ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
A.3.1

Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances, benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/commissioners?

Response

The approval of the Directors' per diem will be included in the ratification of acts of the board of directors by the shareholders in its annual meeting to be held on July 27, 2016.  This will be included in the Information Statement to be distributed to the stockholders.


References:

1. Preliminary Information Statements, Ratification of Acts of the Board of Directors, Page 29 (Website: Corporate Governance/2016 Annual Stockholders Meeting).

2. PSE EDGE Disclosure, Information Statement, May 23, 2016

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