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Board of Directors

HENRY SY, SR., Chairman (non-executive) -- Mr. Sy is the founder of the SM Group of Companies and the Chairman of SM Investments Corporation, SM Prime Holdings, Inc., SM Land, Inc. (formerly Shoemart, Inc.) and Highlands Prime, Inc. He founded and opened the first Shoemart Inc. in 1958, which department store has evolved into a dynamic group of companies with five lines of businesses–retail, shopping malls, banking, property and hotels and conventions. Mr. Sy likewise serves as Chairman of Highlands Prime, Inc., Chairman Emeritus of BDO Unibank, Inc. and Honorary Chairman of China Banking Corporation.
 
 
HENRY T. SY, JR., Vice Chairman and Chief Executive Officer -- Mr. Sy, Jr. graduated with a Management degree from De La Salle University. He is responsible for the real estate acquisitions and development activities of SM Land, Inc. and SM Development Corporation which include the identification, evaluation and negotiation for potential sites as well as the input of design ideas. He likewise serves as Vice Chairman of SM Investments Corporation, Vice Chairman and President of SM Land, Inc. and Highlands Prime, Inc., Director of SM Prime Holdings, Inc., BDO Unibank, Inc. and SM Residences Corporation. He is also the President of the National Grid Corporation and Chairman of Pico De Loro Beach and Country Club, Inc.
 
ELIZABETH T. SY, ELIZABETH T. SY, Director -- Ms. Sy primarily oversees the SM Group’s increasing involvement in the tourism and hospitality industry sector. Ms. Sy is also the President of SM Hotels and Conventions Corporation; Director of SM Land, Inc. and BDO Private Bank; and Adviser to the Board of SM Investments Corporation. She likewise serves as Senior Vice President of SM Prime Holdings, Inc., Vice President of SM Commercial Properties, Inc. and Co-Chairman of Pico De Loro Beach and Country Club.
 
MS. ROSALINE Y. QUA, President and Chief Operating Officer. A Bachelor of Science graduate and a consistent dean’s lister of the College of the Holy Spirit. She started her career in banking and eventually transferred to real estate that saw her working for some of the industry’s major players in a career that spans more than 20 years.

OCTAVIO V. ESPIRITU, Independent Director -- A three-term former President of the Bankers Association of the Philippines(BAP) and former President and Chief Executive Officer of Far East Bank and Trust Company,  Chairman and President of MAROV Holdings Inc., Chairman for Delphi Group, Inc. He is also the Independent Director of Bank of the Philippine Islands, Pilipinas Savings Bank, Inc., Digital Telecommunications Philippines Inc., Int’l Container Terminal Services, Inc., Netvoice, Inc. and Pueblo de Oro Golf and Country Club. 
       

 


ATTY. RICARDO J. ROMULO, Independent Director
--Atty. Romulo is a Senior Partner of Romulo Mabanta Buenaventura Sayoc & De Los Angeles Law Firm. Currently, Atty. Romulo is Chairman and Director of Cebu Air, Inc., Digital Telecommunications, Inc., Federal Phoenix Assurance Co., Inc., Interphil Laboratories, Inc. and Manchester International Holdings Unlimited Corp. He also serves as Director of Beneficial- PNB Life Assurance Co., Inc., Goulds Pumps (Phils.), Inc., Honda Philippines, Inc., Johnson & Johnson (Phils.), Inc., Kraft Foods (Phils.), Inc., Maersk-Filipinas, Inc., Phil. American Life & General Insurance Co., Planters Development Bank and Zuellig Pharma Corporation.
 
Leonora Vasquez- De Jesus, 
Independent Director -- Ms. De Jesus is currently a Senior Consultant for Housing, Urban and Social Development in the Office of the Vice President of the Philippines and also a member of the Board of Directors in Banco De Oro Leasing and Finance Inc., Banco De Oro Capital Investment Corporation and Banco De Oro Elite Savings Bank, Inc. She also held key positions in government agencies and private corporations. In 1995, she was recognized as a National Awardee in The Outstanding Women in the Nation’s Service (TOWNS) Awards. She completed the “Improving and Expanding Housing Finance Systems,” program at the Wharton School of Business, University of Pennsylvania. Dr Vasquez-De Jesus holds a Doctorate degree in Psychology from the University of the Philippines.
 
 
JOSE T. SIO, Adviser to the Board of Directors -- Mr. Sio is the Executive Vice President and CFO of SM Investments Corporation. He is a Director of China Banking Corporation, Generali Pilipinas Holding Company, Inc., Belle Corporation, and SM Keppel Land, Inc. as well as other companies within the SM Group. Mr. Sio is also adviser to the Board of Directors of Banco De Oro Unibank, Inc. Mr. Sio holds a master’s degree in Business Administration from New York University, is a certified public accountant and was formerly a senior partner at Sycip, Gorres, Velayo & Co. (a member practice of Ernst & Young).







 
 



Board and President Evaluation


The Board conducts an annual self-evaluation as well as an evaluation of the President.  Each director is given a form to rate his performance and the Board's collective performance for the past year, in terms of independence, leadership, expertise and adherence to corporate governance.    Meanwhile, the President is evaluated by the Board on the basis of his leadership, integrity and diligence. 

The evaluation also includes a rating of the support services given to the Board, such as     the quality and timing of information given to the Board, and the frequency and conduct of     meetings.  The directors are also requested to identify trainings, programs or any other assistance they may need in the performance of their duties as director, as well as to indicate any other comments they have in relation to the annual evaluation.  

Board Corporate Governance Training

In compliance with applicable laws and regulations; SMDC requires that all newly elected directors have undergone corporate governance training.

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