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PNCC vs. Pabion: Stockholder Meeting Ruling by Tricia is a document available to read on EtoBox.

The Philippine National Construction Corporation (PNCC) claimed it was exempt from holding stockholder meetings to elect directors because it was a government-owned and controlled corporation (GOCC) governed by an administrative order. However, the Supreme Court ruled that the Securities and Exchange Commission (SEC) has jurisdiction to determine if PNCC is properly classified as a GOCC. The SEC, and other authorities, can rule on PNCC

Author

Tricia

Language

EN