Please be informed that at the Annual Stockholders' Meeting of Far Eastern University, Inc. (FEU) held today, 16 October 2021, the following resolutions were adopted and approved:
1. "RESOLVED, That the reading of the minutes of the Annual Meeting of Stockholders held on 17 October 2020 be, as it is hereby, dispensed with and that said minutes be, as it is hereby, approved as presented, in as much as a copy of the minutes of the previous meeting can be accessed at the Annual Stockholders Meeting website htt,ps://www.feu,edu.ph/asm2021/ and an electronic copy has been available on the FEU Website since 21 October 2020."
2. "RESOLVED, That the Academic Report on Far Eastern University, Inc. of the President, Dr. Michael M. Alba, for the academic year 2020-2021 be, as it is hereby, noted."
3. "RESOLVED, That the Annual Report be, as it is hereby, noted, and that the audited Consolidated Financial Statements of FEU and its Subsidiaries and the audited Separate Financial Statements of FEU for the years ended 31 May 2021, 2020 and 2019 be, as it is hereby, approved."
4. "RESOLVED, That all the acts and resolutions of the Board of Trustees, Board and Management Committees, and Management and other Officers of Far Eastern University, Inc. taken or adopted since the Annual Meeting of Stockholders last 17 October 2020 until today, 16 October 2021, be, as it is hereby, approved, ratified and confirmed."
5. "RESOLVED, That: (1) Dr. Edilberto C. de Jesus be allowed to continue as an Independent Trustee of FEU; and (2) all votes be cast equally among the nine nominees, and that all nine nominees be declared elected to serve as such effective immediately until their successors are duly elected and qualified:
1. Dr. Lourdes R. Montinola 2. Mr. Aurelio R. Montinola III 3. Dr. Michael M. Alba 4. Mr. Antonio R. Montinola 5. Dr. Paulino Y. Tan 6. Ms. Sherisa P. Nuesa 7. Dr. Edilberto C. De Jesus, Independent Trustee 8. Mr. Jose T. Sio, Independent Trustee 9. Ms. Consuelo D. Garcia, Independent Trustee
6. "RESOLVED, That Punongbayan and Araullo, Certified Public Accountants and the Philippine member firm of Grant Thornton International, Ltd., be, as it is hereby, reappointed as the External Auditor of Far Eastern University, Inc. for the fiscal year 2021-2022, and that the fees shall be negotiated by Management." |