www.finex.org.ph Official Publication of the Financial Executives Institute of the Philippines Volume 11 No. 1 January 2017 Coming of Age 2017 FINEX BOARD OF DIRECTORS PROFILE THEME: His Eminence artworkby Luis Antonio G. Cardinal Tagle Archbishop of Manila JERIC key points By MANNY GUILLERMO and J. ALBERT GAMBOA PUBLISHER Media Affairs Committee Prelude to a Jubilee n this fast-paced age of accelerated globalization and technological 2017 Editorial Board advancements, achieving 50 years of meaningful existence gives a whole new meaning to the golden anniversary. President I Atty. Benedicta Du-Baladad Next year, FINEX celebrates not only a magnificent feat, but also presents itself for meaningful changes, for disruption even. We probably need to jolt Liaison Director ourselves into some form of self-examination. Florencia G. Tarriela Are we doing the things we ought to be doing? In which way can we serve Co-Chairs the financial community better? Manuel R. Guillermo Joseph Albert A. Gamboa How well are we helping educate the general public to protect them from being victimized by financial scams? Shouldn’t we influence the infusion Vice Chair of basic financial prudence at the grade school level so that the youth can Blanquita C. Mercado be taught to save and invest early on? Must we not help in cautioning their uninitiated parents about falling prey to scammers? Advisers Wilma I. Miranda As a responsible institution that has earned its rightful place in Philippine George S. Chua society, FINEX is ripe for self-disruption and constructive changes. The next 12 months would be an opportune time to prepare for such a major milestone Editor-in-Chief, FINEX Focus in our organization’s life. Normita A. Lansang-Villaruz 2 SUB-COMMITTEE CHAIRS Broadcast Media contents F Volume 11 No. 1 • January 2017 Zoilo P. Dejaresco III I N Business Columns Reynaldo C. Lugtu, Jr. E Directory and Social Media features X Marybeth T. Delgado PROFILE: His Eminence Luis Antonio G. Cardinal Tagle 5 Golden Jubilee Book COVER STORY: Coming of Age 6 F Joseph Albert A. Gamboa O Special Media Events C Blanquita C. Mercado U columns S Key Points 2 Staff Coordinator Myla Niñofranco-Concepcion Life’s Inner Garden 3 Editorial Notes 3 President’s Corner 4 Financial Executives Institute of the Philippines (FINEX ) Roberto F. De Ocampo Center for Financial Excellence regulars 19/F 139 Corporate Center, Valero St. Pics of the Month 9 cor. Sedeño, Salcedo Village, Makati City T: 811-4052, 811-41-86 to 89 Committee News 10 F: 811-4185 Birthday Celebrators 11 Email: [email protected] New Members 11 Web: www.finex.org.ph Facebook: https://www.facebook.com/finexphilippines/ life’s inner garden editorial notes By Wilma inVenTor-miranDa By noemi lansang-Villaruz Dynamic The Right Perspective for Leadership the New Year and Progress ongratulations to the past 2016 successful leadership s we step into the New Year, we have two options of FINEX headed by past President George Chua – to be excited or to be anxious of what the year Cand for the 2017 new set of dynamic Board of Ahas in store for us. But no matter how pessimistic Directors headed by President Benedicta Du- Baladad. some people would view the year ahead, the best alternative is to really see it in a more positive way. This year’s theme “Leading in Financial and Economic Reforms” augurs well with the country’ s positioning as an Asian growth leader and rising tiger economy in Asia. When our day is filled with wall-to-wall meetings, trifles which irritate us, co-workers who get into our nerves, As leaders in financial excellence, we are urged to take problems which seem insurmountable, clients who are the lead in contributing to the country’s financial and demanding - one can be sure to hit a brick wall in economic growth, progress and reforms. one’s efforts to maintain a positive attitude. But still the decision is yours to make the most of any situation and Together as one voice, we could find strength in our you alone can control your attitude. united stand and advocacies on significant financial and economic issues and concerns affecting our country as 3 In www.saddleback.com it was suggested that a person a whole. And it is at this point in time when we need to should focus on the things he enjoys about his job and act and contribute promptly so that we do not miss the workplace, and improve on the things he does not enjoy chance to truly become the leader of growth in Asia. F to make it more tolerable. Let us all be charitable in contributing our talents, time and I resources to effectively accomplish our Institute’s goals. Some people are already anxious when they wake up N With one heart and one mind, let us adhere and act on in the morning. But we always have the choice to view our advocacies, so that by year-end, we can truly say we E the day in a better perspective. We should not depend have done our part, achieved our goals and accomplished X on our emotions and circumstances and allow it to our objectives. determine our day. Rather our mind should control F our emotions and set the tone for our everyday life. Our best shot for 2017! Cheers! That way we can think clearly, strategize creatively, and O decide effectively. C U We should always enjoy each day, make our work S more meaningful, and cherish the time we spend with our families and loved ones. If our attitude is always negative, there is no reason that tomorrow will be different. Our attitude can extend to the way we treat our family when we come home from work. When we are so preoccupied and worried about our work and have a whole stressful day, we can carry the same stress at home. A saying goes “a cheerful heart is good medicine, but a broken spirit dries up the bones”. Why worry when JERIC you can be merry? That way you can take good care of your body, mind and spirit as well. artworkby president’s corner By Dick Du-BalaDaD Leading in Financial and Economic Reforms is seen to be the year when economic Romy Bernardo, an adviser of the Cluster, “FINEX should push and financial reforms will take the center for down-to-earth reforms so that public resources are used well, 2017 stage. Change is coming in the financial efficiently and transparently, with improved accountability, from arena. Tax Reform. Budget Reform. Amending the economic budgeting, to cash management, to audit. The same principles provisions of the Constitution. Lifting of bank secrecy. and processes we employ in our corporations. “ Reforming the pension system. Reforming capital market laws, rules and practices to align with ASEAN best practices. Also, reforming the pension fund system to be fair and sustainable is a timely advocacy in the light of the move to increase pension And so this year, FINEX responds by taking the lead. Not just benefits and the corresponding move to increase contributions, rising above the challenges from these reforms, but LEAD. spurring fears of bankruptcy of the pension funds and concerns for intergenerational inequity. Advocacy to develop a robust LEADING IN FINANCIAL AND ECONOMIC REFORMS. market for PERA (Personal Equity Retirement Act), a voluntary This theme has been carefully chosen to embody the role that pension fund, will be covered as well. FINEX must embrace in 2017. As we face the many challenges of a new economic order driven by changes in international In addition to all these, FINEX will continue to lead, elevate to and domestic rules, policies, concepts and practices, FINEX a higher plane its advocacy to push for a developed, robust, must not only rise above these challenges but FINEX, with its and competitive capital market. ASEAN integration will drive deep pool of 800 financial executives and experts, must be reforms on how capital market structures work, - the rules, the at the center, being a thought leader, a leading advocate, an practices, the regulatory framework. And FINEX shall lead influencer in the crafting of policies, and an able partner of the in these advocacies. FINEX is Co-Chair of the Capital Market government in pushing for a better Philippines. Development Council. Along this line, focus is given to advocacy and membership. Membership Cluster An Advocacy Cluster and Membership Cluster were thus 4 The Membership Cluster was created to synchronize all activities created. The Advocacy Cluster will champion the advocacies of the different committees related to membership such as that will be identified while the Membership Cluster will work recruitment, retention, professional development, fellowship and to attract and retain financial experts in varied fields to support sports, meetings and programs, and media affairs, with the end the advocacies. F objective of attracting talents and keeping its members satisfied. I The Advocacy Cluster FINEX boasts of having a wide pool of finance experts and we N continue to widen that. The Advocacy Cluster was created to have a more focused, E coherent, visible and effective advocacy. It is composed of A more targeted recruitment, streamlined acceptance process, X 4 major committees - the National Affairs Committee headed more relevant topics and speakers for monthly meetings, seminars by Peter Wallace and Eddie Yap, the Committee on Good and conferences, more frequent fellowship activities such as the Governance headed by Terrie Magleo and Ma. Sherisa Nuesa, family fun day, basketball and bowling tournaments which will F the Capital Markets Development Committee headed by Zondy be revived, women’s circle will be formed, and communication O Garcia and Edu Olbes, and the Tax and Legal headed by me and to members will be improved.