The shareholders of the Philippine Stock Exchange Inc. have re-elected its 15-man board of directors, with Jose T. Pardo continuing to serve as its chairman for the 13th consecutive year and Ramon S. Monzon as president and CEO.
Pardo, chairman and founder of 7 Eleven Philippines, has beenPSE independent director since January 2011 and bourse chairman since May 2011. Monzon, meanwhile, has been PSE president since May 2017.
“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,” Pardo said.
Completing the 15-man board was former PSE director Edgardo G. Lacson as non-broker representing other market participants. He served in the PSE Board from May 2011 to May 2019 and from May 2019 to July 2021. Lacson is 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 composed of one president, five brokers and nine non-brokers of which five are independent directors and four are directors representing the interests of issuers, investors and other market participants.
The other elected non-broker directors were Ferdinand K. Constantino and Jose Arnulfo A. Veloso representing investors and lawyer Marilyn Victorio-Aquino representing issuers.
The independent directors who will continue to serve on the PSE board were Pardo, former Chief Justice Teresita Leonardo-De Castro, Peter B. Favila, Andrew Jerome T. Gan and Vicente L. Panlilio.
Brokers who will serve a fresh mandate include Diosdado M. Arroyo, Eddie T. Gobing, Wilson L. Sy, Anthony M. Te, and Ma. Vivian Yuchengco.
The directors will serve for a term of one year, from July 2024 to June 2025.
