Lopez Holdings

 

Benpres is first holding company to be recognized as an 'Investor in People'
Benpres Holdings Corporation became the first holding company in the country to be certified against the Investors in People (IiP) Standard in October 2009, following an assessment by IiP Philippines.


Licensed from the IiP-U.K., IiP is a framework for delivering business improvement through people. The IiP initiative is among the tools adopted by Benpres to concretize the company's commitment to continuous improvement and is expected to elevate its people management practices to global standards.

Research by the Central Office of Information of the U.K. found that IiP embeds a strong change culture and encourages employers to embrace new challenges and secure competitive advantage. According to the same research, 71% of senior executives in the Chamber of British Industries' 2008 education and skills survey said that IiP "provides a particularly useful framework for businesses undergoing significant and rapid change".

Championed in the Philippines by the People Management Association of the Philippines through IiP Philippines, there are now 16 companies certified under the standard and officially called, "Investors in People." Aside from Benpres, also in the prestigious roster are St. Luke's Medical Center, TNT Express Philippines, Inc., and British Council Philippines.

Benpres began its IiP journey in November 2008, following a diagnostic assessment by IiP Philippines. IiP requires evidence on ten indicators, as follows: business strategy; learning and development strategy; people management strategy; leadership and management strategy; management effectiveness; recognition and reward; involvement and empowerment; learning and development; performance measurement; and continuous improvement.

The IiP standard complements the quality management tools used by Benpres to deliver value to stakeholders. Since 2003, Benpres has been certified against the standards of the International Organization for Standardization or ISO 9001 (Quality Management Systems) for the provision of management services in Finance and Accounting, Public Relations, Legal Services and Human Resources. Benpres was re-certified against the new ISO 9001:2008 standard in June 2009.

After several years of negotiations with its creditors, Benpres successfully reduced its debt by US68 million in August 2009, by way of an agreement with its biggest creditor, Avenue Asia Group.  

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Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009
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