GMA Network names Jaime Laya independent board member

GMA Network Inc. on Friday announced the election of Dr. Jaime C. Laya as independent member of the broadcast network’s board of directors. Laya is a recipient of the Association of Certified Public Accountants in Public Practice Lifetime Achievement Award for 2007. He is founder and chairman of the firm Laya Mananghaya & Co. (currently Manabat Sanagustin & Co.) until his retirement in 2004. Laya graduated magna cum laude from the University of the Philippines with a degree in Business Administration. At the age of 18, he placed 8th in the 1957 CPA examination and had to wait three years before taking his oath. He taught accounting, economics, and management courses at UP after graduation. While with the University of the Philippines, Laya studied at the United States for his masters and doctorate degrees. In 1974, Laya joined the government service and served in various capacities until 1986, including as minister of Education, Culture and Sports, minister of Budget, and as governor of the Central Bank of the Philippines. After retiring from government service in 1986, Laya founded J.C. Laya & Co., Ltd. and engaged in accounting and consulting work. The firm grew and was later renamed Laya Mananghaya & Co. Laya is chairman and president of the Association of Certified Public Accountants in Public Practice in 2003 and of the ACPAPP Foundation, Inc. in 2004. Laya joined GMA Network Inc.’s board of directors, which includes lawyer Felipe L. Gozon as chairman, Gilberto R. Duavit Jr., Joel Marcelo G. Jimenez, Judith R. Duavit-Vazquez, lawyer Anna-Teresa M. Gozon-Abrogar, Felipe S. Yalong, Laura J. Westfall, and another independent member - former Chief Justice Artemio Panganiban. GMANews.TV is the official website of GMA News and Public Affairs, a unit of GMA Network Inc. - GMANews.TV