Corazon de la Paz-Bernardo is an independent director of the Company. She headed the Social Security System from 2001 to 2008 as President and CEO. Prior to this, she built a successful career as a certified public accountant at Joaquin Cunanan & Co (Price Waterhouse Coopers Philippines) from 1967 to 2001. She was also the first non-European President of the International Social Security Association from 2004 to 2010. She continues to be an independent director or trustee of other companies including Roxas & Co., Republic Glass Holdings, Phinma Energy Corporation, Phinma Petroleum and Geothermal, Inc., University of the East, University of the East RMMMCI, Miriam College, and Del Monte Philippines, Inc.. She is currently the Vice Chairman of the Shareholder Association of the Philippines.

Mrs. de la Paz-Bernardo is a graduate of the University of the East (Magna Cum Laude) and obtained first place in the 1960 CPA board examination. She obtained her MBA from the Cornell University Johnson School of Management as a Fulbright grantee and UE scholar.