ABS-CBN Broadcasting Corporation declared a cash dividend of P1.11 per share for stockholders of record as of March 31, payable on April 29. The ABS-CBN board approved the dividend at its regular meeting on March 11. In the same meeting, the board designated Charles Gamo, head of Investor Relations and Corporate Planning, as concurrent compliance officer for Corporate Governance. Johnny Sy, head of Digital Consumer Devices, was appointed concurrent chief risk management officer.

The board created a Risk Management Committee with ABS-CBN directors Angel S. Ong as chairman and Federico M. Garcia and Justice Jose C. Vitug as members. Also established was a Nomination and Election Committee (Nomelec) headed by ABS-CBN chairman Eugenio L. Lopez III. Designated as members of the Nomelec are directors Vitug, Pedro Dy-Liacco and Ma. Rosario Santos-Concio, ABSCBN president and chief operating officer. Meanwhile, Meralco’s board of directors has approved the declaration of a cash dividend of P3.15 per share, payable on May 11 to all common stock holders of record as of April 21. As of end-February 2010, the company has 1.13 billion outstanding common shares, it said in a disclosure to the Philippine Stock Exchange (PSE).