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MEET THE MANAGEMENT |
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TERESITA J. HERBOSA
Chairperson |
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As the Chairperson of the Securities and Exchange Commission (SEC), Teresita J. Herbosa applies
the experience she had gained from more than 30 years of private law practice to execute and administer
policies, decisions, orders and resolutions of the SEC. In the Philippines, the SEC implements two major
laws, the Corporation Code and the Securities Regulation Code (SRC). Under the Corporation Code,
the SEC is the registrar and monitor of all corporations and partnerships, while under the SRC, it is
the regulator of securities and capital markets.
Since her appointment in May 2011, Chairperson Herbosa has implemented several significant projects
at the SEC including, among others -the automation of public services as well as internal operations of
the SEC; the realignment of the functions of the Corporate Governance Division to better promote good
corporate governance among publicly listed companies and secondary licensees; the acquisition of a new
surveillance system to monitor PSE trades in line with the objective of the SRC to protect investors
and eliminate insider trading and other fraudulent practices; and, the adoption of new rules for
securities registration and more transparency in financial reporting. She simplified the company
registration process by providing business registry numbers in the certificates of incorporation;
proposed amendments to the Corporation Code which are pending in Congress; initiated the transfer
of the SEC main office to the Bonifacio Global Center; opened three satellite offices in shopping
malls to make SEC frontline services more accessible to the public; and, participated in relevant
ASEAN initiatives. In 2015, the SEC came out No. 1 among 36 government agencies/private entities
surveyed nationwide by SWS on sincerity in the fight against corruption.
Apart from her job at the SEC, by law, Chairperson Herbosa is a member of the Anti-Money Laundering
Council (AMLC) and Chairperson of the Credit Information Corporation, a GOCC whose primary purpose
is to act as the national aggregator of credit data.
Chairperson Teresita J. Herbosa graduated with the degrees of Bachelor of Arts cum laude and Bachelor of
Laws cum laude from the University of the Philippines. She obtained her Master of Comparative Law degree
from the University of Michigan Law School in Ann Arbor, Michigan. In 2014, she received the UPAA
Distinguished Alumna Award for Public Service.
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MANUEL HUBERTO B. GAITE
Commissioner
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Manuel Huberto B. Gaite was appointed by Her
Excellency President Gloria Macapagal Arroyo on March 16, 2009.
Mr. Gaite finished his degree of
Bachelor of Arts in Philosophy (1977) and Bachelor of Laws
(1982) at the Ateneo de Manila University. He passed the bar in
1983.
On June 16, 1983, Mr. Gaite joined
the Office of the Government Corporate Counsel as a research
attorney and rose through the ranks becoming a trial attorney
and later a State Corporate Attorney. In February 1986, he was
detailed to the Office of the President, where he served in
varying capacities and under four presidents starting with
President Corazon C. Aquino, Fidel V. Ramos, Joseph Ejercito
Estrada, and President Gloria Macapagal Arroyo.
Prior to his appointment at the
Securities and Exchange Commission, he was the Deputy Executive
Secretary for Legal Affairs in the Office of the President from
January 20, 2003. He was also Executive Director of the
Secretary in the Presidential Management Staff.
Mr. Gaite likewise sat in the board
of various government corporations - Manila International
Airport Authority, Home Guaranty Corporation, Food Terminal,
Inc., and Cagayan Economic Zone Authority. |
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ANTONIETA F. IBE
Commissioner
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Commissioner Antonieta Fortuna-Ibe was appointed by President
Benigno C. Aquino III on October 1, 2012.
As partner at Sycip, Gorres, Velayo & Co. (SGV &
Co.) for 20 years. Ms. Ibe managed and handled assignments for audit clients in various
industries, as well as special projects for the Firm. While at SGV, Ms. Ibe also served as Chairman of the
Professional Regulatory Board of Accountancy (BOA), and
previously as Vice Chairman and Member, for five years. As
BOA Chairman, she helped develop the Country Action Plan, now
fully implemented, and
instituted reforms for local accountancy.
In 2001, she was named Chairperson of the Professional
Regulation Commission (PRC), the first-ever female Chairperson
to be appointed. She resigned in 2004 to avoid any possible
conflict of interest when her daughter took the medical board
licensure examinations. As PRC Chair, Ms. Ibe instituted reforms
in professional regulation; it was during her term that 11
new/amended professional legislations were enacted, a first in PRC history.
She spearheaded the development of the Code of Good Governance
for all Professions in the Philippines, jointly with all the 42
Professional Regulatory Boards and the 42 Accredited
Professional Organizations, which was signed as Executive Order
No. 220 dated June 23, 2003; and the Good Governance Code of
Ethical Standards for PRC and employees.
After her resignation from the PRC, Ms. Ibe was Risk Management
Partner at KPMG member firm in the Philippines, reporting directly to the
Asia Pacific Region on risk management matters. Later, as
Chancellor of the University of the East (UE), she was key to
introducing reforms in the University's accountancy program and
other programs.
Ms. Ibe was a National Secretary and Chairman of Metro Manila
Regional Council of the Philippine Institute of Certified Public
Accountants (PICPA), and was Secretary General of the ASEAN
Federation of Accountants (AFA) and member of the AFA Council.
Her recent involvement in accountancy-related activities was
assistance in the conceptualization and development of a Quality
Assurance Review Program for accounting firms, and the
development of the Roadmap of the Philippine accountancy
profession.
She was also a consultant of the World Bank; currently, she is a
Trustee of the Institute for Solidarity in Asia (ISA) and Vice
Chair of UE Alumni Foundation.
Immediately prior to her appointment at the SEC, Ms. Ibe was
member of the Board of Trustees of the Local Water Utilities
Administration for over a year.
She received the following awards and distinctions, among others: PICPA's
Accountancy Hall of Fame, Outstanding CPA in Public Practice and
Outstanding PICPA Member; one of UE's Most Outstanding Alumni
during its 60th. Anniversary; and Fellow for Good Governance and
Responsible Citizenship from ISA.
Ms. Ibe is a Certified Public Accountant, and graduated with
Bachelor in Business Administration major in Accountancy, magna
cum laude from UE. She took up her Advance Management Program
from the Asian Institute of Management and her Management
Development Program from The European Institute of Business
Administration (INSEAD), Fontainebleau, Cedex, France as SGV
scholar. She has attended various development executive
trainings and seminars on the accounting profession and other
discplines. |
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EPHYRO LUIS B. AMATONG
Commissioner
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Ephyro Luis B. Amatong was appointed commissioner of the Securities and Exchange Commission
(SEC) by President Benigno S. Aquino III on April 23, 2014 and took his oath of office on May 13, 2014.
Before joining the SEC, Mr. Amatong was an Assistant Secretary of the Department of
Finance (DOF) where he had an active role in a number of privatization projects, including the privatization of 74
hectares of the Food Terminal, Inc. (P24 billion). He was involved in a number of successfully awarded Public-Private
Partnership (PPP) projects such as the construction of 9,300 classrooms under the PPP for School Infrastructure Project
Phase I (US$397 million), the NAIA Expressway Project (US$345 million), the Modernization of the Philippine Orthopedic
Center (US$126 million), and, most recently, the Automated Fare Collection System of the Department of Transportation
and Communication (US$38 million).
Mr. Amatong was the DOF representative to the Inter-Agency Anti-Graft Coordinating
Council and was also part of the team that developed and implemented President Aquino`s Reform Program for the Bureau
of Customs.
He also served in various capacities in the government, namely as Vice President of
the Philippine Deposit Insurance Corporation (2012-2013), Corporate Staff Officer of the National Power Corporation
(2010-2012), Acting Chairman of the Local Water Utilities Administration (2011), Corporate Legal Counsel and Assistant
Corporate Secretary of PNOC Exploration Corporation (2008-2010), Adviser to then Amb. Hilario G. Davide, Jr. at the
Permanent Mission of the Philippines to the United Nations (2007-2008), and Senior Law Clerk to then Justice Conchita
Carpio Morales of the Supreme Court of the Philippines (2003-2005).
Before joining the government, Mr. Amatong was an associate with the Villaraza &
Angangco Law Offices (2002-2003), where he dealt with high-profile litigation cases.
Mr. Amatong was admitted to the Philippine Bar in 2002 and the New York Bar in 2007.
He holds a Master of Laws (LL.M., 2006) degree, with an International Finance concentration, from Harvard Law School,
where he was an Ayala scholar and a Eugenio Lopez scholar. He also holds a Bachelor of Laws (LL.B., 2001) degree from
the U.P. College of Law, where he was conferred the Dean`s medal for academic excellence, and a Bachelor of Science in
Business Economics (B.S.B.E., 1997) degree, cum laude, from the U.P. School of Economics. He was a member of the Order
of the Purple Feather, the Honors Society of the U.P. College of Law, and is a life member of the Honor Societies of
Phi Kappa Phi and Pi Gamma Mu.
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BLAS JAMES G. VITERBO
Commissioner
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Commissioner Blas James G. Viterbo is a corporate and
tax lawyer by profession with a background in management and finance coupled with
practical experience in public policy and entrepreneurship.
He entered the private workforce with the position of
Supervising Senior, handling corporate and tax issues, in KPMG Philippines,
then affiliated with Laya Mananghaya & Co. After two years, he left private
practice and joined public service as an entry-level legislative-technical
staff lawyer in the senate office of Senator Mar Roxas. He rose through the ranks,
becoming Chief of the Legislative-Technical Unit, then Deputy Chief of Staff and ultimately,
Chief of Staff / Legal Counsel. He was also appointed as Legal Counsel of
the Senate Committee on Trade and Commerce.
Under the Tuwid na Daan Administration of President Aquino,
he was appointed as a Member of the Board of the Development Bank of the Philippines (DBP)
where he served for two years and advocated good governance initiatives. He sat in the Audit,
Human Resources and Trust Committees of the Bank as well as DBP representative
in the Maritime Industry Authority (MARINA) Board.
As a private citizen, he was a Director and Treasurer of a closely
owned holding corporation with business interests in mass media, power generation,
commercial and tourism realty development, among others.
He is a graduate of BS Business Administration &
Accountancy and also a holder of a LLM degree from the College of Business Administration and College
of Law, respectively, both from the University of the Philippines. |
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