1.1. Historical Background
ABS-CB ABS-CBN N Corpor Corporati ation on (“ABS-C (“ABS-CBN” BN” or the “Comp “Company any”) ”) traces traces its roots roots from from Bolina Bolinao o Electronics Corporation (BEC), established in 1!" as an assembler of radio transmittin# e$%ipment& 'n 1, 1, BEC adopt adopted ed the b%sine b%siness ss name name Alto Alto Broad Broadcas castin tin# # System System (ABS) (ABS) and be#an be#an settin settin# # %p the the co%ntry*s first tele+ision broadcast by 1& n September !, 1", Chronicle Broadcastin# Net.or/ (CBN), o.ned by 0on E%#enio ope2 Sr& of the ope2 family, .as or#ani2ed primarily for radio broadcastin#& 'n 13, 0on E%#enio ope2 Sr& ac$%ired ABS and on 4ebr%ary 1, 1"3, the operations of ABS and CBN .ere .ere inte# inte#rat rated ed and BEC chan#e chan#ed d its corpor corporate ate name name to ABS-CB ABS-CBN N Broadc Broadcast astin# in# Corporation& n A%#%st 1", 515, the 6hilippine Sec%rities and E7chan#e Commission (SEC) appro+ed the chan#e of Company*s corporate name to ABS-CBN Corporation& 8his chan#e is a reflection of the Company*s di+ersified di+ersified b%sinesses in e7istin# and ne. ind%stries&
ABS-CBN achie+ed many firsts since it started the tele+ision ind%stry in the co%ntry in 1& 9o.e+er, .ith the imposition of martial la. in September 13, ABS-CBN ceased operations as the #o+ernment forcibly too/ control of the Company& ABS-CBN res%med commercial operations in 1:" after the 6eople 6o.er or E0SA re+ol%tion&
;eco+ery after 1! years of absence .as diffic%lt as reso%rces .ere scarce& Ne+ertheless, thro%#h relentless effort, ABS-CBN recapt%red leadership in the 6hilippine tele+ision and radio ind%stries by 1::& 0%rin# the 15s and the early part of the ne. millenni%m, the Company e7panded and +ent%red into complementary b%sinesses in cable 8<, international distrib%tion, mobile ser+ices, and ma#a2ine p%blishin# amon# amon# others&
Form of Business Organization Corporation
Vision ABS-CBN Corporation is a total information and entertainment company, a stron# player in the #lobal mar/et, and an inte#ral part in the li+es of people .orld.ide&
Mission =e e7ist in the ser+ice of 4ilipinos .orld.ide, as .ell as of all h %man/ind&> =e =e e7ist to inform and to entertain thro%#h creati+e content for any distrib%tion platform&> =e inno+ate, di+ersify and e7pand into enterprises .here o%r e7pertise in content opens ne. b%siness and ser+ice opport%nities&> =e promote promote the best in 4ilipino talent, and reflect the tr%e sentiment of the 4ilipino&
Goals
?E@ S8;A8E'ES S8;A8E'ES AN0 AN0 BEC8'
C;E S8;EN89 'N CN8EN8 C;EA8'N& C;EA8'N& =hile the technolo#y, the prod%ction process, and the medi%m %sed to access content e+ol+e, ABS-CBN*s core ability to create $%ality content that to%ches, inspires and empo.ers its +ie.ers m%st remain constant& 8he Company .ill contin%e b%ildin# on its core stren#th in content creation& AN@8'E,
AN@=9E;E, 'N AN@ 0E<'CE 0E<'CE ; E0'D& As ABS-CBN*s a%dience demand #reater control o +er ho. and .hen they .ill cons%me content, the Company .ill ens%re its contin%ed rele+ance by distrib%tin# its content in the .idest array of platforms that technolo#y .ill allo.& 8he Company*s Company*s a%dience .ill be able to reach ABS-CBN anytime at any place in any medi%m&
A'N8A'N A S8;N 4'SCA 6S'8'N AN0 B;'N
Plans
SWOT nal!sis
Chapter 4orm of B%siness r#ani2ation r#ani2ation ------Capitali2ation ---
r#ani2ational r#ani2ational Chart and ist of fficers ABS-CBN Bloomber#F
Products and Ser"ices Offered #ines of Business
ABS-CBN is the 6hilippines* leadin# media and entertainment company& 8he Company presents its operations into the follo.in# reportable se#ments
A& 8< and St%dio B& 6ay 8< Net.or/s C& Ne. B%sinesses
TV and ST$%&O
8< and st%dio se#ment is comprised of broadcast, #lobal operations, film and m%sic prod%ction, cable channels and p%blishin#& 8his consists of local and #lobal content creation and distrib%tion thro%#h tele+ision and radio broadcastin#&
Broadcast se#ment co+ers content creation and distrib%tion mainly thro%#h free 8< and radio
.ith Channel and 0G as its fla#ship platforms& 8he content created is predominantly in 4ilipino and is aimed at the mass 4ilipino a%dience& 8he Company*s leadin# position in the 6hilippine tele+ision broadcastin# ind%stry is lar#ely d%e to the pop%larity of its entertainment pro#rams, incl%din# teleseryes, drama antholo#ies, sit%ation comedies, +ariety, reality and #ame sho.s& n the other hand, ne.s and p%blic affairs pro#rams ha+e de+eloped a rep%tation for the $%ality of ne.s co+era#e that incl%des national, local and international e+ents&
Glo'al se#ment, thro%#h ABS-CBN 'nternational, North America, pioneered the international
content distrib%tion thro%#h 0irect to 9ome (089), cable, 'nternet 6rotocol 8ele+ision ('68<), mobile and online thro%#h 8he 4ilipino Channel (84C)& 't is a+ailable in all territories .here there is a si#nificant mar/et of o+erseas 4ilipinos s%ch as the Dnites States, iddle East, E%rope, ABS-CBN Corporation "
A%stralia, Canada and Asia 6acific& ther acti+ities incl%de international film distrib%tion, remittance, retail, sponsorships and e+ents&
Films and Music se#ment of the Company is composed of mo+ie prod%ction, film distrib%tion,
a%dio recordin# and distrib%tion and +ideo and a%dio post prod%ction& 4ilms and m%sic needs are #enerally prod%ced thro%#h its s%bsidiary ABS-CBN 4ilm 6rod%ctions 'nc& (A46') or more pop%larly /no.n as Star Cinema& ther mo+ies are co-prod%ced .ith other local or international prod%cers or are simply distrib%ted by A46'& %sic needs are mana#ed by Star ;ecordin#, 'nc&
(Star ;ecordin#) and Star Son#s, 'nc& (Star Son#s) to complement the recordin# needs of the Company*s m%lti-talented artists and handle m%sic p%blishin# and composin# re$%irements, respecti+ely& 'n 51!, Star ;ecordin# and Star Son#s .ere mer#ed to A46', A46' as s%r+i+in# company&
(arro)cast and S*orts caters to the needs of specific or tar#eted a%diences or mar/ets not
normally addressed by the Broadcast b%siness& 'ncl%ded in this line of b%siness are cable pro#rammin# and channel offerin#s s%ch as 4ilipino mo+ie channel, m%sic channel, animH, %pscale male sports content and %pscale female lifestyle content& 't also co+ers print, sports, and other niched pro#rammin# +ia its D94 (Dltra 9i#h 4re$%ency) channel& Narro.cast incl%des the follo.in# s%bsidiaries Creati+e 6ro#rams, 'nc& (C6'), ABS-CBN 6%bl%shin#, 'nc& (A6') and St%dio , 'nc& (S)& As part of the Co mpany*s #oal to ele+ate bo7in# as a sport in the co%ntry, it entered into a Ioint +ent%re a#reement .ith AA Sports 6romotions, 'nc&, (AA Sports) a .orld class bo7in# or#ani2ation and promotional company&
P+ TV (,TWO-S
6ay 8< net.or/s incl%de cable tele+ision ser+ices of S/y Cable Corporation (S/y Cable) and its s%bsidiaries in etro anila and in certain pro+incial areas in the 6hilippines& 't offers both postpaid and prepaid pac/a#es as .ell as a la carte pro#rammin#, broadband, internet phone, amon# others& Cons%mers are #i+en +ario%s options that can be tailor fitted to s%it their specific re$%irements incl%din# the ability to ha+e a real triple-play ser+ice in the mar/et that combines cable 8<, broadband and internet phone& Catch %p feat%re on missed pro#rammin# +ia i=ant+ .ere pro+ided as an option to the c%stomers for a total pay 8< entertainment pac/a#e& S/y Cable acco%nts for nearly half of the total local pay 8< mar/et&
(,W B$S&(,SS
Ne. b%sinesses and initiati+es pertain to .ireless telecomm%nications b%siness, di#ital terrestrial tele+ision (088) and theme par/s&
Wireless Telecommunications ABS-CBN mobile*s net.or/ sharin# a#reement .ith lobe
8elecom enables ABS-CBN to deli+er content in addition to traditional telecomm%nication ser+ices on mobile de+ices& 8hro%#h the net.or/-sharin# a#reement, lobe .ill pro+ide capacity and co+era#e on its e7istin# cell%lar mobile telephony net.or/ to ABS-CBN Con+er#ence, 'nc&
(ABS-C) on a nation.ide basis& 8he parties may also share assets s%ch as ser+ers, to.ers, and s.itches& n No+ember 1", 51, ABS-CBN obile*s pre-paid ser+ice .as la%nched&
%igital Terrestrial Tele"ision
'n 4ebr%ary 51, the Company commercially la%nched the 088& 8he Company contin%es to in+est in 088 e$%ipment to impro+e clarity of si#nal in certain areas of e#a anila and Central %2on& 8he Company belie+es that the transition from analo#%e to di#ital .ill res%lt in an increase in its a%dience share&
T/eme Parks
8he Company has also in+ested in a theme par/ more pop%larly /no.n as id0ania Manila& ?idGania pro+ides children and their parents a safe, %ni$%e, and +ery realistic ed%cational en+ironment that allo.s /ids bet.een the a#es of fo%r to t.el+e to do .hat comes nat%rally to ABS-CBN Corporation 3
them role-playin# by mimic/in# traditionally ad%lt acti+ities& As in the real .orld, children perform JIobsJ and are either paid for their .or/ (as a fireman, doctor, police officer, Io%rnalist, shop/eeper, etc&) or pay to shop or to be entertained& 8he indoor theme par/ is a city b%ilt to scale for children, complete .ith b%ildin#s, pa+ed streets, +ehicles, a f%nctionin# economy, and reco#ni2able destinations in the form of JestablishmentsJ sponsored and branded by leadin# m%ltinational and local brands&
Home S/o**ing
A C Shoppin# Corporation (A C ) is a Ioint +ent%re bet.een ABS-CBN and C Shoppin# Corporation of ?orea to pro+ide 8< home shoppin# in the 6hilippines& 'n ctober 51, A C .as la%nched&
om*anies Polic!2 -ules2 and -egulation 8he Board of 0irectors of ABS-CBN Broadcastin# Corporation adopts this an%al of Corporate o+ernance to instit%tionali2e corporate #o+ernance principles& 8he Board, mana#ement, employees and shareholders belie+e that #ood corporate #o+ernance is a necessary component of .hat constit%tes so%nd strate#ic b%siness mana#ement and .o%ld impro+e the economic and commercial prosperity of the Corporation and %ltimately, the shareholders& S
ection 1& Compliance fficer 8he Board may appoint a Compliance fficer for Corporate o+ernance .ho shall directly report to the Chairman of the Board& 8his Compliance fficer shall ha+e the follo.in# d%ties and responsibilities Establish an e+al%ation system to determine and meas%re compliance .ith this an%al& •
onitor compliance .ith the pro+isions and re$%irements of this an%alK S%bmit a report to the
Sec%rities and E7chan#e Commission e+ery an%ary 5th of the year on the e7tent of the Corporation*s compliance .ith this an%al for the completed year& 'dentify,
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monitor and control compliance .ith corporate #o+ernance matters& •
;ecommend to the Board the re+ie. of the pro+isions of this an%al&
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0etermine +iolations of this an%al and recommend to the Chairman of the Board the
appropriate actions for s%ch +iolations, for f%rther re+ie. and appro+al of Board&
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Section & 0%ties and ;esponsibilities of the Board eneral 0%ties and ;esponsibilities of the Board 8he Board represents the shareholders* interest in perpet%atin# a s%ccessf%l b%siness, incl%din# optimi2in# lon#-term financial ret%rns& 8he Board shall be responsible for determinin# that the Corporation is mana#ed in s%ch a .ay to ens%re s%ch res%lt& 0%ties and ;esponsibilities of a 0irector A director has the d%ty to be dili#ent and loyal to the Corporation& A director m%st e7ercise that de#ree of s/ill, dili#ence and care that a reasonably pr%dent person .o%ld e7ercise in similar circ%mstances& 't shall be s%fficient for a director to act on an informed basis in #ood faith and in honest belief that the action .as ta/en in the best interest of the Corporation& LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) A director is a fid%ciary of the Corporation and shall not ta/e ad+anta#e of the Corporation by means of fra%d%lent or %nfair transactions& 9e m%st act honestly and in #ood faith in the interest of the Corporation& 9e m%st a+oid act%al and potential conflicts of interest and shall disclose f%lly and fairly his interests in contracts .ith the Corporation& 8he directors m%st act only .ithin corporate po.ers& Specific 0%ties and ;esponsibilities of the Board to 'mplement Corporate o+ernance 6rinciples 8he Board has the follo.in# specific d%ties and f%nctions to implement corporate #o+ernance principles 8he Board shall determine the Corporation*s p%rpose and +al%es, its +ision and mission,
determine the strate#ies to achie+e this p%rpose and to implement its +al%es in order to ens%re that the
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Corporation s%r+i+es and thri+es& 8he Board shall ens%re that ade$%ate proced%res, systems and practices that protect the Corporation*s assets and rep%tation are in place and are maintained& 8he Board shall be #%ided by best
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b%siness practices& 8he Board shall monitor the effecti+eness of mana#ement policies and decisions& •
8he Board shall ha+e a process for the selection of directors and officers&
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8he Board shall ens%re that the Corporation comm%nicates .ith shareholders and other
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sta/eholders effecti+ely& 6erform s%ch other f%nctions .hich may be re$%ired %nder e7istin# la.s,
iss%ances and re#%lations& Section & Nominations and M%alifications of the Board 8he Board sho%ld ens%re that,
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thro%#h a mana#ed and effecti+e system, board appointments are made that pro+ide a mi7 of proficient directors, each of .hom is able to add +al%e and to brin# pr%dent I%d#ment to bear on the decision ma/in# process& 8he follo.in# dis$%alifications of a director may be considered in the selection process 4inal I%dicial con+iction of an offense in+ol+in# moral t%rpit%de or fra%d%lent act or trans#ressionsK 4indin# by final and e7ec%tory I%d#ment by the Sec%rities and E7chan#e Commission
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or a co%rt or other administrati+e body of competent I%risdiction of a .ilf%l serio%s +iolation, or .illf%l
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aidin#, abettin#, co%nselin#, ind%cin#, or proc%rin# of the serio%s LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) +iolation of, any material pro+ision of the Sec%rities ;e#%lation Code, the Corporation Code, or any other la. administered by the Commission or Ban#/o Sentral n# 6ilipinas, or any r%le, re#%lation of order of the Commission or Ban#/o Sentral n# 6ilipinasK %dicial declaration of insol+encyK •
4indin# by final and e7ec%tory I%d#ment by forei#n co%rt or e$%i+alent financial
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re#%latory a%thority .ith competent I%risdiction of material acts, serio%s +iolations or miscond%ct
similar to any of the acts, +iolations or miscond%ct listed in the fore#oin# para#raphsK and Con+iction by final and e7ec%tory I%d#ment of an offense p%nishable by imprisonment
for a period e7ceedin# si7 (") years, or a +iolation of the Corporation Code, committed .ithin fi+e ()
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years prior to the date of his election or appointment& 9a+in# competin# or anta#onistic b%sinesses .ith the Corporation &• M%alifications of 0irector A director shall ha+e the follo.in# $%alifications at the time he is d%ly elected and $%alified and thro%#ho%t his term of office 9older of at least one (1) share of stoc/ of the CorporationK •
6ersonal inte#rity, capacity to read and %nderstand financial statements, absence of
conflicts of interest .ith the Corporation (s%bIect to the discretion of the Board), time a+ailability and
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moti+ation& M%alifications of an 'ndependent 0irector An independent director shall mean a person other than an officer or employee of the •
Corporation, its parent or s%bsidiaries, or any other indi+id%al ha+in# a relationship .ith the
Corporation, .hich .o%ld interfere .ith the e7ercise of independent I%d#ment in carryin# o%t the responsibilities of a 0irector& 'f the independent director becomes an officer or employee of the same corporation he shall be a%tomatically dis$%alified from bein# an independent director& 0is$%alification and ro%nds for
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0ismissal of 0irectors Any of the follo.in# shall be a #ro%nd for the temporary dis$%alification or dismissal for ca%se of a director ! LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) ;ef%sal to f%lly disclose the e7tent of his b%siness interest as re$%ired %nder the Sec%rities ;e#%lation Code and its 'mplementin# ;%les and ;e#%lations& 8his dis$%alification shall be
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in effect as lon# as his ref%sal persistsK Absence or non-participation for %nI%stifiable reasons for more than fifty percent (5O )• of all meetin#s, both re#%lar and special, of the Board d%rin# his inc%mbency, or any t.el+e (1) month period d%rin# said inc%mbency& 8his dis$%alification applies for p%rposes of the s%cceedin# electionK 0ismissal or termination from directorship in another listed corporation for ca%se& 8his dis$%alification shall be in effect %ntil he has cleared himself of any in+ol+ement in the alle#ed
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irre#%larityK Con+iction that has not yet become final referred to in the #ro%nds for the •
dis$%alification of directors& 8he Board may create a Nomination Committee .ho shall consider the
abo+e $%alifications and dis$%alification of a nominee to the Board in its recommendation of s%ch
nominee for election or reelection& 8he Board shall ha+e the final decision to determine the $%alification or dis$%alifications of a 0irector& Section !& ;em%neration of fficers 8he Board shall promote a c%lt%re that s%pports enterprise and inno+ation, .ith appropriate short-term and lon#-term performance related re.ards that are fair and achie+able in moti+atin# mana#ement and employees effecti+ely and prod%cti+ely& 't is imperati+e that the Board see/s to dri+e the b%siness enterprise proficiently thro%#h the proper and considered decisionma/in# process and reco#ni2es entreprene%rial endea+or amon# its mana#ement .itho%t contra+enin# la.s and re#%lations& 'n matters of compensation and rem%neration, the Board shall set a policy that creates a re.ard system to recr%it, retain and moti+ate hi#h $%ality e7ec%ti+es and employees& 8o.ards this end, the board may create a Compensation or ;em%neration Committee and dele#ate s%ch po.ers and d%ties to s%ch committee as it may deem proper& Section & A%dit Committee 8he Board shall create an A%dit Committee composed of three () members of the Board, at least one (1) of .hom shall be an 'ndependent 0irector& 8he Chairman of the A%dit Committee shall be an 'ndependent 0irector& LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) Each member of the A%dit Committee shall ha+e ade$%ate %nderstandin# at least or competence at most of the Corporation*s financial mana#ement systems and en+ironment& 0%ties and ;esponsibilities 8he A%dit Committee shall ha+e the follo.in# d%ties and responsibilities Chec/ all financial reports a#ainst its compliance .ith both the internal financial mana#ement handboo/ and pertinent acco%ntin# standards, incl%din# re#%latory re$%irements& 6erform
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o+ersi#ht financial mana#ement f%nctions specially in the areas of mana#in# credit, mar/et, li$%idity, operational, le#al and other ris/s of the Corporation, and crisis mana#ement&
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6re-appro+e all a%dit plans, scope and fre$%ency in connection .ith the cond%ct of e7ternal a%dit& 'nterface .ith internal a%ditors and e7ternal a%ditors&
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E+al%ate to international standards the acco%ntin# and a%ditin# processes, practices and
methodolo#ies, and de+elop the follo.in# in relation to this reform i& A definite timetable .ithin .hich
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the acco%ntin# system of the Corporation .ill be 'nternational Acco%ntin# Standards ('AS) complaint& ii& An acco%ntability statement that .ill identify officers andor personnel responsible for the accomplishment of s%ch tas/& 0e+elop a transparent financial mana#ement system that aims to ens%re the inte#rity of
internal control acti+ities thro%#ho%t the Corporation& ;e#%larly re+ie. or#ani2ational and proced%ral
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controls #%ided by best practices& Section "& Nomination and Election Committee 8he Board shall create a Nomination and Election Committee to be composed of at least three () members, one of .hom is an independent director& 8he Committee shall ens%re that, thro%#h a mana#ed and effecti+e system consistent .ith the by-la.s, board elections are made that pro+ide a mi7 of proficient directors, each of .hom is able to add +al%e and to brin# pr%dent I%d#ment to bear on the decision ma/in# process& " LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) 0%ties and ;esponsibilities 8he Nomination and Election Committee shall ha+e the f%nction of re+ie.in# and e+al%atin# the $%alification of all persons nominated to the Board and other appointments that re$%ire Board appro+al, and to assess the effecti+eness of the Board*s processes and proced%res in the election or replacement of directors& Section 3& ;is/ ana#ement Committee 8he Board shall create a ;is/ ana#ement Committee composed of at least () members of the Board, or s%ch other n%mber as may be prescribed by the Board& 8he Chairman of the Board shall desi#nate the Chairman of the Committee& 0%ties and ;esponsibilities 8he ;is/ ana#ement Committee shall ha+e the follo.in# po.ers and f%nctions i& +ersee the form%lation and establishment of an enterprise-.ide ris/ mana#ement systemK ii& ;e+ie., analy2e and recommend the policy, frame.or/, strate#y, method andor system %sed by the Corporation to mana#e ris/s, threat or liabilitiesK iii& ;e+ie. and assess the li/elihood and ma#nit%de of the impact of material e+ents on the Corporation andor to recommend meas%res, responses or sol%tions to a+oid or red%ce ris/s or e7pos%resK and i+& 6erform s%ch other d%ties and f%nctions andor ass%me s%ch responsibilities as may be dele#ated by the Board of 0irectors& Section :& Corporate Secretary 8he Corporate Secretary and the Assistant Corporate Secretary shall be 4ilipino citi2ens& 0%ties and responsibilities 8he Corporate Secretary and the Assistant Corporate Secretary shall ha+e the follo.in# d%ties and responsibilities Assist the Board in the preparation of the a#enda of meetin#s and the mana#ement in the • preparation and #atherin# of materials to be presented to the Board or the shareholders& 3 LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!)
'mplement s%ch
methods adopted by the Board to efficiently and timely inform and brief the • Board members prior to board meetin#& Attend Board meetin# and ta/e do.n the min%tes of special and re#%lar meetin#s of the • Board and shareholders&
Section & E7ternal A%ditor An e7ternal a%ditor shall enable an en+ironment of #ood corporate #o+ernance as reflected in the financial records and reports of the Corporation& An e7ternal a%ditor shall be selected and appointed by the stoc/holders %pon recommendation of the A%dit Committee& 8he reasons for the resi#nation, dismissal or cessation from ser+ice and the date thereof of an e7ternal a%ditor shall be reported in the Corporation*s ann%al c%rrent reports& Said report shall incl%de a disc%ssion of any disa#reement .ith said former e7ternal a%ditor on any matter of acco%ntin# principles or practices, financial statement disclos%re or a%ditin# scope or proced%re& 8he e7ternal a%ditor shall not at the same time pro+ide the ser+ices of an internal a%ditor& 8he A%dit Committee shall ens%re that other non-a%dit .or/ of the e7ternal a%ditor shall not be in conflict .ith the f%nctions of the e7ternal a%ditor& 'f an e7ternal a%ditor belie+es that the statements made in the Corporation*s ann%al report, information statement or pro7y statement filed d%rin# his en#a#ement is incorrect or incomplete, he shall present his +ie.s in said reports& 8he handlin# partner of the Corporation*s e7ternal a%ditor shall be chan#ed e+ery fi+e () years or earlier, as determined by the Board& Section 15& 'nternal A%ditor 8he Corporation shall ha+e in place an independent a%dit system .hich shall be performed by an 'nternal A%ditor or a #ro%p of 'nternal A%ditors, thro%#h .hich its Board, senior mana#ement, and shareholders shall be pro+ided .ith reasonable ass%rance that /ey or#ani2ational and proced%ral controls are effecti+e, appropriate and complied .ith& 8he internal a%dit system to be adopted shall ta/e into acco%nt the nat%re and comple7ity of the Corporation*s b%siness and the b%siness c%lt%re, the +ol%me, si2e and comple7ity of the transactions, the de#ree of ris/s, the de#ree of centrali2ation and dele#ation of a%thority, the e7tent and effecti+eness of information technolo#y and the e7tent of re#%latory compliance& 8he internal control system for mana#ement*s operational responsibility shall center on the Chief E7ec%ti+e fficer& 8he 'nternal A%ditor shall report to the A%dit Committee : LABSCBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) ection 11& Comm%nication 6rocess 8his an%al shall be a+ailable for inspection by any stoc/holder of the Corporation at reasonable ho%rs on b%siness days& Copies of this an%al shall also be made a+ailable to officers and employees& 'ndi+id%al Board members may, from time to time, at the re$%est of mana#ement, meet or other.ise comm%nicate .ith +ario%s constit%encies that are in+ol+ed .ith the Corporation& 'f comments from the Board are appropriate, they sho%ld, in most circ%mstances come from the Chairman of the Board or the 0irector desi#nated as spo/esperson for the Corporation& Section 1& rientation 6rocess Ne. directors sho%ld be familiari2ed .ith the Corporation*s operations, senior mana#ement and its b%siness en+ironment and be ind%cted in terms of their fid%ciary d%ties and responsibilities as .ell as in respect of the Board*s e7pectations& 'f ne. directors ha+e no board
e7perience, they sho%ld recei+e orientation in their %nacc%stomed responsibility& pport%nities for orientation for e7istin# and potential directors shall be identified and appropriate de+elopment %nderta/en& Section 1& ;eportorial or 0isclos%re System of Corporate o+ernance 6olicies 8he reports or disclos%res re$%ired %nder this an%al shall be prepared and s%bmitted to the Sec%rities and E7chan#e Commission by the responsible officer& Section 1!& 'n+estor*s ;i#ht and 6rotection 8he shareholders ha+e the ri#ht to recei+e timely and transparent information abo%t the Corporation& 8he Board reco#ni2es and shall respect the ri#hts of the stoc/holders %nder the la., the articles of incorporation and the by-la.s, specifically the stoc/holders* ri#ht to +ote, pre-empti+e ri#hts, po.er or inspection, ri#ht to di+idend and appraisal ri#hts& Section 1& 6ro+isions on Sta/eholders 8he Corporation shall f%lfill its obli#ations to its internal and e7ternal sta/eholders by promotin# a c%lt%re of #ood #o+ernance consistent .ith its corporate +al%es of e7cellence, team.or/, honesty, inte#rity, respect, meritocracy and ser+ice orientation& LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) C%stomers 8he Corporation shall deli+er hi#h $%ality and rele+ant prod%cts and ser+ices in order to deli+er better +al%e to its c%stomers& 't shall en#a#e its c%stomers and inno+ate to ens%re that it meets their needs& 8he Corporation shall abide by r%les and practices aimed at ens%rin# its c%stomers* health, safety and #eneral .ell-bein#& S%ppliersContractors 8he Corporation shall pro+ide clear, detailed, fair and transparent proc%rement policies and proced%res in order to foster m%t%ally beneficial relationship .ith its s%ppliers+endors& En+ironment 8he Corporation shall initiate and implement acti+ities to ens%re an acti+ely protected, ade$%ately rehabilitated, and s%stainably mana#ed en+ironment& =or/in# to.ards a more s%stainable .orld thro%#h en+ironmental responsibility, the Corporation shall de+elop policies and implement practices to minimi2e poll%tion and .aste, s%pport the %se of en+ironment-friendly prod%cts and comply .ith re#%latory re$%irements& Comm%nity 'nteraction 8he Corporation shall be a #ood corporate citi2en in the areas .here it operates& 't shall .or/ .ith +ario%s sectors and sta/eholders in an ethical, s%stainable, responsible and m%t%ally-beneficial manner aimed at %pliftin# the li+es of the comm%nity residents& Creditors 8he Corporation shall respect the ri#hts and interests of its creditors and .ill comply .ith all its obli#ations as specified in the terms and conditions of e7istin# loan a#reements& 't shall foster relationships .ith its creditors based on m%t%al tr%st, transparency and professionalism& Employees 8he Corporation reco#ni2es its h%man reso%rces as its most +al%able asset& 't shall protect the .elfare of its employees by pro+idin# them .ith a safe, pleasant and healthy .or/in# en+ironment in order for them to optimi2e their potential& 't shall /eep open lines of comm%nication and pro+ide
opport%nities for career and personal de+elopment& 8he Corporation shall foster and promote an en+ironment of professionalism based on competence, meritocracy, self-discipline and responsible beha+ior& 'n establishin# s%ch an en+ironment the Corporation shall establish clear policies and standards of acceptable beha+ior in performin# one*s Iob and in dealin# .ith co-employees and the p%blic that are consistent .ith corporate +al%es& A re.ards and reco#nition system desi#ned to reinforce +al%e contrib%tion and desired beha+ior, co%pled .ith competiti+e compensation and benefits, shall be instit%ted& 15 LABS-CBN C;6;A8'N an%al of Corporate o+ernance (re+ised 51!) 8he Corporation shall de+elop and implement policies and proced%res for handlin# employee complaints concernin# ille#al and %nethical beha+ior and shall protect employees .ho report these irre#%larities from retaliation& Section 1"& onitorin# and Assessment 8he Committees shall report to the Board in s%ch manner as the Board may re$%ire& 8his an%al shall be s%bIect to ann%al re+ie. or at s%ch fre$%ency as may be determined by the Board& Section 13& 6enalties for Non-Compliance .ith the an%al 8o strictly obser+e and implement the pro+isions of this an%al, the Board may ta/e appropriate actions, after notice and hearin#, on the indi+id%al directors, officers and employees, s%ch as cens%re, s%spension or remo+al from office dependin# on the #ra+ity of the offense as .ell as the fre$%ency of the +iolation& 8he commission of a serio%s +iolation of a material pro+ision of this an%al by any member of the Board of the Corporation shall be s%fficient ca%se for remo+al from directorship&
Compensation of Directors Members of the Board each receive per diems amounting to Php5,000.00 for their attendance to Board meetings. There are no other arrangements for remuneration either by way of payments for committee participation or consulting contracts.
Directors and Executive Ocers of the Issuer Board of Directors
g Sinc (ame
e
e
urrent Position
,ugenio #o*ez
" 51 Chairman of the Board
arlo 3oa4uin
! 51" 6resident, Chief E7ec%ti+e fficer, 0irector
Tadeo atig'ak ugusto lmeda5#o*ez (ame
:" %escri*tion 1:
ldrin errado
! 51 Chief 4inancial fficer
-olando Valdueza
51 9ead, Corporate Ser+ices ro%p and ro%p Chief 4inancial fficer r& E%#enio (abby) & ope2, ''', ser+es as Chairman of the Board of
,ugenio #o*ez
ABS-CBN since 0ecember 15, 13& 9e .as CE from 51" ChiefCorporation peratin# fficer of Broadcastin#
Ma. Socorro Vidanes -afael #o*ez
15,
4inance 0irector before he became eneral ana#er in 1::& r& ! 51! Chief 8echnolo#y fficer ope2 ''' #rad%ated .ith a Bachelor of Arts de#ree in 6olitical Science -icardo Tan 51! Compliance fficer from Bo.doin Colle#e& 9e has a asters de#ree in B%siness -a!mund Martin Miranda 51 Chief Strate#y fficer and Chief ;is/ ana#ement Administration from 9ar+ard B%siness School (9ar+ard Dni+ersity)& fficer Aside from leadin# ABS-CBN, r& ope2 ''' .as also elected as Mario Bautista "5 511 eneral Co%nsel Chairman of the Board of S/y Cable Corporation and Bayan Martin #o*ez
Maria -osario Bartolome
!! 8elecomm%nications& 515 9ead, 'nte#rated 9ear/etin# ser+es as 6resident of S/y
'igail 4uino
" 8reas%rer 9ead, ;e#ional Net.or/ ro%p of ope2, 'nc& and
#oraine tienza 3ose gustin Benitez
9oldin#s, ;oc/.ell " 6hilippine 55" 9ead, 'nte#rated Sales and, E%#enio ope2 4o%ndation and
ABS-CBN 9oldin#s Corporation& r& ope2 ''' is a recipient of +ario%s ! 51! 9ead, 9%man ;eso%rces and r#ani2ational 6hilippine broadcastin# ind%stry a.ards& 9e is Chairman of the 0e+elopment Nomination and Election Committee of the Company& ! 51! 9ead, 'nte#rated Corporate Comm%nications ane /oa arlo 3oa4uin r& Carlo oa$%in 8adeo & ?ati#ba/ has been 6resident, Chief ! 511 9ead, 'nternal A%dit Higino %ungo E7ec%ti+e fficer, 0irector of ABS-CBN Corporation since an%ary :, Tadeo atig'ak -o'ert #a'a!en ! 9ead, 'nte#rated Creati+e Comm%nications 51"& 9e had pre+io%sly been its Chief peratin# fficer since arch ana#ement 1, 51& 9e ser+ed as 9ead of Access, 6resident and Chief E7ec%ti+e 9ead, B%siness 0e+elopment for 'nte#rated Sports %ino 3acinto #aurena fficer of S/yCable from 51 %ntil arch 1, 51& 9e be#an his career P/il'ert Ber'a
%onald #im
: as 51 9ead, 0i#ital 0i+ision a financial analystedia .ith 4irst 6acific Capital Corp& in 1& 9e Ioined Chief fficer - 4inance S/ycableana#er and has held +ario%s S/yCable in peratin# 1! as Corporate
-odrigo Montinola
in Corporate 6ro+incial 51! 9ead, Corporate6lannin#, Ser+ices ro%p 1 perations and 4inance& 'n Mario arlo (e*omuceno positions Ga'riel Orendain
"
#uis Paolo Pineda
! 55 9ead - B%siness 0e+elopment
aesar Po'lador
9ead, ABS-CBN Dni+ersity
51 9ead - e#al Ser+ices
1:, he ser+ed as the first ana#in# 0irector of 6ilipino Cable Corporation .hich .as a res%lt of the mer#er bet.een S/y CableQs pro+incial systems and S%n Cable& 9e .as then assi#ned to ABS-CBN 'nteracti+e as ana#in# 0irector in 1& ABS-CBN 'nteracti+e pioneered +ario%s di#itals ser+ices s%ch as mobile do.nloads, interacti+e 8<, online ad+ertisin# and online +ideo-on-demand& 9e ret%rned to S/yCable as ana#in# 0irector in 55& r& ?ati#ba/ has a Bachelor of Science in ana#ement En#ineerin# from the Ateneo de anila Dni+ersity& r& ?ati#ba/ also completed the Ad+anced ana#ement 6ro#ram at 9ar+ard B%siness School, 9ar+ard Dni+ersity in 55& ugusto lmeda5
r& A%#%sto Almeda-ope2 ser+es as
#o*ez
ABS-CBN Corporation since April ", 1:& 9e is an al%mn%s of 0e a Salle Colle#e and Ateneo de anila Dni+ersity, is a #rad%ate of the Dni+ersity of the 6hilippines Colle#e of a. class 1 and he finished an Ad+anced ana#ement 6ro#ram co%rse at 9ar+ard Dni+ersity in 1"& 9e is a member of the S%ccession 6lannin# Committee and of the Compensation Committee for the Chairman and the Chief E7ec%ti+e fficer& 9e became a 0irector in 1::& 9e .as elected as
ldrin errado
r& Aldrin & Cerrado ser+es as Chief 4inancial fficer of ABS-CBN Corporation since 0ecember , 51& 6rior to Ioinin# ABS-CBN in %ly 1, 51, Aldrin .as a 6artner in SyCip orres
.hich incl%ded financial and commercial d%e dili#ence .or/ and mer#er and ac$%isitions ad+isory .or/& Aldrin completed his BachelorQs de#ree in B%siness Administration from the Dni+ersity of Santo 8homas in 11& 9e obtained his aster in B%siness ana#ement de#ree, .ith distinction, from the Asian 'nstit%te of ana#ement in 1 :& -olando Valdueza
r& ;olando (;on) 6&
Ma. Socorro Vidanes s& a& Socorro <&
Broadcastin# of ABS-CBN Corporation since 4ebr%ary 1, 51"& She ser+ed as 9ead, Broadcast from ay 1!, 51! %ntil arch 1, 51 .hen she .as appointed 9ead - 4ree 8<& s&
-afael #o*ez
r& ;afael & ope2 ser+es as Senior
Martin #o*ez
r& artin & ope2 ser+es as Chief 8echnolo#y fficer of ABS-CBN Corporation since 51!& 9e ser+ed as C' from %ne 1", 511 %ntil 51!& Before his appointment, he .as
-icardo Tan
r& ;icardo A& 8an, r&, ser+es as Compliance fficer of ABS-CBN Corporation since 0ecember , 51!& 9e ser+ed as 9ead - Corporate 8reas%ry from 0ecember , 51 %ntil 0ecember , 51!& Before Ioinin# ABS-CBN Corporation, he .as the Chief 4inancial fficer of
(finance di+ision), 6hilippine on# 0istance 8elephone Company (in +ario%s di+isions as
r& ;aym%nd artin 8& iranda ser+es as Chief Strate#y fficer and
Martin Miranda
Chief ;is/ ana#ement fficer of ABS-CBN Corporation since No+ember 51& r& iranda has been an Asia-6acific media e7ec%ti+e and strate#ist for more than 1 years& r& iranda .as appointed Chief Strate#y fficer in A%#%st 51& 9e .as also appointed Chief ;is/ fficer in a conc%rrent capacity in No+ember 51& As CS, r& iranda is tas/ed .ith desi#nin#, dri+in# and mana#in# the strate#ic plannin# process across the or#ani2ation& As C;, he is also tas/ed .ith leadin#, de+elopin# and mana#in# the ris/ mana#ement strate#ies, processes and policy re+ie.s of the or#ani2ation& 6rior to his appointment .ith ABS-CBN, he .as a cons%ltant for the company for +ario%s proIects& r& iranda ser+ed as the ana#in# 0irector, lobal Net.or/s Asia- 6acific of NBCDni+ersal from 553 to 511, headin# the entertainment channels di+ision of NBCDni+ersal across co%ntries& Before that, he spent a year in anila as the 6residentCE of Nation Broadcastin# Corporation (&74) and 9ead of Strate#y and Content for edia$%est 9oldin#s, 'nc& 4rom 1: to 55", he .as .ith 8he =alt 0isney Company in Sin#apore and anila as ana#in# 0irector So%th East Asia for =alt 0isney 'nternational, ana#in# 0irector for So%th East Asia?orea for =alt 0isney 8ele+ision 'nternational and the 9ead of ;adio 0isney Asia& 9e started his career in 4 radio before Ioinin# the A Net.or/ #ro%p in 1:3& 9e .as named
Mario Bautista
Atty& ario %2a Ba%tista ser+es as eneral Co%nsel of ABS-CBN Corporation since %ne 1", 511& 9e sits as a member in the Company E7ec%ti+e Committee, the Stratcom, the Ne.s and C%rrent Affairs ana#ement Committee and the Corporate Ser+ices ro%p E7ec%ti+e Committee& 9e li/e.ise pro+ides assistance to the CompanyQs ffice of the mb%dsman& 9e is a 4o%ndin# 6artner of the 6oblador Ba%tista and ;eyes a. ffice and has been its ana#in# 6artner since 1 %ntil the present& Atty& Ba%tista #rad%ated .ith a Bachelor of Arts 0e#ree in Comm%nication Arts from the Ateneo de anila Dni+ersity in 13& 9e obtained his Bachelor of a.s 0e#ree from the Dni+ersity of the 6hilippines in 13 and ran/ed no& " in the Bar E7aminations of that year& 9e .as a 6rofessor of Criminal a. at the Ateneo de anila School of a.& Atty& Ba%tista has been consistently cited as a Jleadin# la.yerJ by se+eral international p%blications in the fields of disp%te resol%tion, ban/in# and finance, ins%rance, capital mar/ets, telecoms and media, mer#ers and ac$%isitions, employment, corporate reor#ani2ationsinsol+ency and real estate&
Maria
s& aria ;osario S& Bartolome ser+es as 9ead, 'nte#rated ar/etin#
-osario Bartolome
of ABS-CBN Corporation& s& Bartolome #rad%ated from the Ateneo de anila Dni+ersity .ith a de#ree in Comm%nication Arts& s& Bartolome pro+ides o+erall leadership in mar/etin# the Company*s channels, pro#rams and campai#ns to ad+ertisers and media a#encies& s& Bartolome brin#s .ith her more than 13 years o f e7perience in inte#rated comm%nications plannin# and media mar/etin#& She is reco#ni2ed locally and internationally for her inno+ati+e and c%ttin# ed#e media sol%tions that ha+e shaped the 6hilippine media landscape& 6rior to Ioinin# ABS-CBN, she .as the ana#in# 0irector of Carat 6hilippines and .as
'igail 4uino
s& Abi#ail M& A$%ino ser+es as 9ead, ;e#ional Net.or/ ro%p of ABS-CBN Corporation& 6rior to her appointment, Atty& A$%ino .as the %2on Cl%ster 9ead from 55" to 51& 'n bet.een, she also ser+ed as the ;N
#oraine tienza
3ose gustin Benitez r& ose A#%stin C& Benite2, r&, ser+es as 9ead, 'nte#rated Sales of
ABS-CBN Corporation since April 55"& 9e is tas/ed .ith establishin# strate#ic lon#-term partnerships .ith a#encies and ad+ertiser clients& 9e .as formerly Sales 9ead of ABC Channel and of A Channel 3, and .as instr%mental in de+elopin# the Sales Dnits of both companies& Before becomin# in+ol+ed in Broadcast Sales, r& Benite2 .as formerly edia 0irector and
r& 6hilbert amberto Berba ser+es as 9ead, 9%man ;eso%rces and r#ani2ational 0e+elopment of ABS-CBN Corporation& 9e .as appointed on ay 1!, 51!& As head of h%man reso%rces and or#ani2ational de+elopment, r& Berba pro+ides o+ersi#ht and s%per+ision of the h%man reso%rces f%nctions of the Compan y and its s%bsidiaries& 6rior to Ioinin# the Company, he .or/ed .ith Bayan
8elecomm%nications 'nc& as the di+ision head of h%man reso%rces and or#ani2ation de+elopment as .ell& r& Berba is an al%mn%s of 0e a Salle Dni+ersity .ith a de#ree in Bachelor of Science maIor in 'nd%strial #t& En#ineerin# minor in Chemical En#ineerin#& ane /oa
r& ?ane Errol Choa ser+es as 9ead, 'nte#rated Corporate Comm%nications of ABS-CBN Corporation& 9e .as appointed on ay 1!, 51!& 6rior to Ioinin# ABS-CBN, he .or/ed as a 6; 0i+ision ana#er for E%ro A#atep Associates 'nc& 9e has 1 years of .or/ e7perience in media and comm%nications& 9e .or/ed as a broadcast Io%rnalist for ABC before shiftin# to political 6; %nder Senators iriam 0efensor Santia#o and anny
Higino %ungo
r& 9i#ino 0%n#o, r&, ser+es as 9ead, 'nternal A%dit of ABS-CBN Corporation since %ne 1", 511& r& 0%n#o Ioined ABS-CBN in %ly 55:& As head of 'nternal A%dit, he leads the 0i+ision in pro+idin# an independent assessment and appraisal of the effecti+eness of the 'nternal Control System thro%#ho%t the or#ani2ation thro%#h ris/ based operational, financial, compliance and cons%ltin# a%dit ser+ices& 6rior to Ioinin# the Company, he .or/ed .ith eralco for 5 years& r& 0%n#o is a Certified 6%blic Acco%ntant, an Accredited M%ality Ass%rance ;e+ie.er and a Certified 'nternal A%ditor&
-o'ert #a'a!en
r& ;oberto & abayen ser+es as 9ead, 'nte#rated Creati+e Comm%nications ana#ement of ABS-CBN Corporation& r& abayen spent years in ad+ertisin# prior to Ioinin# ABS-CBN in 55!& 9e started as a copy.riter and rose to the ran/ of ana#in# 6artner and E7ec%ti+e Creati+e 0irector& 9e also ser+ed the ad+ertisin# ind%stry as 6resident of the Creati+e %ild of the 6hilippines&
%ino 3acinto #aurena r& 0ino acinto & a%rena ser+es as 9ead, B%siness 0e+elopment for
'nte#rated Sports of ABS-CBN Corporation& 6rior to Ioinin# ABS-CBN, he .as the E7ec%ti+e
r& 0onald im ser+es as 9ead, 0i#ital edia 0i+ision of ABS-CBN Corporation& 9e .as appointed on ay 1!, 51!& 6rior to Ioinin# ABSCBN, r& im .as the Chief 'nno+ation fficer of cCann =orld#ro%p 6hilippines and ana#in# 0irector for ; anila& Before cCann, r& im .as also the 6resident and CE of @ehey 6hilippines and edia Contacts anila& 9e is the fo%nd in# president of the first and only di#ital mar/etin# association called 'nternet P obile ar/etin# Association of the 6hilippines ('A6), an association reco#ni2ed by the local and international ad+ertisin# and mar/etin# ind%stry& r& im is an al%mn%s of the Ateneo de anila Dni+ersity and completed his post #rad%ate st%dies at the %rdoch Dni+ersity for his BA and from Dni+ersity of 6hoeni7 his 0octorate de#ree in B%siness Administration& C%rrently, he also teaches %nder#rad%ate and #rad%ate st%dies in three different %ni+ersities&
-odrigo Montinola
r& ;odri#o ontinola ser+es as Chief peratin# fficer - S /ycable of ABS-CBN Corporation& 9e has been .ith the company for years, initially as its ar/etin# 9ead in 55"& ;ay has been instr%mental in the #ro.th and e7pansion of S?@ d%rin# the years he has been there --
maintainin# S?@cableQs leadership position in the 6hilippine cable ind%stry +ia di#iti2ation and establishin# S?@broadband as the co%ntryQs fastest 'nternet ser+ice& 6rior to S?@, ;ay .as in senior mar/etin# and sales positions in the telecomm%nications and pharmace%tical ind%stries& 9e is a #rad%ate of the Dni+ersity of the 6hilippines, holdin# a Bachelor of Science de#ree in B%siness Economics& Mario
r& ario Carlo 6& Nepom%ceno ser+es as 9ead, Corporate Ser+ices
arlo (e*omuceno
ro%p 1 of ABS-CBN Corporation since ay 1!, 51!& 9is career spans close to 5 years in the field of h%man reso%rces and or#ani2ational de+elopment .ith stints in brand mana#ement and sales& r& Nepom%ceno has .or/ed in a ran#e of ind%stries .ith both local and #lobal or#ani2ations, either as a cons%ltant or employee& 9e has had e7pos%re to the ban/in#, fast mo+in# cons%mer #oods, transportation, data, telecoms, cable, and B6 ind%stries, amon# others& %tside the pri+ate sector, he has ser+iced clients in the #o+ernment and non#o+ernment sectors as .ell& r& Nepom%ceno is a #rad%ate of the Ateneo de anila Dni+ersity .ith a bachelor*s de#ree in 6sycholo#y and is an accredited trainer and facilitator for n%mero%s mana#ement and leadership pro#rams&
Ga'riel Orendain
r& abriel 0& rendain ser+es as 9ead, ABS-CBN Dni+ersity of ABSCBN Corporation& As head of ABS-CBN Dni+ersity, r& rendain is mainly responsible for o+erall strate#y de+elopment and #eneral mana#ement of the Dni+ersity& 9is portfolio incl%des maintainin# an effecti+e and efficient #o+ernance str%ct%re .ithin the Dni+ersity, alliance and partnership .ith internal, e7ternal local and international partners, s%ccession plannin# and de+elopment, b%siness contin%ity plannin# and short and lon#-term facility plannin#& 9e brin#s .ith him more than 5 years of e7perience in earnin# and 0e+elopment& 6rior to Ioinin# ABS-CBN, r& rendain .as the earnin# and 0e+elopment
and Corporate Dni+ersity 9ead of 6 or#an and Chase P Co&, 6hilippines& 9e st%died BS Ed%cation, maIor in 6h ysics at 0on BoscoSeminary Colle#e in 1:5& 9e also st%died post-#rad%ate st%dies on Action-earnin# from Staatsinstit%t fr Sch%l$%alitTt %nd Bild%n#sforsch%n# (State 'nstit%te for M%ality Ed%cation and 8rainin# ;esearch) %nich, ermanyK a certification in nlineE-earnin# 'nstr%ction and 6ro+incial 'nstr%ctor 0iploma from
r& %is 6aolo & 6ineda ser+es as 9ead, B%siness 0e+elopment of ABS-CBN Corporation since 55& 9e Ioined ABS-CBN 'nteracti+e in 555 as B%siness 0e+elopment ana#er for pinoycentral&com .here he .as able to establish partnerships and identified potential Ioint +ent%res .ith companies in the same ind%stry& 9is .or/ e+ent%ally incl%ded coordination .ith all ABS-CBN media platforms, concept%ali2ation, e7ec%tion, and e+al%ation of mobile applications& 9e .as promoted to 0irector in 55 and Assistant
aesar Po'lador
Atty& Caesar & 6oblador ser+es as 9ead - e#al Ser+ices of ABS-CBN Corporation since 4ebr%ary 5, 51& 6rior to Ioinin# ABS-CBN, Atty& 6oblador .as a partner at 4ederis and Associates a. office& 9is liti#ation practice foc%ses on three main areas of la. transportation and a+iation, labor and h%man relations, and maritime& Atty& 6oblador earned his la. de#ree in 1: and Bachelor*s 0e#ree in 6olitical Science in
131 from the Dni+ersity of the 6hilippines&
,"el!n -a!mundo
s& E+elyn 0& ;aym%ndo ser+es as 9ead, 'nte#rated Ac$%isition and 'nte#rated Sales P 0istrib%tion of ABS-CBN Corporation since a y 1!, 51!& She ser+ed as 9ead - 6ro#ram Ac$%isitions, 'nternational Sales and 0istrib%tion and 088 Channels from %ne ", 511 to 51, and as 9ead - Ac$%isition, 0istrib%tion P 088 Channels from 51 to 0ecember 1, 51& 9er career be#an in 1:: as an e7ec%ti+e prod%cer for both A-3 and ABS-CBN& 'n the early 15s, she .as then promoted as ABS-CBN pro#rammin# mana#er& After .hich she .as also assi#ned as pro#rammin# director of S/ycable and then later became
Ma. -egina -e!es
s& a& ;e#ina (in#) E& ;eyes ser+es as 9ea d, 'nte#rated Ne.s and C%rrent Affairs of ABS-CBN Corporation& s& ;eyes is responsible for all ne.s#atherin#, content and strate#ic direction of the Ne.s and C%rrent Affairs 0i+ision of ABS-CBN Corporation& She has o+er 5 years of solid e7perience as a broadcast Io%rnalist& She Ioined ABS-CBN in 1:" as a 6rod%ction Assistant, rose from the ran/s to become E7ec%ti+e 6rod%cer and 9ead =riter of J8he =orld 8oni#htJ and other special e+ents, and e+ent%ally, 0irector for Ne.s 6rod%ction& 6rior to her appointment as 9ead of Ne.s and C%rrent Affairs, she .as ABSCBN*S North America Ne.s B%rea% Chief from 55 to 515& She e7panded the ne.s operations of ABS-CBN in the Dnited States and Canada, contrib%tin# to the #lobal content needs of ABS-CBN& 'n 553, she .as named by the 4ilipina =omen*s Net.or/ as one of the 155
ost 'nfl%ential 4ilipino =omen in the D&S&
Ma. #ourdes Santos
s& a& o%rdes N& Santos has been Chief peratin# fficer of Star Creati+es of ABS-CBN Corporation since 4ebr%ary 1, 51", after bein# its 9ead - Star Creati+es since 51!& She ser+ed as Senior
Maria
s& aria ;osario N& Santos-Concio has been redesi#nated Chief
-osario Santos5
Content fficer, 6resident of ABS-CBN Dni+ersity and E7ec%ti+e
oncio
Ad+iser to the Chairman of ABS-CBN Corporation .ith effect from an%ary 1, 51"& She had pre+io%sly been 6resident, Chief E7ec%ti+e fficer, Chief peratin# fficer and 0irector of the Compan y since an%ary 1, 51& s& Santos-Concio #rad%ated c%m la%de from St& 6a%l*s Colle#e in anila .ith a Comm%nications Arts de#ree& s& Santos-Concio also completed the Ad+anced ana#ement 6ro#ram at 9ar+ard B%siness School, 9ar+ard Dni+ersity, in 553& She .as
pre+io%sly the 9ead of Channel e#a anila ana#ement& nscreen, s& Santos-Concio hosts ABS-CBN Channel *s lon#est r%nnin# drama antholo#y aalaala o ?aya& s& Santos-Concio be#an her career in the Company as a 8ele+ision 6rod%ction Cons%ltant in 1:3 after .or/in# as a line prod%cer for BanCom, A%dio+ision,
s&
ntonio Ventosa
r& Antonio S&
the field of ad+ertisin#& r&
r& 4ernando <&
Manuel Torres
Atty& an%el && 8orres ser+es as Corporate Secretary of ABS-CBN Corporation since 1& 9e is a senior partner at the la. firm of M%iason a/alintal Barot 8orres 'barra P Sison, .here he has acti+ely been en#a#ed in the practice of la. since its inception in 13!& r& 8orres #rad%ated c%m la%de from San Beda Colle#e in 1"", .ith a Bachelor of Science de#ree in Commercial Science& 9e obtained his Bachelor of a.s de#ree from San Beda Colle#e of a. in 13 and placed th in the bar e7aminations of that year& 9e is also a Certified 6%blic Acco%ntant&
,nri4ue 6uiason
Atty& Enri$%e '& M%iason ser+es as Assistant Corporate Secretary of ABS-CBN Corporation& 9e holds a Bachelor of Science in B%siness Economics from Dni+ersity of the 6hilippines (1:1), Bachelors of a. from Dni+ersity of the 6hilippines (1:) and aster of e#al etters in Sec%rities and Corporate 4inance (11) from eor#eto.n Dni+ersity& 9e is a senior partner of the M%iason a/alintal Barot 8orres 'barra P Sison a. ffice& 9e is the corporate secretary of 469C, 9 C, ope2, 'nc& ;oc/.ell, ABS-CBN 9oldin#s, 'nc&, Bayan 8elecomm%nications, 'nc&, and S/y Cable Corporation&
Federico Garcia
r& 4ederico & arcia ser+es as a 0irector of ABS-CBN Corporation since A%#%st 3, 55"& 9e .as 6resident of ABS-CBN from 1: to 55& 6rior to his appointment as 6resident, r& arcia .as E7ec%ti+e
Federico #o*ez
r& 4ederico ;& ope2 ser+es as a 0irector of ABS-CBN Corporation since 1& r& ope2 #rad%ated from the Dni+ersity of 6ennsyl+ania .ith a Bachelor of Arts de#ree in Economics and 'nternational ;elations, c%m la%de, in 1:& r& ope2 is Chairman of the Board of 4irst 6hilippine 9oldin#s Corporation, 4irst en Corporation, Ener#y 0e+elopment Corporation, 4irst 6hilippine 'nd%strial 6ar/ and 4irst en ;ene.ables, 'nc& 9e also ser+es as the
Manuel #o*ez
Amb& an%el & ope2 ser+es as a 0irector of ABS-CBN Corporation since %ly :, 515& 9e .as CompanyQs 0irector from 135 to %ne 5, 55& 9e is the Chairman and Chief E7ec%ti+e fficer of ope2 9oldin#s Corporation& 9e is a holder of a Bachelor of Science de#ree in B%siness Administration from Dni+ersity of the East and attended the 6ro#ram for ana#ement 0e+elopment at the 9ar+ard B%siness School, 9ar+ard Dni+ersity& 9e is the chairman of ;oc/.ell and, S/y
Oscar #o*ez
r& scar & ope2 ser+es as a 0irector of ABS-CBN Corporation since 1""& r& ope2 has a asters de#ree in 6%blic Administration from the itta%er School of 6%blic Administration in 9ar+ard Dni+ersity (1), the instit%tion .here he also earned his Bac helor of Arts de#ree, c%m la%de in 11& 9e also ser+es as Chairman Emerit%s of 4irst 6hilippine 9oldin#s Corporation, ope2 9oldin#s Corporation, 4irst en Corporation, Ener#y 0e+elopment Corporation, 4irst 6hilippine 'nd%strial 6ar/ and 4irst en ;ene.ables, 'nc& and ;oc/.ell and& 9e is also the 6resident of ope2, 'nc& and ABS-CBN 9oldin#s, Corporation and a 8r%stee in E%#enio ope2 4o%ndation& r& ope2 has led 469C*s efforts in other b%sinesses aside from ener#y and po.er, incl%din# toll road constr%ction, ind%strial par/ and real estate de+elopment, and electronics man%fact%rin#&
Presentacion Psinakis s& 6resentacion & 6sina/is ser+es as a 0irector of ABS-CBN
Corporation since 1::& She too/ a Bachelor of Arts co%rse in St& ScholasticaQs Colle#e (Colle#e of St& Scholastica)& s& 6sina/is is the Chairman of the Board of ope2, 'nc& She is also a member of the Board of 8r%stees of E%#enio ope2 4o%ndation, 'nc& and a 0irector of ABSCBN 9oldin#s Corporation&
Sal"ador Tirona
r& Sal+ador & 8irona ser+es as 0irector of ABS-CBN Corporation since %ly :, 515& 9e holds a Bachelor de#ree in Economics from the Ateneo de anila Dni+ersity and aster of B%siness Administration from the same %ni+ersity& 9e attended the fi+e-day 6rofessional 0irectorsQ 6ro#ram of the 'nstit%te of Corporate 0irectors& 9e is the 6resident and Chief peratin# fficer and conc%rrently, Chief 4inance fficer of ope2 9oldin#s Corporation& 9e initially Ioined ope2 9oldin#s Corporation as its Chief 4inance fficer in September 55 and held this position %ntil his appointment to his c%rrent p osition in 515& 9e is c%rrently the Comptroller of ABS-CBN 9oldin#s Corporation and 0irector of S/y
,mmanuel de %ios
r& Emman%el S& de 0ios ser+es as 'ndependent 0irector of ABS-CBN Corporation since 51& 9e recei+ed his AB Economics de#ree from the Ateneo de anila Dni+ersity c%m la%de in 13: and his 6h&0& in Economics from the Dni+ersity of the 6hilippines in 1:3& 9e p%rs%ed post-doctoral st%dies in the Dni+ersitaet ?onstan2 in ermany from 1:3 to 1::& 9e is the a%thor of +ario%s boo/s, mono#raphs, articles and re+ie.s in the field of economics& r& de 0ios is a 6rofessor of Economics at the Dni+ersity of the 6hilippines School of Economics since 1:& 9e is also the 6resident of 9%man 0e+elopment Net.or/ (6hilippines) since %ly 51& 9e .as the 0ean of the Dni+ersity of the 6hilippines School of Economics from 553 to 5 15& 9e .as a member of the Board of Ad+isers to the Board of 0irectors of the Corporation from 511 %ntil his election as an 'ndependent 0irector in 51& 9e is a member of the Board of 8r%stees of 6%lse Asia (6hilippines), 'nc& since 55:&
