MANAGEMENT Association of the Philippines (MAP) President-elect Emmanuel Bonoan has decided to step down, citing concerns over a personal legal matter. Outgoing MAP President Rene Almendras made the announcement in a letter addressed to the association's members on Thursday.

"With his decision not to assume this role, I recognize the primacy of MAP in his considerations," Almendras said. "Clearly, he placed our organizations best interests above personal considerations and, for this, we should all be grateful."

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