Rights and Equitable Treatment of Shareholders
Duty to Shareholders
The Company is committed to ensure fair and equitable treatment of all shareholders, including the minority, and to protect their rights which include the right to vote on all matters that require their consent or approval, right to inspect corporate books and records, right to information, right to dividends and appraisal right.
The Company recognizes the right of all shareholders to be treated fairly and equally, whether they are controlling or minority, local or foreign. The Company respects the rights of shareholders as provided under the Revised Corporation Code and other laws, and as stated in its Articles of Incorporation and Amended By-Laws. These rights relate to the following, among others:
- Right to vote on all matters that require their consent or approval;
- Right to inspect corporate books and records;
- Right to information;
- Right to dividends; and
- Appraisal right.
In furtherance of these rights, an Investor Relations Officer (“IRO”), under the Corporate Strategy Office, was appointed in order to communicate to the shareholders all material information on the activities of the Company.