THE Ateneo Family Business Development Center (AFBDC) of the Ateneo De Manila University’s John Gokongwei School of Management (ADMU JGSOM), has hailed the House of David Family as one of its top ten (10) awardees during its recently-concluded Philippine Family Business Awards on April 14, 2018.
The House of David Family, who was honored during the AFBDC’s 10th anniversary, is among the 200 business families in the country who had their family constitution facilitated by AFBDC.
The House of David Group (HDG) is managed by the House of David Family from Guagua, Pampanga and was founded during the 1960s by their patriarch, Ladislao Sibal David, also known as "Lading" and "Papa Choy", with the support of the family matriarch, Illuminada "Mama Luming" Saldana-David.
It started its humble beginning as a small pawnshop and jewelry store at the Guagua Public Market. With utmost dedication and passion for business and service, it flourished mainly in the banking, stock brokerage, education, and real estate industry.
Among its subsidiaries include the House of David Investment and Management Corporation, House of David Realty and Development Corporation, DA Market Securities, Inc., Mary the Queen College (Pampanga), Inc., and the Bank of Florida (BOF), lauded as one of the leading rural banks in the country.
Moreover, the Philippine Family Business Awards was conceived with the purpose of honoring Filipino families that have exemplified excellence in the industry through effective governance, commitment to quality, high level of professionalism of the family business, strong family relations, and impact of business to the community, among others.
Recipients of this award are considered models of how family enterprises faced and successfully overcome internal and external corporate challenges, towards the growth and progress not only of the business but in service of the community and the Filipino nation.
HDG Chairperson Teresa David-Carlos shared that it is a privilege and pride to be among the acclaimed business families in the country who have grown from the grassroots and thrived in their various fields through best practices.
“This is one of our family’s biggest achievements to date. We are very happy and thankful that our hardwork and perseverance, as well as our efforts in growing the constitution from the ground up are recognized by a well-respected institution like the Ateneo De Manila University,” she said.
“How we wish our parents are still with us because we owe this success to them. They are the reason for the birth of this family business and they remain as our guiding light through the years. This is their legacy,” she added.
The executive furthered that it is her parents’ outstanding leadership and steadfast commitment to the family and the community that led the HDG to where it stands now.
She relayed that they continue to uphold this same way of business that they pass on to the third generation family members, through their annual Family Team Building Sessions (FTBS) which started in 1999.
“Just last month, we celebrated the 20th year of our FTBS. During this annual gathering, we empower our family members and encourage them to work in harmony as we reach our common goal which is to live the values of L.I.G.H.T.S—Loving, Innovative, God-centered, Humility, Trustworthy, and Solidarity. With these traits, we aim to better serve our community,” she noted.
Furthermore, she said that as their way of sharing the blessings they receive, they give back through their regular corporate social responsibility (CSR) activities and projects.
Over the past two decades, the HDG has provided scholarships to around 3,000 underprivileged but deserving students of Mary the Queen College (Pampanga), Inc. (MQC).
Together with MQC, the organization has also pioneered significant initiatives like outreach programs, and seminars and workshops for both young learners and their parents.
Meanwhile, with its advocacy to help elevate the education sector in the province through meaningful donations, HDG has also donated two classrooms for the benefit of Sta. Cruz Central Elementary School in Lubao and Sindalan Elementary School inthe City of San Fernando, Pampanga.
David-Carlos noted that these endeavors are anchored on the HDG’s thrust on making a positive influence and impact on the community it serves. She shared that giving back is one of the family’s secrets to success, aside from integrating the right values and professionalism in all their dealings. To quote the House of David Family Mission Statement: “We are a loving and grateful family working and growing together to create and share success in service of the community.” (PR)