March 12, 2020
SEC MEMORANDUM CIRCULAR NO. 06-20
| TO | : | All Concerned |
| SUBJECT | : | Guidelines on the Attendance and Participation of Directors, Trustees, Stockholders, Members, and Other Persons of Corporations in Regular and Special Meetings through Teleconferencing, Video Conferencing and Other Remote or Electronic Means of Communication |
WHEREAS, Section 52 of Republic Act No. 11232, or the Revised Corporation Code of the Philippines authorizes directors or trustees who cannot physically attend or vote at board meetings to participate and vote through remote communication;
WHEREAS, Section 49 of the Revised Corporation Code provides that written notice of regular meetings may be sent to all stockholders or members of record through electronic mail or such other manner as the Commission shall allow under its guidelines;
WHEREAS, Section 49 of the Revised Corporation Code, provides that the right to vote of stockholders or members may be exercised in person, through a proxy, or when so authorized in the bylaws, through remote communication or in absentia;
WHEREAS, Section 50 of the Revised Corporation Code provides that when attendance, participation, and voting are allowed...
