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                    [ArticleID] => 323924
                    [Title] => SEC orders Philcomsat to hold stockholders’ meeting by April 17
                    [Summary] => The Securities and Exchange Commission (SEC) has ordered publicly listed Philcomsat Holdings Corp. (PHC) to hold a stockholders’ meeting on or before April 17, 2006.


PHC has not held its annual membership meeting since 2004 due to a pending dispute between the Ilusorio group and the group of Amb. Manuel Nieto over the composition of the governing board of directors of the firm’s parent companies.


Citing the Corporation Code, the SEC said the term of the board of directors of a stock corporation is limited only to one year.


                    [DatePublished] => 2006-03-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ERLINDA BILDNER AND VICTOR AFRICA

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                    [ArticleID] => 323924
                    [Title] => SEC orders Philcomsat to hold stockholders’ meeting by April 17
                    [Summary] => The Securities and Exchange Commission (SEC) has ordered publicly listed Philcomsat Holdings Corp. (PHC) to hold a stockholders’ meeting on or before April 17, 2006.


PHC has not held its annual membership meeting since 2004 due to a pending dispute between the Ilusorio group and the group of Amb. Manuel Nieto over the composition of the governing board of directors of the firm’s parent companies.


Citing the Corporation Code, the SEC said the term of the board of directors of a stock corporation is limited only to one year.


                    [DatePublished] => 2006-03-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

SEC orders Philcomsat to hold stockholders’ meeting by April 17

By Zinnia B. Dela Peña | March 2, 2006 - 12:00am

The Securities and Exchange Commission (SEC) has ordered publicly listed Philcomsat Holdings Corp. (PHC) to hold a stockholders’ meeting on or before April 17, 2006. PHC has not held its annual membership meeting...

Business