ABOUT US
Corporate Governance
BOARD OF TRUSTEES
Compliance with the principles of good corporate governance starts with the Board of Trustees. The Board, composed of nine distinguished professionals and executives known for their integrity and probity, ensures a high standard of best practice for governance and sets the strategic directions of the Company. It also monitors Management's performance towards the attainment of the Corporation's strategic objectives in line with the corporate mission and vision.
The trustees elect the Chairman of the Board of Trustees, Chairman of the Executive Committee, President, at least four members of the Executive Committee, Secretary, and Treasurer.
 |
Vicente R. Ayllón Chairman - Executive Committee |
| Chairman of the Board & CEO: | The Insular Life Assurance Co., Ltd. |
| Chairman of the Board & President: | Insular Life Property Holdings, Inc. |
| Chairman of the Board | Insular Investment and Trust Corp.; Insular Life Health Care, Inc.; ILMADECO; Home Credit Mutual Building & Loan association; Insular Life Foundation; Asian Hospital, Inc. |
| Vice Chairman: | Union Bank of the Philippines; Mapfre Insular Insurance Corp. |
| Director: | Pilipinas Shell Petroleum Corp.; Shell Company of the Philippines, Ltd.; The Palms Country Club; Philippine Hoteliers, Inc. (owner of Dusit Thani Manila) |
| Associate in Commercial Science (1950), San Juan de Letran College B.S. Commerce, University of the East (1952) |
|
 Mona Lisa B. De La Cruz Member - Nominations Committee |
|
| Executive Vice President, Chief Actuary and Treasurer: | The Insular Life Assurance Co., Ltd. |
| Trustee: | The Insular Life Foundation, Inc. |
| Director: | Insular Life Health Care, Inc.; ILAC General Agency, Inc.; Home Credit Mutual Building & Loan Association; Insular Life Development & Management Corporation; Professional Services, Inc. (Medical City) |
| Fellow: | Actuarial Society of the Philippines |
| Associate: | Society of Actuaries, USA |
| Member: | International Actuarial Association |
|
Master of Science in Mathematics, major in Actuarial Science (1979), University of Michigan Bachelor of Science in Statistics (1978), cum laude, University of the Philippines |
|
 Marietta C. Gorrez Member - Personnel & Compensation Committee, Budget & Audit Committee |
|
| Director: | Foundation for Professional Training, Inc.; Alliance for the Family Foundation of the Philippines, Inc. |
| Former Senior Vice President: | The Insular Life Assurance Co. Ltd., Head of Business Support Group, Head of Sales Operations Group, Head of Corporate Operations Group, Head of Administrative Operations Group |
| Former President: | ILAC General Insurance Agency, Inc. |
| Former Director and Treasurer: | Insular Investment & Trust Corporation; Insular Health Care, Inc. |
| Former Director: | Insular Life Employees' Retirement Fund; Insular Life Management & Development Corp.; Insular Life Foundation, Inc.; Insular Life Property Holdings, Inc.; Home Credit Mutual Building & Loan Association |
|
Registered Financial Consultant, International Association of Registered Financial Consultants Masters in Business Economics (candidate), University of Asia & the Pacific Graduate Top Management Program, Asian Institute of Management Masters in Business Administration (1978), De La Salle University Bachelor of Science in Mathematics (1974), University of Santo Tomas |
|
 Delfin L. Lazaro Member - Budget & Audit Committee, Finance & Investement Committee |
|
| Chairman: | Atlas Fertilizer and Chemicals, Inc.; Philwater Holdings Company, Inc. |
| Vice Chairman & President: | ASIACOM |
| Managing Director: | Lazaro, Bernardo, Tiu and Associates, Inc. |
| Director: | Ayala Corporation, Ayala Land, Inc.; Insular Life Assurance Co. Ltd.; Integrated Microelectronics, Inc.; Manila Water Company, Inc.; Ayala DBS Holdings, Inc.; Probe Productions, Inc.; Ayala International Holdings, Ltd.; AG Holdings Ltd.; Bestfull Holdings Ltd.; AI North America; Empire Insurance Company |
|
B.S. Metallurgical Engineering (1967), University of the Philippines
Master in Business Administration (1971), with Distinction, Harvard Graduate School of Business |
|
 Ricardo G. Librea Chairman - Budget and Audit Committee Vice Chairman - Personnel and Compensation Committee Member - Executive Committee, Governance Committee |
|
| Director: | Insular Investment & Trust Corporation (Director & Chairman of Audit Committee, Consultant for Financial & Tax Concerns) |
| Member, Audit Committee: | Manila Polo Club; Rotary Club of Makati; Makati Rotary Club Foundation, Inc. |
| Past President | Financial Executives Institute of the Philippines (FINEX); Rotary Club of Makati |
| Past Chairman: | FINEX Research & Development Foundation, Inc. |
| Member: | Management Association of the Philippines |
|
Certified Public Accountant
B.S. Business Administration (1957), University of the East |
|
 Francisco Ed. Lim Chairman - Governance Committee, Nominations Committee Member - Personnel & Compensation Committee, Finance & Investment Committee |
|
| Co-Managing Partner; Head, Corporate and Special Projects Department: | ACCRALAW |
| Member, Board of Directors: | Energy Development Corporation; Producers Savings Bank Corporation |
| Co-Chairperson, Sub-Committee: | Philippine Supreme Court on E-Commerce Law |
| Member, Sub-Committee: | Philippine Supreme Court on Commercial Courts, Revision of Rules Governing Notaries Public, and Evidence & DNA Evidence |
| Professional Lecturer: | Philippine Judicial Academy |
| Law Professor: | School of law, Ateneo de Manila University Graduate School; Graduate School of Law San Beda College |
| Philippine Contributor: | Compliance Complete (Thomson Reuters International online publication) |
| Columnist: | Point of Law, Philippine Daily Inquirer |
| Member: | Financial Executives of the Philippines; Management Association of the Philippines; Integrated Bar of the Philippines; Philippine Bar Association; New York State Bar Association |
| Past President & CEO: | Philippine Stock Exchange, Inc.; Securities Clearing Corporation of the Philippines |
| Past Chairman: | Philippine Stock Exchange Foundation, Inc.; Capital Market Development Center, Inc. |
| Former Director: | The Philippine Stock Exchange, Inc.; Securities Clearing Corporation of the Philippines; Philippine Dealing & Exchange Corporation |
| Former Trustee: | Securities Investors Protection Fund |
| Former Member: | Capital Market Development Council |
|
Master of Laws (1987), University of Pennsylvania, USA
Bachelor of Laws (1981), Second Honors, Ateneo de Manila University Bachelor of Philosophy (1975), Magna Cum Laude, University of Sto. Tomas Bachelor of Arts (1975), Cum Laude, University of Sto. Tomas |
|
 Mayo Jose B. Ongsingco Vice Chairman - Finance and Investment Committee Member - Executive Committee |
|
| President and Chief Operating Officer: | The Insular Life Assurance Company, Ltd. |
| Chairman: | Insular Life Employees' Retirement Fund; ILAC General Insurance Agency, Inc |
| Vice Chairman (Board) & ExCom Member: | Insular Health Care, Inc. |
| Vice Chairman & President: | Insular Life Management & Development Corp. |
| Vice Chairman (Board): | Insular Life Property Holdings, Inc. |
| Vice Chairman (Board/ExCom): | Home Credit Mutual Building & Loan Association, Inc. |
| Director / ExCom Member: | Insular Investment & Trust Corporation |
| Director: | Insular Life Foundation; Mapfre Insular Insurance Corp.; Asian Hospital, Inc.; Union Bank of the Philippines; Pilipinas Shell Petroleum Corporation; Shell Gas (LPG) Philippines, Inc.; Keppel Philippines Holdings; PPI Prime Venture, Inc. (formerly Pamplona Realty, Inc.) |
|
Master of National Security Administration (1999), National Defense College of the Philippines
Master of Business Administration (1977), University of the Philippines AB Economics (1974), Magna Cum Laude, De La Salle University BSC Accounting (1974), Magna Cum Laude, De La Salle University |
|
 Alfredo B. Paruñgao Chairman - Finance and Investment Committee Vice Chairman - Budget and Audit Finance and Investment Committee Member - Executive Committee, Personnel & Compensation Committee |
|
| Chairman: | Philtown Properties Inc. |
| Director: | Insular Investment & Trust Corporation, U-Bix Corporation; Swift Foods, Inc. |
| Director and Vice President: | P&GERS Fund Inc. |
| Director and Treasurer: | DS Realty, Inc. |
| President: | CIBI Foundation, Inc.; Ligaya Management Corporation |
| Former Chief of Staff: | Office of the Chairman, Social Security Commission |
| Former Senior Vice President & Chief Finance Officer | Fort Bonifacio Development Corporation |
| Former President & CEO: | Philippine Global Communications, Inc. |
| Former Executive Vice President & Chief Operating Officer: | Philippine National Oil Company |
|
B.S. Commerce, Summa Cum Laude (1956), Far Eastern University
Certified Public Accountant |
|
 Bernardo M. Villegas Chairman - Personnel & Compensation Committee Vice Chairman - Executive Committee, Governance Committee, Nominations Committee Member - Budget & Audit Committee, Finance & Investment Committee |
|
| University Professor: | University of Asia and the Pacific |
| Visiting Professor: | IESE Business School, Barcelona, Spain |
| Consultant on Strategic Planning and Management Development or Director of leading firms in the following industries: | food and beverage, sugar milling, pharmaceutical, electric power, banking, information technology, construction, agribusiness, trading, transportation and engineering |
| Columnist: | Manila Bulletin and Philippine Daily Inquirer |
| Director: | Alaska Milk Corporation; PHINMA Properties; Benguet Corporation, TDI, Inc.; and Dualtech Foundation |
|
Fourth Place, Board Exam for Certified Public Accountant (CPA)
Ph.D. in Economics (1963), Harvard University M.A. in Economics (1961), Harvard University Bachelor of Science in Commerce (1958), Summa Cum Laude, De La Salle University Bachelor of Arts, Summa Cum Laude, De La Salle University |
|