Draft Memorandum Circular on Notice Period for Regular Meetings of Stockholders/Members

January 24, 2020

SEC NOTICE

TO :All Interested Parties
SUBJECT:Draft Memorandum Circular on Notice Period for Regular Meetings of Stockholders/Members

The public is invited to submit their comments, feedbacks and inputs on the draft Memorandum Circular on Notice Period for Regular Meetings of Stockholders/Members on or before 8 February 2020 (Saturday).

It is requested that comments/inputs be emailed to [email protected] c/o Atty. Shiena Angela D. Aquino using the template provided.

Issued on January 24, 2020.

ATTACHMENT

SEC MEMORANDUM CIRCULAR NO. ___
Series of 2020

TO :ALL CORPORATIONS
SUBJECT:NOTICE OF REGULAR MEETINGS OF THE STOCKHOLDERS/MEMBERS

To promote good corporate governance and the protection of minority investors, the Commission, pursuant to its regulatory power under Section 179 (d) of Republic Act No. 11232 otherwise known as the Revised Corporation Code of the Philippines (RCCP) and Administrative Order No. 38, Series of 2013 resolved to issue the following rules:

(1) Written notice of regular meetings shall be sent to all stockholders/members of record at least twenty-one (21) calendar days prior to the date of the meeting, in accordance with Section 49...

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