SM Investments Corp. (SM Investments) shareholders elected Marife B. Zamora as an independent director of the board during the company’s annual stockholders’ meeting held Wednesday.
Zamora’s election ensures that SM Investments’ board continues to maintain a majority of independent directors, exceeding regulatory standards and reinforcing SM’s commitment to good governance. She joins lawyer Lilly K. Gruba as the second female independent director.
“I’m truly honored to join SM’s Board,” said Zamora. “SM mirrors the energy and growth journey of the Philippine economy. I look forward to contributing to a growing company deeply committed to independence and strong corporate governance.”
A seasoned executive, Zamora brings decades of leadership in telecommunications, insurance, and business process outsourcing. She is also a known advocate for women in technology and leadership, serving on the board of trustees of the FTW (For The Women) Foundation and as co-founder of the Filipina CEO Circle, a network of women business leaders driving positive change.
Zamora succeeds Tomasa “Tammy” H. Lipana after the latter completed her maximum term as an independent director.
“The Board extends its deepest gratitude to Director Lipana for the nine years of dedicated service and invaluable insights she has provided to the company,” said SM Investments chairman Amando M. Tetangco, Jr. “We also welcome Ms. Zamora whose broad experience and strong track record will benefit the group.”
