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  • 17 Jun 2016 4:00 PM | Anonymous

    Manila, the Philippines, June 17, 2016—IFC, a member of the World Bank Group, signed a cooperation agreement with the Shareholders’ Association of the Philippines (SharePHIL) to promote good corporate governance including shareholder protection in the country. A more informed investing public and better-run companies will help create a stronger capital market and entice more foreign investment to the Philippines.

    Under the agreement, IFC will support SharePHIL in educating investors and shareholders of their rights, duties and responsibilities to advance the development of the Philippine capital market. The signing took place as part of a shareholder rights conference in Manila bringing together around 200 participants, including business executives and high-level directors and corporate governance experts.

    “IFC’s support will no doubt help SharePHIL strengthen shareholder protection and contribute to the development of a more robust capital market,” said Evelyn Singson, Chair of SharePHIL. “The promotion and protection of the rights of shareholders, big or small, is good corporate governance.”

    IFC will help SharePHIL develop a corporate governance training curriculum and train other professionals to deliver more workshops. The two parties will jointly organize public seminars and conferences to raise market awareness and develop and publish corporate governance-related knowledge products.

    “By promoting shareholder protection as a good corporate governance practice, Philippine companies can improve their competitiveness and enhance their ability to attract more investment,” said Yuan (Jane) Xu, IFC Philippines Country Manager. “This will in turn lead to more sustainable economic growth in the Philippines.”

    Numerous studies show that investors have greater confidence in companies with good governance and markets backed by sound regulatory regimes. More foreign investment will create jobs, strengthen the business environment, and improve private sector efficacy.

    Evelyn Singson and Atty. Francis Lim, chairperson and president of SharePHIL, respectively, jointly said: “We take the cooperation agreement as a vote of confidence of the IFC in SharePHIL and we look forward to closely working with the IFC on promoting corporate governance and minority shareholder protection in the country. These are so essential to gaining investor confidence in our markets for the good of our country and the general public.”

    The partnership is part of a country program launched recently by IFC to support the Philippines’ efforts to enhance corporate governance. In May, IFC signed an agreement with the Philippine Securities and Exchange Commission to improve the country’s regulations and investment climate.

    IFC has contributed to the adoption of 95 corporate governance codes, laws, and regulations in more than 30 countries worldwide. IFC’s Corporate Governance Program in East Asia and the Pacific is funded by the State Secretariat for Economic Affairs of Switzerland.

    About IFC

    IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit

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    About Shareholders’ Association of the Philippines

    SharePHIL is a non-profit association which aims to become a major catalyst in promoting the development of the capital market by advocating education in order to enlighten investors and shareholders of their rights, duties and responsibilities and to promote shareholder activism in a positive way. With an enlightened investing public, more savings will be attracted to the capital markets and all shareholders, big and small, will be conscious about shareholder promotion and protection. SharePHIL completes the institutional governance infrastructure required to promote capital market development and ensures the creation of a level field.

  • 17 May 2016 12:00 PM | Anonymous

    SharePHIL held its 2nd General Membership Meeting (GMM) on 17 May 2016 at the Sarika Ballroom at the Dusit Thani Hotel.

    The theme for this GMM is "The Role of the Investor Relations Officer and the Investor Relations Department".  SharePHIL invited three investor relations officer of publicly listed companies, namely:

    Mr. JoMari Fajardo is the Director for Investor Relations of Globe Telecom. Prior to his current posting, JoMari was connected with the company’s Strategy Execution Office and the Multimedia Business Group. JoMari has over two decades of financial audit, investment banking and private equity experience, working in Philippine and international institutions such as Ayala Corporation, BPI Capital, SGV & Co., HSBC, Commonwealth Development Corporation and Nomura JAFCO. JoMari is a Certified Public Accountant. He obtained his undergraduate and master’s degrees from De La Salle University and the Asian Institute of Management.

    Mr. Erudito Recio, is the Senior Manager of Investor  Relations at the Energy Development Corporation. He has been with the Company since 1981. He was appointed to his current position in January 2007 but has performed his current duties since December 2006. He started with the Company as a Planning Engineer in 1981 and has since held various positions in the Planning & Control Division. He was Corporate Planning Manager from 1993 to 2006. Mr. Recio obtained a B. S. in Management Engineering degree from the Ateneo de Manila University. He completed the Management Development Program of AIM (1996).

    Mr. Judd Salas is the Assistant Vice President for Investor Relations of Aboitiz Equity Ventures, Inc., where he also handled Corporate Branding, Corporate Communication, Digital Communication, Media Relations and Social Media. He has been with the Aboitiz Group for 16 years, and has been awarded the Don Ramon Aboitiz Award of Excellence, the highest recognition given to team members and team leaders in the Aboitiz Group for their significant achievements and contributions to their respective companies. Prior to joining Aboitiz Equity Ventures, he was the Corporate Affairs Manager at Mead Johnson Nutrition, Corporate Communication Manager at Aboitiz Transport System Corporation, Assistant CFO at Hedcor and Senior Financial Analyst at Aboitiz & Co., Inc. He earned his masters’ degree in Business Administration from Edinburgh Business School at Heriot-Watt University, United Kingdom; and his Bachelor of Arts degree in Political Science from the University of Philippines in Diliman.

    Each of the panelists shared with SharePHIL members their experiences in their own companies and explained the different ways of keeping the investors informed on how their company is doing. A Q&A followed after their presentations.

    SharePHIL Vice President and Trustee Fred Parungao acted as the moderator and summarized what was discussed by the panelist.

    New members were also inducted during the GMM.  They are:

    1. Mr. Ferdinand Alphonsus A. LIMBO - Management Consultant and Adviser, Special Projects and Talent Management at Q2 HR Solutions
    2. Mr. Gener MENDOZA - President of GNCA Holdings
    3. Mr. Erudito RECIO - Senior Manager-Investor Relations, Energy Development Corporation
    4. Ms. Anne TIONGCO - Corporate Communications Director, Victorias Milling Company, Inc.
    5. Dr. Peter Lee U - Vice Dean, School of Economics, University of Asia & the Pacific

    Photos: click here

  • 18 Mar 2016 12:00 PM | Anonymous

    SharePHIL held its 1st General Membership Meeting (GMM) for this year on 18 March 2016 at the Narra-Yakal Meeting rooms at the Dusit Thani Hotel. 

    The theme for this GMM is "Navigating Global Markets in Turmoil".  SharePHIL invited two panelists to share their knowledge and insights on this topic. 

    Mr. Wilson Sy, Fund Manager at PhilEquity Fund, is the Past Chairman of the Philippine Stock Exchange, Inc. and Manila Stock Exchange, Inc. He has 41 years experience in the stock market, as a stockbroker (Wealth Securities, Inc.) and fund manager (PhilEquity Fund, Inc.). He is author of the book, Opportunity of a Lifetime, which was recently launched. He donated all proceeds from the sale of the book to Ateneo and Xavier School. Mr Sy is also a columnist in the Business Section

    Mr. Jonathan “Jonas” Ravelas, First Vice President and Chief Market Strategist of BDO Unibank, Inc. He joined the Bank’s Treasury Group in 2002 to provide analysis on financial markets and macroeconomic developments in local and foreign economies. Mr. Ravelas has been a leading advocate in creating and running a wide range of educational programs for private and institutional investors, ranging from the basics of financial markets to advanced trading strategies, having worked in the financial markets for almost 20 years. He has delivered numerous lectures in the field of forecasting here and abroad and regularly provides economic commentaries in the Asian Wall Street Journal and in some of the country’s major dailies. He is also a regular commentator on economic and financial market issues on ANC, Bloomberg and BBC.of Philippine Star.

    New members were inducted during this GMM.  They are Mr. Gaudencio Hernandez, Asian Development Bank Executive Director for Kazakhstan, Maldives, Marshall Islands, Mongolia, Pakistan, Philippines & Timor-Leste;  Mr. Jonathan Ravelas, First Vice President and Chief Market Strategist of BDO Unibank, Inc. and Mr. Robert Ramos, Trust Officer and Chief Investment Officer of UnionBank of the Philippines.

  • 14 Dec 2015 12:00 PM | Anonymous

    SharePHIL held its General Membership Meeting (GMM) on 14 December 2015 at the Sakari Ballroom, Dusit Thani Hotel. The Department of Finance Secretary Cesar Purisima was the guest of honor. In his speech, he showed his support for SharePHIL and encouraged the association to enlarge its influence through alliances. See his full speech here.

    Sec. Cesar Purisima also inducted SharePHIL's Board of Trustees and Officers for 2015-2016:


    • Evelyn R. SINGSON - Chair
    • Corazon DE LA PAZ-BERNARDO - Vice Chair
    • Francisco Ed. LIM - President
    • Alfredo B. PARUNGAO - Vice President
    • Ramoncito S. FERNANDEZ - Treasurer
    • Joel L. BODEGON - Secretary

    Board of Trustees:

    • Rosario S. BERNALDO
    • Corazon S. DE LA PAZ-BERNARDO
    • Romeo G. DAVID
    • Vicente C. DINGLASAN
    • Ramoncito S. FERNANDEZ
    • Ma. Aurora G. GARCIA
    • Mario R. GATUS
    • Francisco Ed. LIM
    • Tomasa H. LIPANA
    • Alfredo B. PARUNGAO
    • Evelyn R. SINGSON
    • Benito L. TEEHANKEE
    • Wilson T. YOUNG

    President Francis Ed. Lim inducted new members.

    L-R: Mr. Antonio Lopez, President & Publisher of BizNews Asia, Atty Cecilia Pesayco, Corporate Secretary of LT Group Inc., Atty. Anna Melissa Lichaytoo, Founding Partner of Roxas Laurel De Los Reyes Rosario & Leagogo Law Offices and Mr. Francisco Miguel Tuaño of Metro Pacific Investments Corporation.

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