March 2018 : First Balfour Builds for Good
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MARCH 2018 www.lopezlink.ph Until March 31, 2018 Help rebuild Marawi by bringing back the fun and enjoyment of learning to Marawi’s children! http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph See story on page 8. First Balfour builds for goodTurn to page 6 ON the cusp of reaching its half-century mark, First Balfour Inc. is raring to “build for good.” An artist’s rendition of the P22.6-billion Cebu-Cordova Link Expressway Building Manna Vargas Do a Rockwell better boards gets some tough food crawl! …page 2 …page 12 love …page 9 Lopezlink March 2018 Biz News Lopezlink March 2018 Keeping the lights on On building better boards ABS-CBN wins more By Carla Paras-Sison PHOTOS BY: JEI-JEI GERTES/CPSJEI-JEI PHOTOSBY: in the transition to BEVERLY Behan, a lawyer and heartsBy Kane Choa in February founder of Board Advisor LLC, Loss prevention an all-renewable future recently shared insights culled ABS-CBN remained the net- “TV Patrol” (32.2%) brought Excerpted remarks by First Phil- ers. Coal, given its abundance from her governance work fol- work of choice of most Filipi- relevant news stories to more ippine Holdings Corporation in the world, was traditionally lowing the publication of her nos in February as it recorded viewers last month, while “La chairman Federico R. Lopez, 2nd among the cheapest fuels for 2011 book, “Great Companies an average audience share of Luna Sangre” (31.7%) gripped Philippine Environment Summit, power generation. We’ve always Deserve Great Boards: A CEO’s 46% compared to its rival net- viewers with its thrilling scenes toBy Carla Paras-Sison manage risk Cebu City, February 22, 2018 been staunch believers in a de- Guide to the Boardroom.” work GMA’s 33%, according to as it approached its finale. carbonizing pathway but I’ll be Keynoting the Distinguished data from Kantar Media. “Wansapanataym” (30.7%) PREVENTING loss with a THERE’S a revolution hap- the first to admit that we be- Corporate Governance Speaker The Kapamilya network captured audiences nationwide thorough analysis of the busi- pening in the world today lieved the world still had more Series (DCGSS) of the Institute ruled both rural and urban with its valuable lessons. On ness environment is a vital with many powerful vectors time to get its act in order. of Corporate Directors (ICD), homes last month, particularly the other hand, the wildest risk management measure that converging to change the en- However, that view changed Behan said the best directors play in Metro Manila where it gar- ending of “Wildflower” (23.3%) corporations must consider on ergy industry as we know it. immensely in November 2013, we only have 0.9°C to go be- both the “watchdog role” and the nered 40% versus GMA’s 28%. kept viewers on the edge of a daily basis as well as with a I’m quite excited by it because when our largest geothermal fore we exceed the Paris COP “sounding board role” to help It also led the ratings game in their seats. long-term view. if we’re able to seize them and plant in Leyte, Southern Phil- 21 commitment of restraining companies succeed. “A board Total Luzon as it registered Completing the list are Institute of Corporate Direc- ride the wave, we have a gold- ippines, was directly hit by one the average global temperature needs to serve as a watchdog Board Advisor LLC founder Beverly Former ICD CEO Ricardo Jacinto 42% compared to GMA’s 35%, “Home Sweetie Home” (23.3%), tors (ICD) chairman Francis en opportunity to leapfrog and of the most powerful typhoons rise to less than 2°C. Beyond for shareholders and a sounding Behan in Total Visayas where it hit “The Blood Sisters” (22.7%) and Estrada at a Fellows’ Lunch on build a power industry that’s on historical record to ever to this threshold, scientists ac- board for management.” 56% while GMA only got 27% “Rated K” (22.6%). February 28 said that businesses truly for the 21st century. That hit the planet. knowledge that the world As watchdogs, directors fo- mittees, board leadership, board ing for a “dragonfly perspective” and in Total Mindanao where it Meanwhile, ABS-CBN also cannot possibly eliminate all risks. power industry must not only Personally fearing for the becomes extremely dangerous cus on corporate oversight, ap- dynamics, board-management to improve decision making at got 52%, beating GMA’s 31%. won across all time blocks, “We strive to mitigate risks to the AIG risk specialists (l-r) Gaurang Gada, liabilities risk consultant-Asia; David Hill, head of Liabilities Risk address inclusive economic lives and safety of all 743 of for all of us. Many experts in- prove management’s decisions relationship, and board pro- the board level. This means be- “FPJ’s Ang Probinsyano” particularly in the prime time extent possible, but we must still Consulting-Asia Pacific; Kumar Rajasegaram, regional account engineer-Asia Pacific; and Malek Ali, regional development but exponential our employees and seeing cluding the UNEP are saying and actions, challenge manage- cesses. ing able to view issues from all (41.2%) still topped the list block where it recorded an av- continue to do business. We just Marine Loss Control manager technological advances and them knocked off their feet we have two to three years left ment’s assumptions and raise In the Philippines, the board angles, just like the dragonfly of most watched programs in erage audience share of 51% have to determine which risks to climate change as well. overnight; seeing hard-nosed before the door closes to lim- challenging and sometimes dif- of directors of publicly listed that can see 360 degrees around February. compared to GMA’s 31%. The carry or to lay away.” as important as innovation in a companies insure cargo but ne- including goodwill, which can- Let me start by saying that mayors literally crying and des- iting temperature rise to 1.5 ficult questions. As sounding companies is mandated to con- it because of its compound eyes It was followed by “Pilipi- prime time block is the most At the same forum, AIG core business. “Understanding glect to consider business loss not be insured but which may last May 2016, we made the perate for food and water; wit- degrees C, many are in fact boards, they focus on partner- duct an annual self-assessment that contain up to 30,000 fac- nas Got Talent” (39.6%), which important time of the day head of Liability Risk Consult- risk and avoiding losses rewards from any damage to the cargo. cost three to 10 times the direct categorical announcement at nessing the enormous suffering saying COP 21 only gets us to ing with management, provide of its performance, including ets. showcases the world-class tal- when most Filipinos watch ing-Asia Pacific David Hill said in multiples,” he said. “For example, a $5-million costs. our annual shareholders meet- of communities who lost loved a 3 degrees Celsius world. advice, counsel, guidance and the performance of the board The dragonfly perspective ents of Pinoys weekly. “MMK” TV and advertisers put a larger the risk environment is chang- Also presenting were AIG transformer may be insured in “The economic cost of work- ing that our group of compa- ones and whatever few posses- The global response is shift- mentoring to the CEO and se- chairman, individual members can be achieved by adjusting (33.9%) captivated viewers chunk of their investments in ing due to new threats and new regional account engineer-Asia transit, but how do you cover for related injuries and ill health nies would not invest, build, or sions they had—seeing all these ing fast but needs to move nior management, and facilitate and board committees. Ev- for wrong information, over- with the inspiring stories of its to reach more consumers ef- business models, and “risks Pacific Kumar Rajasegaram, the business loss when the trans- is borne by the employer, the develop any coal-fired power firsthand, as well as the scale of even faster to avoid catastro- business introductions. ery three years the assessment coming biases and fallacies, letter senders. fectively. strategies are demanded to ad- who gave case studies on prop- former is not delivered on time worker and the community…. plants. Last year (2017), we rescue, relief and rebuilding ef- phe. As the IPCC highlights, She outlined eight compo- should be supported by an ex- and encouraging skepticism, dress new risks on top of old” or erty loss control; AIG regional to its destination?,” he said. There is a construction boom also broke the traditional mold forts that came after, has had “inaction today has enormous nents of board building that ternal facilitator, according to debate and diversity of per- Promos & offers long-standing risks. marine loss control manager Supplier risks relate to wrong- in the Philippines, but research of our corporate annual report an enormous impact on how consequences on the scale of must be examined and regu- Securities and Exchange Com- spective. According to him, a host of Malek Ali, who gave case stud- doing by suppliers, which may points to three fatalities every front pages to drive the point we’ve moved forward as a com- the reaction required tomor- larly evaluated to continually mission (SEC) Memorandum ICD’s quarterly DCGSS Watch 1,400 factors accelerates risk develop- ies on marine loss control; and impact the corporation in terms week in the Philippines,” he home even more. pany. It’s not hard to imagine row.” With every day of hesi- improve the performance of or- Order No.