Top officials of the Philippine Stock Exchange, Inc. (PSE) received fresh mandate to serve another one-year term as board of directors.
PSE chairman Jose Pardo and PSE president Ramon Monzon retained their positions and will serve for the period July 2024 to June 2025.
“I am pleased to be working once again with esteemed colleagues in the board. They have been instrumental in pursuing regulatory reforms and programs for the stock market and its stakeholders to bring PSE closer to its vision,” said Pardo in a statement.
Shareholders elected 15 board directors during the company’s annual stockholders meeting on July 6, 2024.
Rejoining the board is former PSE director Edgardo Lacson, who served in the PSE board from May 2011 to May 2019 and from May 2019 to July 2021.
Lacson is the chairman of the Employers Confederation of the Philippines and honorary chairman and past president of the Philippine Chamber of Commerce and Industry. He is also a director of various private and publicly listed companies.
The PSE board is comprised of one president-director, five broker directors and nine non-broker directors. Among the nine non-broker directors, five are independent directors and four are directors representing the interests of Issuers, Investors and other market participants.
The other non-broker directors who were re-elected were Ferdinand Constantino and Jose Arnulfo Veloso as directors representing investors and lawyer Marilyn Victorio-Aquino as director representing issuers.
Aside from Pardo, the independent directors who will continue to serve on the PSE board are former chief justice Teresita Leonardo-De Castro, Peter Favila, Andrew Jerome Gan and Vicente Panlilio.
Broker directors who will serve a fresh mandate are Diosdado Arroyo, Eddie Gobing, Wilson Sy, Anthony Te and Ma. Vivian Yuchengco.
