Rules on Annual Stockholders Meeting and Proxies

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SEC MEMORANDUM CIRCULAR NO. 5: Rules on Annual Stockholders Meeting and Proxies

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Title Source: Supreme Court: Rules on Annual Stockholders Meeting and Proxies

Law: Sec Memorandum Circular No. 5

Decision Date: Aug 6, 1996

Perfecto R. Yasay, Jr. mandates publicly listed corporations to conduct annual stockholders' meetings for director elections, establish standardized proxy procedures, and ensure compliance with the Corporation Code and Revised Securities Act to enhance corporate governance and shareholder participation.

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