4th Annual Report

(January 1, 2014 to December 31, 2014)

 

Formally organized and incorporated on October 27, 2011, the Foundation for Liberty and Prosperity will celebrate its third anniversary this year. Led by its Board of Trustees—namely Artemio V, Panganiban, Elenita C. Panganiban, Hilario G. Davide Jr., Washington Z. Sycip, Edilberto C. De Jesus, Jennifer J. Manalili, Maria Elena P. Yaptangco, Maria Theresa P. Manalac, and Joel Emerson J. Gregorio—the FLP has already gained the admiration of its stakeholders within such a short period of time.

 

New Batch of Officers

The FLP continues to serve its purpose with a new batch of officers, namely Artemio V. Panganiban (Chairman of the Board), Evelyn T. Dumdum (President), Rebecca G. Felix (Treasurer), and Joel Emerson J. Gregorio (Corporate Secretary). In addition, the chairs of the various standing committees remain—Artemio V. Panganiban (Executive Committee), Washington Z. Sycip (Finance Committee), Hilario G. Davide Jr. (Governance Committee), and Edilberto C. De Jesus (Education Committee).

The position of Executive Vice President, formerly held by Evelyn T. Dumdum, is now vacant. Two former members of the Executive Committee—Maria Elena P. Yaptangco and Elenita C. Panganiban—cordially left their posts during the Annual Membership and Organizational Meeting on July 15, 2013.

The first batch of officers were Artemio V. Panganiban, Chairman of the Board, Maria Elena P. Yaptangco, President; Evelyn T. Dumdum, Executive Vice President; Elenita C. Panganiban, Treasurer; and Joel Emerson J. Gregorio, Corporate Secretary. Elected chair of the various standing committees were Artemio V. Panganiban (Executive Committee), Washington Z. Sycip (Finance), Hilario G. Davide Jr. (Governance), and Edilberto C. De Jesus (Education).

 

Goals and Projects

The FLP was founded to perpetuate the core judicial philosophy of then Chief Justice Artemio V. Panganiban—that jurists and lawyers should not only safeguard the liberty of our people but must also nurture their prosperity under the rule of law. Thus, the first two years since its incorporation saw the FLP realizing its first projects and activities: (1) the “Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity”, (2) the official FLP Website (www.libpros.com), and (3) the “Liberty & Prosperity Journal”, hitherto an e-newsletter.

The Foundation has yet to realize its other proposed projects and activities, such as: (1) curricula on liberty and prosperity under the rule of law; (2) legal assistance, legal research and legal aid; (3) educational scholarships and fellowships; and (5) a Center for Liberty and Prosperity. The Board of Trustees and Officers are hopeful that the year 2014 is ripe for a Center for Liberty and Prosperity, which would enable the FLP secretariat to implement and accomplish more projects.

 

Professorial Chairs Project

The Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity is being implemented for two years now, following its launch on September 18, 2012 at the Metrobank Auditorium, Makati City. This flagship project started the implementation of the Foundation’s Program of Action. The Metrobank Foundation partnered with the FLP in this endeavor by donating one million pesos (P1,000,000.00) in co-sponsorship of the program.

Nine deans will be the initial holders of the professorial chairs. The holders will receive two hundred thousand pesos (P200,000.00) per year (one hundred thousand per semester) in recognition of their intellectual output which

advocates the promotion, appreciation, application and protection of liberty and prosperity. The output can be in the form of a traditional lecture, debate, case study or other modern and creative methods of communications, which is accessible to the public. The intellectual outputs from the chair holders will eventually be published in a book and/or in other modes of communications.

One professorial chair holder will come from the Philippine Judicial Academy, preferably its Chancellor. He/She will be expected to deliver a public lecture or other intellectual output during the pre-judicature seminars/courses of PHILJA for one year, as well as during the annual meetings of the various trial judges associations.

The FLP intended its first program, in the format of the professorial chair project, to be educational and implemented in an academic setting. The main objective is to get the academe to research and propagate the philosophy at the academe level (including training of students, professors, lawyers, and judges.) The FLP seeks to address the dearth of scholarly research on the philosophy of “Liberty and Prosperity Under the Rule of Law” by sparking discussions in law schools, and eventually influence their law curricula.

The first batch of recipients include the deans of top nine law schools in the Philippines, plus a tenth chair in the Philippine Judicial Academy. These were—surnames in alphabetical order—(1) Atty. Reynaldo U. Agranzamendez (Dean, University of the Cordilleras College of Law); (2) retired Supreme Court Justice Adolfo S. Azcuna (Chancellor, Philippine Judicial Academy); (3) Atty. Andres D. Bautista (Dean, Far Eastern University Institute of Law); (4) Atty. Sedfrey M. Candelaria (Dean, Ateneo de Manila School of Law); (5) Atty. Danilo L. Concepcion (Dean, University of the Philippines College of Law); (6) Atty. Jose Manuel I. Diokno (Dean, De La Salle University College of Law); (7) Atty. Nilo T. Divina (Dean, University of Santo Tomas Faculty of Civil Law); (8) Atty. Joan Sarausos-Largo (Dean, University of San Carlos School of Law and Governance); (9) retired Supreme Court Justice Eduardo B. Nachura (Chairman, Arellano University Law Foundation); and (10) Atty. Manuel Quibod (Ateneo de Davao University College of Law). Regrettably, the 10th appointee failed to respond to FLP’s cordial invitation and appointment letter, hence he was eventually and decidedly removed from the list of chair holders.

On its second term, a second batch of chair holders were appointed and/or renewed, namely (1) retired Supreme Court Justice Adolfo S. Azcuna (Chancellor, Philippine Judicial Academy); (2) Atty. Sedfrey M. Candelaria (Dean, Ateneo de Manila School of Law); (3) Atty. Joan Sarausos-Largo (Dean, University of San Carlos School of Law and Governance); and (4) Atty. Mikhail Lee L. Maxino (Silliman University College of Law).

Among the second batch of chair holders, Dean Sedfrey M. Candelaria delivered his commitment in full. The Ateneo Law School Dean delivered his second public lecture entitled “Comparative Analysis of the Memorandum of Agreement on Ancestral Domain and the Framework Agreement on the Bangsamoro” on November 29, 2013. Thereafter, he organized an international moot court competition at the Ateneo Justitia Hall from March 4 to 5, 2014.

To summarize, below is a table with the list of first term and second term appointees and their number of outputs already delivered. From ten chair holders on its first term, the professorial chairs program extended to another term (second) with only four chair holders renewed. We are still waiting for the first term appointees to cooperate and comply fully.

Marking the second anniversary of the Professorial Chairs on Liberty and Prosperity (September 18, 2014), Deans Joan Sarausos-Largo and Mikhail Lee L. Maxino are expected to hold a back-to-back public lecture on September 11 and 12, 2014, in Cebu City and Dumaguete City, respectively. The FLP awaits their formal topic proposals yet.

 

Other Projects

The Foundation published and distributed its e-newsletter “Liberty & Prosperity Journal” by the second quarter of 2013. These were received in PDF format by FLP’s network of VIPs, stakeholders, and academics via email. The 10 professorial chair holders likewise received copies of the e-newsletter and promised to disseminate them to their respective law schools for the benefit of students and faculty alike.

Apart from the information dissemination efforts of the Foundation by means of e-newsletters and its official website, more projects are underway in the coming months. A World Bank sponsorship of the FLP’s ICT (Information and Communication Technology) and IEC (Information, Education, and Communication) projects will formally be sought by the end of 2014, a co-hosting of the ASEAN Law Association Conference with the Supreme Court of the Philippines is anticipated by February 2015, and a reconvening of the Global Forum on Liberty and Prosperity on October 2016, marking the 10th year of the first one in 2006. These high-profile projects are lined up with the aim of elevating our judicial philosophy to the international arena—to gain traction and support outside Philippines jurisprudence.

  

Strategic Planning Workshop

On May 6, 2014, the FLP held a Strategic Planning Workshop together with the Far Eastern University (FEU) Institute of Law, in its new building in Ayala, Makati (FEU Makati). The workshop primarily aimed to discuss the transfer of the FLP’s headquarters and secretariat to FEU Makati. Joining in the discussions are Atty. Melencio Sta. Maria (new FEU Law dean) and Atty. Sedfrey M. Candelaria (Ateneo Law dean), who both pledged their support.

To facilitate the transfer, FEU Makati will provide a room, furnished with basic office equipment, in its Makati building to serve as the main office of the FLP’s secretariat and admin. The Executive Secretary and/or Executive Director will also come from the FEU Faculty.

The Ateneo Law School reiterated their cooperation and expressed that they can provide assistance in establishing the FLP head office and, soon perhaps, a Center for Liberty and Prosperity.

One of the main points covered during the planning workshop was the FLP’s application to seek tax exemption. The Foundation is making preparations to seek accreditation from the Philippine Council for NGO Certification (PCNC), which would eventually allow the FLP to raise more funds, tax free for donors and donee.

New projects were likewise discussed during the workshop, including the publication of books that will serve as a published compilation of the various lectures delivered for the Professorial Chairs Program, as well as manuals (in book form) for the Global Forum on Liberty & Prosperity held on October 18-20, 2006). In addition, the funding proposal to the World Bank, to sponsor the expansion of the FLP’s information dissemination projects, was also discussed.

The proposal of creating an independent think tank was also revisited during the planning session. This will entail convening experts in law, policy, and business to perpetuate the aims of the Foundation.

Finally, a creation of a Research Team was also proposed and discussed during the session. This group of professionals and academics—from different sectors of society including law, business and education among others—will generate research outputs and provide inputs regarding the philosophy of “Liberty and Prosperity Under the Rule of Law”.

 

Recent Developments

FLP Chairman, Chief Justice Artemio V. Panganiban, and President, Mrs. Evelyn Toledo-Dumdum, are currently cooperating with the Supreme Court in crafting a new reform program patterned after the Action Program for Judicial Reform (APJR). This endeavor would allow the FLP to closely cooperate with the high court in building its new reform program under the leadership of incumbent Chief Justice Maria Lourdes P.A. Sereno, who regard the FLP very highly.

Moreover, Chief Justice Panganiban appeared in several speeches within the past year, generating more attention towards the FLP. Noteworthy are two particular speaking engagements—first at the Grand Alumni Homecoming of the Mapa High School held on February 23, 2014 and, second, at the Luncheon Fellowship of the Philippine Bar Association on March 25, 2014—where Chief Justice Panganiban delivered the first and second parts of his lengthy speech entitled “Safeguard Liberty, Conquer Poverty, Share Prosperity”. These major speeches sought to address and inform the general public as well as the upper echelon of law practitioners, respectively, regarding the retired chief justice’s judicial philosophy.

Coming up is another important speaking engagement by the FLP Chair before the Integrity Summit organized by the business community and led by the Makati Business Club and the European Chamber of Commerce for the business community, which is to be held on September 19, 2014.

 

Assets and Financial Position 

As reported by then FLP President Maria Elena P. Yaptangco in her First Annual Report (2012), the Foundation was incorporated with a total of two million pesos (P2,000,000.00) as initial funds, a contribution by retired Chief Justice Artemio V. Panganiban. The financial position reached a sum of seven million, six hundred and seventy-five thousand, twenty-one pesos and seventy-eight cents (P7,675,021.78), combining cash on hand and in bank in 2012 after several members’ and friends’ unsolicited contributions. The biggest contribution of five million pesos (P5,000,000.00) was given by Metro Pacific Investments Corporation. In addition, our Chairman was able to secure a commitment of one million pesos (P1,000.000.00) from the Metrobank Foundation, by way of co-funding the Chief Justice Panganiban Professorial Chairs Program.

FLP’s depository bank is Bank of the Philippine Islands (BPI). The funds may be withdrawn only by signature of two of its five officers, the Chairman, President, Executive Vice President, Treasurer and Corporate Secretary.

Apart from its cash assets, the Foundation is the recipient of copyrights over the “Ageless Passion” musical compositions of Mr. Ryan Cayabyab and lyrics thereto by Mr. Kristian Jeff C. Agustin. Mr. Cayabyab’s professional fees amounting to four hundred thousand pesos (P400,000.00) were paid for directly by several friends of our Chairman, led by businessman Eduardo Yap. Copyrights of these works were obtained from the government by Atty. Joel Emerson J. Gregorio, FLP Corporate Secretary.

To date, the Foundation has not incurred any salaries and personnel expenses. To help the FLP organize its secretariat, the salary of its former Executive Secretary, Kristian Jeff C. Agustin, was paid by The Baron Travel Corporation. In addition, the Board of Trustees are meeting quarterly pro bono. Regular meetings, including meals and snacks, are hosted by Chief Justice & Mrs. Artemio V. Panganiban at 1203 Acacia, Dasmarinas Village, Makati.

3rd Annual Report

(January 1, 2013 to December 31, 2013)

The “Liberty & Prosperity Journal” came out with its maiden issue (September to December 2012), together with two succeeding issues (January to March 2013 and April to June 2013) by the second quarter of 2013. These were distributed as e-copies (in PDF format) to guests who were invited to the musicale “Ageless Passion” (December 20, 2012). Apart from the VIPs who received copies of the e-newsletter via e-mail, all FLP professorial chair holders (law school deans) also received the same and were asked to disseminate it to their respective law schools for the information and benefit of students and faculty alike.
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2nd Annual Report

(January 1, 2012 to December 31, 2012)

For 2012, the Foundation started the implementation of its Program of Action by launching the ten “Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity”, with holders appointed among the top nine law schools in the country, plus a holder in the Philippine Judicial Academy. Thereafter, it followed-through individual lectures and activities by its chair holders and built a good partnership with their law schools. The Foundation also earned significant support from the Metrobank Foundation, among other donors.

Launch of Professorial Chairs

The formal launch of the ten “Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity” was held on September 18, 2012 at the Metrobank Auditorium, Metrobank Plaza, Gil Puyat Avenue, Makati, with Chief Justice Maria Lourdes P. A. Sereno as guest of honor and speaker. During her speech, the lady Chief Justice commended the Foundation and the Professorial Chairs program for “bringing this debate front and center”.

The first recipients were retired Supreme Court Justice Adolfo S. Azcuna (Chancellor, Philippine Judicial Academy), Atty. Andres D. Bautista (Dean, Far Eastern University Institute of Law), Atty. Sedfrey M. Candelaria (Dean, Ateneo de Manila School of Law), Atty. Danilo L. Concepcion (Dean, University of the Philippines College of Law), Atty. Jose Manuel I. Diokno (Dean, De La Salle University College of Law), Atty. Nilo T. Divina (Dean, University of Santo Tomas Faculty of Civil Law), and retired Supreme Court Justice Eduardo B. Nachura (Chairman, Arellano University Law Foundation).

A Certificate of Entitlement together with a Plaque of Recognition was handed to each recipient by Chief Justice Maria Lourdes P. A. Sereno, Chief Justice Artemio V. Panganiban, Dr. George S. K, Ty (Chairman of the Board of Trustees of the Metrobank Foundation which co-sponsored the project) and Mr. Jose Maria Lim (President, Metro Pacific Investments Corporation, a co-sponsor). Each chair holder is also entitled to receive two hundred thousand pesos (P200,000.00) per year, at one hundred thousand pesos (P100,000.00)  per semester. This honorarium merits the individual responsibility of conducting original research and publicly delivering intellectual output (in line with the promotion, appreciation, application and protection of liberty and prosperity) once every semester to all the members of the faculty and entire student body of their respective law schools. Traditional lectures, debates, case studies, or other alternative modern and creative methods of communications can be considered as outputs. These will be published in a book and/or in other modes of communications.

The launch ceremonies began with an invocation by Atty. Joel Emerson G. Gregorio, FLP Trustee and Corporate Secretary while Professor Maria Theresa P. Manalac, another FLP Trustee, delivered the Opening Remarks. FLP Executive Vice President and Asian Development Bank Consultant Evelyn T. Dumdum and FLP Trustee and Professional Regulations Commissioner Jennifer J. Manalili were the Masters of Ceremonies.

Reprising their rendition of “The Newsboy” from “Ageless Passion” (a bio-musicale marking the 75th birthday of Chief Justice Panganiban), the Kilyawan Boys Choir took center stage once again during the event. They also inspired the audience by singing “May Bukas Pa”.

 

Official Website

The official website of the FLP (www.libpros.com) and the FLP e-newsletter was launched during the Awarding of the “Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity”,  held at the Metrobank Auditorium, Metrobank Plaza on September 18, 2012. Three FLP Trustees, namely, retired Chief Justice Hilario G. Davide Jr., Business Icon Washington Z. Sycip and Former Secretary of Education Edilberto C. de Jesus, formally launched this FLP Website to the delight of the audience.

The FLP Website was created and designed pro bono by Mr. Kristian Jeff C. Agustin and is now fully operational and accessible via http://www.LibPros.com. The annual domain hosting and maintenance fees (via WordPress.com) are shouldered by Chief Justice Panganiban.

 

First Public Lecture

On September 19, 2012, Professorial Chair recipient Dean Sedfrey M. Candelaria delivered his first lecture, “Finance & Law: Understanding the Institutional and Functional Role of the International Monetary Fund (IMF) During Sovereign Debt Crisis Situations” – the first in a series of Liberty & Prosperity professorial lectures yet to be fulfilled  – at Justitia, 4th Floor, Ateneo Law School.

Distinguished guests include former Chief Justice Hilario G. Davide, Jr., Chief Justice and Mrs. Panganiban, Metrobank Foundation President Mr. Aniceto M. Sobrepeña, Dean Nilo Divina (University of Santo Tomas Faculty of Civil Law), and Dean Andres Bautista (Far Eastern University Law).

A written output of Dean Candelaria’s lecture was submitted to the FLP, as well as a copy of his PowerPoint presentation. The complete transcript and video of the whole proceeding (including the open forum with the students) are publicly accessible via the FLP website.

 

Second Public Lecture

On November 5, 2012, Dean Jose Manuel Diokno of the De La Salle University College of Law delivered his first lecture at the Natividad Fajardo Hall, Bro. Andrew Gonzalez Building, DLSU, Taft Avenue, Manila. Dean Diokno Discussed the Filipino concept of justice or “katarungan”. The lecture program included Welcome Remarks by La Salle Vice Law Dean Jocelyn Cruz, a Message from Metrobank Foundation President Aniceto Sobrepeña and Closing Remarks from FLP Chairman and Retired Chief Justice Artemio V. Panganiban.

Dean Diokno’s written lecture was submitted to the FLP, together with his PowerPoint presentation. These are accessible via the FLP website.

 

Financial Position

As earlier published and reported (First Annual Report, 2012) the Foundation was initially funded at two million pesos (P2,000,000.00), which was contributed by retired Chief Justice Artemio V. Panganiban. Eventually, it grew to a total of P7,675,021.78 (cash on hand and in bank) in 2012 after several members’ and friends’ unsolicited contributions. The biggest contribution of five million pesos (P5,000,000.00) was given by Metro Pacific Investments Corporation. In addition, our Chairman was able to secure a commitment of one million pesos (P1,000.000.00) from the Metrobank Foundation, by way of co-funding the Chief Justice Panganiban Professorial Chairs Program.

The Foundation has not incurred any salaries and personnel expenses to date. It depends solely on donated volunteer personnel services. The Board of Trustees, for instance, are meeting quarterly pro bono. The salary of the Executive Secretary is paid by The Baron Travel Corporation. Regular meetings, including meals and snacks, are hosted by Chief Justice & Mrs. Artemio V. Panganiban at 1203 Acacia, Dasmarinas Village, Makati.

1st Annual Report

Annual Membership Meeting

5:00 p.m., July 16, 2012

1203 Acacia, Dasmarinas Village, Makati City

The Foundation for Liberty and Prosperity was formally organized as a juridical person when the Securities and Exchange Commission issued its Certificate of Incorporation on October 27, 2011.

Trustees, Officers, Formal Launch and Goals

Its initial Board of Trustees is composed of Artemio V, Panganiban, Elenita C. Panganiban, Hilario G. Davide Jr., Washington Z. Sycip, Edilberto C. De Jesus, Jennifer J. Manalili, Maria Elena P. Yaptangco, Maria Theresa P. Manalac, and Joel Emerson J. Gregorio.

Elected as its first batch of officers were Artemio V. Panganiban, Chairman of the Board, Maria Elena P. Yaptangco, President; Evelyn T. Dumdum, Executive Vice President; Elenita C. Panganiban, Treasurer; and Joel Emerson J. Gregorio, Corporate Secretary. Elected chair of the various standing committees were Artemio V. Panganiban (Executive Committee), Washington Z. Sycip (Finance), Hilario G. Davide Jr. (Governance), and Edilberto C. De Jesus (Education).

Mr. Chief Justice Panganiban formally and publicly launched the Foundation during his 75th Birthday Celebrations, during which an original musical titled “Ageless Passion” was staged at the Meralco Theater in Pasig City on December 20, 2011, featuring six original musical compositions (plus an overture) of Ryan Cayabyab. During his address, he said FLP aims to perpetuate his core judicial philosophy that jurists and lawyers should not only safeguard the liberty of our people but must also nurture their prosperity under the rule of law. To him, justice and jobs; freedom and food; ethics and economics; democracy and development; nay, liberty and prosperity must always go together; one is useless without the other. The attainment of this dual goal involves an understanding of the intertwining relationship of law and business; and of regulation and entrepreneurship.

Mr. Chief Justice Panganiban believes that in litigations involving the civil liberty of our people, the scales of justice should weigh heavily against the government and in favor of the people, pursuant to the doctrine of strict scrutiny. But in matters affecting the economy of the country and the prosperity of our people, courts – in the absence of grave abuse of discretion – must defer to the Executive and Legislative branches of government, in accordance with the principle of deferential interpretation of laws and executive issuances. The responsibility for promoting and developing the country’s economy rests primarily on its political leaders. Should they fail in this duty, our people can replace them during periodic elections.

He also believes in private enterprise as the engine of economic growth. Thus, the government must promote entrepreneurship and encourage private capital. At the same time, the government has the duty of overseeing the fair and equitable distribution of private wealth to all our people, especially the poor and marginalized. The government, likewise, has the responsibility of enlarging the areas of economic growth for the benefit of future generations of Filipinos. Thus, the economic pie must not only be fairly divided but must also be enlarged so that more benefits could be spread to more people under the social justice principle of giving more law to those who have less in life.

Accordingly, to achieve its goals, the Foundation shall organize, undertake and/or support the following projects and activities: (1) legal assistance, legal research and legal aid; (2) seminars, workshops, trainings, classes, debates, moot courts, oratorical jousts, and other forms of instruction; (3) professorial chairs, educational scholarships and fellowships; (4) curricula on liberty and prosperity under the rule of law; and (5) a Center for Liberty and Prosperity.

Financial Position

At its incorporation, the Foundation was initially funded at two million pesos (P2,000,000.00). Thereafter, several members and friends gave unsolicited contributions amounting to P643,500.00 in 2011.  In 2012, contribution came up to P5,040,000.00. Total expenditures amounted to only P35,684.24 as of June 30, 2012, per the attached report of our Treasurer, Professor Elenita C. Panganiban, showing cash on hand and in bank of P7,675,021.78.  The biggest contribution of five million pesos (P5,000,000.00) was given by Metro Pacific Investments Corporation. Our Chairman was able to secure a commitment of one million pesos (P1,000.000.00) from the Metrobank Foundation, by way of co-funding the Chief Justice Panganiban Professorial Chair Program, which I will explain shortly. Also attached is the audited Financial Report as of December 31, 2011.

Please note that the expenditures amount to only P35,684.24 consisting mainly of the printing of our official stationery and taxes. The Foundation has not incurred any salaries and personnel expenses; it depends solely on donated volunteer personnel services. Also, it does not pay any rental in its address at 1203 Acacia, Dasmarinas Village, Makati. All meals and snacks during meetings have been hosted.

Apart from its cash assets, the Foundation is the recipient of copyrights over the “Ageless Passion” musical compositions of Mr. Ryan Cayabyab and lyrics thereto by Mr. Jeff Agustin. Mr. Cayabyab’s professional fees amounting to four hundred thousand pesos (P400,000.00) were paid for directly by several friends of our Chairman, led by businessman Eduardo Yap. Our Corporate Secretary, Atty. Joel Emerson J. Gregorio is in charge of obtaining the actual copyrights from the government.

The Foundation’s depository bank is Bank of PI. The funds may be withdrawn only by the signature of two of its five officers, the Chairman, President, Executive Vice President, Treasurer and Corporate Secretary.

To help implement its program of activities, Executive Vice President Evelyn T. Dumdum is at present searching for a full-time Executive Secretary and a clerk. These full-time employees would be needed to keep track of the Foundation’s program of activities and the documentation needed to obtain the tax-free status of our Foundation.

Program of Action

To start the implementation of its Program of Action, the Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity were created in the top nine law schools in the country, plus a tenth chair in the Philippine Judicial Academy. The deans of five of these law colleges, namely, Sedfrey Candelaria of the Ateneo de Manila, Danilo Concepcion of the University of the Philippines, Nilo Divina of the University of Santo Tomas, Andres Bautista of the Far Eastern University and Jose Manuel Diokno of the De La Salle University accepted the grants during a breakfast meeting hosted by our Chairman. To be tapped later are the San Beda College of Law plus one law school each from Northern Luzon, Visayas and Mindanao to complete the number to the planned nine.

Essentially, the deans will be the initial holders of the professorial chairs. The holders will receive two hundred thousand pesos (P200,000.00) per year (one hundred thousand per semester). They will have the responsibility of conducting original research and to deliver the intellectual output (advocating the promotion, appreciation, application and protection of liberty and prosperity) once every semester to all the members of the faculty and entire student body of their respective law schools. The output can be in the form of a traditional lecture, debate, case study or other modern and creative methods of communications. As counterpart, the law school will host the lecture or equivalent. The intellectual outputs from the chair holders will be published in a book and/or in other modes of communications.

In the case of the Philippine Judicial Academy, the initial chair holder will be the Chancellor (Justice Adolfo S. Azcuna) who will be expected to deliver the lecture or other output during the pre-judicature seminars/courses of PHILJA for one year, as well as during the annual meetings of the various trial judges associations.

The Professorial Chair Program will be launched in early September at Far Eastern University, hopefully after a new chief justice has been named and who will be invited to grace the launching.

Our other projects for this year include the setting up of a website, the publication of a quarterly (later, monthly) newsletter, publication of books for the proceedings of the Global Forum on Liberty and Prosperity held on October 18-20, 2006 as well as for the various lectures to be delivered during the Professorial Chairs Program, and documentation facilities including cameras and audio-visual equipment. Executive Vice President Dumdum is working these out.

Makati City, July 16, 2012

MARIA ELENA P. YAPTANGCO

President, Foundation for Liberty and Prosperity

Global Forum on Liberty and Prosperity

The FLP: a Backgrounder

The Foundation for Liberty and Prosperity (FLP) aims to perpetuate the core judicial philosophy of Chief Justice Artemio V. Panganiban (Ret.) that jurists and lawyers should not only safeguard the liberty of our people but must also nurture their prosperity under the rule of law. To him, justice and jobs; freedom and food; ethics and economics; democracy and development; nay, liberty and prosperity must always go together; one is useless without the other. The attainment of this dual goal involves an understanding of the intertwining relationship of law and business; and of regulation and entrepreneurship.

The Foundation for Liberty and Prosperity was formally organized as a juridical person when the Securities and Exchange Commission issued its Certificate of Incorporation on October 27, 2011.

Its founding Board of Trustees was composed of Artemio V. Panganiban (retired Chief Justice) Elenita C. Panganiban (former Associate Dean of the Asian Institute of Management), Hilario G. Davide Jr. (retired Chief Justice ), Washington Z. Sycip (founder of the Asian Institute of Management and Sycip Gorres Velayo and Company), Edilberto C. De Jesus (former Philippine Secretary of Education and President of the Asian Institute of Management), Jennifer J. Manalili (Commissioner at the Professional Regulation Commission of the Philippines), Maria Elena P. Yaptangco (President and Chief Executive of The Baron Travel Corporation), Maria Theresa P. Mañalac (Professor at the Asian Institute of Management), and Joel Emerson J. Gregorio (FLP’s Corporate Secretary).

Elected as its first batch of officers were Artemio V. Panganiban, Chairman of the Board, Maria Elena P. Yaptangco, President; Evelyn T. Dumdum, Executive Vice President; Elenita C. Panganiban, Treasurer; and Joel Emerson J. Gregorio, Corporate Secretary. Elected chair of the various standing committees were Artemio V. Panganiban (Executive Committee), Washington Z. Sycip (Finance), Hilario G. Davide Jr. (Governance), and Edilberto C. De Jesus (Education).

Mr. Chief Justice Panganiban formally and publicly launched the Foundation during his 75th Birthday Celebrations during which an original musical concert titled “Ageless Passion” was staged at the Meralco Theater in Pasig City on December 20, 2011, featuring six original musical compositions (plus an overture) of maestro Ryan Cayabyab. During his address, he said FLP aims to perpetuate his core judicial philosophy that jurists and lawyers should not only safeguard the liberty of our people but must also nurture their prosperity under the rule of law. To him, justice and jobs; freedom and food; ethics and economics; democracy and development; liberty and prosperity must always go together; one is useless without the other. The attainment of this dual goal involves an understanding of the interlocking relationship of law and business, and of regulation and entrepreneurship.

Mr. Chief Justice Panganiban believes that in litigations involving the civil liberty of our people, the scales of justice should weigh heavily against the government and in favor of the people, pursuant to the doctrine of strict scrutiny. But in matters affecting the economy of the country and the prosperity of our people, courts – in the absence of grave abuse of discretion – must defer to the Executive and Legislative Branches of government, in accordance with the principle of deferential interpretation of laws and executive issuances. The responsibility for promoting and developing the country’s economy rests primarily on its political leaders. Should they fail in this duty, our people can replace them during periodic elections.

He also believes in private enterprise as the engine of economic growth. Thus, government must promote entrepreneurship and encourage private capital. At the same time, the government has the duty of overseeing the fair and equitable distribution of private wealth to all our people, especially the poor and marginalized. The government, likewise, has the responsibility of enlarging the areas of economic growth for the benefit of future generations of Filipinos. Thus, the economic pie must not only be fairly divided but must also be enlarged so that more benefits could be spread to more people under the social justice principle of giving more law to those who have less in life.

Accordingly, to achieve its goals, the Foundation shall organize, undertake and/or support the following projects and activities: (1) legal assistance, legal research and legal aid; (2) seminars, workshops, trainings, classes, debates, moot courts, oratorical jousts, and other forms of instruction; (3) professorial chairs, educational scholarships and fellowships; (4) curricula on liberty and prosperity under the rule of law; and (5) a Center for Liberty and Prosperity.

As first major project, the Foundation is sponsoring 10 Professorial Chairs in nine of the leading law schools in the country and one in the Philippine Judicial Academy. Called the Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity, the program immediately merited co-sponsorships from the Metrobank Foundation and the Metro Pacific Investments Corporation.

The first recipients are Dean Sedfrey Candelaria (Ateneo de Manila Law School), Dean Danilo Concepcion (UP College of Law), Dean Andres Bautista (FEU Institute of Law), Dean Jose Manuel Diokno (De La Salle University College of Law), Dean Nilo Divina (UST Faculty of Civil Law), and Chancellor Adolfo Azcuna (Philippine Judicial Academy), Justice Eduardo Antonio Nachura (Arellano University), Dean Joan Largo (University of San Carlos), Dean Reynaldo Agranzamendez (University of the Cordilleras), and Dean Mikhail Lee Maxino (Silliman University).

The Chief Justice Panganiban Professorial Chairs on Liberty and Prosperity was formally launched on September 18, 2012 at the Metrobank Auditorium, Metrobank Plaza, Sen. Gil Puyat Avenue, Makati City with Chief Justice Maria Lourdes P. A. Sereno as Guest of Honor and Speaker.