Bonoan is new MAP president

Former Finance Undersecretary Emmanuel Bonoan has been elected as the new president of the influential Management Association of the Philippines (MAP), succeeding former Cabinet Secretary Rene Almendras.

Bonoan, the current chief operating officer and head of advisory at KPMG R.G. Manabat and Co., will begin his term next year.

Bonoan had served as an undersecretary at the Department of Finance and exercised oversight functions over the Bureau of Internal Revenue and the customs authority.

“He was responsible for leading the teams that wrote and pushed the passage of key revenue reform legislation, among which is the [Value Added Tax] Reform Law of 2005 (Republic Act. No. 9337),” read a portion of his profile on KMPG website.

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Metro Pacific Investments Corp. director for government and public affairs Michael Toledo and SGV & Company chair and country managing partner Wilson Tan were also elected as MAP vice president and treasurer, respectively.

Meanwhile, the MAP 2025 board of governors will still include Almendras, along with AC Health president and CEO Paolo Maximo Borromeo, Center of Excellence in Governance vice chair Rex Drilon II, GT Capital Holdings independent director Gil Genio, CEO Advisors Inc. managing director Marianne Hontiveros and Maya chair Alfredo Panlilio.

The mission of MAP is to promote management excellence for nation-building through:

• Sharing of best management practices
• Benchmarking with counterpart organizations in other countries
• Networking with other business organizations
• Educational activities that enhance the knowledge, skills and values of management practitioners and educators
• Training and development programs that produce professional managers
• Advocacy for reforms that help shape a brighter future for the Philippines.