December 11, 2023 – D&L Industries Independent Director Mrs. Corazon de la Paz-Bernardo was honored by the Institute of Corporate Directors (ICD) as an honorary member last November 30, 2023. This was made in recognition of her notable contributions in the field of auditing, accounting, and consulting through her pivotal roles and her visionary and purposeful leadership in various professional and business organizations in the country.
Mrs. Corazon de la Paz – Bernardo
A distinguished Certified Public Accountant (CPA), Mrs. de la Paz-Bernardo formerly served as the Chairman and Senior Partner at Joaquin Cunanan & Company (PricewaterhouseCoopers – Philippines) from 1981 to 2001. She headed the Social Security System (SSS) of the Philippines from 2001 to 2008 as President and CEO and was also the first non-European President of the International Social Security Association from 2004 to 2010. In addition, she was also a former President of the Philippine Institute of Certified Public Accountants and was the first woman President of the Management Association of the Philippines, the Financial Executives Institute of the Philippines and the Philippine Fulbright Scholars Association.
The Honorary Fellow is the highest conferment that the ICD bestows. Mrs. de la Paz-Bernardo is the first female recipient of this esteemed title. She now joins the distinguished roster of ICD’s Honorary Fellows including BSP former Gov. Amb. Jose L. Cuisia, Jr., Dr. Cesar G. Saldaña, BSP former Gov. Amando M. Tetangco Jr., Mr. Antonino T. Aquino, Mr. Jaime Augusto Zobel de Ayala, and Dr. Justo A. Ortiz.
Mrs. de la Paz-Bernardo has been an independent director of D&L Industries since 2017. She currently serves as the Chairperson of the Audit Committee and a member of the Corporate Governance and Risk Oversight Committees.
Aside from D&L Industries, Mrs. de la Paz-Bernardo currently is an independent director of several Philippine companies including Del Monte Philippines, Inc., University of the East, UE Ramon Magsaysay Memorial Medical Center, Republic Glass Holdings Corporation, Roxas & Company, Inc., and Phinma Education Holdings Inc. She is also a trustee of several organizations including MFI Polytechnic Institute, Inc., Jaime V. Ongpin Foundation, Inc., Jaime V. Ongpin Microfinance Foundation, and Philippine Business for Education. She currently serves as an adviser to the board and audit committee of BDO Unibank, Inc. and an adviser to the audit committee of PLDT, Inc.
The ICD is a non-stock, not-for-profit national association of corporate directors and other stakeholders engaged in corporate governance. Its mission is to champion good corporate governance and stewardship for the benefit of society. By 2028, the ICD envisions itself to be at the forefront in the ASEAN Region by being the key catalyst in the Philippine corporate governance ecosystem for inclusive and sustainable development.
Mrs. De la Paz-Bernardo with the members of the Board of Trustees of ICD.
L-R: Senen L. Matoto, Ma. Aurora Geotina-Garcia, Pedro H. Maniego Jr., Corazon S. de la Paz-Bernardo, Dr. Jess Estanislao (ICD Chairman Emeritus), Tomasa H. Lipana, and Ma. Victoria C. Españo
“We would like to congratulate Cora for this exemplary recognition,” remarked D&L Chairman Edwin Lao. “We are honored to have on board one of the pillars in corporate governance in the country. Cora’s wealth of knowledge and experience continues to bring huge value to the board in steering D&L’s strategic direction,” Lao concluded.
D&L Industries is a Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM industries. The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. Established in 1963, D&L has the largest market share in most of the industries it serves, as well as long-standing customer relationships with the Philippines’ leading consumer and manufacturing companies. It was listed on the Philippine Stock Exchange in December 2012. For more information, please visit https://www.dnl.com.ph/investors/.
This press release may contain some “forward-looking statements” which are subject to a number of risks and uncertainties that could affect D&L’s business and results of operations. Although D&L believes that expectations reflected in any forward-looking statements are reasonable, D&L does not guarantee future performance, action or events.
INVESTOR RELATIONS CONTACT
Crissa Marie U. Bondad
Investor Relations Manager – D&L Industries Inc.
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