Philippine Stock Exchange board reinstated for 2025-2026

Shareholders of the Philippine Stock Exchange Inc. (PSE) have reinstated its Board of Directors for a fresh one-year mandate.

In a news release on Saturday, PSA said the entire 15-member board of the local bourse was re-elected for a fresh term during its annual stockholders' meeting on July 12.

The 15-member PSE Board is composed of one president-director, not more than five broker directors, at least five independent directors, and at least four directors representing the interests of issuers, investors and other market participants.

During the stockholders' meeting, Jose Pardo and Ramon Monzon were re-elected as chairman and president and CEO, respectively.

"The fresh mandate given to the PSE Board will ensure continuity in the reforms and initiatives we have started pursuing to attract more listings and introduce new products and services that will enhance liquidity in the capital market," said Pardo.

Moreover, retired chief justice Teresita Leonardo-De Castro, Peter Favila, Andrew Jerome Gan, and Vicente Panlilio have been given new terms to serve as independent directors. 

Also re-elected as broker-directors were Diosdado Arroyo, Eddie Gobing, Anthony Te, Wilson Sy, and Ma. Vivian Yuchengco.

Meanwhile, re-elected as sectoral directors were Atty. Marilyn Victorio-Aquino (representing issuers), Ferdinand Constantino and Jose Arnulfo Veloso (representing investors), and Edgardo G. Lacson (representing other market participants).

"The Board will remain steadfast in providing guidance and oversight in establishing clear policies and direction for the Exchange, including the integration of the PSE and the Philippine Dealing System Holdings Corp., which offers significant opportunities for the development of the local capital market," said Pardo. — VDV, GMA Integrated News