Board Members

Our Board is elected annually and currently consists of seven directors, four of which are non-executive and independent. Select a board member's name to learn more about them.

Yin Yong L. Lao
Chairman

Yin Yong L. Lao is the Chairman of the Company, having been a Director since 1971 and having previously served as President. He is a Director as well as President and Chief Executive Officer of LBL Prime Properties Incorporated. Yin Yong is also a Trustee of the Association of Petrochemical Manufacturers of the Philippines. He also serves as a director of the following: Aero-Pack Industries, Inc., Chemrez Technologies, Inc., Chemrez, Inc., First in Colours, Incorporated, Oleo-Fats Incorporated, Malay Resources, Incorporated, Ecozone Properties, Inc., First Batangas Industrial Park, Inc., Anonas LRT Property and Dev’t Corp., Hotel Acropolis, Inc., and Jadel Holdings Co., Inc. He graduated from the Ateneo de Manila University with a Bachelor of Arts degree in General Studies.

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John L. Lao
Vice Chairman

John L. Lao is the Vice Chairman of the Company. He previously served as the President until August 2016. He is currently the President of Aero-Pack Industries, Inc. and Executive Vice President of Chemrez Technologies and Color-Chem Corporation. His other directorships include North Mactan Industrial Corporation, Chemrez Technologies, Inc.,Chemrez, Inc., First in Colours, Incorporated, D&L Polymer and Colours, Incorporated, D&L Powder Coating, Inc., Oleo-Fats Incorporated, Malay Resources, Incorporated, FIC Marketing, Inc., LBL Prime Properties Incorporated, Ecozone Properties, Inc., Anonas LRT Property and Dev’t Corp., Hotel Acropolis, Inc., First Batangas Industrial Park, Inc. and Jadel Holdings Co., Inc. John obtained his B.S. in Business Administration from the University of the East.

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Alvin D. Lao
CEO

Alvin D. Lao became a Director and President and Chief Executive Officer of the Company in August 2016. He also serves as an Independent Director of Xurpas Inc. and as a Director of Axis REIT, a real estate investment trust listed in Malaysia. He is a Vice President of the Technology Club of the Philippines (Philippine alumni of the Massachusetts Institute of Technology) and past president of the Entrepreneurs Organization (EO, Philippine Chapter). He is a current member of the Financial Executives Institute of the Philippines (FINEX), Wallace Business Forum, Akademyang Filipino, and Management Association of the Philippines. He was recently appointed as a member of the Advisory Board of Urban Land Institute – Philippine Branch. He is also the Executive Vice President and Treasurer of LBL Prime Properties, Inc. His other directorships include: Gurango Software Corporation, First in Colours, Incorporated, D&L Polymer and Colours,Incorporated, FIC Tankers Corporation, Ecozone Properties, Inc., Anonas LRT Property and Dev’t Corp., and Hotel Acropolis, Inc. He graduated from the University of Western Australia with a Bachelor of Science in Information Technology (Honours) and Statistics. He also holds a Master’s degree in Business Administration from the MIT Sloan School of Management.

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Atty. Mercedita S. Nolledo
Lead Independent Director

Mercedita S. Nolledo is an independent director of the Company. She also serves currently as a Director and/or officer in various capacities for Bank of the Philippine Islands, BPI Capital Corporation, BPI Family Savings Bank, BPI Foundation, Inc., BPI Investment Management, Inc., BPI Asset Management and Trust Corporation, Xurpas, Inc., Ayala Foundation, Inc., Ayalaland Commercial REIT, Inc., Anvaya Cove Beach & Nature Club, Michigan Holdings, Inc., and Sonoma Properties, Inc.. Mrs. Nolledo obtained a B.S. in Business Administration and Accountancy (Magna Cum Laude and class valedictorian) and a Bachelor of Laws (LI.B degree – cum laude and class valedictorian) from the University of the Philippines. She placed 2nd in both the Certified Public Accountant exams and bar exams in 1960 and 1965, respectively.

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Dr. Lydia R. Balatbat-Echauz
Independent Director

Lydia Balatbat-Echauz is an independent director of the Company. She has more than three decades of leading the country’s top schools. She served as President of publicly listed Far Eastern University from 2002 to 2012. Previous to this, she was Associate Director at the Graduate School of Business, Ateneo de Manila University until 1985 and Dean of the Graduate School of Business, De La Salle University from 1986 to 2002. Her expertise extends beyond the academe as she also sits on the board of several companies which include Metro Pacific Investments Corporation, Pilipinas Shell Petroleum Corp., PLDT Beneficial Trust Fund, Global Business Power Corporation, SM Foundation, Inc., Henry Sy Foundation, Inc., PhilStar Group, Riverside College, Inc., NBS College, Felicidad Sy Foundation, Inc., FERN Realty Corporation, Superior Parañaque Homes, Inc., Bancholders, Inc., Akademyang Filipino Asso., Inc., Museo del Galeon, Inc,. and Unilink Communications Corporation.

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Engr. Filemon T. Berba, Jr.
Independent Director

Filemon T. Berba, Jr. is an independent director of the Company. He is the Chairman of the Philippine Foundation for Science & Technology, President Emeritus of the Philippine Quality Award Foundation and serves as independent director of EEI Corporation. He also previously served as Senior Managing Director of Ayala Corporation , seconded as Vice Chairman and President of Manila Water Company, President of Globe Telecom, Vice Chairman and President of Integrated Microelectronics, Inc., President and Chief Executive Officer of Philippine Electric Corporation, President of Westinghouse Asia Controls Corporation, Group President of various companies under the Herdis Group, Vice President for Manufacturing and Logistics Services for United Laboratories, as well as other senior management positions in the First Philippine Holdings Group. Mr. Berba obtained a B.S. in Electrical Engineering (Magna Cum Laude) from the University of the Philippines and obtained his Masters of Business Administration degree (with distinction) from the Wharton School of the University of Pennsylvania.

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Corazon S. De La Paz-Bernardo
Independent Director

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.

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Yin Yong L. Lao

Chairman

John L. Lao

Vice Chairman

Alvin D. Lao

CEO

Atty. Mercedita S. Nolledo

Lead Independent Director

Dr. Lydia R. Balatbat-Echauz

Independent Director

Engr. Filemon T. Berba, Jr.

Independent Director

Corazon S. De La Paz-Bernardo

Independent Director

Committees

Audit Committee

Chairperson

Independent DirectorCorazon S. Delapaz-Bernardo

Members

Lead Independent Director
Atty. Mercedita S. Nolledo
Independent DirectorEngr. Filemon T. Berba, Jr.

Corporate Governance Committee

Chairperson

Lead Independent DirectorAtty. Mercedita S. Nolledo

Members

Independent DirectorDr. Lydia R. Balabat-Echauz
Independent DirectorCorazon S. De La Paz-Bernardo
Non-ExecutiveYin Yong L. Lao

Executive Committee

Chairperson

Non-ExecutiveDean L. Lao

Members

Non-ExecutiveLeon L. Lao
Non-ExecutiveAlex L. Lao
Non-ExecutiveYin Yong L. Lao
Non-ExecutiveJohn L. Lao
ExecutiveAlvin D. Lao

Nomination Committee

Chairperson

Non-ExecutiveJohn L. Lao

Members

Independent DirectorEngr. Filemon T. Berba, Jr.
ExecutiveAlvin D. Lao

Remuneration Committee

Chairperson

Non-ExecutiveYin Yong L. Lao

Members

Non-ExecutiveJohn L. Lao
Lead Independent DirectorAtty. Mercedita S. Nolledo

Risk Oversight Committee

Chairperson

Independent Director
Engr. Filemon T. Berba, Jr.

Members

Independent DirectorDr. Lydia R. Balabat-Echauz
ExecutiveAlvin D. Lao
Non-ExecutiveJohn L. Lao
Member
Corazon S. De La Paz-Bernardo

Related Party Transaction Committee

Chairperson

Independent DirectorDr. Lydia R. Balabat-Echauz

Members

Independent DirectorEngr. Filemon T. Berba, Jr.
Lead Independent DirectorAtty. Mercedita S. Nolledo

Advisory Board

MemberDean L. Lao
MemberLeon L. Lao
MemberAlex L. Lao
Lead Independent Director
Atty Mercedita S. Nolledo

Policies, Codes, & Manuals

The Corporation recognizes that the most cogent proof of good corporate governance is that which is visible to the eyes of its investors. Therefore the following provisions are issued for the guidance of all internal and external parties concerned, as governance covenant between the Corporation and all its investors.

The Manual shall institutionalize the principles of good corporate governance in the entire organization.

You may download our Manual on Corporate Governance by clicking on the button below.

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The Corporation recognizes that the most cogent proof of good corporate governance is that which is visible to the eyes of its investors. Therefore the following provisions are issued for the guidance of all internal and external parties concerned, as governance covenant between the Corporation and all its investors.

The Board shall be committed to respect the following rights of the stockholders, which shall be exercised in accordance with the Corporation Code, Articles of Incorporation and By-Laws of the Corporation

  • Right to vote on all matters that require their consent or approval;
  • Right to inspect corporate books and records;
  • Right to information;
  • Right to dividends
  • Appraisal right; and
  • Right to appoint a proxy.

It shall be the duty of the directors to promote shareholder rights, remove impediments to the exercise of shareholders' rights and allow possibilities to seek redress of violation of their rights. They shall encourage the exercise of shareholders' voting rights and the solution of collective action problems through appropriate mechanisms. They shall be instrumental in removing excessive costs and other administrative impediments to shareholders' meaningful participation in meetings, whether in person or by proxy. The directors shall ensure timely distribution of accurate shareholder information necessary to make informed decisions subject to legal constraints.

The Board shall give minority stockholders the right to propose the holding of meetings and the items for discussion in the agenda that relate directly to the business of the corporation.

The Corporation recognizes that the most cogent proof of good corporate governance is that which is visible to the eyes of its investors. Therefore the following provisions are issued for the guidance of all internal and external parties concerned, as governance covenant between the Corporation and all its investors.

At D&L, our values are at the core of our work and our operations. Our corporate code of business principles (the "Code") incorporates our commitment to this fundamental and basic belief and shows the way to doing things.

We enjoin our subsidiaries, affiliates and member companies to adhere where ever and at all times to the set standards of conduct and behaviour.

We strongly encourage our people as well as our suppliers, customers, contractors and all those we partner with, to live up to the direction and guidance of the Code. We firmly believe upholding what is right and ethical greatly benefits all.

To download our Code of Business Principles, please click on the button below.

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Risk is a threat that the occurrence or non-occurrence of an event or action will adversely affect an organization’s ability to achieve its business objectives and execute its plans successfully. Such risks may originate from the different business processes of the company. Through its risk management program, which includes regular reviews of such business processes by the management, D&L identifies, assesses, prioritizes and installs effective countermeasures to minimize or eliminate these risks. Risk management is not only championed by the Board but is also seen as a shared responsibility between the management and D&L employees.

Internal Audit Charter

Annual Corporate Governance Report

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Company Policies

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Committee Charters

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Company Information

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