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...