• 16 Dec 2017 4:32 PM | Anonymous

    The UP Junior Finance Association (UPJFA), a SharePHIL sponsored school organization, held its annual Intercollegiate Valuation and Strategies Competition (INVST) on 16 December 2017 at Shakeys, Magallanes, Makati City.

    The UPJFA INVST competition pits teams from various schools to determine which one can best present a valuation pitch for a specific listed stock. The competition simulates an investment consulting group pitching to a panel of investment managers. The judges were composed of noted investment professionals such as Dante Tinga, Jr. BDO Nomura Research Head, Giovanna Vera, Investor Relations Head of Shakey's, Peter Chua, CFA VP-Academic Relations and Prof. Ben Teehankee, Research Committee Chair of SharePHIL.

    For this year's event, teams prepared valuation studies on the share price for Shakey's Pizza Asia Ventures, Inc. (PIZZA) and presented recommendations on its prospect as an investment. The panelists grilled the student competitors on their application of models for valuing share price and the appropriateness of their analysis based on finacial, operational and market data. As a representative of SharePHIL, Prof. Teehankee focused on the prospects for PIZZA for retail investors, the company's ability to consider the rights of minority shareholders and the quality of the company's corporate governance. The students gamely responded to these questions although they admitted that this was the first time they were asked such questions. The organizers expressed appreciation to SharePHIL for bringing these considerations into their consciousness. They committed to include these in their training seminars for future competitions.

    The winning team was INVST the grams composed of Ava Lee, Justin Gregorio and Demi Laygo from the University of the Philippines.

    -- by Benito L. Teehankee

    More photos: Click here

  • 16 Oct 2017 11:30 AM | Anonymous

    SharePHIL held its Annual General Membership Meeting (AGMM) on 16 October 2017 from 11:30am to 2:00pm at the Tosca Ballroom, Dusit Thani Hotel.

    The new PSE President and CEO, Mr. Ramon Monzon was invited to talk about his "Vision for the PSE". During the question and answer portion, SEC Commissioner Mr. Ephyro Amatong, one of the guests, was invited to join Mr. Monzon on stage for an open discussion. 

    ShrarePHIL President Francis Lim and several media people wrote articles on Mr. Monzon's presentation:

    SharePHIL members witnessed the signing of a MOA between SharePHIL and the University of the Philippines Junior Finance Association (UPJFA). UPJFA, represented by its CEO Lowell Tiu and Chief Marketing Officer Stanly Chan, was given a check worth P300,000 to be used in UPJFA's various activities for the year.
    New members were inducted during the AGMM and were warmly welcomed by fellow SharePHIL members. They are:
    1. Maria Luisa M. Banta - Executive Assistant to the EVP-CFO/Governance Assistant
    2. Ferdinand Cavalida – Medical Officer III, Quezon City Health Department
    3. Herbert M. Consunji – Executive Vice President & CFO, DMCI Holdings, Inc.
    4. Ma. Rowena L. Dimaano - Senior Assistant Vice President, Investor Relations & Corporate Planning, BDO Unibank, Inc.
    5. Bede Lovell S. Gomez - CEO/Vice Chairman, Verzontal Builders, Inc.
    6. Fredieric B. Landicho - Managing Partner & CEO, Navarro Amper & Co.
    7. Wellington Palmero- Chief Risk Compliance and Governance Officer, SMIC
    8. Luis S. Reyes Jr. – Group Head, Investor Relations & Corporate Planning, BDO Unibank, Inc.
    Lowell Tiu and Stanly Chan of UPJFA were also inducted as "Learners" under the Learnership Program. This is a new program of the Education Committee where college students are invited to become members to learn from SharePHIL meetings and activities as well as from other SharePHIL members on how to become responsible shareholders.

    View photos: Click here
  • 31 Aug 2017 11:30 AM | Anonymous

    SharePHIL held its 4th Annual Summit on August 31, 2017, 11:30am - 4:00pm at the Mayuree Ballroom, Dusit Thani Hotel. We were honored to have the Zobel brothers, Jaime Augusto and Fernando as guest speakers. ICD Chairman Francis Estrada and MPIC President and CEO Jose Maria K. Lim were invited as reactors/panelists. The discussion was moderated by Cathy Yang, anchor and managing editor of ABS-CBN News Channel. The emcee for the occasion was Atty. Lorna Kapunan.

    The event was very well attended with over 340 participants consisting of corporate sponsors, SharePHIL members, members of partner organizations (MAP, FINEX and ICD), 92 students from Assumption, UE Caloocan, UE Manila, Miriam College, CEU Makati, DLSU and Ateneo, academe, guests and friends from the media.

    Congratulations to the Summit Committee Chairman Mon Fernandez, Vice-Chairs Cora De La Paz-Bernardo and Tammy Lipana and committee members Evelyn Singson, Francis Lim, Jimmy Ysmael, Boots Garcia and the SharePHIL Secretariat.

    Photos of the summit are now uploaded in the SharePHIL website, please CLICK HERE to view. To view photos on Facebook please CLICK HERE.  To watch the full video coverage (parts 1 to 4) visit the website gallery CLICK HERE.

    News articles were written about the SharePHIL Summit 2017. Doris Dumlao of Philippine Daily Inquirer summarized the speeches of both JAZA and Fernando CLICK HERE. Philippine Star's Iris Gonzales wrote notable excerpts from their speeches CLICK HERE. Rose Fres Fausto of also wrote an article on the answers of the Zobel brothers to the question she raised to them which was "If you were president, what will be the top three things that you will do to get your dream Philippines?" CLICK HERE. Entrepreneur PH's Lorenzo Subido also took on this topic in his article CLICK HERE.

  • 01 Jun 2017 12:00 PM | Anonymous

    SharePHIL held its 3rd General Membership Meeting (GMM) on June 1, 2017, Thursday, 12 noon at the Sarika Ballroom, Dusit Thani Hotel.

    SharePHIL invited Mr. Dioscoro "Roy" Ramos, Independent Director of BDO Unibank, Inc. to give his insights on how our economy is doing compared to other countries in the region and how it is affected by global and domestic situations. The prospects remain positive amidst headwinds and uncertainties. Roy also shared some of his ideas on ways to improve the country's income. Please click here to view his presentation. SharePHIL Trustees Ed Francisco and Dino Bate participated in the open discussion as panelists.

    SharePHIL Vice President Alfredo "Fred" Parungao, Chairman of the Shareholders' Relations and Representation Committee (SRRC) presented the report on the "Observations on the Conduct of 2016 Annual Shareholder Meetings in Select Publicly-Listed Corporations". VP Fred explained that with SharePHIL’s efforts to strengthen the country’s corporate governance practices, particularly in the conduct of shareholder meetings, it is hoped that trust and confidence in capital markets will increase. 

    We welcome new SharePHIL members who were inducted during the GMM:

    • Edgardo C. Amistad
    • Dioscoro "Roy" I. Ramos
    • Amb. Ana Ines de Sequera-Ugarte
    • Jose Luis U. Yulo

    PHOTOS: click here

  • 21 Mar 2017 1:00 PM | Anonymous

    SharePHIL held its 2nd GMM for the year on 21 Mar 2017 at the Sarika Ballroom, Dusit Thani Hotel.

    Gilberto "Gibo" Teodoro, Independent Director of BDO. was the main speaker with panelists Francisco "Popoy" Del Rosario, Jr (Independent Director of Metrobank) and Ephyro Luis B. Amatong, Jr (SEC Commissioner).

    A MOA with the University of the East was signed during the GMM. UE was represented by Ester Garcia, President and Atty. John Sarte.

    New SharePHIL members inducted were Mr. Teodoro Sazon and Mr. Jose Tayag, Jr.

  • 19 Jan 2017 12:00 PM | Anonymous

    SharePHIL's first GMM for the year was held on 19 Jan 2017 at the Tosca Ballroom, Dusit Thani Hotel. 

    SharePHIL invited SSS President and CEO Emmanuel F. Dooc to talk on the topic "Institutional Investors as Minority Shareholders in Publicly Listed Companies"  His presentation can be viewed here.

    The members of the Board of Trustees for the year 2016-2017 were inducted by Pres. Emmanuel Dooc. The Officers and Trustees are:

    • Evelyn R. SINGSON, Chair
    • Corazon S. DE LA PAZ-BERNARDO, Vice Chair
    • Francisco Ed. LIM, President
    • Alfredo B. PARUNGAO, Vice President
    • Ramoncito S. FERNANDEZ, Treasurer
    • Rosario “Cherry” S. BERNALDO, Trustee
    • Romeo “Romy” G. DAVID, Trustee
    • Eduardo "Ed" V. FRANCISCO, Trustee
    • Ma. Aurora “Boots” G. GARCIA, Trustee
    • Mario “Mar” R. GATUS, Trustee
    • Tomasa “Tammy” H. LIPANA, Trustee
    • Benito “Ben” L. TEEHANKEE, Trustee

    New members were also inducted:

    • Mc Reynald Banderlipe II - PhD Student, Economics, De La Salle Universit

    • Mailene Sigue-Bisnar - Partner, Punongbayan & Araullo

    • Mr. Romana Lara - CEO and owner, MOLEducational Enterprises and EZ Advanced Tech Solutions, Inc.

    • Dr. Rodiel Ferrer- Director Associate Professor, Center for Professional Development in Business Ramon V. del Rosario College of Business De La Salle University

    • Euney Mata-Perez – Managing Partner, Mata-Perez & Francisco Attorneys At Law

    Click here to view photos
  • 02 Dec 2016 9:00 PM | Anonymous

    The SharePHIL Education Committee conducted a half day Corporate Governance Seminar for the college students of Southville International School (SISFU), Las Piñas on December 2, 2016, Friday. The speakers were Trustees Dr. Ben Teehankee and Mr. Romeo David. 

    SharePHIL member, Mr. Denver Daradar hosted the event. Dr. Melva Diamante, SISFU President, gave the opening remark. Associate Dean Amir Tohid and Director of Student Relations, Leo Anoche were also present during the event. 

    Dr. Ben Teehankee gave an overview of corporate governance (CG) and its role in Philippine society. He explained what is good CG and the shareholders' role in CG. Dr. Ben also explained to the students what SharePHIL is all about. 

    Mr. Romeo David, on the other hand, discussed the developments in the New SEC Code of Corporate Governance and SharePHIL's participation in the drafting of the CG Blueprint and the revised code. The seminar was concluded with an open forum where students raised questions by speaking out or by asking through Twitter.

    Click here to view photos

  • 21 Nov 2016 12:00 PM | Anonymous

    SharePHIL held its General Monthly Meeting and Christmas Party on November 21, 2016, Monday, from 12 noon to 2pm at the Sarika Ballroom, Dusit Thani Hotel.

    SharePHIL celebrated Christmas with carols sang by the 92AD choir. There were games, exchange gifts, singing and raffle to bring fun and cheers to all. Thanks to the generosity of our sponsors, Energy Development Corporation, Maynilad, Victorias Milling, MPTC and Pres. Francis Lim for donating the prizes. 

    Congratulations to all the winners and a Merry Christmas to all!

    Click here to view photos

  • 13 Sep 2016 12:02 PM | Anonymous

    SharePHIL held its Annual General Membership Meeting (AGMM) on 2 September 2016 at the Sarika Ballroom at the Dusit Thani Hotel. The theme for the AGMM is "Minority Shareholder Vigilance and Why is It Important". 

    SharePHIL invited former Securities and Exchange Commission Chairperson Atty. Fe Barin to talk about the theme. She defined vigilance as a continuing attentiveness to the corporation where an investor puts his/her money. Vigilance is important because when a shareholder gives his money to a corporation, he loses control of it and surrenders to the board and management the decision to manage his funds. He becomes a part owner of the corporation.

    To exercise vigilance, a shareholder must know his rights which is enshrined in the Corporation Code. That is why It is important for every  shareholder to read the Corporation Code. Shareholders’ rights can also be found in the Code of Corporate Governance issued by the SEC. A shareholder must also keep himself informed about how the company is growing and have an abiding interest in the activities of the corporation. He must read reports available to him. A shareholder must also establish a good relationship with the company. Before an issue escalates to a real problem, he must make sure to try to exercise the rights granted to him under the Corporation Code in an amicable manner. If he needs some clarifications on issues that are not clear to him or which he thinks may endanger his investment, he must ask the company in the right way and manner.

    “If you are a minority shareholder, don’t think of yourself as a voice of the minority and that they will never listen to you. It’s always worth trying.”

    SharePHIL Vice Chair Cora De La Paz-Bernardo reported about the International Finance Corporation (IFC) Partners Meeting which she attended on 27 July 2016 in Bangkok, Thailand. The meeting was organized by IFC’s Corporate Governance Team. It aimed to serve as a forum for the partners present to share information on the progress of their work to date, potential offerings, exchange lessons learned and provide networking opportunities between the IFC and the regional partners. The IFC Team was led by Chris Razook who was happy to meet someone from SharePHIL because SharePHIL was the first and only organization present in the meeting representing the interest of shareholders. He kept on repeating that the different countries present must also look into organizing something like SharePHIL. Present in the meeting was the Executive Director of ICD and representatives from other Southeast Asian countries like Indonesia, Thailand, Myanmar, China and Mongolia. Predominant in the discussions are the issues on Corporate Governance and Ethics. They discussed the interest not only of private companies but also state-owned enterprises. It is important to look into how government agencies are run because of the impact of these units on how countries develop. There was a diversity of projects in different countries.

    To launch SharePHIL’s Financial Literacy Program, an economic briefing was presented by Mr. Jonathan Ravelas, First Vice President and Chief Market Strategist of BDO Unibank, Inc. and Chairman of SharePHIL’s Education Subcommittee on Financial Literacy. To view his presentation click here.

    Mr. Claro Gañac, a member of the Research Committee and Assistant Professorial Lecturer at the De La Salle University shared his research work on the “State of Corporate Governance among Philippine Listed Corporations.” To view his presentation, click here. His work was also featured in newspapers as follows:

    We welcome new members who were inducted during the AGMM. They are:

    1. Ms. Maria Jasmine M. ALMOGINO - Manager - Corporate Governance Office, Energy Development Corporation
    2. Mr. Aaron Vincent CO - Senior Manager, Investor Relations - SM Investments Corporation
    3. Mr. Claro GAÑAC - Assistant Professorial Lecturer - De La Salle University
    4. Ms. Faith Abigail LUMICAO - Manager, Investor Relations and Corporate Planning - BOD Unibank, Inc.
    5. Mr. Jose Gabriel D. OLIVES - Chief Finance Officer - LT Group Inc.
    6. Mr. Erwin R. OROCIO - Managing Counsel - Downstream & Corporate Secretary - Pilipinas Shell Petroleum Corp.
    7. Ms. Koleen PALAGANAS - VP - Internal Communications - SM Investments Corporation
    8. Mr. Richard R. Tan - FVP at Investor Relations and Corporate Planning - BDO Unibank, Inc.

    Congratulations to the 5 SharePHIL Trustees who were elected during the AGMM. The 5 Trustees who will be serving a 3-year term from September 2016 to September 2019 are:

    1. FRANCISCO, Eduardo V.
    2. LIM, Francisco Ed.
    3. SINGSON, Evelyn R.
    4. TEEHANKEE, Benito L.
    5. YOUNG, Wilson T.
    CLICK HERE to view photos.
  • 23 Jun 2016 8:56 AM | Anonymous

    (Climate) change is coming?
    by Francis Lim  /  Published in the Philippine Daily Inquirer on 23 June 2016

    Last Friday, the Shareholders’ Association of the Philippines (SharePHIL) held its third annual summit. The theme of the summit was “Inter-Generational Evolution of Corporate Values” and the keynote speakers were Oscar M. Lopez (known as OML in business circles) and Federico R. Lopez (FRL or Piki) of the Lopez group of companies.

    The father-and-son tandem talked about the Lopez group’s core values: pioneering entrepreneurial spirit, business excellence, unity, nationalism, social justice, integrity, employee welfare and wellness.

    Piki recalled how the group formulated its corporate values. His father, OML, gathered the group seven years ago to identify the key values it treasured the most. According to Piki, “[it] wasn’t a mere wordsmithing exercise but one that involved looking back, introspection, deliberation, and lots of thought about the values that brought us here and whether any of them had a place in our future.”

    But in the course of his discussion on the social justice component of the group’s corporate values, Piki mentioned the following alarming data that caught the attention of the audience:

    1. The year 2015 was the warmest year on record globally and has edged out the previous record of 2014 by a wide margin (+0.16°C, to be precise);
    2. Fifteen of the 16 warmest years on record globally have occurred after the year 2000;
    3. January 2016 was the warmest January on record, February 2016 was the warmest February, and March 2016 was, likewise, the warmest March ever recorded;
    4. April 2016 was also the warmest April on record. It was the fifth consecutive month the global monthly temperature surpassed 1.0°C;
    5. May 2016 was the warmest May on record and the 13th consecutive month that a monthly global temperature record was broken—the longest such streak in the 137 years of record keeping; and,
    6. Temperatures have risen 1ºC compared to pre-industrial times. This means we only have 0.5° to 1°C to go before we exceed the Paris COP 21 commitment of limiting the average global temperature rise to about 2°C. Beyond this threshold, scientists believe the world will become extremely dangerous, such that super typhoon Haiyan (locally known as Yolanda) will be nothing compared to what we will be seeing; and,
    7. The Philippines is bearing a disproportionate share of the devastation being wrought on the planet by climate change. For example, in the annually released Global Climate Risk Index, the Philippines suffered 337 weather-related disasters from 1995 to 2014 followed by Vietnam (225) and Bangladesh (222).

    Relating the data to the Lopez group’s corporate values, Piki said: “If there’s any single issue in the world today that embodies all our seven values, it is the threat of climate change, adapting to it, and changing how we power our lives and economies fast enough so we don’t leave a dangerous and catastrophic planet to our children and grandchildren.”

    “Dealing with it correctly as well as profitably will require every ‘heart, nerve, and sinew’ in the organization coming together to overcome something that today seems inescapable,” he added.

    These are not empty words. The young Lopez, who took over from his father as the chairman of the Energy Development Company (EDC) in 2010, said the geothermal energy arm of the Lopez group “made public our group’s stance that we would no longer consider building, developing, or investing in coal-fired power plants despite the fact that every other business group and bank in the country is doing so, like there’s some kind of gold rush. We’re making it our mission to help the country navigate the challenging transition toward a cleaner decarbonized future. I have no doubt it can be done. The feasibility to do this is already here, it’s simply our mindsets and our conversations that need to change.”

    President-elect Rodrigo Duterte’s choice for the secretary of the Department of Natural Resources and Environment, Gina Lopez, was quoted for her support for renewable source of energy. Gina, Piki’s cousin, has since accepted the offer.

    The big question is: Will the Duterte administration go beyond words and take concrete measures that will speed up the development and use of clean energy for the country?

    After all, the Congress has enacted as early as 2008 the Renewable Energy Act “to effectively prevent or reduce harmful emissions and thereby balance the goals of economic growth and development with the protection of health and the environment.”

    Surely, pro-environment advocates are keeping their fingers crossed that “change is coming,” environment-wise.

    Read more:

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