Discovery World Corporation's Board of Directors held 18 November 2022, Ms. Melissa Yeung Yap was elected as an independent member of the Corporation's Board of Directors, effective 1 December 2022. Ms. Yap will be serving the unexpired portion of the term of Mr. Eric S. Yu who resigned effective 31 October 2022. Ms. Yap holds a Bachelors Degree in Development Studies from Ateneo de Manila University where she is likewise a part-time professor for the Development Studies Program.
She obtained her Masters in Entrepreneurship from the Asian Institute of Management in 2015 and is currently completing her Owner/President Management Program at Havard Business School. Ms. Yap is the Chief Executive Officer of Greenstone Pharmaceutical Inc. (Katinko) and is likewise a Social Entrepreneur. Her other board memberships include Peace and Equity Holdings Inc., St.
Jude College and Republican College. She is an incoming Board member of National Commission for Culture and the Arts National In relation to Ms. Yap's election, the Board also approved the following changes in the composition of the Corporation's Board Committees, as follows: AUDIT COMMITTEE: Elizabeth Ann C. Parpan Chairman; William L. Chua Member; Melissa Yeung Yap Member; and Romualdo C. Macasaet Member. BOARD RISK OVERSIGHT COMMITTEE: Elizabeth Ann C. Parpan Chairman; Melissa Yeung Yap Member; William L. Chua Member; and Romualdo C. Macasaet Member.
CORPORATE GOVERNANCE COMMITTEE: William L. Chua Chairman; Elizabeth Ann C. Parpan Member; and Melissa Yeung Yap Member. B. Appointment of Officer: Mr. Erlito Z. Parangue was also designated as the Corporation's Risk & Audit Officer.