The College was organized as non-sectarian, non-stock corporation institution and since then it has been governed by a Board of Regents elected yearly. The first President was the late Reverend Father Vicente R. Catapang. He was succeeded by the late Juan Y. Javier three year the school was administered by an Executive Committee headed by Chairman Atty. Manuel Panganiban. In 1967, Dr. Abelardo B. Perez was named President while concurrently Chairman of the Executive Committee. It was during has administration that the officers of the Board of Regents decided to have the institution changed to a stock corporation and it was registered as such with the Securities and Exchange Commission on December 23, 1967. For two school years, 1971-1972 and 1972-1973, Atty. Juan V. Ramos was the Chairman of the Board of Regents. In June 1972, Mrs. Flordeliza Arguelles became the fourth President. She served the institution for three years, from S.Y. 1972-1973 to SY 1974-1975. Atty. Vicente A. Mayo assumed the position of Chairman of the Board of Regents in June 1973 and he has been serving the institution in that capacity since then. In June 1975, Dr. Abelardo B. Perez took over the presidency for the second time, a position he holds up to the present.
The initial total enrollment of only 48 college students in 1947 gradually increased to 3,458 in 1972 after twenty-five years of operation and then to 13,969 in 1995. Along with the steady flow of enrollment is the corresponding increase in the size of the faculty. From the ten members in 1947, the number increased to 141 in 1972 and to 332 in 1995.
WPC reached its 50th year in 1996. The yearlong celebration was launched on April 28, 1995 with the administration of scholarship competitive tests. That year 50 college students, 30 high school and 20 elementary pupils enjoyed free tuition.
Founders Memorial Lecture series also marked the golden year, in addition to an array of festivities that included parade, exhibits. Faculty and Employees Night and students activities.