Manila Electric : Meralco ranks among Philippines’ Top 20 PLCs under ASEAN Corporate Governance Scorecard
October 15, 2018 at 04:23 am EDT
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October 15, 2018
Meralco Corporate Governance Office conducts governance onboarding program for the newly appointed Chief Audit Executive, Ms. Melanie T. Oteyza
As part of Meralco's commitment to uphold its culture of good governance and responsible management, the Corporate Governance Office (CGO) welcomed the newly appointed Chief Audit Executive, Ms. Melanie T. Oteyza to the Company with an orientation on the Company's governance practices last October 12, 2018 at the Corporate Audits Discussion Room, 7th Floor Lopez Building, Ortigas Ave., Pasig City.
Corporate Governance and Compliance Office (CGCO) AVP and Head, Atty. Jocelyn C. Villar-Altamira and CGO Manager, Atty. Lester F. Bernardo, Jr. gave an in-depth discussion on the Company's four pillars of governance, namely: Infrastructure, Information, Implementation, and Support to One Meralco, the Company's governance structure and best internal audit practices under the Integrated-Annual Corporate Governance Report.
In addition to this, CGO scheduled another meeting with Ms. Oteyza to brief her regarding the Company's compliance procedures. This will be presented by the Compliance Manager, Mr. Thom Ryan Q. Ortega. Moreover, on November 16, 2018, Ms. Oteyza will be joining her fellow key officers, as well as the board of directors, for the MVP Group's Annual Corporate Governance Enhancement Session.
Through this effort, CGCO aims to fulfill its commitment in providing continuous education to the Company's key officers to help them effectively carry out their roles in the organization.
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Meralco - Manila Electric Company published this content on 15 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 October 2018 08:22:01 UTC
Manila Electric Co. is an electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.