During the stockholders’ meeting held earlier today via zoom, the following matters were approved, confirmed, and ratified by the stockholders present during said meeting:
1. The minutes of the previous annual meeting of the stockholders held last 18 September 2020 via zoom application, 4th Floor Spirit of Communications Centre 106 Carlos Palanca St. Legazpi Village, Makati City;
3. The 2020 Audited Financial Statement of the Corporation;
4. The acts, proceedings, transactions, and agreements, authorized by and entered into by the Board of Directors and officers of the corporation, for and on behalf of the Corporation from the last special stockholders’ meeting to date;
5. The re-appointment of the firm Reyes Tacandong & Company as external auditors of the Corporation;
6. The proposed Amendment in Article III of Articles of Incorporation was not approved as the Company did not reach the required 2/3 votes of the stockholders. The Company has informed the shareholders that the address will be at the 4th Floor Spirit of Communications Centre, 106 Carlos Palanca St., Legaspi Village, Makati City, Philippines.
7. The nomination and election of the following as members of the Board of Directors of the Company: Jimmy Tiu Yaokasin, Augusto M. Cosio, Jr., Bernard B. Rabanzo, James G. Velasquez, Alma F. Buntua, Emmanuel K. Veloso (Independent Director), and Gopal Sham Daswani (Independent Director);
8. During the organizational meeting of the new Board of Directors held immediately after the stockholders’ meeting, the following officers were elected:
Chairman - Jimmy T. Yaokasin President & CEO - Augusto M. Cosio, Jr. Treasurer - Bernard B. Rabanzo Corporate Secretary - Atty. Johnston R. Brusola
The Board then appointed the following directors as members of the Board Committees:
Governance Committee:
Chairperson: Jimmy T. Yaokasin, Chairman of the Board Members: Emmanuel K. Veloso, Independent Director Gopal Sham Daswani, Independent Director Atty. Johnston R. Brusola, Secretariat
Audit Committee: Chairperson: Gopal Sham Daswani, Independent Director Members: Emmanuel K. Veloso, Independent Director Alma F. Buntua, Director
Risk Oversight Committee:
Chairperson: Emmanuel K. Veloso, Independent Director Members: Augusto M. Cosio Jr., President & CEO Gopal Sham Daswani, Independent Director
Nominations and Remuneration Committee: Chairperson: Bernard B. Rabanzo, Director Members: Augusto M. Cosio, Jr., President & CEO Jimmy T. Yaokasin, Chairman of the Board
Executive Committee:
Chairperson: Augusto M. Cosio, Jr., President & CEO Members: James G. Velasquez, Director Bernard B. Rabanzo, Director/Chief Admin & Finance Officer Atty. Johnston R. Brusola, Chief Legal & Compliance Officer/Secretariat Al Joseph C. De Guzman, Chief Operations Officer Maria May P.Militante, Chief BDU Officer The Board also elected Helen Q. Chico as the Corporation’s Compliance Officer under the Corporate Governance Manual. |