PART III CONTROL AND COMPENSATION Item 9. Trustees and Executive Officers
18. Rosanna Esguerra-Salcedo, 56, Filipino: Treasurer, Far Eastern University, Inc
(September 2014 to present)
Other Corporate Affiliations: Vice President for Finance of Roosevelt College, Inc., Trustee of East Asia Educational Foundation Inc, (EAEFI), Trustee of FEU HWRFP, Treasurer of Foundation for Information Technology Education (FIT-ED)
Before joining FEU, she worked at the Bayan Telecommunications, Inc., where she managed numerous departments: initially as Head of General Accounting and Accounts Payable, then, Budget Department and Revenue Accounting, and as Head of Billing and Collection. She also served as the Head of Treasury and Internal Audit of Mariwasa Manufacturing, Inc. for five years.
Prior to joining the private sector, she worked for SGV & Co. both as an External Senior Auditor and Tax Senior Auditor.
Ms. Salcedo is a Certified Public Accountant. She obtained her BSBA Major in Accounting, cum laude, from the University of the East. She also completed her Management Leadership Program at the Asian Institute of Management.
19. Glenn Z. Nagal, 62, Filipino: Comptroller, Far Eastern University, Inc. (1996 to present)
Other Corporate Affiliation: Director and Treasurer, FEU High School, Inc.
Professional experience includes External Auditor, Carlos J. Valdes and Company;
Examiner, Central Bank of the Philippines; Internal Audit Manager, Far Eastern University; Chief Accountant and Budget Director, Far Eastern University; Compliance Officer, Far Eastern University; and Accounting Professor, Far Eastern University.
A Certified Public Accountant by profession, Mr. Nagal graduated with the degree of Bachelor of Science in Commerce, major in Accounting from Far Eastern University.
20. Rogelio C. Ormilon, Jr., 54, Filipino: Chief Audit Executive, Far Eastern University, Inc. (September 2015 to present)
Professional experience includes Audit Director at R.G. Manabat & Co./KPMG Philippines; Audit Senior Manager at Isla Lipana & Co./PwC Philippines; Audit Senior Manager at Ernst & Young Ltd. Auckland, New Zealand; Compliance Officer, Far Eastern University (September 2015 to January 2017); and Risk Management Officer, Far Eastern University (September 2015 to October 2018).
He graduated with the degree of B.S. Business Administration, Major in Accounting from Philippine School of Business Administration, Quezon City Campus in 1987 and obtained his Master in Management at the Asian Institute of Management in 2004. He is also a Certified Public Accountant.
The term of office of a Trustee is one (1) year or until his/her successor is elected and qualified.
The members of the Board of Trustees of the Corporation are elected at the Annual Stockholders' Meeting to hold office until the next succeeding annual meeting, or up to the time their respective successors shall have been elected and qualified.
The officers are appointed or elected annually by the Board of Trustees at its organizational meeting, each to hold office until the next meeting of the Board the following year or until a successor shall have been elected, appointed and qualified.
Significant Employees
The corporation considers its entire work force as significant employees. Everyone is expected to work together as a team to achieve the corporation’s goals and objectives.
Family Relationships
Dr. Lourdes R. Montinola, Chair Emeritus, is the mother of Mr. Aurelio R. Montinola III, Chairman, Mr. Antonio R. Montinola, Trustee, Mr. Juan Miguel R. Montinola, Chief Finance Officer and Atty. Gianna R. Montinola, Senior Vice President for Corporate Affairs.
Training and/or Continuing Education Programs of Trustees/Officers
The continuing education programs for trustees/officers: programs and seminars and roundtables attended during the year are as follows:
Name of Director/Officer
Date of
Training Program Name of
Training Institution Lourdes R.
Montinola
January 24-25, 2019
FEU Senior Management Strategic Planning Meeting
Far Eastern University Aurelio R.
Montinola III
August 9, 2019
Advanced Corporate Governance Training
Institute of Corporate Directors (ICD)
Michael M. Alba
July 25-27,
2019 ASAIHL International Conference 2019
Association of Southeast Asian Institutions of Higher Learning
September 19, 2019
PACU Seminar: “The Avalanche is Here: Addressing the Challenges in Higher Education” (participated as the
Key Speaker)
Philippine Association of Colleges and Universities November
18-19, 2019
SATU Steering Committee Meeting
Southeast and South Asia and Taiwan Universities (SATU) Angelina P. Jose January 24-
25, 2019
FEU Senior Management Strategic Planning Meeting
Far Eastern University Antonio R.
Montinola
January 24-25, 2019
FEU Senior Management Strategic Planning Meeting
Far Eastern University Jose T. Sio August 15,
2019
Advanced Corporate Governance Training Program
Institute of Corporate Directors (ICD) Paulino Y. Tan January 24-
25, 2019
FEU Senior Management Strategic Planning Meeting
Far Eastern University Sherisa P. Nuesa October 25,
2019
6th SEC-PSE Corporate Governance Forum
Securities and Exchange Commission Edilberto C. De
Jesus
October 30,
2019 Corporate Governance Orientation Institute of Corporate Directors (ICD) Maria Teresa
Trinidad P. Tinio
September 10 - 13,
2018
The AUN-QA Training Course for Accomplishing Institutional Assessment
(Tier 3)
ASEAN University Network -Quality Assurance Juan Miguel R.
Montinola
August 9, 2018
10th Annual Corporate Treasury and
CFO Summit – Philippines Bank of the Philippine Islands Rosanna E.
Salcedo
August 9, 2018
10th Annual Corporate Treasury and
CFO Summit – Philippines Bank of the Philippine Islands Anthony
Raymond A.
Goquingco
September 18 – 20,
2019
2019 Global Law Deans’ Forum International Association of Law Schools
September 20 – 22,
2019
2019 Annual Meeting
International Association of Law Schools
Gianna R.
Montinola
May 19, 2020
The Impact of Covid-19 Crisis on the
Education Sector Go Negosyo Myrna P. Quinto April 20-14,
2020
Writing a Good Self Assessment Report (SAR)
ASEAN University Network – QA SAR Zoom Clinic
Name of Director/Officer
Date of
Training Program Name of
Training Institution
Joeven R. Castro
May 14, 2019 to July
30, 2020
Career Center Training
USAID-STRIDE (Science, Technology, Research and Innovation for Development Program) September
30 to October 18,
2019
International Visitor Leadership Program (IVLP) on Promoting Media Literacy
through Education
United States Department of State- Bureau of
Educational and Cultural Affairs
Edward R.
Kilakiga
June 28,
2019 Energy Efficiency and Conservation Law Meralco May 7, 2020 Tools for Business Continuity in the Era
of Covid-19
United Nation Disaster Risk Reduction / Arise Phils.
Victorino T.
Tolosa II
December 12, 2019
Power Lunch with Data (Data Trends and Practical Data Strategy for the Digital
Enterprise)
Solvento Philippines
May 7, 2020 Tools for Business Continuity in the Era of Covid-19
United Nation Disaster Risk Reduction / Arise Phils.
Rogelio C.
Ormilon, Jr.
September 24, 2019
Train Beyond -Rise and Shine - Regulatory Updates/Design Thinking
and Collaboration
KPMG R.G. Manabat
& Co., through the KPMG Philippines Learning Institute November
28-29, 2019
Innovation in Internal Audit: Unraveling the Unknown
The Institute of Internal Auditors – Philippines
Number of Meetings and Attendance of the Board of Trustees
Below is the table of attendance of the members of the Board of Trustees in their regular/organizational meetings for the period June 1, 2019 to May 31, 2020 are as follows:
Members of the Board of Trustees
Regular Meetings
7/16 8/20 9/10 10/15 10/19* 11/19 12/10 1/21 2/18 3/24 4/21 5/19 Dr. Lourdes R.
Montinola / / / / / / / / / X X /
Mr. Aurelio R.
Montinola III / / / / / / / / X / / /
Dr. Michael M. Alba / / / / / X / / / / / /
Ms. Angelina P. Jose / / / / / / / / X X X X
Dr. Paulino Y. Tan / / / / / / / / / / / /
Mr. Antonio R.
Montinola / / / / X / / / / / / /
Mr. Jose T. Sio / / / / / / / / / / / /
Ms. Sherisa P.Nuesa / / / / / / / / / / / /
Dr. Edilberto C. De
Jesus / / / / / / / / / / / /