Fellow executives… I am here today to give you an update on the Lopez Credo Cascade program. It's funny how time flies and now, the PR guys are calling me the Group’s ‘chief mentor’ and likens my new role to Singapore’s Lee Kuan Yew.

As all of you know, through the years, I’ve been talking about companies that are built to last and it is my wish to see the Lopez Group survive for the next few hundred years and more. I met with the CEO of Sumitomo Corp., Mr. Susumu Kato who came to Manila for a visit to the different Sumitomo operations here. I asked him about his secret of success and how Sumitomo survived two world wars and lasted 400 years. The president fished out his Credo card and said that all the companies of Sumitomo are reminded by this Credo Card. The card states “Benefit for self and others, private and public interests are one and the same.” Sumitomo’s credo has become deeply rooted as the universal and unchanging basis of all its business activities for the last 400 years.

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The Lopez Credo is now in plastic A T M format to make it easier for employees to remember the seven Lopez values. The Credo is a statement of purpose that puts all the Lopez Group businesses in the service of the Filipino. It articulates seven Lopez values to be practiced by employees Group-wide in their everyday life. These values, which can be traced back to Group founder Eugenio Lopez Sr., are a pioneering entrepreneurial spirit, business excellence, unity, nationalism, social justice, integrity, and employee welfare and wellness.

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The Lopez Credo is a statement of purpose that puts all the Lopez Group businesses in the service of the Filipino and articulates the seven Lopez values to guide corporate decisions and operations as well as employees.