DRAFT MAP 2018 ANNUAL REPORT as of December 18, 2018

MAP THEME FOR 2018

“COMPETING IN THE AGE OF DISRUPTION”

In 2018, the MAP encouraged collaborative and transformative programs that help organizations face the massive disruptions caused by advancements in technology, innovations in business models, prominence of borderless competition, adaptation to climate change, and dynamism in geopolitics.

In pursuing its mission of promoting management excellence for nation-building, the MAP partnered with the business community, the government, the academe and the civil society in pushing for reforms that help the country improve its competitiveness, enable businesses to capitalize on disruptions, encourage the government to sustain a level-playing business environment, and inspire the citizenry to contribute to social progress.

PRIORITY PROGRAMS FOR 2018

The MAP delved on the following three (3) policy programs for 2018:

1. Ease of Doing Business and Competitiveness 2. Managing Business Disruptions 3. Data Privacy

EASE OF DOING BUSINESS AND COMPETITIVENESS

The MAP focused in 2018 on helping to improve the ease of doing business in the Philippines so it can contribute to attracting local and foreign investments, creating more jobs, and ensuring inclusive growth.

The MAP continued to push for reforms and policies that foster an enabling business environment. The MAP remained steadfast in advocating for practical solutions that facilitated the business registration and accreditation process, and address bureaucratic problems faced by investors.

Page 1 of 46

The MAP conducted the following activities in line with its Ease of Doing Business advocacy:

1. JULY 31 MAP GMM on “Improving the Ease of Doing Business in the Philippines.”

(l-r) Atty. ALEXANDER “Alex” B. CABRERA, Chair of MAP Tax Committee and Chair and Senior Partner of Isla Lipana & Co./PwC Philippines; Ms. TOMASA “Tammy” H. LIPANA , Chair of MAP Ease of Doing Business and Competitiveness Committee and Independent Director of SM Investments Corporation; Mr. MICHAEL ALCANTARA, Global Retail Real Estate Manager of Pilipinas Shell Petroleum Corp.; Usec. ROWEL S. BARBA, Undersecretary, Competitiveness and Ease of Doing Business Group (CEODBG) of Department of Trade and Industry (DTI); Atty. VICENTE FROILAN “Froi” M. CASTELO, General Counsel and SVP, Globe Telecom, Inc. and President, Philippine Chamber of Telecommunications Operators (PCTO); Mayor MA. LOURDES “Marides” C. FERNANDO, former Mayor of Marikina City and President of Bright Future Realty, Inc.; and Mr. GUILLERMO “Bill” M. LUZ, former Private Sector Co-Chair, National Competitiveness Council (NCC).

(l-r) Atty. ALEX CABRERA, Ms. TAMMY LIPANA, Mr. MIKE ALCANTARA, Usec. ROWEL BARBA, MAP President MON FERNANDEZ, Atty. FROI CASTELO, former Marikina Mayor MARIDES FERNANDO and Mr. BILL LUZ.

Speaker: 1.1.1. Usec. ROWEL S. BARBA, Undersecretary, Competitiveness and Ease of Doing Business Group (CEODBG), Department of Trade and Industry (DTI)

Page 2 of 46

Panelists: 1.1.2. Mr. MICHAEL “Mike” S. ALCANTARA, Global Head for Retail Real Estate, SHELL 1.1.3. Atty. V. FROILAN “Froi” M. CASTELO, General Counsel and SVP, GLOBE Telecom, Inc.; President, Philippine Chamber of Telecommunications Operators (PCTO) 1.1.4. Mayor MA. LOURDES “Marides” C. FERNANDO, former Mayor of Marikina City; President, Bright Future Realty, Inc. 1.1.5. Mr. GUILLERMO “Bill” M. LUZ, former Private Sector Co-Chair, National Competitiveness Council (NCC); Associate Director, Ayala Corporation

MANAGING BUSINESS DISRUPTIONS

In these times when so many changes are happening— at a very fast pace at that — organizations must adapt, or die. History has shown that even huge corporations are not invulnerable to disruptions. There is really no choice but to adapt, and some organizations need more help than others to turn disruptions into opportunities.

As long as programs are in place to increase the readiness of people in adopting new processes and technologies, disruptive innovations could potentially yield societal and economic benefits.

The MAP conducted the following activities in line with the Managing Business Disruptions advocacy:

1. FEBRUARY 27 MAP GMM on “Competing in the Age of Disruption”

(l-r) Ms. CAROL DOMINGUEZ, Mr. DUANE WILLIAMS, Mr. JOSHUA HO, Mr. CONSTANTIN ROBERTZ, MAP President MON FERNANDEZ, Dr. PARIS DE L’ETRAZ and Mr. TULLY MOSS

Speaker/Panelist: 2.1.1. Dr. PARIS DE L´ETRAZ, Professor, IE Business School of Madrid, Spain

Panelists: 2.1.2. Mr. JOSHUA HO, SVP International, Go-Jek Indonesia 2.1.3. Mr. CONSTANTIN ROBERTZ, Managing Director, Zalora Philippines 2.1.4. Mr. JEROME UY, Founder and CEO, Medgrocer.com Page 3 of 46

2.1.5. Mr. DUANE WILLIAMS, Group CFO, Voyager Innovations

Moderator: 2.1.6. Mr. HENRY TULLY MOSS III, President, The Magellan Alliance

2. JULY 4 MAP GMM on “Demystifying BLOCKCHAIN in the Age of Disruption”

(l-r) Ms. CAROL DOMINGUEZ, Dr. PARIS DE L’ETRAZ, Comm. EPHYRO LUIS AMATONG, Mr. NICHEL GABA, Mr. TOM MENNER, MAP President MON FERNANDEZ, Dr. TITO ORTIZ and Director MELCHOR PLABASAN

Speaker/Panelist: 1.1 Mr. TOM MENNER, Director for Solution Architecture in Asia, R3 (Singapore)

Panelists: 1.2 Comm. EPHYRO LUIS B. AMATONG, Commissioner, Securities and Exchange Commission (SEC) 1.3 Mr. NICHEL GABA, Co-Founder and CEO, Philippine Digital Asset Exchange (PDAX) 1.4 Dr. JUSTO “Tito” A. ORTIZ, Chair, Blockchain Association of the Philippines (BAP) 1.5 Director MELCHOR T. PLABASAN, Deputy Director and Head of Core IT Specialist Group, Bangko Sentral ng Pilipinas (BSP)

Moderator 1.6 Dr. PARIS DE L´ETRAZ, Professor, IE Business School of Madrid, Spain

DATA PRIVACY

Data Privacy and Cyber Security are issues that keep MAP members and other CEOs awake at night. While there have been robust developments in the field of data protection, data breaches remain as pervasive as ever. If the seemingly impenetrable Pentagon is vulnerable to data breaches, how can an ordinary individual protect his personal information?

Page 4 of 46

Cyber-attacks put every organization at risk. Business continuity is unequivocally a Board Room responsibility, so business leaders and directors will have to increase the attention and resources they devote to Data Privacy and Cyber Security.

In 2018, MAP conducted the following programs aimed at enlightening its members and their stakeholders on how to protect sensitive personal information and enhance cyber security.

1. APRIL 27 MAP GMM on “Protecting DATA PRIVACY in the Age of Disruption”

(l-r) Mr. DIETRICH BENJES, Mr. JAIME GARCHITORENA, Comm. RAYMUND LIBORO, Atty. TESS HERBOSA, MAP President MON FERNANDEZ, MAP ICT Committee Chair HELEN MACASAET and Mr. JALLAIN MANRIQUE.

Speaker/Panelist: 1.1 Comm. RAYMUND LIBORO, Commissioner, National Privacy Commission (NPC)

Panelists: 1.2 Mr. DIETRICH BENJES, VP – Asia Pacific, Varonis System 1.3 Mr. JAIME P. GARCHITORENA, President and CEO, Credit Information Corporation (CIC) 1.4 Atty. TERESITA “Tess” J. HERBOSA, former Chair, Securities and Exchange Commission (SEC) 1.5 Mr. JALLAIN MARCEL “Jallain” S. MANRIQUE, Director for IT Advisory, KPMG R.G. Manabat & Co.

MEMBER BENEFITS

1. APRIL 24 MAP GOLF CUP FOR CSR 2018

1.1 The MAP Golf Cup for CSR 2018 --- held on April 24 (Tuesday) at the Wack Wack Golf and Country Club --- generated an all-time high net income of P1.5 million and 112 players.

Page 5 of 46

(l-r): MAP Sports, Fellowship and Wellness Committee (SFWC) Vice Chair PENG PEREZ DE TAGLE, MAP Governor RENE ALMENDRAS and MAP SFWC Chair EBOT TAN

The CHAMPIONS (l-r): MAP Governor RENE ALMENDRAS, MAP Sports, Fellowship & Wellness Committee Co-Vice Chair PENG PEREZ DE TAGLE, The Manila Times Executive Editor, President and CEO KLINK ANG, MAP President MON FERNANDEZ, Guest Division Class B Champion MARK ABASTILLAS, Guest Division Class A Champion TONY AREVALO, Guest Division Class D Champion PJ GARCIA, Member Division Class D Champion JJ MORENO, Member Division Class A Champion EULS AUSTIN, Member Division Class B Champion CRIS ACOSTA, Guest Division Class C Champion ROBERTO VERGARA and MAP SFWC Co-Chair EBOT TAN.

1.2 The Golf Cup was co-presented by THE MANILA TIMES. The beneficiaries of the Golf Cup were the following:

1.2.1 MAP’s Teachers Training Program --- MAP-AIM Management Educators Workshop (MEW) 1.2.2 MAP EMERGE (Educated Marginalized Entrepreneurs Resource GEneration) Program 1.2.3 Children’s Hour 1.2.4 MAP CSR Fund

1.3 The MAP Golf Cup provides an exciting opportunity for camaraderie and friendly competition among MAP members and the cream of management professionals from the nation’s leading corporations and business organizations. The event also offers participants and sponsors a great opportunity to play a good round of golf and at the same time be able to do their share for CSR.

Page 6 of 46

2. OTHER MAP GMMs

2.1 MARCH 6 MAP Economic Briefing 2018 and MAP General Membership Meeting (GMM) with Bangko Sentral ng Pilipinas (BSP) Governor NESTOR “Nesting” A. ESPENILLA, JR.

2.2 MAY 29 MAP GMM on “TRAIN 2” with the following Panelists:

2.2.1 Cong. DAKILA CARLO “Dax” E. CUA, Chair, HOUSE Ways and Means Committee 2.2.2 Asec. MA. TERESA HABITAN, Assistant Secretary for Strategy, Economics, and Results Group, DOF

(l-r) Mr. EDDIE YAP, Asec. TONY LAMBINO, Cong. DAKILA CUA, Mr. MON FERNANDEZ and Atty. ALEX CABRERA.

2.3 AUGUST 28 MAP GMM on “The Draft Constitution for Federalism” with Former Chief Justice REYNATO S. PUNO, Chair, Consultative Committee to Review the 1987 Constitution

(l-r) Mr. SANTI DUMLAO, Atty. EUNEY MATA PEREZ, Mr. MON Page 7 of 46 FERNANDEZ, Ms. MARIVIC ESPANO and Mr. PETER WALLACE.

2.4 SEPTEMBER 11 MAP GMM on "A Critical Assessment of the Draft Constitution for Federalism" with the following speakers:

2.4.1 Sec. MARGARITO “Gary” B. TEVES, Former Secretary of Finance 2.4.2 Atty. CHRISTIAN “Chris” S. MONSOD, Member, 1987 Constitutional Commission

(l-r) Ms JERMAINE BOMBASI, Mr. MON FERNANDEZ, Atty. CHRIS MONSOD, Sec. GARY TEVES, Mr. EDDIE YAP, Ms. MARIVIC ESPANO, Ms. TAMMY LIPANA and Mr. ROMY BERNARDO.

2.5 SEPTEMBER 25 Joint MAP-PMAP GMM on “Attracting, Developing and Retaining Talent to Compete in the Age of Disruption”

Speaker: 2.5.1 Mr. ANTHONY OUNDJIAN, Partner and Managing Director, Boston Consulting Group (BCG)

Panelists: 2.5.2 Ms. KAREN S. ANGELES, Senior HR Generalist, CITIBANK 2.5.3 Mr. MICHAEL BERNIL, Co-Founder and CEO, EXORA Philippines 2.5.4 Ms. ANNA GREEN, CEO, Australia and New Zealand Banking Group 2.5.5 Mr. NICASIO “Nic” LIM, SVP, Corporate Resources Group, JG Summit Holdings, Inc. 2.5.6 Mr. JOHN PHILIP “JP” S. ORBETA, Managing Director and Head, Corporate Resources Group, Ayala Corporation

(l-r) Dr. PETER CHEE, Ms. KAREN ANGELES, Mr. MICHAEL BERNIL, Mr. ANTHONY OUNDJIAN, Ms. ANNA GREEN, Mr. NIC LIM and Mr. JP ORBETA. Page 8 of 46

2.6 OCTOBER 26 MAP GMM on “The Future of Energy” with Shell Global Head of Scenario Planning Mr. JEREMY BENTHAM

3. MAP NETWORKING FELLOWSHIP in honor of New MAP Members Inducted in 2017 and 2018

The MAP hold networking opportunities to enable MAP members to get to know and interact with one another.

This is one way of promoting camaraderie and providing a venue for networking among MAP members.

The fellowship was held on October 24, 2018, Wednesday, 6:00 PM to 9:00 PM at the STRUMM’S MAKATI.

PROGRAMS

1. JUNE 18 MAP DINNER-CONCERT TRIBUTE TO “MAP MANAGEMENT MAN OF THE YEAR” AWARDEES

1.1 The MAP conducted the MAP Dinner-Concert Tribute to “MAP Management Man of the Year” Awardees at the Rizal Ballroom of the Makati Shangri-La.

1.2 The MAP gathered for the very first time all the “MAP Management Man of the Year” awardees and their representatives as a fitting Tribute for their accomplishments in leadership and management, and for serving as inspiration and role models for Filipino managers in their pursuit of excellence.

1.3 The beneficiaries were the following:

1.3.1 MAP’s Teachers Training Program 1.3.2 Marginalized Entrepreneurs’ Financial Inclusion through the MAP’s EMERGE (Educated Marginalized Entrepreneurs Resource Generation) Program

1.4 The Tribute served as a Benefit Event, which generated P1.3 Million for the said two MAP programs. Page 9 of 46

Nine (9) awardees were present, namely:

1. Mr. Antonino T. Aquino (MMY 2009) 2. Mr. Edgar O. Chua (MMY 2013) 3. Amb. Jose L. Cuisia, Jr. (MMY 2007) 4. Atty. Lilia B. de Lima (MMY 2010) 5. Mr. John Gokongwei, Jr. (MMY 2017) 6. Mr. Aurelio R. Montinola III (MMY 2012) 7. Amb. Jesus P. Tambunting (MMY 2003) 8. Gov. Amando M. Tetangco, Jr. (MMY 2015) 9. PM Cesar E.A. Virata (MMY 1981)

(l-r): MAP Arts and Culture Team Chair Eddie Yap, MAP 2017 President Marife Zamora, Mr. Antonino T. Aquino (MMY 2009), Mr. Edgar O. Chua (MMY 2013), Amb. Jose L. Cuisia, Jr. (MMY 2007), Atty. Lilia B. de Lima (MMY 2010), Mr. Aurelio R. Montinola III (MMY 2012), Amb. Jesus P. Tambunting (MMY 2003), Gov. Amando M. Tetangco, Jr. (MMY 2015), PM Cesar E.A. Virata (MMY 1981), Mr. John Gokongwei, Jr. (MMY 2017) and MAP President Mon Fernandez.

Seventeen (17) awardees were represented:

1. MMY 1978 HENRY A. BRIMO+ was represented by his son GERALD BRIMO 2. MMY 2004 RAFAEL B. BUENAVENTURA was represented by Ms. MARIVIC RUFINO 3. MMY 1990 RAUL T. CONCEPCION was represented by his son TON CONCEPCION 4. MMY 2016 TERESITA SY COSON was represented by SM Investments Corporation Chair JOSE T. SIO 5. MMY 1996 DAVID CONSUNJI+ was represented by DMCI President and COO, JORGE CONSUNJI 6. MMY 2009 JESUS P. ESTANISLAO was represented by Amb. JOSE L. CUSIA, JR. 7. MMY 1989 JOSE FERNANDEZ JR.+ was represented by his son ENRIQUE FERNANDEZ 8. MMY 2000 OSCAR M. LOPEZ was represented by his daughter RINA LOPEZ BAUTISTA

Page 10 of 46

9. MMY 1996 RIZALINO S. NAVARRO+ was represented by his daughter ROSANNA NAVARRO-ALABASTRO 10. MMY 1982 JAIME V. ONGPIN+ was represented by his son JUAN GABRIEL ONGPIN 11. MMY 2005 MANUEL V. PANGILINAN was represented by MVP Group Media Bureau Head and Philex Mining SVP for Public and Regulatory Affairs MIKE TOLEDO 12. MMY 1982 VICENTE T. PATERNO+ was represented by Philippine Seven Corporation Operations Manager LIWAYWAY FERNANDEZ 13. MMY 1999 HENRY SY, SR. was represented by SM Investments Corporation Chair JOSE T. SIO 14. MMY 2002 TONY TAN CAKTIONG was represented by Jollibee CFO YSMAEL BAYSA 15. MMY 2006 GEORGE S.K. TY was represented by Metrobank Foundation President ANICETO M. SOBREPEÑA 16. MMY 1987 JAIME ZOBEL DE AYALA was represented by Ayala Corporation Managing Director and Head - Corporate Resources Group JP ORBETA 17. MMY 2006 JAIME AUGUSTO ZOBEL DE AYALA II was represented also by Mr. Orbeta

(l-r): MAP President Mon Fernandez, MAP 2017 President Marife Zamora, Mr. JP Orbeta, Mr. Gerald Brimo, Ms. Marivic Rufino, Mr. Ton Concepcion, Mr. Jose Sio, Mr. Jorge Consunji, Amb. Cuisia, Ms. Rina Lopez, Ms. Rosanna Alabastro, Mr. Juan Gabriel Ongpin, Atty. Mike Toledo, Ms. Liwayway Fernandez, MR. Ysmael Baysa, Mr. Chito Sobrepeńa and MAP Arts and Culture Team Chair Eddie Yap

2. “Conversations with MAP Icons” featuring the “MAP Management Man of the Year” Awardees

2.1 The objectives of the series are to:

2.1.1 Give new MAP members the opportunity to learn, interact and exchange views with the “MAP Management Man of the Year” awardees, and hopefully gain some insights from their experience and wise counsel.

2.1.2 Enable the MAP Icons to get a glimpse of what the younger members of MAP are thinking about, their concerns, their passion and what drives them.

2.2 The series has featured the following:

2.2.1 Mr. WASHINGTON Z. SYCIP+ on June 19, 2014 2.2.2 Atty. LILIA DE LIMA on August 14, 2014 2.2.3 Mr. RAMON R. DEL ROSARIO JR. on October 9, 2014 2.2.4 PM CESAR E.A. VIRATA on November 13, 2014 Page 11 of 46

2.2.5 Mr. JUAN B. SANTOS on June 25, 2015 2.2.6 Mr. EDGAR O. CHUA on September 22, 2015 2.2.7 Mr. ERRAMON I. ABOITIZ on October 3, 2016 2.2.8 Mr. AURELIO R. MONTINOLA III on October 26, 2016 2.2.9 Amb. JOSE L. CUISIA, JR. on February 17, 2017 2.2.10 Gov. AMANDO M. TETANGCO, JR. on August 25, 2017 2.2.11 Amb. ALBERT F. DEL ROSARIO on September 29, 2017 2.2.12 Mr. CESAR A. BUENAVENTURA on February 23, 2018

(standing l-r): Mr. ARNOLD SALVADOR, Atty. CESAR VILLANUEVA, Cong. TONG PAYUMO, Mr. BEN SANTOS, Mr. PENG PEREZ DE TAGLE, Mr. ELMER SARMIENTO, Mr. PEPO NUNEZ. (seated l-r-): Mr. ARCHIT BARTOLOME, Ms. BOOTS GARCIA, Mr.CESAR BUENAVENTURA, Mr. ED CHUA and Ms. HELEN MACASAET.

(seated l-r): 2.2.13 Amb. JESUS P. TAMBUNTING on September 10, 2018

(seated l-r): Ms. LUNA CACANANDO, Atty. ADRIAN CRISTOBAL, Ms. GRACE TIONGCO, Consul VINCE CARLOS, Amb. CHUCHING TAMBUNTING, Ms. MARIFE ZAMORA and Dr. ERNIE ORDONEZ. (standing l-r): Mr. ALDRIN DULIG, Ms. REG LAQUINDANUM, Mr. BUTCH HIDALGO, Mr. CONRAD PERRERAS, Mr. JONDI FLAVIER, Mr. DENIS NIXON, Ms. MARION KOHCHET-CHUA, Mr. LARS WITTIG, Ms. LOLY NGO, Ms. PATRICIA SIY, Mr. ARNOLD SALVADOR and Ms. GRACE SORONGON

3. SEPTEMBER 4 - 16th MAP INTERNATIONAL CEO CONFERENCE 2018 on “FROM PROGRAMS TO PLATFORMS: Business in the Age of Disruption.”

3.1 The MAP conducted the 16th MAP International CEO Conference on September 4, 2018 at the Rizal Ballroom of the Makati Shangri-La.

Page 12 of 46

3.2 The speakers and their topics were the following:

Keynote Speaker:

3.2.1 Dato' Seri ANWAR BIN IBRAHIM (Malaysia), Former Deputy Prime Minister and Finance Minister of Malaysia

(l-r) MAP CEO Conference Committee Governor-in-Charge DONALD LIM, Dato’ Seri ANWAR BIN IBRAHIM, MAP CEO Conference Committee Chair JUNIE DEL MUNDO and MAP CEO Conference Committee Vice Chair ALMA JIMENEZ

TRACK 1 - GOING THE DISTANCE: Business Balancing What the Customers Expect – Deserve – Get

3.2.2 Mr. RENZO TAAL (Singapore), SVP for Asia Pacific of Salesforce, on "The Future of Work in the Fourth Industrial Revolution”

Page 13 of 46

3.2.3 Dr. BRUCE WATT (UK), VP for DDI Europe, India, Australia & Global Centre for Excellence, on “Global Leadership Forecast 2018: CEO Challenges”

3.2.4 Mr. ANGELO ESTRERA (Singapore) of SEA Markets Leader & Emerging Markets of PwC South East Asia Consulting, on "Disruptive Innovation for Emerging Markets”

TRACK 2 - MANAGING THE UNCERTAIN: Turning the Risks Into Rewards

(l-r) Mr. WILSON CHOW, Dr. ROWENA CRISTINA L. GUEVARA and Atty. DICK DU-BALADAD (moderator).

3.2.5 Mr. WILSON CHOW (China), Global Leader for TMT (Technology, Media and entertainment, and Telecommunications) of PwC China, on "Which Risks, What Opportunities”

Page 14 of 46

3.2.6 Dr. ROWENA CRISTINA L. GUEVARA (Philippines), Undersecretary for Research and Development, Department of Science and Technology (DOST), on “Research, Development and Innovation: Future-Proofing Industries”

TRACK 3 - THE NAME OF THE GAME: Efficiency, Effectiveness, Excellence

(l-r) Mr. STEPHEN FUNG, Dr. IKHLAQ SIDHU and Mr. CHARLIE VILLASEŃOR (moderator).

3.2.7 Mr. STEPHEN FUNG (Singapore), VP and Head of DHL Consulting Asia Pacific of the Deutsche Post DHL Group, on "Leveraging Digital Innovations to Improve Operational Efficiency: Lessons from the Logistics Industry”

3.2.8 Dr. IKHLAQ SIDHU (USA), Chief Scientist and Founding Director of the UC Berkeley’s Sutardja Center for Entrepreneurship & Technology, on “Applied Data Analytics - from Strategy to Implementation”

Page 15 of 46

3.3 The Conference had the all-time highest attendance of 677.

3.4 It was viewed simultaneously all over the country via live streaming by over 3,000 students and about 120 teachers from 13 universities and colleges.

4. PwC – MAP Survey on “FROM PROGRAMS TO PLATFORMS: Business in the Age of Disruption” for the September 4 MAP International CEO Conference 2018

4.1 The MAP and the PricewaterhouseCoopers (PwC) Philippines/Isla Lipana & Co. conducted a CEO Survey for the September 4 MAP International CEO Conference 2017, which was entitled “FROM PROGRAMS TO PLATFORMS: Business in the Age of Disruption.” The Survey was done via an online questionnaire as well as field interviews.

4.2 The survey was the fourth of a series of annual CEO Surveys in the Philippines conducted by the MAP Conference’s KNOWLEDGE PARTNER, ISLA LIPANA & CO., a member firm of PwC, and was expected to highlight the opportunities and challenges faced by young leaders in competing in the global marketplace.

4.3 MAP and PwC charted the similarities and differences between how seasoned CEOs think vis-a-vis the young leaders' mind

(l-r) MAP CEO Conference Committee Vice Chair ALMA JIMENEZ, Isla Lipana & Co./ PwC Philippines Managing Partner for Deals and Corporate Finance JADE DIVINAGRACIA, MAP CEO Conference Committee Governor-in-Charge DONALD LIM and Isla Lipana & Co./PwC Philippines Chair and Senior Partner ALEX CABRERA.

5. DECEMBER 10 MAP CHRISTMAS PARTY 2018

The December 10 Christmas Party will have “Superhero Christmas Party 2018” as the theme. The 8Track Band will provide the music for the celebration.

5. MAP CEO ACADEMY

The MAP CEO Academy continues to serve as the umbrella brand for all of MAP’s educational activities for the continuing education and sharing of the latest technologies and information on management and leadership among MAP members and other management practitioners. Page 16 of 46

5.1 JANUARY 24 JOINT PCCI-MAP TAX SEMINAR 2018

5.1.1 Speakers and topics include the following:

5.1.1.1 Implementing the TRAIN Act - Asst. Comm. MARISSA CABREROS Assistant Commissioner for Legal Services, Bureau of Internal Revenue

5.1.1.2 Practical Approach to TRAIN Act - Atty. ALEXANDER CABRERA Chair, MAP Tax Committee

5.2 MAY 17 FORUM ON AGRI-FINANCING (FREE) ENTITLED "CAN BANKS STEP UP FARM CREDIT TO PRIME COUNTRYSIDE PROGRESS?"

5.2.1 The Alyansa Agrikultura, Coalition for Agriculture Modernization of the Philippines (CAMP), the MAP, the Philippine Chamber of Agriculture and Food Inc. (PCAFI), and the University of Asia and the Pacific (UA&P) wish to invite the businesses, and cooperatives involved in agriculture and fisheries for a Forum on Agri- Financing.

5.2.2 Top officials of the four leading financial institutions are invited to discuss the latest insurance packages available to Agribusiness aficionados.

5.2.3 The organizers believe and are united in the dictum that insurance support programs will contribute greatly to the stability and further development of Philippine Agriculture and Agribusiness.

5.2.4 Topics and speakers are the following:

5.2.4.1 Updates on ACPC Programs – Ms. JOCELYN BADIOLA, Executive Director, Agricultural Credit Policy Council (ACPC) 5.2.4.2 Updates on PCIC Programs – Atty. JOVY BERNABE, President, Philippine Crop Isurance Corporation (PCIC) 5.2.4.3 New Mandate, New Directions – Ms. CECILIA BORROMEO, President and CEO, Development Bank of the Philippines (DBP) 5.2.4.4 Bringing Agri lending to New Heights – Mr. ALEX V. BUENAVENTURA, President and CEO, Land Bank of the Philippines

(seated l-r) Dr. ERENSTO ORDONEZ, Atty. JOVY BERNABE, Ms. CECILIA BORROMEO and Mr. ALEX BUENAVENTURA

Page 17 of 46

5.3 JUNE 5 ON ICT MONTH KICK OFF FORUM 2018

5.3.1 MAP supported the ICT Month 2018, the Infocomm Technology Association of the Philippines (ITAP, ICT Committee of the Management Association of the Philippines (MAP), I.T. Interaction Philippines (ITIP), Information Security Officers Group (ISOG), Department of Information and Communications Technology (DICT), and Chief Information Officers Forum Foundation Inc. (CIOFF) ICT Month Kick-Off Forum 2018.

5.3.2 The main speaker, Mr. ALEXANDER GORDON, Assistant Legal Attaché of US Embassy, FBI and Cybersecurity expert, discussed cyber threats as well as best practices in proactively addressing, preventing and solving cyber security incidents.

5.3.3 The following served as Panelists representing the MAP on the topic “Technologies in the Age of Disruption”:

5.3.3.1 Ms. MARIANNE HONTIVEROS, Chair, MAP Women Empowerment Committee and Chair, Philippines AirAsia, Inc. 5.3.3.2 Mr. GAVIN DAVID BARFIELD, Chief Technology Advisor, MERALCO

Moderator: 5.3.4 Ms. HELEN MACASAET, Chair, MAP ICT Committee

(l-r) Mr. CARLO SUBIDO, Ms. MAAN HONTIVEROS, Ms. HELEN MACASAET, Mr. GAVIN BARFIELD and Mr. ALEXANDER GORDON.

5.4 JUNE 18 JOINT PCCI-MAP TAX SEMINAR 2018

5.4.1 Topics and speakers were the following:

5.4.1.1 Court decision updates - Justice JUANITO CASTAÑEDA, JR., Associate Justice, Court of Tax Appeals

5.4.1.2 IRR updates of the TRAIN law - Atty. JAMES FERRER, Chief, Assessment Division, BIR Makati Region 8

5.4.1.3 Issues on the implementation of the TRAIN Law - Atty. MALOU P. LIM, Managing Partner, Isla Lipana & Co./PwC Philippines

Page 18 of 46

5.4.1.4 Tax Reform Package 2 - Usec. KARL KENDRICK CHUA, Undersecretary, Department of Finance

(l-r) Atty. DICK DU-BALADAD, Atty. MALOU P. LIM, Justice JUANITO CASTANEDA, JR., and two other panelists from BIR RDO 8 Makati.

5.5 AUGUST 24 FORUM ON “ENSURING WATER SECURITY AND SUSTAINABILITY”

Speakers: 5.5.1 PDDG REYNALDO V. VELASCO (Ret), Administrator, Metropolitan Waterworks and Sewerage System (MWSS) 5.5.2 Mr. JOHN EDGAR, Environment Office Chief, United States Agency for International Development (USAID)

Reactions 5.5.3 Mr. GEODINO “Ding” V. CARPIO, COO for the Manila East Concession Business, Manila Water Co., Inc. 5.5.4 Mr. RANDOLPH “Randy” T. ESTRELLADO, COO, Maynilad Water Services, Inc.

(l-r) Mr. JOHN EDGAR, PDDG REYNALDO VELASCO, MAP President MON FERNANDEZ, Mr. DING CARPIO, Mr. RANDY ESTRELLADO and MAP Climate Change and Sustainable Development Committee Chair BOBBY BATUNGBACAL.

5.6 SEPTEMBER 27 FORUM ON “RICE: BROAD EFFECTS ON INFLATION, TRADE AND TARIFF POLICY, AND POVERTY PROGRAM”

Panelists 5.6.1 Dr. FERMIN D. ADRIANO, Member, Advisory Council, Asian Development Bank Institute (ADBI) Page 19 of 46

5.6.2 Dr. RAMON “Mon” CLARETE, Professorial Lecturer and Former Dean, UP School of Economics 5.6.3 Mr. HERCULANO “Joji” C. CO, JR., President, Philippine Confederation of Grains Associations, Inc. 5.6.4 Dr. LEONARDO “Leo” A. GONZALES, International Agricultural Economist 5.6.5 Dr. CIELITO “Ciel” F. HABITO, Professor of Economics, Ateneo de Manila University; Chair, Brain Trust Inc.

5.7 NOVEMBER 14 ICT FORUM IN DAVAO CITY ON “Protecting DATA PRIVACY in the Age of Disruption”

(l-r) Ms. HELEN MACASAET, Mr. JAIME GARCHITORENA, Mr. REGINALD EZEH, Comm. RAYMUND LIBORO and Mr. JALLAIN MARCEL MANRIQUE Panelists

1. Commissioner RAYMUND E. LIBORO, Commissioner of the National Privacy Commission or NPC 2. Mr. REGINALD EZEH, Partner/Data Scientist of the Delaware-based Data Value 3. Mr. JAIME GARCHITORENA, President and CEO of the Credit Information Corporation 4. Mr. JALLAIN MARCEL MANRIQUE, Partner for IT Advisory of KPMG R.G. Manabat & Co.

ADVOCACIES

Good Governance

1. FEBRUARY 21 ARANGKADA’S ROUND TABLE DISCUSSION ON “THE CHALLENGES TO PHILIPPINE SEAPORTS AND SHIPPING”

On February 21, 2018, MAP was represented by MAP National Issues Committee Member FERNANDO O. PEÑA at the Arangkada’s Round Table Discussion (RTD) on “The Challenges to Philippine Seaports and Shipping” from 2:00 PM to 5:00 PM at AmCham Hall, 2nd Floor, Corinthian Plaza Building, 121 Paseo de Roxas, Makati City.

Page 20 of 46

The RTD seeks to identify key policy, operating cost, and infrastructure challenges to the growth of seaports and shipping, as well as their solutions. Some goals of the policy brief are to improve maritime connectivity in the Philippines, avoid port congestion, improve customs efficiency, reduce domestic and international shipping costs, and develop cruise tourism. Given that the Philippines is archipelagic, efficient seaports and affordable shipping are critical to transporting both goods and people.

2. JULY 11 FORUM ON “INTEGRATING BUSINESS AND SOCIETY: CORPORATE GOVERNANCE IN THE ERA OF STAKEHOLDERS”

(l-r) MAP Corporate Governance (CG) Chair MAR GATUS, MAP CSR Committee Vice Chair BEN TEEHANKEE, Mr. JENG PASCUAL, Atty. ROSARIO CARMELA GONZALEZ-AUSTRIA, Mr. FRED PASCUAL, Atty. BILL PAMINTUAN, MAP CSR Committee Chair ED AMISTAD, MAP CG Committee Vice Chair CESAR VILLANUEVA.

2.1 Speakers

2.1.1 Mr. ALFREDO “Fred” E. PASCUAL, CEO, Institute of Corporate Directors (ICD) 2.1.2 Atty. ROSARIO CARMELA B. GONZALEZ – AUSTRIA, Assistant Director, Corporate Governance Division of the Corporate Governance and Finance Department, Securities and Exchange Commission (SEC) 2.1.3 Atty. WILLIAM “Bill” S. PAMINTUAN, FVP, Deputy General Counsel and Asst. Corporate Secretary, MERALCO\ 2.1.4 Mr. JOSE JEROME “Jeng” R. PASCUAL III, CFO, VP for Finance and Treasurer, Pilipinas Shell Petroleum Corporation

3. SEVENTH FORUM OF ARANGKADA PHILIPPINES ON “BETTER INFRASTRUCTURE FOR A STRONG ECONOMY”

3.1 MAP co-sponsored the September 12 ARANGKADA Forum 2018 which the MAP has been supporting for the past six consecutive years.

3.2 The theme this year was “Better Infrastructure for a Strong Economy.”

3.3 The ARANGKADA is the major advocacy—launched in 2010—of the Joint Foreign Chambers (JFC) to increase investment and employment in the Philippines. (l-r) Mr. PATRICK COOKE, Mr. RAMON ALIKPALA, Engr. DOLORES HIPOLITO, Mr. RAMONCITO FERNANDEZ, Mr. CHRISTOPHER ILAGAN and Mr. GUENTER TAUS.

Page 21 of 46

Global Competitiveness

4. MAP’S MEMBERSHIP IN THE AAMO

4.1 The AAMO is a partnership of National Management Organizations (NMOs) in the Asian Region whose purpose is to share and actively leverage resources to enhance the achievement of their respective missions. AAMO is an independent, non-political and not-for-profit Association of NMOs, which promotes, facilitates and supports the development of professional management in the Asia Pacific Region.

4.2 The present AAMO members are:

Countries NMOs 4.2.1 Australia - Institute of Managers and Leaders (IML) 4.2.2 Hong Kong - Hong Kong Management Association (HKMA) 4.2.3 India - All India Management Association (AIMA) 4.2.4 Macau - Macau Management Association (MMA) 4.2.5 Malaysia - Malaysian Institute of Management (MIM) 4.2.6 Nepal - Management Association of Nepal (MAN) 4.2.7 New Zealand - Institute of Management of New Zealand (IMNZ) 4.2.8 Pakistan - Management Association of Pakistan (MAP) 4.2.9 Philippines - Management Association of the Philippines (MAP) 4.2.10 Sri Lanka - Institute of Management of Sri Lanka (IMSL)

4.3 The MAP can explore the implementation of the following AAMO’s Priority Programs in the Philippines in 2018:

4.3.1 Asian Management Game (AMG)

The AMG is one of the annual activities of AAMO which aims to connect the different national management organizations in the Asian Pacific region. It has successfully served as a platform for young managers in the region to learn and exchange from one another.

The AMG is played over the internet in either English or Chinese version. Each AAMO Member will nominate up to 2 teams each consisting of 3 to 5 young managers. The registered teams will be allocated into groups by draw. Each team will, in each round, be assigned a company for managing its operations and making strategic decisions for a period of five financial quarters. The team that has achieved the highest share price shall be the winner.

The AMG comprises of trial round, semi-final and final. Each team is required to download from the AMG website the background information of the assigned company, which records its past performances and its present position. Decisions surrounding marketing, finance, production and human resources are entered online according to the Game Calendar schedule. At the end of each financial quarter, each team will receive a management report from the Game Administrator detailing the latest economic environment and the company’s performance reflecting the team’s decisions.

The AMG 2018 of the Asian Association of Management Organizations or AAMO, of which MAP is a member, was successfully held on August 25. A total of 8 teams from 6 different countries and regions reached the final.

The AMG is one of the annual activities of AAMO which aims to connect the different national management organizations in the Asian Pacific region. It has successfully served as a platform for young managers in the region to learn and exchange from one another. Page 22 of 46

The AMG is played over the internet. Each AAMO Member nominates up to 2 teams each consisting of 3 to 5 young managers. The registered teams are allocated into groups by draw. Each team is, in each round, be assigned a company for managing its operations and making strategic decisions for a period of five financial quarters. The team that has achieved the highest share price is the winner.

The AMG comprises of trial round, semi-final and final.

The Champion came from Macau. The Philippine National Bank team from the Philippines placed 5th.

The other countries represented in the finals were India, Pakistan, Hong Kong, and Sri Lanka.

4.3.2 Young Managers’ Program (YMP)

The YMP engages and enhances the lives of young managers and encourages them to voice their opinions on the profession and challenges of management.

Each AAMO member can nominate 2 young managers to the YMP.

The YMP will be provided for free to all the chosen participants, including accommodation (2 participants of the same sex in one room), food & beverage as well as travel in Macau and Hong Kong. All participants have to pay for their airfare to Macau as well as the return to their home country.

The applicant should meet the following basic qualifications:

• Should hold a management position and lead a team. • Must be not older than 35. • Must have a valid passport and visa.

4.3.3 Management Capability Index (MCI)

The MCI enables any organization to identify and compare its management capabilities based on a set of standards.

In 2003, the Institute of Management of New Zealand (IMNZ) introduced the IMNZ MCI. The MCI is based on nine major drivers of management capability that deliver profitable business growth or the equivalent in non-companies. Actual results and comparative performance are used to create an index of management capability. The weightage of the nine categories in the final index are as follows:

(a) VISIONARY & STRATEGIC LEADERSHIP 15%

(b) PERFORMANCE LEADERSHIP 10%

(c) PEOPLE LEADERSHIP 10%

(d) FINANCIAL MANAGEMENT 10%

(e) ORGANISATION CAPABILITY 5%

(f) TECHNOLOGY & KNOWLEDGE 5%

(g) EXTERNAL RELATIONSHIPS 5%

(h) INNOVATION - PRODUCTS & SERVICES 10%

(i) RESULTS & COMPARATIVE PERFORMANCE 30%

TOTAL 100%

Page 23 of 46

The primary value of the MCI for any organization is firstly in identifying where improvements can be made and then in comparing against other organizations in their own country and internationally. Improving management capability and through that, the performance of the organization will result in the organization ultimately achieving its potential. The first step is for Chief Executives/Managing Directors to benchmark their own organization against these results and then to identify opportunities for improvement.

5. JAPAN’s “YOUNG LEADERS PROGRAM (YLP) 2018”

The MAP continues to be a Recommending Authority for the Philippines for the “Young Leaders Program (YLP)” of the Japan Ministry of Education, Culture, Sports, Science and Technology and the Japan Information and Culture Center.

The YLP offers promising young business and government leaders from Asian and other countries the opportunity to study in Japan at a Master’s level at Hitotsubashi University Graduate School of International Corporate Strategy.

The primary objectives of the YLP are to:

1. Foster future national leaders in the countries of Asia and other regions 2. Create comprehensive human networks among the leaders of nations 3. Establish friendly relationships among the countries involved, including Japan 4. Improve the quality of policy planning in the participating countries

The MAP endorsed the following for the 2019 Young Leaders Program:

1. Ms. KRISTINE JOYCE ABEDES ADAMI, Account Associate, Metropolitan Bank and Trust Company (Metrobank) 2. Mr. MERYLL ECITA AMISTOSO, PPC Consultant, Scorch iProspect Pty Ltd 3. Mr. JOAQUIN LORENZO VASQUEZ ARAULLO, Campaigns and Production Lead, PLDT Inc. 4. Mr. HENRY RAMALLOSA BERNARDO, Senior Financial Specialist, Home Development Mutual Fund (HDMF) 5. Ms. CZYRHINNE RAMOS CASTILLO, State Auditor II, Commission on Audit (COA) 6. Ms. ANA CECILIA FELIX DALUMPINES, Process Assistant, PLDT 7. Mr. ALVIN DELA CRUZ DIMALANTA, Principal Architect, Gridasia Incorporated 8. Ms. SHAYNE FLORES INOCENCIO, Bilingual Analyst, Accenture Inc. 9. Mr. ROMEO SALAO LIAMZON III, Administrative Assistant V, Philippine Department of Tourism 10. Ms. KATHERINE LA ARNIE BUERA MALAYLAY, Treasury Manager (promoted), Philippine Investment Management (PHINMA), Inc. 11. Mr. LOREMAR ESTABILLO MARCIAL, Revenue Manager, Phinma Hospitality Inc. - Coralway City Hotel Corporation (Microtel Philippines) 12. Ms. SHEENA MAE AMODIA SOCO, Consulting Specialist, Willis Towers Watson 13. Ms. MA. LOURDES ORDONIO OZAETA, Research Associate, Ginebra San Miguel Inc. 14. Ms. ALYSSA LOREN HIPOLITO TUNGOL, Lubricants Technical Support Specialist, Pilipinas Shell Petroleum Corporation

Page 24 of 46

6. THE REPORT: THE PHILIPPINES 2018

6.1 The MAP continued its media partnership with the Oxford Business Group (OBG) in developing “THE REPORT: The Philippines 2018.”

6.2 Signing of MOU between MAP and Oxford Business Group (OBG) during the August 28, 2018 MAP GMM.

(seated l-r) Ms. CHARLOTTE VAN CAMP and Mr. RAMONCITO FERNANDEZ (standing l-r) Mr. LANCE GUTIERREZ and Dr. DONALD PATRICK LIM,

6.3 Here below is the link, for a preview of The Report:

http://www.oxfordbusinessgroup.com/philippines-2018

Inclusive and Sustainable Growth

7. CHILDREN’S HOUR ANNUAL BENEFIT LUNCH 2018

7.1 The MAP continued to support the Children’s Hour by sponsoring a table for its Annual Benefit Lunch held on March 5 at the Fairmont Hotel.

Page 25 of 46

7.2 The MAP has been sponsoring the Children’s Hour since 2004 and has been active in providing educational and health needs for the Foundation’s beneficiaries, and the MAP has consistently encouraged its members to support the worthy projects of Children’s Hour.

7.3 The MAP has been conducting an annual MAP Golf Cup for CSR to generate funds for Children’s Hour and MAP’s other CSR programs.

7.4 MAP’s participation in the Children’s Hour reaffirms MAP’s continuing involvement in helping address the education and health needs of the youth that would effectively harness their potentials as productive and responsible citizens.

7.5 MAP contributed P180,000 to Children’s Hour this year from the income of the MAP GOLF CUP for CSR 2018.

8. MANAGEMENT EDUCATORS WORKSHOP

8.1 The objectives of the Management Educators Workshop (MEW) are to:

8.1.1 Bring together management practitioners and teachers so that the latter would know what the employers want of future managers

8.1.2 Help Philippine schools of management improve their school curricula, course content and teaching practices as well as teach their students how to respond to the fast changing demands of customers, clients, citizens and other stakeholders

8.1.3 Address the following key challenges for modern management: 8.1.3.1 innovative techniques for teaching management 8.1.3.2 greater practitioner orientation in management education and training 8.1.3.3 involving management practitioners in education

8.1.4 Propagate excellence in management education and help prepare the country for the challenges of global competition.

8.2 The MEW was launched in 1992 in Cebu and has been held in the following cities, among others: Baguio, Cagayan de Oro, Cebu, Davao, Iloilo, Manila and Zamboanga.

9. EMERGE (Educated Marginalized Entrepreneurs Resource GEneration)

The EMERGE Program aims to assist the entrepreneurial poor, the retired government employees, the families of uniformed services and the returning OFWs who would like to go into the following projects/businesses which have big potential for growth and job generation: (a) Agribusiness, (b) Tourism, and (c) Food and Beverage.

9.1 The 3 key components of the Program are:

9.1.1 FUNDING - An EMERGE Fund has been created to finance the equity requirements of the proposed project/business, with the balance to be sourced through a bank loan.

Page 26 of 46

9.1.2 MENTORING - A pool of mentors has been developed whose main tasks will be to help in developing a business plan, securing a bank loan, and formulating the required management systems for the project/business.

9.1.3 VALUES FORMATION - The EMERGE Program will teach the participants the values of responsibility and honesty. The participants will be taught how to give back when the project/business starts making money by having them agree that a portion of the project/business’ net income will be given back to the EMERGE Fund to make it sustainable.

9.2 There are already 19 Partners-in-Mission for this inclusive growth program of the MAP

9.3 Thirty-four (32) MAP members have signed up as volunteer mentors.

9.4 Following are the five (5) ongoing EMERGE Projects:

9.4.1 First - Nutritional Food Products Project with CHEERS (Community Health Education Emergency Rescue Services)

(a) At the May 31, 2016 MAP GMM, the P500,000 equity financing was released for the 1ST EMERGE project, the Nutritional Food Products Project with the Community Health Education Emergency Rescue Services (CHEERS) which was represented by its President, Mr. JOHN ALVIN “Alvin” L. MONTANO. Finished products are nutritional food (nutri-food) items, like chocolate bars, polvoron & ensaimada using cassava and malunggay flour.

(b) The Department of Social Welfare & Development (DSWD) is one of the marketing partners of CHEERS for the project.

9.4.2 Second - Abaca Project with Ecosustain Solutions (ECOSOL)

(a) At the July 28, 2016 GMM, the EMERGE Program released the P500,000 equity financing for the 2nd EMERGE project, the Abaca Project with Iligan City, Lanao del Norte-based Ecosustain Solutions or EcoSol which was represented by its Founder, Ms. REGINA “Nanette” SALVADOR-ANTEQUISA.

(b) Major buyer of abaca is Newtech Pulp, Inc., a subsidiary of Glatfelter Company, a 150-year old paper company based in New York, USA.

9.4.3 Third - NAPIER Project with Mr. Felomino Limeta and Roxas Holdings, Inc.

(a) Also at the July 28, 2016 GMM, the P300,000 equity financing was released for the 3rd EMERGE Project which is the NAPIER Project with Mr. FELOMINO LIMETA and other farmers as the beneficiaries with the support of the Roxas Holdings, Inc. (RHI) who will buy the produce of the farmers. Napier stalks are used by RHI to fuel the boilers of the sugar mill of RHI’s Center Azucarera Don Pedro (CADP) in Nasugbu, Batangas. Present at the July 28 GMM were RHI Corporate Social Page 27 of 46

Responsibility Associate FRANCES ARJOHN M. BELEN and Mr. LIMETA.

(b) The principal buyer of Napier is the CADPI, a subsidiary of RHI, known to be at the forefront of the sugar and ethanol industry.

9.4.4 Fourth EMERGE Project: Seaweed farming and trading project with Sentro ha Pagpauswag ha Panginabuhi, Inc. (SPPI) Trading Ventures, Inc. (TVI)

The 2017 Board approved the P700,000 equity financing for the Seaweed farming and trading with Sentro ha Pagpauswag ha Panginabuhi, Inc. (SPPI) Trading Ventures, Inc. (TVI). The funding of P600,000 was released to SPPI Trading Ventures, Inc. (TVI) on December 14, 2017.

9.4.5 Fifth EMERGE Project: Farm products distribution project with Good Food Community, Inc. The funding of P500,000 has not been released to Good Food Community, Inc.

9.5 As of November 9, 2018, there was about P788,000 available for equity financing for subsequent EMERGE projects

10. SERIES OF MAP BREAKFAST DIALOGUES

10.1 The objective of the Breakfast Dialogue is to provide a venue for interacting with government in a collaborative way to help advance the improvement of the working environment for Philippine business.

10.2 The Series featured the following in 2018:

10.2.1 January 18 with Mr. THOMAS THOMAS, CEO of ASEAN CSR Network (ACN) - CSR Committee

(seated l-r) Mr. MIGUEL PUYAT, Mr. TONY YAP, Mr. THOMAS THOMAS, Mr. ED AMISTAD and Mr. ANTON YAP. (standing l-r) Three (3) guests from BCY Foundation, Dr. CORA CLAUDIO, Ms. BOOTS GARCIA, Ms. RAC CAGURANGAN, guest from BCY Foundation and Mr. ARNOLD SALVADOR

Page 28 of 46

10.2.2 February 13 with Usec. KARL KENDRICK T. CHUA, Undersecretary for Strategy, Economics and Results Group, Department of Finance (DOF) – Tax Committee

MAP Vice President Donald Lim delivering the WelcomeMAP ViceRemakrs President on behalf Donald of MAPLim deliveringduring the the event.Welcome Remakrs on behalf of MAP during the event.

(seated l-r) Mr. EDDIE YAP, Atty. ALEX CABRERA, Mr. KARL KENDRICK CHUA, Mr. ROMY BERNARDO. (standing l-r) Mr. ARNOLD SALVADOR, Mr. ED AMISTAD, Mr. ALDRIN DULIG, Atty. JUN SALVADOR, Atty. EUNEY MATA-PEREZ, Ms. ESTER PUNONGBAYAN, Mr. BOBBY BATUNGBACAL, Ms. MAAN HONTIVEROS, Mr. NOEL ALCANTARA and ______.

10.2.3 March 20 with Mr. JOSE “Jimbo” REVERENTE, Spokesman, NAIA Consortium and Vice President, Aboitiz InfraCapital, Inc. – NIC Sub- Committee on Traffic, Transportation and Infrastructure Committee

(seated l-r) Ms. SHARON TAN, Mr. BAL ENDRIGA, Mr. EDDIE YAP, Mr. JIMBO REVERENTE, Mr. ED FRANCISCO, Mr. RENE VALENCIA, Mr. JIMMY AQUINO and Mr. NESTY ISLA. (standing l-r) With representatives from the Consortium are Mr. FRED PARUNGAO (extreme left), Mr. THAD LIAMZON (2nd from left), Atty. FELIX SY (3rd from left) Mr. CESAR MAMON (8th from left) and Mr. ARNOLD SALVADOR (extreme right).

Page 29 of 46

10.2.4 March 22 with Mr. ANDREW ACQUAAH-HARRISON, Chief Executive Advisor, GMR Megawide – NIC Sub-Committee on Traffic, Transportation and Infrastructure Committee

(seated l-r) Ms. SHARON TAN, Mr. FRED PARUNGAO, Mr. NESTY ISLA, Mr. BAL ENDRIGA, Mr. EDDIE YAP, Mr. ANDREW HARRISON, Mr. CESAR MAMON, Mr. RENE LIMJOCO and Mr. JIMMY AQUINO. (standing l-r) Mr. ARNOLD SALVADOR, Mr. BOBBY BATUNGBACAL, Mr. THAD LIAMZON, four (4) guests from Megawide, Mr. OBET ROBES, and Mr. GANI BUENAFLOR.

10.2.5 May 22 with Ms. JO-ANN LATUJA DIOSANA, Economist and Fiscal Policy Coordinator, Action for Economic Reforms (AER) – Tax Committee

(l-r) Mr. ED AMISTAD, Dr. BEN TEEHANKEE, Mr. ALDRIN DULIG, Mr. FRED PARUNGAO, guest from AER, Atty. ALEX CABRERA, Ms. JO-ANN DIOSANA, Atty. CESAR VILLANUEVA, Mr. MON ABREA and another guest from AER.

11. JRI (JUDICIAL REFORM INITIATIVE)

Led by four major business organizations in the Philippines - - - the Financial Executives Institute of the Philippines, the Institute of Corporate Directors, the Makati Business Club, and the MAP - - - the principles and objectives of JRI were first envisioned in September 2012 to push for reforms in the administration of justice and serve as the voice of business in identifying problem areas and solutions in the systems and processes of the judicial and prosecutorial agencies of government

Page 30 of 46

12. SEARCH FOR HOMETOWN HEROES

12.1 The MAP participated as Supporting Organization for the Nationwide Search for Filipino Hometown Heroes of the Benita & Catalino Yap Foundation (BCYF).

12.2 Launched in 2017, the Nationwide Search stresses that Citizenship is about following the Golden Rule and the laws of the nation, and trying to be an everyday hero in your purok, barangay, town or city that everyone knows has a positive impact on their neighborhood.

12.3 At the Local Level, the Search taps the local school and community leaders down to the barangay to identify and evaluate those who have consistently been of help to his/her place; examples of consistent volunteerism, social impact and positive Filipino values.

13. JANUARY 31 CONFERENCE ON "SERVANT LEADERSHIP IN BUSINESS"

13.1 Upon the invitation of Cardinal Tagle, the MAP co-sponsored the Serviam CCC Foundation Conference on "Servant Leadership in Business" held on January 31, at the Makati Shangri-La.

13.2 Other co-sponsoring Philippine Business Groups included the Employers Confederation of the Philippines (ECOP), the Makati Business Club (MBC), and the Philippine Chamber of Commerce and Industry (PCCI).

13.3 The Conference was themed after Pope Francis’ pronouncement that business is a noble vocation, and business leaders create wealth that should be used to share prosperity and serve the least among the people.

13.4 The topics and speakers included the following:

13.4.1 “Authenticity in Business: How can one be real in a virtual world?” Cardinal LUIS ANTONIO CARDINAL TAGLE

13.4.2 “Panel 1: Servant Leadership (SL) as applied in the 21st Century Triple Bottomline (Profit, Social Impact on Poor, Environment)” 13.4.2.1 Atty. VIC NOEL 13.4.2.2 Ms. CHIT JUAN 13.4.2.3 Dr. CECILIO PEDRO

Page 31 of 46

13.4.3 “SL and Business Ethics” by Mr. RAMON DEL ROSARIO

13.4.4 “Panel 2: Sectoral Expectations of SL in Business from the perspective of 13.4.4.1 government by DOST Secretary FORTUNATO DELA PENA 13.4.4.2 civil society by Prof. SOLITA MONSOD 13.4.4.3 academe by Mr. AURELIO MONTINOLA III

13.4.5 “Biblical Guidance in Wealth Creation” by Bishop PABLO VIRGILIO DAVID

14. FEBRUARY 15 MEETING OF THE JOINT FOREIGN CHAMBERS – PHILIPPINE BUSINESS GROUP (JFC-PBG) WITH PRESIDENTIAL LEGISLATIVE LIAISON OFFICE (PLLO) SECRETARY ADELINO SITOY

14.1 On February 15, 2018, MAP was invited to the meeting of the Joint Foreign Chambers – Philippine Business Group (JFC-PBG) with Presidential Legislative Liaison Office (PLLO) Secretary ADELINO SITOY, at 9:00 AM at the Rizal Park Hotel, South Road, Ermita, Manila.

14.2 MAP was represented by Atty. PERRY L. PE, Co-Chair of the MAP National Issues Committee and Past MAP President. Page 32 of 46

15. FEBRUARY 20 BUSINESSWORLD STOCK MARKET ROUNDTABLE

15.1 The MAP promoted the February 20 BusinessWorld Stock Market Roundtable at the Makati Shangri-La.

15.2 Attendees from MAP were Ms. MARLENE CINCO and Ms. JANE VILLA of EON The Stakeholder Relations Group.

16. FEBRUARY 21 FFCCCI FORUM ON “THE EXPERIENCES OF GROWING FROM MEDIUM TO LARGE, IN A DIVERSE ENTERPRISE, IN ORGANIZATION FINANCE, AND PERSONNEL”

16.1 MAP was invited to the February 21, 2018 FFCCCI Forum on “The Experiences of Growing from Medium to Large, in a Diverse Enterprise, in Organization Finance, and Personnel” with Mr. JOSE T. SIO at 6:30 PM at the EDSA Shangri-La.

16.2 Attendees were: MAP President RAMONCITO “Mon” S. FERNANDEZ, MAP Secretary MARIA CAROLINA “Carol” V. DOMINGUEZ, MAP ICT Committee Chair HELEN P. MACASAET, MAP ICT Committee Vice Chair REYNALDO “Rey” C. LUGTU, JR., and MAP Governor ALFREDO “Fred” E. PASCUAL.

17. SEPTEMBER 22 INTERNATIONAL COASTAL CLEANUP

17.1 The MAP participated in the September 22 International Coastal Cleanup at the Las Pinas-Paranaque Critical Habitat Eco-tourism Area (LPPCHEA) and at the Baywalk area.

17.2 Last year, the Philippines had the highest number of volunteers in the International Coastal Cleanup with over 214,000 participants across the country.

17.3 The International Coastal Cleanup program engages people around the world to remove trash from beaches, coasts, rivers and waterways.

17.4 A total of two hundred twenty (220) participants from the following MAP members’ companies were recorded: Danish Embassy, Dow Chemicals, FEU, Monark Equipment, NCR Corporation (Philippines), Nestle, PSE and PBSP.

Page 33 of 46

18. EARTH HOUR

18.1 The MAP supported the March 24, 2018 EARTH HOUR.

18.2 The Earth Hour is observed by turning off all our lights and electrical appliances at home and at work for one hour.

18.3 By joining the switch-off, Earth Hours aims to switch social power to climate change and to promote biodiversity conservation across the world.

19. ENABLING TEACHERS TO LEARN FROM MAP SPEAKERS/MEMBERS

19.1 The MAP continued inviting at least ten business teachers from the various universities and colleges in the country to provide them the opportunity to interact with MAP members and other business leaders and management practitioners in every GMM.

19.2 It is MAP’s main expectation that the teachers will learn from the insights of MAP members and from the presentations of the speakers in the MAP GMMs.

20. MAP’S PERMANENT AND ALTERNATIVE REPRESENTATIVES TO THE PHILIPPINE STATISTICS AUTHORITY (PSA) BOARD OF GOVERNORS

20.1 MAP has been chosen by the Philippine Statistics Authority (PSA) to be Private Sector Representative to the PSA Board from June 16, 2018 to June 16, 2021.

20.2 The PSA is an attached agency of the National Economic Development Authority.

20.3 The PSA aims to deliver relevant, reliable statistics and civil registration services for equitable development towards improved quality of life for all.

20.4 MAP’s Permanent and Alternative representatives are MAP Governor Romy Bernardo and MAP Governor Peter Wallace, respectively.

21. K-12 PRESS CON

On April 20, 2018 MAP supported the K-12 Press Conference at the Tower Club. The press con reiterated the industry's support of the K-12 and to allay fears that companies are not willing to hire.

The MAP co-signed the statement signed by various industry associations expressing support and willingness to hire K-12 grads and our plans moving forward.

The press con is a call to action: for employers and all sectors to help K12 graduates succeed.

Industry associations and organizations who participated in the press con included: Philippine Business for Education, Makati Business Club, PCCI, IBPAP, Joint Foreign Chambers and MAP.

Page 34 of 46

22. INSTITUTIONALIZATION OF LOYALTY AWARDS PROGRAM FOR THE MAP SECRETARIAT

22.1 On February 27, 2018, the MAP Board institutionalized a LOYALTY AWARDS PROGRAM for the MAP Secretariat in appreciation of qualified MAP employees’ service to the MAP.

22.2 The objectives of the LOYALTY AWARDS PROGRAM are to recognize MAP employees individually for their efforts which contribute to the efficient and effective operations of the MAP, and to inspire them to continuously pursue creativity, innovativeness, and efficient performance.

22.3 The Loyalty Award is based on the length of service and is given to all employees who have rendered at least ten (10) years of dedicated service to the MAP.

22.4 MAP conferred the 30-Year LOYALTY AWARD on MAP Executive Director ARNOLD SALVADOR in recognition of his thirty years of service to the MAP.

22.5 The following MAP Staff were also given LOYALTY AWARD:

22.5.1 20-year LOYALTY Awardees are: 22.5.1.1 MAP Executive Assistant MARICEL LIMJOCO - 22 years 22.5.1.2 MAP Executive Assistant ELIZABETH ZULUETA – 21 years 22.5.1.3 MAP Admin Assistant RODELIO TRINIDAD – 21 years

Page 35 of 46

22.5.2 10-year Loyalty Awardees are: 22.5.2.1 MAP Accountant EVELYN CABALLERO - 14 years 22.5.2.2 MAP Messenger JAY ACALA - 12 years 22.5.2.3 MAP Messenger BENECIO ADVINCULA - 10 years 22.5.2.4 MAP Staff Assistant MILO DAPILOS - 10 years

23. SHOWCASING OF PHILIPPINE-MADE PRODUCTS/SERVICES IN MAP GMM

The MAP also continued inviting companies to set up booths in the monthly GMMs to showcase their Philippine-made products/services that help improve the competitiveness of Philippine business.

24. “2018 NATIONAL TEACHERS’ MONTH”

Department of Education’s (DepEd) NATIONAL TEACHERS MONTH: Held from September 5 to October 5 with the theme, "My Teacher, My Hero". This was in recognition of Filipino teachers and educators and their contribution in nation-building. MAP members were encouraged to support the National Teachers Month advocacy in empowering Filipino teachers and engaging the public in expressions of gratitude and participation in their activities.

26. PHILIPPINE BUSINESS GROUPS (PBGS) AND JOINT FOREIGN CHAMBERS

The MAP continue working with othe PBGs and JFCs in pushing the in pushing for the following Key Reform Measures of the Duterte Administration: 1.1 Constitutional Amendments (foreign equity restrictions) 1.2 Comprehensive Tax Reform Package 1.3 Apprenticeship Program Reform 1.4 BOT Law Amendments 1.5 Freedom of Information 1.6 Corporation Code Amendments 1.7 Public Service Act Amendments 1.8 Telecom reforms 1.9 Water Sector Reform Act 1.10 Bank Secrecy Law amendments 1.11 Emergency powers to address traffic and transportation crises 1.12 Retail Trade Act amendments

Note: The rankings were in the order of the “voting” results among the PBGs and JFCs, with most measures receiving tied votes.

Page 36 of 46

PROGRAMS FOR MANAGEMENT EXCELLENCE

1. “MAP MANAGEMENT MAN OF THE YEAR”

1.1 The search for “MAP Management Man of the Year” is one of the MAP’s vehicles in promoting management excellence for nation-building.

1.2 For almost five decades since 1967, the MAP has been conducting an annual search for “MAP Management Man of the Year” to recognize a person of exceptional distinction in the practice of management over a significant period of time.

1.3 The “MAP Management Man of the Year” is a prestigious award that MAP bestows on individuals in the business community or government for attaining unquestioned distinction in the practice of management and for contributing to the country’s progress. The conferment of the award follows a thorough, stringent selection process. The distinction of “MAP Management Man of the Year” has only been conferred 40 times in the five decades history of the award.

1.4 The criteria for the award include integrity, leadership, and management qualities; contribution to nation building and values formation; effective stewardship within the confines of the highest standard of business and management practice; among others.

1.5 The roster of “MAP Management Man of the Year” awardees include: Washington Z. SyCip (1967), Geronimo Z. Velasco (1977), Henry A. Brimo (1978), Jose M. Soriano (1979), Cesar E.A. Virata (1981), Jaime V. Ongpin and Vicente T. Paterno (1982), Dante G. Santos (1983), Cesar A. Buenaventura and Roberto T. Villanueva (1985), Jaime Zobel de Ayala (1987), Ramon V. del Rosario, Sr. (1988), Jose B. Fernandez, Jr. (1989), Raul T. Concepcion (1990), Oscar J. Hilado (1991), Alfonso T. Yuchengco (1992), Juan B. Santos (1994), David M. Consunji and Rizalino S. Navarro (1996), Gabriel C. Singson (1998), Delfin L. Lazaro and Henry Sy, Sr. (1999), Oscar M. Lopez (2000), Tony Tan Caktiong (2002), Jesus P. Tambunting (2003), Rafael B. Buenaventura (2004), Manuel V. Pangilinan (2005), George S. K. Ty and Jaime Augusto Zobel de Ayala (2006), Jose L. Cuisia Jr. (2007), Antonino T. Aquino and Jesus P. Estanislao (2009), Lilia B. de Lima and Ramon R. del Rosario, Jr. (2010), Erramon Aboitiz (2011), Aurelio R. Montinola III (2012), Edgar O. Chua (2013), Albert F. del Rosario (2014), Amando M. Tetangco, Jr. (2015), Teresita Sy Coson (2016) and John Gokongwei, Jr. (2017).

2. Ayala Corporation President and COO FERNANDO ZOBEL DE AYALA is “MAP Management Man of the Year 2018”

Mr. FERNANDO ZOBEL DE AYALA, President and COO of Ayala Corporation, was the recipient of the “MAP Management Man of the Year 2018” award.

Mr. Zobel was chosen for the following:

1. for helping steer the Ayala Group to being consistently ranked by the global investor community as among the best in the Philippines for management excellence, corporate governance, sustainability, and people management;

Page 37 of 46

2. for nurturing the strategic transformation of Ayala Land by improving the commercial and residential landscape of several areas all over the country, and by being a solid proponent of providing greater access to affordable housing to help augment the country’s housing backlog;

3. for helping establish the country’s highly successful Public-Private Partnership, the Manila Water Company, and transforming it into a water infrastructure player in Southeast Asia;

4. for his active participation, support and leadership in nation-building organizations, such as Centex (Education), Habitat for Humanity (Housing), HERO Foundation (Fallen Soldiers), Caritas (Church), Asia Society (Culture), and National Museum of the Philippines (Arts);

5. for his major contributions to national development, job creation and income generation through the Ayala Group’s huge investments in various industries; and

6. for his contribution to re-shaping national values through his track record of integrity, professional competence, and strong leadership.

MAP MEMBERSHIP

The total MAP membership has increased from 1,005 in 2018 to 1031 as of November 19, 2018 due to the following changes:

TOTAL MEMBERSHIP, as of January 1 1,005

New Members inducted from Jan to Oct. 90 Have Submitted Oath of Membership 10 Reinstatements 8 Resignations (75) Deceased ( 7)

NET INCREASE 26 ------TOTAL MEMBERSHIP, as of November 19 1,031

As of December 12, there were at least 35 new members for induction.

3. NEW MEMBERS INDUCTED IN 2018

3.1 The following 120 members were inducted in 2018:

February (21) (included 1 balik member) 3.1.1 Ms. SUSAN BAUTISTA AFAN, Managing Director of ABS-CBN Lingkod Kapamilya Foundation, Inc. 3.1.2 Atty. MARILYN “Marlyn” A. VICTORIO-AQUINO, President and CEO of MetroPac Movers, Inc.

Page 38 of 46

3.1.3 Mr. ROLANDO R. AVANTE, President and CEO of Philippine Business Bank, Inc. 3.1.4 Prof. PAOLO ANTONIO “Paolo” L. AZURIN, Professor at Asian Institute of Management (AIM) and Director of CLSA Exchange Capital 3.1.5 Mr. EDGARDO BAUTISTA 3.1.6 Mr. JOSE LUIGI “Luigi” L. BAUTISTA, President and CEO of Cavitex Infrastructure Corporation and MP CALA Holdings, Inc. 3.1.7 Mr. CALIXTO “Toti” V. CHIKIAMCO (Balik-Member), Founder and CEO of MRM Studios, Inc. and Mobilemo, Inc. 3.1.8 Mr. MARCELO CO, CEO of Marikina Food Corporation 3.1.9 Ms. SUSAN DIMACALI, Chair, ASPAC Communications 3.1.10 Atty. ROMEO H. DURAN, Head of the Corporate, Tax & Immigration Department of SVBB (Sapalo Velez Bundang & Bulilan Law Offices) 3.1.11 Mr. RANDOLPH “Randy” T. ESTRELLADO, COO of Maynilad Water Services, Inc. 3.1.12 Mr. RODRIGO “Rod” E. FRANCO, President and CEO of Metro Pacific Tollways Corporation 3.1.13 Ms. LYNETTE ORTIZ, President & CEO of Standard Chartered Bank Inc. 3.1.14 Mr. LAURENCE R. ROGERO, President of MetroPac Water Investments Corporation 3.1.15 Ms. EVELYN GRACE “Grace” C. SORONGON, SVP and Managing Director of John Clements Consultants, Inc. 3.1.16 Mr. VICTOR JOSE “Vic” R. TANCINCO, President and CEO of St. Peter Life Plan, Inc. 3.1.17 Ms. IMELDA “Ida” CENIZA TIONGSON, President of Opal Portfolio Investments (SPV-AMC) Corporation (A wholly-owned subsidiary of Golden Dragon Star Equities, Inc.) 3.1.18 Ms. MARGOT TORRES, SVP of McDonald's Philippines 3.1.19 Mr. JEROME NI UY, Founder and CEO of MedGrocer 3.1.20 Ms. LOLY NGO UY, CFO of San Roque Supermarket Retail Systems, Inc. 3.1.21 Ms. MARIA ROSARIO “Charrie” V. YULO-NG, Managing Director of Carmelray Group of Companies

March (7) 3.1.22 Mr. SAMUDRA BHATTACHARYA, President of Pepsi Cola Products Philippines, Inc. 3.1.23 Mr. RENATO V. DIAZ, Chair and President 3.1.24 Amb. KOJI HANEDA, Ambassador of Japan to the Philippines 3.1.25 Mr. RAUL IGNACIO, COO of Manila North Tollways Corporation 3.1.26 Ms. CRISTA MCINNIS, Senior Trade Commissioner of the Embassy of Canada in the Philippines 3.1.27 Mr. PETER D. MAQUERA, SVP for Enterprise Group of Globe Telecom 3.1.28 Mr. EDGAR B. SAAVEDRA, Chair, President and CEO of Megawide Construction Corporation

April (10) 3.1.29 Mr. GERARDO “Gary” DEL ROSARIO ABELLO, Head of Digital, Entertainment Media, Telecoms and Technology Group and Director of ZMG Ward Howell, Inc. 3.1.30 Mr. MARIO A. BISCOCHO, SVP and Managing Director of John Clements Consultants, Inc. 3.1.31 Mr. GIL BUENSUCESO, President of Healthway Medical Clinic

Page 39 of 46

3.1.32 Atty. ADRIAN S. CRISTOBAL, President of Steel Asia Manufacturing Corporation 3.1.33 Ms. LOFREDA “Dada” MASIGAN DEL CARMEN, President and CEO of Forecasting and Planning Tecnhologies, Inc. 3.1.34 Mr. ROBERT “Rob” PARKER, CEO and President of Medgate Philippines, Inc. 3.1.35 Mr. RICHARD RAYMUNDO, Managing Director of Colliers International 3.1.36 Ms. MARIA NIMFA “Maria” RONSON, Co-Director of Pertlink Limited (Hong Kong), Retired VP for Asia/Sales of Associated Press 3.1.37 Mr. CAESAR SANCHES, Country Managing Director of Panalpina World Transport (Philippines), Inc.

May (10) 3.1.38 Mr. VINCE LAWRENCE L. ABEJO, SVP and Cluster Head for Metro Manila Medium Rise Building Cluster of FILINVEST Land, Inc. 3.1.39 Mr. JOHN ALCORDO, Chair and CEO of TeaM Energy Corp 3.1.40 Ms. CRISTINA “Krees” CASTANEDA, President and Country Director of Drake International Group of Companies 3.1.41 Atty. DANILO "Danny" L. CONCEPCION, President of University of the Philippines (UP) 3.1.42 Mr. CHRISTIAN DANIEL “Chris” S. FERRERAS, COO of Manila Uni Capital Group 3.1.43 Ms. MARITA REGINA LIMLINGAN LAQUINDANUM, General Manager of Cristina Travel Corporation 3.1.44 Mr. LUIS GERARDO A. LIMLINGAN, Managing Director of Regina Capital Development Corporation 3.1.45 Mr. ALEXANDER S. NARCISO, President of Sun Life of Canada (Phils) Inc. 3.1.46 Ms. RUTH YU-OWEN, President of Upgrade Energy Philippines, Inc./PhilCarbon, Inc. 3.1.47 Mr. BENEDICTO “Benedict” C. SISON, Country Head and CEO of Sun Life of Canada Philippines, Inc.

July 4 (9) 3.1.48 Ms. BERNICE GAMBOA BERENGUER, President of IKON Solutions, Asia 3.1.49 Mr. J. PATRICK CUA, Country Managing Director of The Nielsen Company (Philippines) 3.1.50 Amb HARALD FRIES, Ambassador of Sweden to the Philippines 3.1.51 Ms. JANE FROILAN LOBOS, Associate Director of Standard Chartered Bank (Singapore) Ltd. 3.1.52 Mr. KARLO G. MAGPAYO, President and COO of Mother Teresa Crematorium and Columbary 3.1.53 Mr. PONCIANO “Chito” C. MANALO, JR., President and CEO of SM Retail, Inc. 3.1.54 Mr. DENIS H. NIXON, President of Cornerstone Performance International, Inc. 3.1.55 Ms. PIA ALVAREZ REYES, President and Managing Director of Centrolink Insurance Brokers Phils. Corp. 3.1.56 Mr. CARLO R. SINGSON, Managing Director of NBA Philippines

July 31 (16) 3.1.57 Mr. JAMES PATRICK “James” A. ALBA, President of Vendo Corporation 3.1.58 Mr. CARL ANG, Vice President of Multi-Rich Home Decors, Inc.

Page 40 of 46

3.1.59 Mr. GABRIEL JUINIO ANG, CEO of Atkins Import and Export Resources, Inc. 3.1.60 Mr. LAURENT BOISDRON, General Manager of Conrad Manila 3.1.61 Mr. DAMIEN DAMPERON, Managing Director of MOOG Controls Corporation – Philippine Branch 3.1.62 Ms. JACQUELINE “Jade” T. DE GUZMAN, Co-Founder, VP and Business Development Head of Solaric Corporation 3.1.63 Mr. MIKE DE GUZMA, Co-Founder, President and CEO of Solaric Corporation 3.1.64 Mr. MARTIN C. GUANTES, Leader of Market Group 3 and Partner of SyCip Gorres Velayo & Co. (SGV & Co.) 3.1.65 Mr. JAMES MORRIS P. ILETO, Vice President for Strategic Partnerships of Union Bank of the Philippines 3.1.66 Mr. BRIAN GREGORY “Brian” T. LIU, EVP and COO of Cirtek Holdings Philippines Corporation 3.1.67 Sec. VICENTE “Vince” S. PEREZ, JR., President and CEO of Alternergy Holdings Corporation 3.1.68 Mr. WILLIAM RUSSELL M. SCHEIRMAN, JR., CEO of Scheirman & Cruz Property Holdings, Inc. 3.1.69 Mr. SILLIMAN “Akyat” SY, COO of Ever Bilena Cosmetics, Inc. 3.1.70 Mr. LITO VILLANUEVA, Managing Director of FINTQnologies Corp. (FINTQ) 3.1.71 Ms. MA. LUISA “Luchi” D. VITALES, HR Director of Monde Nissin Corporation and VP – External of Laguna Chamber of Commerce and Industry, Inc. 3.1.72 Dr. HAZEL P. ZUELLIG, President of Z Healthcare Asia Holdings Corporation

August 28 (9) 3.1.73 Ms. MA. LUNA CACANANDO, President and CEO of Small Business Corporation (SBCorp) 3.1.74 Ms. REMEDIOS M. CAMERINO, Founder and President of Solutions Exchange, Inc. 3.1.75 Ms. LORRAINE BELO- CINCOCHAN, President and CEO of Wilcon Depot, Inc. 3.1.76 Mr. LUIS M. CHUA, President of Bank of Makati 3.1.77 Ms. MARION KOHCHET-CHUA, Head of Wealth Management of HSBC 3.1.78 Mr. PETER GRIMES, President and CEO of FWD Life Insurance Corporation 3.1.79 Mr. CHOONG WAI HONG, President and CEO of Maybank Philippines, Inc. 3.1.80 Mr. REY ESCARILLA UNTAL, President and CEO of IT & Business Process Association of the Philippines (IBPAP)

September 11 (4) 3.1.81 Mr. FELIX ENRICO R. ALFILER, Vice Chair of PNB 3.1.82 Engr. VERGIL J. BARGOLA, President and CEO of Cargo Padala Express Forwarding Services Corporation (CaPEx) 3.1.83 Mr. LUCIEN DY TIOCO, EVP of STAR Group of Publications 3.1.84 Ms. TINA M. STOCKDALE, EVP of Security Bank Corporation

October 26 (2) 3.1.85 Dra. MARIA CORAZON C. CONSUNJI, President and CEO of Makati Medical Center 3.1.86 Ms. JOANNE MATSCHUCK, President of Maschinen & Technik, Inc Page 41 of 46

December 10 (2) and 1 Balik Member

3.1.87 Mr. ADOR A. ABROGENA, Executive Vice President of BDO 3.1.88 Dr. MARIA FAINA “Faina” LUCERO DIOLA, Professor and Director of Center for Leadership, Citizenship and Democracy, National College of Public Administration and Governance (NCPAG) 3.1.89 Mr. FERDINAND “Perry” A. FERRER, Chair and CEO of EMS Components Assembly, Inc. 3.1.90 Mr JALLAIN MARCEL S. MANRIQUE, Partner for IT Advisory of R. G. Manabat & Co. Ms. EDELWISA MAPAGU (Balik Member), CEO of ASEA Metrics HR Solutions, Inc. 3.1.91 Ms. JO-ANN Y. TACORDA, Chief Administrative Officer of P. J. Lhuillier, Inc. 3.1.92 Atty. JOSE RONALD “JRVV” V. VALLES, VP and Head for Regulatory Management of MERALCO 3.1.93 Ms. CRISTINA “Tina” CARANTO-VIVAS, Head of Consumer Goods & Retail, Food Service, Healthcare and Pharmaceuticals Division of ZMG Ward Howell, Inc.

December 11 (8)

3.1.94 Mr. GEODINO “Ding” V. CARPIO, COO of Manila Water Company, Inc. 3.1.95 Mr. RAY CHAN, Executive Director, Credit Suisse HK 3.1.96 Mr. GREGORY RALPH “Greg” FINDLAY, General Manager of Makati Shangri-La 3.1.97 Dr. RAMON LORENZO LUIS “ Renzo R. GUINTO, President and CEO of PH Lab 3.1.98 Mr. JUAN VICTOR “Jovy” HERNANDEZ, SVP of PLDT 3.1.99 Atty. GIOVANNI “Vanni” H. MELGAR, Chair of GHM Group of Companies 3.1.100 Mr. DANIEL RODRIGO “Danny” D. REYES - (Balik Member), VP for Business Development of University of Asia and the Pacific (UA&P) 3.1.101 Mr. WILLY Y. TIENG, CEO of KLG International, Inc.

3.2 Submitted Signed Oath of Membership in 2018 (9)

3.2.1 Mr. ALEX V. BUENAVENTURA, President and CEO Land Bank of the Philippines (LBP) 3.2.2 Mr. ERIC S. LUSTRE, President and CEO, Philam Asset Management, Inc. (PAMI) 3.2.3 Mr. GEORGE SYCIP, President, Halanna Management Corporation 3.2.4 Dr. TIFFANY ADELAINE “Tiff” G. TAN, Dean, School of Management, University of the Philippines Cebu 3.2.5 Mr. ROBIN “Rob” BRADSHAW, Country Manager – Philippines, Cathay Pacific Airways Limited 3.2.6 Mr. IRWIN LEE, President and CEO, Universal Robina Corporation (URC) 3.2.7 Mr. CONSTANCIO “Teting” B. TAN, President, Orix Metro Leasing and Finance Corporation 3.2.8 Mr. PATRICK DAVID “Dave” R. DE LEON, COO, IP Converge Data Services, Inc.

Page 42 of 46

3.2.9 Mr. ANDRES “Andi” M. LICAROS, JR., President and CEO, Asian Hospital, Inc.

MAP STATEMENTS

1. STATEMENTS/LETTERS MAP SIGNED/CO-SIGNED BY MAP IN 2018

1.13 Joint Statement on the Proposed Amendments to the Philippine Constitution on January 21

1.14 MAP Position Paper on the Senate Bill No. 1490 or “An Act Enhancing the Governance Structure of the Energy Regulatory Commission” on January 31

1.15 MAP Position Paper on the Senate Bill on Tax Amnesty on February 6

1.16 Philippine Business Groups - Joint Foreign Chambers (PBG-JFC) Letter to Sen. FRANCIS G. ESCUDERO, Chair of the Committee on Education, Arts and Culture, opposing new Non-Working Holidays on February 22

1.17 MAP Letter to Finance Sec. CARLOS G. DOMINGUEZ III on the MAP’s support for the Tax Reform for Acceleration and INclusion (TRAIN) Program Package 2 on March 7

1.18 PBG - JFC Letter to Executive Secretary SALVADOR C. MEDIALDEA and Presidential Legislative Liaison Office (PLLO) Secretary ADELINO B. SITOY for the President to certify the Public Service Act (PSA) as Urgent on April 13

1.19 MAP Position Paper on the Malampaya Franchise Expiration in 2024 on May 4

1.20 MAP Letter to Sec. ARTHUR P. TUGADE urging the adoption of an Airport Complementation Strategy on June 6

1.21 Financial Executives Institute of the Philippines (FINEX)- Makati Business Club (MBC) - MAP - Philippine Chamber of Commerce and Industry (PCCI) - Semiconductor and Electronics Industries of the Philippines Foundation, Inc. (SEIPI) - Cebu Business Club (CBC) Position Paper on The Proposed Shift to a Federal System on June 18

1.22 CBC – Employers Confederation of the Philippines (ECOP) – FINEX – MBC – MAP – PCCI – Philippine Exporters Confederation, Inc. (PhilExport) Joint Statement entitled “Business Support Economic Managers’ Call to Weigh Costs and Risks in Shift to Federal Government” on August 12

1.23 PBG Joint Statement entitled “Business Support Economic Managers’ Call to Weigh Costs and Risks in Shift to Federal Government” on August 14

1.24 MAP Statement entitled “Upgrade NAIA, Not Close It” on August 20

1.25 “MAP Statement on the Real Property Valuation under TRAIN 3” on December 10

Page 43 of 46

FINANCE

1. The MAP will end 2018 with at least P3.0 million (M) in net excess of revenues over expenses.

2. MAP’s total assets increased by P4.75M or 8.8% from P53.51M in 2017 to P58.22 as of November 19, 2018.

3. As of November 19, 2018, MAP’s cash balances amounted to P48.31M, higher by P8.24M or 20.62% than last year’s P36.41M.

4. MAP had total money market investments of P28.75M as of November 20, 2018.

5. Two remaining Fund Managers are handling P18.56M of the P28.75M money market investments as follows:

5.1 BDO – P13.54M 5.2 BPI – P5.02M

6. The Restricted MAP Sustainability Fund has increased from P21M in 2017 to P24M in 2018. The Sustainability Fund can only be used upon the approval of the MAP Board in the future to finance the basic operating expenses of the MAP Secretariat, particularly in times when the Association may be operating in a deficit or when the collected dues are insufficient to finance a particular year’s operating expenses.

7. The following rates for 2019 Annual Dues will be retained:

Early Bird Rate: (if paid not later than Jan 31) P22,500 Regular Rate: (if paid from Feb 1 to Mar 31) P25,000

The last time there was an increase in the annual dues was 7 years ago in 2012.

MAP OFFICERS FOR 2019

The following have been elected MAP Officers for 2019:

President : Ms. RIZALINA “Riza” G. MANTARING President and CEO, Sun Life of Canada (Philippines), Inc.

Vice President : Atty. FRANCISCO “Francis” ED. LIM Senior Partner and Member of the Executive Committee and Special Committee, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW)

Treasurer : Atty. BENEDICTA “Dick” DU-BALADAD Founding Partner and CEO, Du-Baladad and Associates (BDB Law)

Page 44 of 46

Assistant Treasurer : Mr. CESAR G. ROMERO Country Chair, Shell Companies in the Philippines

Secretary : Ms. MARIA CAROLINA “Carol” V. DOMINGUEZ President and CEO, John Clements Consultants, Inc.

Governor : Sec. JOSE RENE GREGORY “Rene” D. ALMENDRAS President and CEO, AC Infrastructure Holdings Corporation

Governor : Mr. JOHN PHILIP “JP” S. ORBETA Managing Director and Group Head for Corporate Resources, Ayala Corporation

Governor : Mr. JUSTO “Tito” A. ORTIZ Chair, UnionBank of the Philippines

Governor : Gov. AMANDO “Say” M. TETANGCO, JR. Member, Board of Directors, Philippine Airlines (PAL)

THANKS

Thanks to the 2018 MAP Board of Governors, headed by MAP President MON FERNANDEZ

(l-r) RENE ALMENDRAS, President and CEO of AC Infrastructure Holdings Corporation, as Governor; ROMEO BERNARDO, Managing Director of Lazaro Bernardo Tiu & Associates, as Governor; MARIA CAROLINA DOMINGUEZ, President and CEO of John Clements Consultants, Inc., as Secretary; RIZALINA MANTARING, Chair, Sun Life Financial Philippine Holding Co., Inc., as Treasurer; RAMONCITO S. FERNANDEZ, President and CEO of Maynilad Water Service, Inc. as President; Sec. CARLOS "Sonny" G. DOMINGUEZ III, Secretary, of Department of Finance as Inducting Officer; Dr. DONALD LIM, CEO of Dentsu Aegis Network (DAN) Philippines, as VP; CESAR ROMERO, Country Chairman of Shell Companies in the Philippines, as Asst. Treasurer; ALFREDO PASCUAL, CEO of Institute of Corporate Directors (ICD) as Governor; and PETER WALLACE, Chair of Wallace Business Forum, as Governor.

Thanks also to the Chairs and Vice Chairs of the 2018 MAP Committees (see Annex A) for helping implement the MAP’s objective of promoting management excellence for nation-building.

Page 45 of 46

ANNEX A

Page 46 of 46