address

Hi,
What does "address" mean in this context? Deos it mean: when you're speaking to me? Or when you're addressing my name?
Thanks for your help.

V.P.: Hey, we are all on the same team, remember?
Woman: Absolutely.
V.P. : Just find the leak... and plug it.
P: Thank you, ma'am.
V.P.: One more thing, the next time you're in my office, I expect you to stand when you're addressing me.
Woman: Absolutely.