President and CEO during the January 28, 2013 Board meeting. It was based on the attainment of target corporate goals for 2012.

3. Board Committee Meetings

Member	2012 Board Committee Meeting Attendance
Member	Nomination and Governance	Audit and Risk Management	Remuneration and Leadership Development	Finance
Manuel M. Lopez	N/A	N/A	N/A	8/10
Ramon S. Ang	N/A	N/A	N/A	N/A
Manuel V. Pangilinan	N/A	N/A	4/4	N/A
Ray C. Espinosa	3/3	N/A	N/A	10/10
Estelito P. Mendoza	1/3	N/A	N/A	N/A
Jose Ma. K. Lim³	1/2	2/3	3/3	N/A
Artemio V. Panganiban¹	N/A	8/8	N/A	N/A
Vicente L. Panlilio	N/A	8/8	N/A	N/A
Eric O. Recto	N/A	7/8	3/4	9/10
Oscar S. Reyes	N/A	N/A	N/A	N/A
Pedro E. Roxas¹	3/3	7/8	4/4	6/10
Ferdinand K. Constantino²	N/A	N/A	N/A	6/10
Anabelle L. Chua²	N/A	6/8	N/A	8/10
Napoleon L. Nazareno³	1/1	4/5	1/1	N/A
¹Independent Director ²Non-Voting Member ³Mr. Jose Ma. K. Lim was elected on May 29, 2012 vice Mr. Napoleon L. Nazareno

4. Seminars

Meralco Directors, Officers and Employees ensure that they are updated on the most recent corporate governance trends and best practices through participating in seminars and trainings.

a. Corporate Governance Seminar of the Board of Directors

Director	Corporate Governance Seminar	Date of Completion	Resource Person
Manuel M. Lopez	Knowledge Institute 6760 Ayala Avenue, Makati City	July 11, 2003	Cecile R. Galvez, Partner
Ramon S. Ang	University of the Philippines LawCenter and San Miguel Corporation	September 25, 2003	Danilo L. Concepcion, Associate Dean and Supervisor (U.P. Law Center)
Estelito P. Mendoza	University of the Philippines Law Center and San Miguel Corporation	September 25, 2003	Danilo L. Concepcion, Associate Dean and Supervisor (U.P. Law Center)
Manuel V. Pangilinan	First Pacific Companies: Navigating the New World of Business	November 19, 2012	Thomas Donaldson The WhartonSchool
	Board Governance Responsibilities: Risks, Culture and Leadership conducted by PLDT's CG education program together with Global Compliance Services, Inc. 13950 Ballantyne Corp Place, Suite 300 Charlotte, NC 28277 USA	December 8, 2011	Mr. Steven John Priest, Senior Advisor, held at First Pacific Company's Board Room, 24^th Floor, Two Exchange Square, Central, Hong Kong
	Governing in a Global Crisis Lessons from the Great Recession PLDT's CG Education Program with Ethics and Compliance Officer Association (ECOA), 11 Waverley Oaks Road ,Suite 324, Waltham, Massachusetts, 02452USA	December 10, 2009	Keith T. Darcy - Executive Director, Ethics and Compliance Officer Association (ECOA) held at the East and West Rooms, Mandarin Oriental Hotel, Connaught Road, Central Hong Kong
	Current Governance Environment in the United States and Ethics and Tone at the Top First Pacific Company Limited, 2 Exchange Square,Connaught Road, Central Hong Kong	December 12, 2008	Suzanne Hopgood, Director - Board Advisory Services National Association of Corporate Directors, WashingtonDC, USA
	Corporate Governance Trends in Asia Philippine Long Distance Telephone Company Ramon Cojuangco Bldg., Makati Ave, Makati City	May 8, 2007	Chee Keong Low, Professor - Chinese University of Hong Kong, Member - Listing Committee, Hong Kong Stock Exchange
Atty. Ray C. Espinosa	First Pacific Companies: Navigating the New World of Business	November 20, 2012	Thomas Donaldson The WhartonSchool
	Board Governance Responsibilities: Risks, Culture and Leadership conducted by PLDT's CG education program together with Global Compliance Services, Inc. 13950 Ballantyne Corp Place, Suite 300 Charlotte, NC 28277 USA	December 8, 2011	Mr. Steven John Priest, Senior Advisor, held at First Pacific Company's Board Room, 24^th Floor, Two Exchange Square, Central, Hong Kong
	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore	December 14, 2010	Marc Ronez, Managing Director of Asia Risk Management Institute (ARiMI)
	Governing in a Global Crisis Lessons from the Great Recession PLDT's CG Education Program with Ethics and Compliance Officer Association (ECOA), 11 Waverley Oaks Road, Suite 324, Waltham, Massachusetts, 02452USA	December 10, 2009	Keith T. Darcy - Executive Director, Ethics and Compliance Officer Association (ECOA) held at the East and West Rooms, Mandarin Oriental Hotel, Connaught Road, Central Hong Kong
	Current Governance Environment in the United States and Ethics and Tone at the Top First Pacific Company Limited, 2 Exchange Square,Connaught Road , Central Hong Kong	December 12, 2008	Suzanne Hopgood, Director - Board Advisory Services National Association of Corporate Directors, WashingtonDC, USA
	Corporate Governance Trends in Asia Philippine Long Distance Telephone Company Ramon Cojuangco Bldg., Makati Ave, Makati City	May 8, 2007	Chee Keong Low, Professor - Chinese University of Hong Kong, Member - Listing Committee, Hong Kong Stock Exchange
Jose Ma. K. Lim	First Pacific Companies: Navigating the New World of Business	November 19, 2012	Thomas Donaldson The WhartonSchool
	Meralco Orientation for New Director	July 20,2012	Meralco Corporate Governance, Human Resources and Regulatory Management Office
	Performance, Principles and People: A Discussion with the PLDT Board of Directors Global Compliance Services Inc., 13950 Ballantyne Corp Place, Suite 300 Charlotte NC 28277 USA	December 8, 2011	Mr. Steven John Priest, Senior Advisor, held at First Pacific Company's Board Room, 24^th Floor, Two Exchange Square,Connaught Road, Central Hong Kong
Oscar S. Reyes	First Pacific Companies: Navigating the New World of Business	November 19, 2012	Thomas Donaldson The WhartonSchool
	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies)	August 10, 2012	Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
	Sun Life Financial Plans Inc.	December 19, 2011	Atty. Richard Funk, Deputy Director - Compliance & Investigation Group, AMLA Council Secretariat
	Board Governance Responsibilities: Risks, Culture and Leadership conducted by PLDT's CG education program together with Global Compliance Services, Inc. 13950 Ballantyne Corp Place, Suite 300 Charlotte, NC 28277 USA	December 8, 2011	Mr. Steven John Priest, Senior Advisor, held at First Pacific Company's Board Room, 24^th Floor, Two Exchange Square, Central, Hong Kong
	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore	December 14, 2010	Mr. Marc Ronez, Managing Director - AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
	Sun Life Financial Plans Inc.	December 3, 2010	Justina C. Callangan Director, Corporate Finance Department, Securities and Exchange Commission
	The Institute of Corporate Directors in cooperation with the Insurance Institute for Asia and the Pacific, MakatiCity	November 10, 2005	Jesus P Estanislao, Chairman, ICD and Melecio C. Mallillin, President, IIAP
	Development Finance Institute, MakatiCity	September 23-24, 2002	Antonio R. Narciso, Executive Director
Ret. Chief Justice Artemio V. Panganiban	First Pacific Companies: Navigating the New World of Business	November 19, 2012	Thomas Donaldson The WhartonSchool
	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability	August 15, 2012	Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
	Board Governance Responsibilities: Risks, Culture and Leadership conducted by PLDT's CG education program together with Global Compliance Services, Inc. 13950 Ballantyne Corp Place, Suite 300 Charlotte, NC 28277 USA	December 8, 2011	Mr. Steven John Priest, Senior Advisor, held at First Pacific Company's Board Room, 24^th Floor, Two Exchange Square, Central, Hong Kong
	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore	December 14, 2010	Mr. Marc Ronez, Managing Director - AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
	Governing in a Global Crisis Lessons from the Great Recession PLDT's CG Education Program with Ethics and Compliance Officer Association (ECOA), 11 Waverley Oaks Road , Suite 324 , Waltham, Massachusetts, 02452USA	December 10, 2009	Keith T. Darcy - Executive Director, Ethics and Compliance Officer Association (ECOA) held at the East and West Rooms, Mandarin Oriental Hotel, Connaught Road , Central Hong Kong
	Basic Course on Corporate Governance Asian Institute of Management (AIM) Amb. Ramon V. del Rosario, Sr. - Corporate Citizenship Initiative, MakatiCity	June 17, 2008	Angela G. Garcia, Executive Director, Ramon V. del Rosario, Sr. -C.V. Starr Center for Corporate Governance Francis G. Estrada, President, Asian Institute of Management
Vicente L. Panlilio	Institute of Corporate Directors, MakatiCity	September 27-28, 2002	Jesus P. Estanislao, President and CEO
Eric O. Recto	Manabat Sanagustin & Co., Certified Public Accountants, EnterpriseTower, MakatiCity	February 27, 2008	Roberto G. Manabat, Chairman and CEO
Pedro E. Roxas	First Pacific Companies: Navigating the New World of Business	November 20, 2012	Thomas Donaldson The WhartonSchool
	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore	December 14, 2010	Mr. Marc Ronez, Managing Director - AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
	Governing in a Global Crisis Lessons from the Great Recession PLDT's CG Education Program with Ethics and Compliance Officer Association (ECOA), 11 Waverley Oaks Road , Suite 324 , Waltham, Massachusetts, 02452USA	December 10, 2009	Keith T. Darcy - Executive Director, Ethics and Compliance Officer Association (ECOA) held at the East and West Rooms, Mandarin Oriental Hotel,Connaught Road, Central Hong Kong
	Current Governance Environment in the United States and Ethics and Tone at the Top First Pacific Company Limited, 2 Exchange Square,Connaught Road, Central Hong Kong	December 12, 2008	Suzanne Hopgood, Director - Board Advisory Services National Association of Corporate Directors, WashingtonDC, USA
	Corporate Governance Trends in Asia Philippine Long Distance Telephone Company Ramon Cojuangco Bldg., Makati Ave., Makati City, Metro Manila, Philippines	May 8, 2007	Chee Keong Low, Professor - Chinese University of Hong Kong, Member - Listing Committee, Hong Kong Stock Exchange
Simeon Ken R. Ferrer (Corporate Secretary)	First Pacific Companies, Navigating the New World of BUsiness	November 19, 2012	Thomas Donaldson The Wharton School
	Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore	December 15, 2010	Mr. Marc Ronez, Managing Director - AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City

b. Corporate Governance Seminar of the Senior Management

Officer	Designation	Date of Completion	Corporate Governance Seminar/ Resource Person
Oscar S. Reyes	President & Chief Executive Officer	See information above at: a . Corporate Governance Seminar of the Board of Directors
Ricardo V. Buencamino	Senior Executive Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		October 12, 2010	Corporate Governance Orientation and Roadshow Meralco Learning and Development/Corporate Governance Office
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
Roberto R. Almazora	Senior Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		November 19 and 22, 2010	Ms. Maria Elena (Maya) Baltazar Herrera, FASP Member, Financial Executives Institute of the Philippines and the Philippine Academy of Management
		October 12, 2010	Corporate Governance Orientation and Roadshow Meralco Learning and Development/Corporate Governance Office
Alfredo S. Panlilio	Senior Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		October 12, 2010	Corporate Governance Orientation and Roadshow Meralco Learning and Development/Corporate Governance Office
Ramon B. Segismundo	Senior Vice President	November 19, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		December 1, 2011	Rex C. Drilon II, President and CEO, Institute of Corporate Directors (ICD)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		October 12, 2010	Corporate Governance Orientation and Roadshow Meralco Learning and Development/Corporate Governance Office
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
Betty C. Siy-Yap	Senior Vice President & Chief Finance Officer	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
		December 1, 2011	Rex C. Drilon II, President and CEO, Institute of Corporate Directors (ICD)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
Rafael L. Andrada	First Vice President & Treasurer	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
Ruben B. Benosa	First Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
Helen T. de Guzman	First Vice President & Comptroller	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		December 2011	Good Governance Advocates of the Philippines (GGAPP)
		July 2011	International Finance Corporation and Institute of Corporate Directors
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI), 9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
Ivanna G. de la Pena	First Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		December 1, 2011	Rex C. Drilon II, President and CEO, Institute of Corporate Directors (ICD)
		December 15, 2010	Board of Directors Fiduciary Duties and Role in Relation to ERM: Best Practices in Dealing with the Agency Dilemma and Setting a Company's Risk Appetite PLDT's CG Education Program with Asia Risk Management Institute (ARiMI),9 Penang Road, #12-01, Park Mall, Singapore Mr. Marc Ronez, Managing Director – AriMI, held at the Marikina and Mandaluyong Rooms, The Lighthouse, 14^th Floor, Lopez Building, MERALCO, Pasig City
		October 12, 2010	Corporate Governance Orientation and Roadshow Meralco Learning and Development/Corporate Governance Office
		January 29-30, 2010	Mr. Francis G. Estrada, a Fellow and Trustee of the Institute of Corporate Directors
William S. Pamintuan¹	First Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
Marthyn S. Cuan	Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 15, 2012	Corporate Governance Asia's First Philippine International CG Forum: Marching Towards Economic Sustainability Aldrin Monsod Corporate Governance Asia New Initiative Media Limited Rm 2301, 23th Floor, World Wide House 19 Des Voeux Road, Central, Hong Kong
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Ethics & Compliance Officer Association (ECOA)
		January 27, 2012	Corporate Governance Orientation for Subsidiaries SMART Corporate Governance Office/Meralco Investment Planning and Monitoring
R. Raymond B. Ravelo	Vice President	November 20, 2012	First Pacific Companies: Navigating the New World of Business Thomas Donaldson The WhartonSchool
		August 10, 2012	Corporate Responsibility in the Changing Global Landscape (with PLDT/MVP Group of Companies) Keith T. Darcy, Executive Director Ethics & Compliance Officer Association (ECOA)
		January 27, 2012	Corporate Governance Orientation for Subsidiaries SMART Corporate Governance Office/Meralco Investment Planning and Monitoring
¹ Effective January 2, 2012

c. Corporate Governance Seminar of the Management and Employees

Bringing God back to the Board Room

Meralco and other PLCs attend a Breakfast Roundtable organized by ICD

Corporate Governance Office (CGO) personnel of different publicly-listed companies (PLCs) attended a breakfast roundtable with the theme: “Bringing God back to the Board Room” on April 25, 2013 at the Manila Golf and Country Club, Forbes Park in Makati City. The speaker is His Eminence Luis Antonio Cardinal Tagle, who discussed the importance of corporate governance founded on biblical principles and standards.

The Institute of Corporate Directors (ICD), which organized the event, is an organization of corporate directors and reputational agents spearheading corporate governance efforts in the Philippines. ICD leads corporate governance orientations, governance scorecard assessments and working sessions, to get directors and management engaged in corporate work, motivated by good governance principles and practices.

Meralco’s Senior Vice President and Head of Human Resources Mr. Ramon B. Segismundo, First Vice President and Head of Corporate Audits Ms. Helen T. de Guzman, Vice President and Deputy Head of CGO Mr. Gerardo F. dela Paz and Corporate Governance Officer Ms. Lilian P. Umipig were in attendance to the breakfast roundtable.

The Discipline of Ethics and Compliance

Meralco and other PLCs attend an Integrity Initiative Forum

Corporate Governance Office (CGO) and HR personnel of different publicly-listed companies (PLCs) attended a forum with the theme: “The Discipline of Ethics and Compliance” on April 23, 2013 at the AIM Conference Center in Makati City. The speakers during the forum were PSE’s Vice President for Governance, Risk and Compliance Atty. Argel Astudillo, SMART’s CGO Head Atty. Elmer D. Nitura, and the Good Governance Advocates and Practitioners of the Philippines (GGAPP) President as well as PLDT’s CG Education Head Atty. Blue Festin.

Atty. Astudillo discussed the importance, regulatory basis and trends of Corporate Compliance Programs and a designated Compliance Officer to manage such. He emphasized that non-compliant corporations, aside from paying monetary penalty, risk their corporate image, credibility to shareholders and other stakeholders, and even the continuity of their business operations locally or internationally.

Atty. Nitura discussed that Corporate Governance, Ethics and Compliance Program is never a destination, but an on-going journey. He discussed PLDT’s unified CG Ethics and Compliance Program, Structure and Process Flow according to the stringent laws and policies enforced by international regulatory agencies governing their group, namely: the NYSE, SEC and PSE. Atty. Nitura stressed that in order for CG policies to have value, they are to be embedded in and supported by the company’s business units.

Atty. Festin’s talk focused on the vision, mission and advocacies of GGAPP. GGAPP is a non-stock, non-profit organization, currently composed of CGO executives and personnel representing 40 Philippine companies from various fields of business and expertise unified by their corporate governance principles and their philosophy that better professionals yield better companies and ultimately, better businesses.

The forum is twelfth in a series of events and workshops organized by Integrity Initiative to promote ethics, integrity, compliance, and good governance, and to continuously educate the private sector in these areas. The Integrity Initiative is a private sector-led campaign organized by the Makati Business Club (MBC), European Chamber of Commerce of the Philippines (ECCP), Management Association of the Philippines (MAP), and American Chamber of Commerce of the Philippines (AMCHAM).

A hundred participants were in attendance to the forum. They were from the government and renowned PLCs like MPIC, PLDT, EDC, SMIC and Meralco.

SEC REFORMS TO STRENGTHEN AN ETHICAL AND COMPETITIVE BUSINESS ENVIRONMENT

CGO and Legal attend an Integrity Initiative Forum

Corporate Governance Office and Legal personnel attended a forum with the theme: “SEC Reforms to Strengthen an Ethical and Competitive Business Environment” on March 5, 2013 at the Hotel Inter-Continental, Makati City. The speaker during the forum was SEC Chairperson Teresita J. Herbosa, who discussed SEC's recent efforts to strengthen the corporate and capital market infrastructure of the Philippines leading to better governance and competitiveness.

The forum is the eleventh in a series of events and workshops organized by Integrity Initiative to promote ethics, integrity, compliance, and good governance, and to continuously educate the private sector in these areas. The Integrity Initiative is a private sector-led campaign organized by the Makati Business Club (MBC) and the European Chamber of Commerce of the Philippines (ECCP).

CG Officer Ms. Lilian P. Umipig and CGO Staff Mr. Harold Enriquez and Ms. Lair Ambrocio attended the event. They were with Legal Staff: Ms. Rose Kinkito, Ms. Namie Manzano and Mr. Paolo Urian.

Meralco joins Institute for Solidarity in Asia's Public Governance Forum

Meralco participated in and became part of the sponsors of the Public Governance Forum held at the Philippine International Convention Center on March 30, 2012. The forum has the theme: "One Spirit, One Advocacy", which showcased the efforts and progress made by the public sector in order to eliminate graft and corruption.

The forum is spearheaded by the Institute for Solidarity in Asia (ISA), a collaborative network of various sectoral leaders, public officials and private citizens committed to governance in the different levels of society. It promotes systemic and comprehensive reforms at the national level and serves as knowledge base for such reforms in East Asia. ISA is headed by former Secretary of Finance, Dr. Jesus P. Estanislao.

One of the speakers at the forum Mr. Guillermo M Luz, Co-chair of the National Competitiveness Council, emphasized the importance of employing metrics to gauge progress and success of the institutions' governance procedures. He also stated that while compliance and self assessment through performance governance system is important, feedback from the public ultimately being served by the public institutions adds a value which cannot be overlooked.

The audience and participants to the forum are public sector leaders, among them were BIR Commissioner Kim Henares, San Fernando Mayor Oscar Rodriguez and PNP Chief Nicanor Bartolome. They reported and clarified questions on their efforts to proceed along the motto "sa daang matuwid, asenso walang patid.”

Meralco took part in the forum as a session sponsor to signify publicly that it is one with ISA in good corporate governance spirit and advocacy. The delegates to the forum were Corporate Governance Staff Harold Enriquez and Lair Ambrocio.

Corporate Governance Forum by GGAPP with MERALCO

Meralco sponsored the forum on ethics, compliance and corporate governance as seen from experiences in the United States and other global companies last Dec. 7, 2011, in keeping with its commitment to uphold corporate governance principles.

The forum was entitled, "Tips and Traps: A Discussion on the Experiences of US and Global Companies in Ethics, Compliance and Corporate Governance” organized by Good Governance Advocates and Practitioners of the Philippines (GGAPP), an organization of corporate governance officers and enthusiasts from different publicly listed companies (PLCs). A hundred directors, management personnel and corporate governance practitioners gathered at the forum, including those from government organizations such as the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE). A large delegation of officers and executives of MERALCO, as well as directors and executives of its subsidiaries were part of those who attended.

Mr. Steve Priest, the founder of Ethical Leadership Group/Global Compliance Services based in New York, USA was the main speaker for the event. Mr. Priest was described by the Wall Street Journal as "one of the most sought consultants to keep companies on the straight and narrow”, and has conducted seminars on business ethics in 40 countries. He speaks before organizations, like the Conference Board, Institute of Internal Auditors, Association of General Counsels and the Ethics and Compliance Officer Association. He has raised awareness of the importance of ethical behavior on television, radio, newspaper and magazines.

Through the forum's discussion on the experience of US and global companies, GGAPP is taking steps to heighten corporate governance awareness and advocacy among directors and management personnel to uphold ethical behavior, good governance culture and stakeholder confidence in the Philippines.

Board Governance Orientation on the Regulatory Process and Related Issues last November 28, 2011.

The Board of Directors participated in a Governance Enhancement course on November 28, 2011, on Regulatory Process and Related Issues on MERALCO's business, as part of its mandate to constantly update itself on evolving structures, legislative framework and regulations of the electric industry. This is part of its strategic planning process which, likewise, enables the members to act pro-actively on the issues and concerns facing the Company.

The orientation was conducted by the Head of MERALCO's Regulatory Management Office, Ms. Ivanna G. dela Peña and the Head of Utility Economics, Mr. Lawrence S. Fernandez.

In the course of its 2010 annual performance evaluation on May 30, 2011, the Nomination and Governance Committee requested the Board Directors to conduct a self assessment including its committees, namely, Nomination and Governance, Compensation and Benefits, Audit and Risk Management, and Finance for their 2010 performances.

In the same meeting, a majority of the members of the Board requested for the conduct of a Governance Enhancement course on the regulatory process and related regulatory issues applicable to MERALCO, as part of their skills and training needs determination.

The Corporate Governance Office was tasked to organize the ensuing event.

8th Annual Corporate Governance Workshop 2011

The Management Association of the Philippines (MAP), together with the Financial Executives Institute of the Philippines and Corporate Governance Institute of the Philippines (CGIP) conducted the 8th Annual Corporate Governance Workshop on June 23, 2011 at the Inter-Continental Manila in Makati City. The theme of the workshop was "MAPping a Culture of Integrity in Business: Corporate Governance Best Practices.”

The workshop aims to instill integrity in Philippine companies. The code of corporate governance, boardroom best practices, communication with minority stakeholders, and enterprise risk management were discussed interactively. These are vital in SEC reporting compliance, improving directors' knowledge and skills, establishing communication channels with minority stakeholders and ultimately, enhancing shareholder value.

Among the speakers were SEC Chair Teresita J. Herbosa, PSE President and CEO Hans Sicat, ICD Fellow Jonathan Juan Moreno, and MAP President Architect Felino A. Palafox, Jr. This event was attended by Meralco's Corporate Governance Deputy Head and Corporate Governance Officer - Gerardo F. dela Paz and Lilian P. Umipig, respectively.

Deputy Head of Corporate Governance speaks at National Electrification Administration - Electric Cooperatives (NEA - EC) Conference and Recognition

Deputy Head of Meralco Corporate Governance and Vice President Gerardo F. dela Paz spoke regarding Corporate Governance and Best Practices in Managing an Electric Utility Business during the 2011 NEA-EC Conference and Recognition held on April 28, 2011 at the Radisson Blu Hotel, Cebu City. The theme of the event was "Power Lives On…Through Competition.”

The event was attended by members of the board, general managers and executives of NEA and the various ECs in the country. The event aimed to strengthen and sustain the ECs' business operations through good governance.

NEA is a government owned and controlled corporation (GOCC) that has the primary responsibility to assist in the operations of Philippine ECs. It provides financial, institutional, and technical services to the ECs and promotes competence enhancement in a deregulated environment aiming towards a strong republic.

GGAPP Organization launched, Induction of Officers held

The Good Governance Advocates and Practitioners of the Philippines (GGAPP) held the launch of their organization and induction of their officers last April 1, 2011 at the Meralco Lighthouse.

The GGAPP has members from both the public and private sector. The GGAPP's inducting officer, SEC Commission Secretary Gerard M. Lukban, introduced Trustee and Chairman Santiago A. Pulido of Alaska Milk Corporation, Trustee and Vice Chairman Jaime P. Villegas of Ayala Corporation, Trustee and President Vincent Edward R. Festin of PLDT, Trustee and Secretary, Lizelle G. Zamora-Dimacuha of Manila Water, and Trustee and Treasurer, Reginald H. Tiu of SM Investments Corporation. Lilian P. Umipig of Meralco and Ma. Jasmine D. Medina-Almogino of Energy Development Corporation are the Assistant Secretary and Assistant Treasurer, respectively. Further GGAPP Trustees are: Charles Gamo of PSALM, Francis A. Palafox of Energia, Inc., Hazel Rose B. See of Meralco and Jose Jesus G. Laurel of MPIC.

The keynote speaker at the event was Ethics and Compliance Officer Association (ECOA) Executive Director, Mr. Keith Darcy, says "(They) still have a lot to do and (they) start with a small step with people gathered for a purpose to paint and build a future for our children.”

GGAPP envisions to establish a national culture that forsakes shortcuts, patronage and corruption and instead rewards diligence, perseverance and integrity.

Corporate Governance and Risk Management Symposium

A symposium on Corporate Governance (CG) with the theme, "Integration of Corporate Governance and Enterprise Risk Management (ERM) for Sustained Best Performance,” was held at the Meralco Lighthouse, Pasig City on December 15, 2010.

The symposium enabled participants to focus on the importance of ERM and CG on crisis management and sustainable growth, as well as of embedding good risk management practices in all parts of an organization. The perspective introduced was identifying risks through the view of one enterprise, a breakaway from working in silos. It was a collective outlook that a sustainable risk diagnostic and management tool to reinforce strategic enterprise decisions should be developed and implemented by Meralco.

Asian Risk Management Institute managing director Marc Ronez was the resource speaker. He is a well-known expert on Enterprise, Strategic and Operational Risk Management and has helped many organizations from various industry sectors to implement ERM frameworks, optimize the way they manage risks and prepare to manage various types of crisis and business interruptions successfully.

The event was attended by the Senior Management of the Company, executives and heads of subsidiaries and affiliates.

Corporate Governance Roadshow and Orientation

The Company ensures that knowledge on corporate governance principles and best practices are cascaded to its officers and employees. A company-wide orientation on Corporate Governance and the Revised Code of Ethics was conducted last October 12 to November 26, 2010. This training was also integrated into the orientation program for new employees of the Company.

2010 Working Sessions with the Institute of Corporate Directors

The Institute of Corporate Directors (ICD) spearheaded the 2010 Corporate Governance Working Session at Sea Wind Resort, Boracay Island, Aklan on November 18-20, 2010. The theme of the session was "Addressing CG Expectations and Realities: Making Best Practices Work.” This event was attended by Meralco's Corporate Governance Deputy Head, Gerardo F. dela Paz.

Palladium and Institute for Solidarity in Asia (ISA) on Strategy Execution and Governance

The Palladium Group - Asia Pacific partnered with the Institute for Solidarity in Asia (ISA) in conducting a seminar at Sofitel Philippine Plaza on September 22-23, 2010. Dr. Matthew Tice, Managing Director of the Palladium Group - Asia Pacific, steered the discussion on the significant function for a company's longevity and dynamism, strategy execution and governance. Present on this seminar were Meralco's Corporate Planning Head, Corporate Governance Deputy Head and Corporate Governance Officer - Charina P. Padua, Gerardo F. dela Paz, and Lilian P. Umipig.

Institute of Corporate Directors holds Orientation on Corporate Governance

The Institute of Corporate Directors (ICD) held an Orientation Course on Corporate Governance on September 1-2, 2010 at the Manila Peninsula Conservatory, Makati City, Philippines. This event was attended by Meralco's Corporate Secretary, Corporate Governance Deputy Head and Corporate Governance Officer - Simeon Ken R. Ferrer, Gerardo F. dela Paz and Lilian P. Umipig.

Public Service 2.0: From e-Government to e-Governance

The Chief Information Officers Forum (CIOF), in partnership with the Commission on Information and Communications Technology, CIOF Foundation, Inc., and E-Governance for Efficiency and Effectiveness Project (E3) directed the event entitled, Public Service 2.0: From e-Government to e-Governance on June 23, 2010 at the Hotel Intercontinental Manila. This event was attended by Meralco's Corporate Governance Officer and Regulatory Officer.

d. Corporate Governance Seminar of Meralco Subsidiaries

Corporate Governance Orientation for Directors of MERALCO Subsidiaries conducted

A Corporate Governance Orientation for Directors of Meralco Subsidiaries was held at the Meralco Lighthouse on January 27, 2012, where 35 Meralco-assigned directors participated, led by SMART Corporate Governance Office (CGO) Head Atty. Elmer Nitura and SMART CGO Deputy Head Atty. Archilo Matugas.

The orientation provided a basic overview of Corporate Governance and the role of Corporate Directors, showing the link between corporate governance and company performance. The orientation concluded with Meralco Corporate Governance Officer Lilian Umipig presenting the company's corporate governance structure.

Meralco promotes awareness and advocacy among the directors of subsidiaries, to uphold a culture of good governance and unwavering stakeholder confidence.

Corporate Governance Forum by GGAPP with MERALCO

The forum was entitled, “Tips and Traps: A Discussion on the Experiences of US and Global Companies in Ethics, Compliance and Corporate Governance” organized by Good Governance Advocates and Practitioners of the Philippines (GGAPP), an organization of corporate governance officers and enthusiasts from different publicly listed companies (PLCs). A hundred directors, management personnel and corporate governance practitioners gathered at the forum, including those from government organizations such as the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE). A large delegation of officers and executives of MERALCO, as well as directors and executives of its subsidiaries were part of those who attended.

like the Conference Board, Institute of Internal Auditors, Association of General Counsels and the Ethics and Compliance Officer Association. He has raised awareness of the importance of ethical behavior on television, radio, newspaper and magazines.

Risk Awareness Seminar held

A seminar on risk awareness was held at the Meralco Lighthouse, Pasig City on November 19 and 22, 2010.

The speaker, Ms. Maria Elena (Maya) Baltazar Herrera, FASP emphasized to the subsidiaries of Meralco the importance of developing an integrated Enterprise Risk Management (ERM) framework, structure and tools.

Ms. Herrera is a member of the Financial Executives Institute of the Philippines, the Philippine Academy of Management and the International Actuarial Association. She is also an Associate Professor at the Asian Institute of Management (AIM) where she focuses on executive education. She teaches finance, risk management, corporate valuation, leadership and human resources management. She is program director of AIM's Strategic Finance, Finance for Senior Executives and Enterprise-Wide Risk Management Programs.

The event was attended by the executives and heads of Meralco's subsidiaries, including the heads of CIS Bayad Center, Inc. (CBCI), Meralco Energy, Inc. (MEI), Meralco Industrial Engineering Services Corp. (MIESCOR), Clark Electric Distribution Corporation (CEDC), e-Meralco Ventures, Inc. (e-MVI), Meralco Financial Services Corporation (FINSERVE), Republic Surety And Insurance Company, Inc. (RSIC), General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI) , Indra Philippines, Inc., and Miescor Builders, Inc. (MBI) – Manuel Tuason, Jesus P. Francisco, Martin L. Lopez, Monico V. Jacob, Pedro P. Benedicto, Jr., Waldo A. Darvin, Jose T. Guingona and Roberto R. Almazora, respectively. Also present were Meralco's Chief Finance Officer, Comptroller, Corporate Governance Deputy Head, Corporate Governance Officer, Investment Planning Head and Investment Monitoring Head – Betty C. Siy-Yap, Helen T. de Guzman, Gerardo F. dela Paz, Lilian P. Umipig, Wendel A. Mediarito and Aristotle T. Lumague.

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2011 Annual Report