Family Constitutions: A Case Study of Ten Families--Problems, Issues and Concerns

This paper looks at ten family constitutions crafted with the assistance of the Family Business Development Center (FBDC) within a span of at least two years. The families, all Filipinos, are in different industries, reside in various cities, and are in various stages of managerial transition between generations. The ten constitutions are analyzed from different relational and business angles, including governance structure, family communication, succession and retirement plan, professionalizing the business, strategic planning, ownership contract and business protocol. The paper proposes to undertake a comparative study of family constitutions in five ASEAN countries

The Art of Collecting: A Guide to the Philippine Market

This book introduces the reader to the Philippine art market, specifically its primary and secondary sectors. Specific components of both sectors are discussed, such as art galleries, art fairs, and auction houses, which have been generating shock waves with the staggering prices that a number of art pieces have fetched in auctions in recent years. The book is mostly descriptive rather than analytical as it means more to apprise, not appraise. Personal experiences of the author as collector, researcher, and briefly as art gallery co-owner and adviser to a fledgling collector serve as basis for the discussion, coupled with media reports and writings of scholars who have analyzed the art market in other countries. It turns out that many (but not all) findings by foreign studies seem to hold true for the Philippine setting, and there are crucial lessons especially for those who treat artworks mainly as investment instruments

Preserving Cultural Heritage through Entrepreneurship: Of Possibilities and Possible Pitfalls

Asia’s splendid heritage is at risk—from rapid economic growth, government neglect, and poorly managed tourism. But some people have become deeply, passionately, and actively involved in protecting Asia’s heritage—as activists, organizers, critics, teachers, artists, and entrepreneurs. In this book, twelve principal authors, all Asians, from eleven of the region’s countries, present their experience of what has been done in the past, and their ideas on what should be done in the future. The Western experience with managing heritage needs now to be extended with concepts and practices relevant to Asia. The legal framework for protecting heritage must be brought up to date. Intangible heritage deserve more attention. Citizens and local communities are often the best guardians of their own heritage. Organizations and campaigns that draw on both public and private resources can be very effective. The heritage and environmental movements can gain from cooperation. Protecting heritage can be good for business, but it requires discipline and vision. This book records the start of a conversation which promises to transform the protection of Asia’s heritage tomorrow

Law for Art\u27s Sake: An Introduction to Gobbledygook

“My painting was used for a calendar without my permission. Do I have any right to collect anything at all?” “The gallery owner trimmed my painting’s canvas so that it will fit the frame. He said this was okay since he was not violating my copyright. Is he correct?” “A big company bought my painting for P1 million, a really good price! But the painting was reproduced on company T-shirts and umbrellas that were given away for Christmas. Did the company have the right to do it? These are just some of legally contentious issues that the author addresses in an attempt to clarify concepts in Philippine law affecting art-related transactions that for some reason continue to elude definitive interpretation. The author has written the book in a conversational and easy-to-understand manner. Interesting visuals accompany some discussions to better illustrate and show more concretely what judges really mean in their court decisions—a respite for readers who may at some point experience ennui from all the legal gobbledygook

Art Auctions and the Poorer Rich: The Impact of the 2015 Stock Market Sell-off on the Emerging Philippine Art Market

This paper looks into the Philippine secondary art market, which has recently emerged with the country’s booming economy. Specifically, the paper aims to determine the effect of the August 2015 stock market sell-off on prices and profitability of art auction sales in the Philippines. Works of art may be considered as alternative investment goods for stocks. There may be greater demand for artworks as part of an investment diversification strategy when the equity market is bearish. On the other hand, artworks may also be part of a conspicuous consumption behavioral pattern, such that when income and wealth levels fall, the demand for artworks drops. To determine the net effect of stock market conditions on the Philippine art market, an empirical model is estimated using the ratio of the auctions’ hammer price to the starting bid as a measure of art market profitability and vitality. Our regression results reveal that artworks are more of a conspicuous consumption good in the Philippines. Reduced income and wealth after the stock market plunge in August 2015 led to lower willingness to pay for artworks and lower returns in the September 2015 auctions compared to the September 2014 auctions. The “poorer rich” effect appears to prevail over the alternative investment effect in the Philippines

Overseas Filipino Workers Turned Entrepreneurs: Breaking Stereotypes, Redefining Paradigms

Twenty-six overseas Filipino workers and four OFW family members share their entrepreneurial journeys in this book. They tell us when they decided to try their hand at business and their reasons for choosing the business, where they sourced their funds, and who they tapped for acquiring technical skills in running their venture. With candor, they recount their hardships as start-ups and how they coped with these and other adversities. Some have succeeded, while others are still trying to make a go of their business. But they all provide invaluable lessons that could benefit other OFWs who plan to take the same route. The stories also show the roles stakeholders of OFW remittances could play in these entrepreneurial ventures, aside from the government, whose relevance is pronounced during the start-up phase. It is family members of the migrant worker, as part of the OFW\u27s social capital, who figure prominently in the stories, however. And they matter, whether the OFW toiled as a factory worker in Taiwan, earned lots of yen as a Japayuki, sent allotment as a seafarer, or escaped penniless from war-stricken Iraq

Business Ethics in Asia: Issues & Cases

The theory and practice of business ethics require a certain ripeness of insight to successfully navigate the complexity of business decisions and how such decisions affect the welfare of human beings. In the proverbial increasingly globalizing world, there is greater awareness that hardly any decision in the different functional areas of a corporation is ethically neutral, insofar as corporate decisions have decisive effects on the health, wealth, and development of human beings. This book is therefore a contribution to the development of the theory and practice of business ethics that is culture-sensitive. For the essays and cases on business ethics collected here offer insights and tools for corporate decision-making from an Asian perspective

Revised Corporation Code of the Philippines: Republic Act No. 11232 Commentaries and Cases

Revised Corporation Code of the Philippines (Republic Act No. 11232): Commentaries and Cases is the authors’ modest contribution in explaining the Revised Corporation Code of the Philippines approved onFebruary 20, 2019. The book incorporates recent changes in the Code which include 1) persons or entities who/which could be incorporators, 2) the concept of a one-person corporation, 3) technological developments in Philippines that make possible the virtual attendance of stockholders or directors in meetings, allowing them to vote on issues of primary concern to them, although not physically present. Essentially, however, basic principles in corporation law such as the corporation’s separate juridical personality and the possibility of piercing the veil of corporate fi ction when the corporation’s juridical personality is misused remain. These two features of the Revised Code—the constant retained and the changes introduced—indicate the clear intent of lawmakers to ease doing business in the Philippines

Of timelines and timeliness: lessons from Typhoon Haiyan in early disaster response

Typhoon Haiyan struck the Philippines on 8 November 2013 with maximum sustained winds of 235 kilometres per hour, adversely affecting at least 11 million people and displacing some 673,000 in the central regions of the country. The disaster clearly overwhelmed the Philippine government despite its seemingly well‐crafted disaster management plan. Using timelines of different organisations, this paper identifies gaps in the government\u27s response, mainly due to its failure in coordinating and managing relief operations, which adversely affected its effectiveness and efficiency in the delivery of critical goods and services following the disaster. The paper also demonstrates how non‐governmental organisations (NGOs), the United Nations, foreign governments and other organisations provided assistance, mainly through aid niching, to cover the government\u27s shortcomings. The paper recommends a paradigm shift in the government\u27s disaster response by integrating collaborative arrangements between government agencies and NGOs, and giving local governments the lead role, with the national government as support, in disaster planning and response

Agency-driven post-disaster recovery: A comparative study of three Typhoon Washi resettlement communities in the Philippines

This paper evaluates three agency-driven resettlement communities following the devastation caused by Typhoon Washi in Cagayan de Oro City, Philippines. Our study draws insights from primary data collection using questionnaires, semi-structured interviews, and field work observations in the resettlement communities and from the analysis of secondary data such as government documents and media reports. While the national and local governments as well as non-government organizations worked together in reconstruction and recovery, Typhoon Washi survivors at the three relocation sites still suffer from the effects of privation and displacement more than two years after the disaster. Moreover, the agency-driven reconstruction programs at the three resettlement sites—one was established and managed by the city government, another by the National Housing Authority regional office, and the third by an academic institution—resulted in disparate outcomes, not only in the physical infrastructures and provision of basic utilities, but in the attitudes of the residents towards the recovery process. We identify two opposing tendencies arising from said attitudes, and we propose a singular measure to address the opposing tendencies that can possibly lead to transformative recovery