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Resolution:Beginning of Term for New Board Seats

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Menu Beginning of Term for New Board Seats
Approved on Apr 19, 2012

RESOLVED, The term of office of a Trustee elected to a newly created Board seat shall begin upon the certification of the Securities and Exchange Commission of the compliance with the Corporation Code of the Philippines (B.P. 68) of the Corporation's amendment to its Article of Incorporation providing the number of its Trustees;

RESOLVED FURTHER, Trustees-elect shall be invited in all Board activities and meetings where they shall enjoy full deliberating rights except the right to vote, until they shall have formally assumed office.