Family businesses honored at the Philippine Family Business Awards
Decisions and succession planning in a multi-generational institution can result in chaos and even business closure. However, done right, family business is fulfilling and makes a positive influence on the community it serves. On April 14, 2018, 10 family businesses were honored at the Philippine Family Business Awards held at Escaler Hall.
A joint undertaking of the Ateneo de Manila University, through its Family Business Development Center, and Union Bank of the Philippines, the awards celebrated the valuable contributions of family businesses in the country.
In her opening remarks, Dr.Maria Luz Vilches, Vice President for the Loyola Schools, lauded the awardees for their achievements.
“We honor today 10 families whose businesses have flourished. Excellence here is not just a label or a word. It is shown in effective governance, commitment to quality and strong family relations. I’d like to congratulate the 10 family awardees and may your tribe increase in the industry.”
Jose Emmanuel Hilado, Chief Financial Officer of Union Bank, shared the same sentiment, expressing gratitude and hope for family businesses: “ We believe that family business—grown from the grassroots and humble beginnings—is the perfect example of life elevated and dreams fulfilled.”
Atty. Dominador Buhain of Rex Group —one of the families honored, spoke of the attributes of being “stewards of the business.”
“Whatever little achievements we may have would not have been possible without collaboration, transparency and harmony with the members of the family working together with professionals and associates to reach a common goal.”
The families honored were:
Alingog Family (Ropali Group of Companies)
Buhain- Fontelera Family (Rex Group)
David Family (House of David Investment and Management Corporation)
King Family (Asia Glass Group)
Mercado Family (Tarlac Electric, Inc.)
Pages Family (Pages Holdings, Inc.)
Quimbo Family (Calabria Company Ltd. And Del Mondo Italia Corp.)
Sio Family (Sanitary Care Products Asia, Inc.
Urbina Family (Laguna Group)
Vergel de Dios Family (Big E Food Corporation and Lemon Square)
