2020 ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
A.3.2

Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/commissioners?

Response

YES. The Company provides non-controlling shareholders the right to nominate candidates for board directorships as part of the nomination process and procedures. In 2020, such nomination for Independent Directors by a minority shareholder has been appropriately disclosed in our Company’s SEC 20-IS.

 

The company promotes a culture of transparency with protection and equal respect of shareholder/investor rights embodied in its Manual on Corporate Governance. As such, Minority rights as embodied in the Corporation Code allows them to the right to cumulate their votes for election of directors and the right to nominate directors, among others. 

 

 


 

 

Good Governance Department

Joseph D. Susa
Tel: (+632) 8888-3942
Email: [email protected]