advisories & notices

1. Aldaba, Fernando T.
2. Bicar, Eugene H.
3. Bigornia, Jose Mari T.
4. Cabading, Maria Carmela G.
5. Conde, Jerry Gwen L.
6. Encarnacion, Celina R.
7. Garcia, Maria P.
8. Mangulabnan, Jose Rodelio V.
9. Neri, Romulo L.
10. Nethercott, Richard J.
11. Porto, Vicente M.
12. Tang, Carroll U.
13. Tullao, Jr., Tereso S.
14. Villanueva, Ralph A.

For any comments on the independent* qualifications of the foregoing Nominees, kindly address your concern on or before Tuesday, 26 January 2021, to the:

Office of the Corporate Secretary
18/F Robinsons Equitable Tower, ADB Avenue,
Ortigas Center, Pasig City
Email Address: pemc_ocs@wesm.ph

*In accordance with Section 5.04 of the Guidelines on the Nomination and Selection of the Regular Board of Directors of the Independent Electricity Market Operator of the Philippines, Inc., a “person is independent if he/she is:

1. not a director, officer, employee, contractor, agent, manager or shareholder of a WESM Member or the System Operator;
2. not a relative of a person within the fourth (4th) civil degree of consanguinity or affinity of a director, officer, employee, contractor, agent, manager or shareholder of a WESM Member or the System Operator;
3. not an officer, manager, director or shareholder, agent, employee or contractor of, or is not a person who directly or indirectly, through one or more intermediaries control, is controlled by a company, affiliate or any other entity related or associated with a WESM Member or the System Operator, where:
   • A related company is a parent, holding company, subsidiary or affiliate of the WESM Member or the System Operator; and
   • An associate is a person who is a director, officer, manager or shareholder of that related company or entity or a relative of such a person within the fourth civil degree of affinity or consanguinity; and

   • An affiliate is any person that, alone or together with any other person, directly or indirectly, through one or more intermediaries’ controls or is controlled by, or is under common control with another person.

     Provided, That the term shareholder shall exclude a member of an electric cooperative who is not involved in its operation and management and an end-user required to subscribe to or purchase a share in a distribution utility, and provided the interest of the end-user is not more than the minimum required to avail of the distribution utility’s service.

4. not an official or employee of the Philippine government, its agencies or instrumentalities, provided, this will not apply to members of the academe in public schools and universities;
5. has not been employed as an officer, or in any supervisory or managerial capacity, by any electric power industry participant, or company or body related to or associated with a WESM Member or the government within one (1) year prior to the nomination date; and
6. agrees not to be employed by and does not accept any employment with  a company, affiliate or any other entity related to or associated with a WESM Member or the System Operator within one year after the person ceases to be a director.”