November 28, 2019
SEC-OGC OPINION NO. 56-19
RE: REMOTE COMMUNICATION IN STOCKHOLDER'S MEETING; WAIVER OF RIGHT TO VOTE
Batuhan Blando Concepcion and Trillana
15th Floor Picadilly Star Building
4th Avenue corner 27th Street
Bonifacio Global City, Taguig
Attention: Atty. Albert Garcia, Jr.
Atty. Kathreen Joyce Camba
Attorneys :
This refers to your letter dated 9 September 2019, requesting for the Commission's Opinion on the alternative remedies that the resident members of One Oasis Condominium Corporation (OOCC) may avail to reach the required quorum for the purpose of electing the new members of OOCC's Board of Trustees.
In said letter, you represented that the Annual General Membership Meeting of the members of OOCC for the purpose of electing the new members of OOCC's Board of Trustees was held on 8 June 2019. However, no quorum was reached because majority of the unit owners are living abroad.
You further stated that in the elections held before the above-stated date, no quorum was also mustered and thus, you now come to the Commission asking for an Opinion on the proposed alternatives it may avail in order to reach the...
