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Metrobank increases number of directors from 12 to 14

During the meeting of the Board of Directors of Metropolitan Bank & Trust Company (Metrobank) hell on March 20, 2012, the board approved the ammendment to the Bank's Articles of Incorporation and By-Laws increasing the number of directors from 12 to 14.
Over the past year, pursuant to the Bank's continuing efforts to adopt higher corporate governance standards, additional board committees were created. This significantly increased the workload of the incumbent directors, hence, the proposal to increase the board seats from 12 to 14.

The amendment will be submitted to the stockholders for approval during the Annual Stockholders' Meeting to be held on April 25, 2012 at 4pm at the Auditorium, 2nd Floor, Metrobank Plaza, Sen. Gil Puyat Avenue, Makati City. Stockholders of record as of March 2, 2012 are entitled to vote at the said meeting.
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"Metrobank increases number of directors from 12 to 14" was written by Mary under the Banking category. It has been read 2584 times and generated 0 comments. The article was created on and updated on 21 March 2012.
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