News and Events

AIM Launches Report on Corporate Governance Practices of Top 100 Philippine Companies

Posted: 2010-07-16
Category: Events


report-on-corporate-governance-practices-launch_photo01.jpgOn July 14, 2010, the Hills Program on Governance launched its report entitled Corporate Governance Trends in the 100 Largest Publicly Listed Companies in the Philippines.

The study was undertaken for the second consecutive year by the Hills Program on Governance of the Ramon V. del Rosario, Sr.-C.V. Starr Center for Corporate Governance at AIM, picking up from last year's study which covered 2002 to 2007. The report was launched at a forum held New World Hotel in Makati, with John “Sunny” Sevilla, Undersecretary of the Department of Finance for Privatization, and Mike Lubrano, Managing Director of Corporate Governance of Cartica Capital LLC, a fund manager based in Washington, D.C. and member of the Global Corporate Governance Forum, Private Sector Advisory Group, as the keynote speakers.

The report included the results of an online survey of directors and officers of the top 100 companies to determine their perceptions regarding the ethical and corporate governance culture in their respective companies.  The online survey was conducted by the Social Weather Stations.

report-on-corporate-governance-practices-launch_photo02.jpgThe study was sponsored by the Jollibee Foundation, Villaraza Cruz Angangco & Marcelo Law and The Asia Foundation. The Global Corporate Governance Forum sponsored the travel of Mr. Lubrano to Manila from Washington, D.C., to speak at the publication launch.

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Click here to download the 2008 Corporate Governance Trends in the 100 Largest Publicly Listed Companies in the Philippines
Click here to download Sunny Sevilla's Speech
Click here to download the Presentation of Mike Lubrano

Article from Business World,  Hiring independent directors not enough, listed firms told,  July 15, 2010
Article from Malaya Newspaper, Conglomerates control top 100 listed companies, July 20, 2010


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Sunny Sevilla of the Department of Finance and Cesar Virata of RCBC AIM President Edilberto de Jesus and Paul Aquino of Energy Development Corporation Washington Sycip of The SGV Group with Sunny Sevilla and Edilberto de Jesus
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Washington Sycip and Sunny Sevilla AIM Chairman Jose L. Cuisia, Jr. gives the  welcome remarks Executive Director of the Hills Program Angela G. Garcia presents the findings of the study
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Jay Sandoval of the Social Weather Stations presents the results of the online survey President Edilberto de Jesus introduces key note speaker, Sunny Sevilla Sunny Sevilla gives his speech
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Jonathan Juan Moreno introduces keynote speaker, Mike Lubrano Mike Lubrano of Cartica Capital LLC gives his speech Rex C. Drilon II of Ortigas and Company acts as moderator for the open forum
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Rex C. Drilon II of Ortigas and Company acts as moderator for the open forum Emmanuel P. Bonoan of KPMG
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Sunny Sevilla responds to a question in the open forum John Forbes of The American Chamber of Commerce of the Philippines, Inc. Francis G. Estrada, Chairman of De La Salle University
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Former Chief Justice Artemio V. Panganiban Steven Rood of the The Asia Foundation gives the closing remarks Mike Lubrano, John Forbes and Sunny Sevilla



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