D.M. Wenceslao & Associates, Incorporated (DMW), a property developer listed on the Philippine Stock Exchange, announced on March 12, 2026 that it has chosen Professor Enriqueto M. Soriano as a new Independent Director, according to a disclosure filed with the Securities and Exchange Commission.
What is an Independent Director?
Think of a company’s board of directors like a group of adults who make important decisions for a business. An independent director is someone from outside the company who helps make sure these decisions are fair and good for everyone. They’re like referees in a basketball game – they don’t play for either team, but they make sure the game is played fairly.
Who is Prof. Soriano?
Prof. Soriano is an experienced business leader who has worked with companies across Asia for more than 30 years. Here’s what makes him special:
- He used to work with the World Bank and IFC, which are big international organizations that help businesses grow
- He has been a director, CEO, and chairman in several companies, including those in real estate (building homes and offices), hotels, and consumer businesses
- He’s known for helping companies improve how they make decisions and prepare younger leaders to take over
Prof. Soriano’s Current Work
Currently, Prof. Soriano holds several important positions:
- He works as Executive Director at Wong + Bernstein Strategic Advisory, where he helps families who own businesses work together better
- He teaches about good business leadership at IPMI International Business School in Jakarta, Indonesia
- He’s a senior member of the Singapore Institute of Directors, which is like a club for experienced business leaders
Prof. Soriano’s Education and Expertise
Prof. Soriano has studied a lot to become an expert. He has studied at the University of the Philippines, De La Salle University Manila, and Singapore Management University. He has also written several books and more than 300 articles about how families should run their businesses and how companies should be managed properly.
What DMW’s CEO Said
Delfin Angelo “Buds” C. Wenceslao, who is the Chief Executive Officer (the top boss) of DMW, welcomed Prof. Soriano. He said that Prof. Soriano’s knowledge about good business practices and his experience working with real estate companies will help DMW’s board make better decisions. Mr. Wenceslao noted that Prof. Soriano’s beliefs about taking care of the company responsibly match DMW’s goals of being a good leader and growing the business wisely.
About D.M. Wenceslao & Associates
DMW is a property development company – this means they build buildings and develop land. The company has been around since 1965 and specializes in:
- Land reclamation – taking land from the sea and making it usable for building
- Construction – actually building structures
- Real estate development – creating communities and business areas
Their biggest project is Aseana City, a large development covering 107.5 hectares (about 150 football fields!) located along Manila Bay. Over the years, DMW has completed more than 140 projects throughout the Philippines.
According to the SEC filing, DMW has 3,395,864,100 common shares outstanding and trades on the Philippine Stock Exchange.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
