ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
A.3.19

Does the company provide the rationale and explanation for each agenda item which require shareholders’ approval in the notice of AGM/circulars and/or the accompanying statement?

Response

YES. The Company provides the rationale and explanation of each item in the Agenda which require shareholders’ approval in the Notice of Annual Stockholders' Meeting dated June 2, 2015 and disclosed to the PSE and SEC.

Likewise, the Definitive Information Statement (SEC Form 20-IS) provide a summary of the matters submitted for the stockholders' approval, together with an explanation of each agenda item. 

For the 2016 ASM, the Company first disclosed the announcement of ASM on March 31, 2016 and disclosed the Notice of Meeting and Agenda with rationale on May 23, 2016.

 

 

References:

1. Website - Corporate Governance/2015 Annual Stockholders Meeting /Amended Notice of Annual Meeting dated June 2, 2015

2. Definitive Information Statement (SEC Form 20-IS), Pages 34-44 

3. PSE EDGE Disclosure - Amended Notice of Annual Meeting dated June 2, 2015

4. PSE EDGE Disclosure - Amended Notice of Annual Meeting, May 23, 2016.

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