Jose T. Pardo

Mr. Jose T. Pardo, 84, has been an Independent Director of JGS since August 6, 2003. He is the Chairman of the Philippine Stock Exchange and the Philippine Seven Corporation. He is also a Director of Del Monte Philippines, Inc., and Advisory Board Chair of the Bank of Commerce. Mr. Pardo also serves in various private and non-listed enterprises and is the Chairman of the Securities Clearing Corporation of the Philippines, a Director of National Grid Corporation of the Philippines, League One Finance and Leasing Corporation, and Araneta Hotels. Mr. Pardo is also the Chairman of the ECOP Council of Business Leaders, the Chairman of the PCCI Council of Business Leaders, the Chairman and a Trustee of the Philippine Stock Exchange Foundation, a Director of ZNN Radio Veritas Foundation, and a Director and Trustee of Bayaning Pulis Foundation. He also held positions in Government as former Secretary of the Department of Finance and former Secretary of the Department of Trade and Industry. He obtained his Bachelor of Science in Commerce, Major in Accounting and Master’s of Business Administration from De La Salle University in Manila. He has been conferred on February 10, 2018, an Honorary Doctorate in Finance by the De La Salle University in Manila.

Mr. Pardo’s expertise and many years of experience have been invaluable to the management of JGS, especially because of his extensive experience in public service. Mr. Pardo has served in various civic and other organizations' leadership capacities. His insights as the Chair of JGS’s Governance, Nomination, Remuneration, and Sustainability Committee are very valuable and instrumental in helping the Corporation realize its purpose and ambition to deliver efficient and prudent management of the Corporation that will provide long-term success aligned with its core values of entrepreneurial mindset, stewardship, and integrity. Mr. Pardo’s visionary leadership and outstanding contributions have earned him numerous honors and distinctions from national award-giving bodies and educational institutions, which include the following: The Outstanding Filipino Award for Business, The Outstanding Young Men Award, the Man of the Year Award, the President Roxas Memorial Award, and De La Salle Alumni Association Distinguished Lasallian Award. The Corporation recognizes Mr. Pardo’s invaluable contribution to the furtherance of the goals and objectives of the Corporation and his vital instruction in navigating the Philippine regulatory landscape. The Corporation’s management believes that the extensive experience of its directors and senior management is crucial in future-proofing the Corporation and its businesses and ensuring that customers are provided with better choices and that successes are shared with stakeholders.

We note that while SEC Memorandum Circular (MC) No. 19, Series of 2016 limits the term of independent directors to nine (9) years reckoned from 2012, the affirmative vote of stockholders representing majority of the Corporation’s total outstanding capital stock for the election of Mr. Pardo shall be deemed approval from the stockholders for Mr. Pardo to serve as independent director of JGSHI for the ensuing year, as required under the aforementioned circular.