MSCI Annual Report 2021 - 2022

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MSCI Past Presidents Jaime Zobel De Ayala

1976-1977

Adolfo Duarte 1977-1978 Vicente R. Ayllon 1978-1979 Jovencio F. Cinco

1979-1980

Renato L. Paras

1980-1981

Antonio R. Santamaria

1981-1982

Agustin R. Bengzon

1982-1983

Luis P. Vera 1983-1984 Alfred X. Burgos, Jr.

1984-1985

Felino L. Ampil 1985-1986 Alex Y. Pardo 1986-1987 Lucito L. Sioson 1987-1988

As a sports club, the Makati (Sports) Club advocates the promotion of physical wellbeing and ability, and thus provides means for its members to engage in fitness activities and wholesome relaxation. It believes in the important role that exercise, sports, and healthy living play in personal development, in the formation and functioning of active minds and bodies, and of physically fit professionals who lead meaningful and productive lives in the service of the community and the country. It also has a variety of dining and banquet facilities which provide the perfect venue for business and leisure. Truly, the Makati Sports Club, Inc. is an oasis in the heart of the country’s premier business district and a valuable lifestyle investment you can enjoy.

Ricardo G. Librea

1988-1989

Victor T. Gomez, Jr.

1989-1990

Ignacio A. Macrohon, Jr.

1990-1991

Claudio B. Altura 1991-1992 Cecile H. Cheng

1992-1993

Rogelio G. Villarosa

1993-1994

Sixto S. Sandejas II

1994-1995

Rico V. Domingo

1995-1996

Salvador R. Fabregas

1996-1997

Ricardo G. Librea

1997-1999

Jovencio F. Cinco

1999-2000

Eliseo V. Villamor

2000-2001

Rogelio G. Villarosa

2001-2002

Alicia L. Cinco 2002-2003 Ismael M. Estella

2003-2004

Oscar J. Ledesma, Jr.

2004-2005

Alejandro Z. Barin

2005-2006

Alicia L. Cinco 2006-2007 Rogelio U. Marasigan

2007-2008

Ismael M. Estella

2008-2009

Claudio B. Altura 2009-2010 Alicia L. Cinco 2010-2011 Renato C. Valencia

2011-2012

Jose S. Sandejas

2012-2013

Robin A. King

2013-2014

Dexter Quintana 2014-2015 Manuel Bengson

2015-2016

Edward Gabaldon 2016-2017 Ismael Melendres 2017-2018 Alicia L. Cinco 2018-2019 Marlon Dennis L. Loyola

2019-2020

Eduardo V. Francisco

2020-2021


Board of Directors 2021 - 2022

Dr. Jaime C. Laya President

Mr. Rogelio M. Guadalquiver Vice-President / Construction Committee Chairman

Atty. Bernardo C. Virtucio, Sr. Corporate Secretary / Planning Committee Chairman

Mr. Ismael L. Melendres, Jr. Treasurer / Finance Committee Chairman

Mrs. Alicia L. Cinco Director / Membership Committee Chairwoman

Atty. Gregorio O. Bilog III Director / Human Resource & Development Committee Chairman

Mr. Renato C. Valencia Director / House Committee Chairman

Mr. Lorenzo T. Lichauco Director / Sports Committee Chairman

Mr. Carlos Simon T. Casas Director / Socials Committee Chairman


President’s Report Dear Fellow Members: The past year, the second of the Covid-19 pandemic, has been both difficult and gratifying. Difficult because the Club was closed or only partly open during the entire year. Membership access to sports and restaurant facilities were limited or entirely closed. Employees were even more affected, with some laid off or furloughed and others asked to report only part-time. These notwithstanding, the membership continued paying Club dues and the staff continued to keep Club facilities secure and properly maintained. They continued to provide efficient and cheerful service to the membership whenever circumstances permitted. Club facilities The focus of the year’s activities has been the maintenance and upgrading of Club facilities, with primary attention given to the almost half-century old electrical system that has been taken for granted. A professional survey indicated the need for urgent action to ensure the safety of members, guests and staff and the Club building itself. These are now being attended to. The upgrading of internet access, begun in the previous year, was completed and became operational. This not only gave better service to Club members and guests but also helped raise food and beverage revenue. Repairs and maintenance With the lull in operations, management took the opportunity to undertake long-deferred repair and maintenance activities, refurbishments, and renovations. These include the cleaning of the Club cistern; repainting of Club roofs and fence, the Log Cabin ceiling and other facilities; refurbishment and general cleaning of Club kitchens; repair of the walk-in freezer; installation of awnings at the indoor tennis courts; upgrading of the ventilation in the Log Cabin, first and second floor verandas, and locker rooms; installation of electronic sports reservation boards; Food and beverage With Covid-19 restrictions, patronage of the Club restaurants and function rooms for corporate and individual events was practically nil for much of the year. Initiatives were taken to make up for the difference including increase food and beverage sales including special food promotions, thematic buffets, online sales and delivery

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Human Relations With the agreement of the Makati Sports Club Union, Collective Bargaining negotiations were postponed in view of the financial impact of Covid-19. Recognizing the hardship being experienced by Club employees, measures were taken to help ease the lot of Club staff and the Club’s extended family including ball boys and trainers, barber shop and beauty parlor staff who depend on the patronage of members and guests; and employees who work on rotation and receive no pay when they do not report. Community pantries were separately sponsored by the Club and by the Union for staff and extended family. While Club funds covered part of the cost of Club-sponsored events, much of the funding was due to the generosity of the membership who gave substantial contributions for the purpose. For the safety of Club staff, members and visitors, the Club funded measures including antigen testing, foot baths, temperature checks, and other health measures. Assistance to the less fortunate Notwithstanding the Club’s financial position, the Board noted that other Filipinos were in even greater difficulty and approved a significant donation for the victims of typhoon Odette through Caritas Philippines and smaller amounts for other worthy causes. These were funded by the proceeds of an online concert featuring famous singer Noel Cabangon. Club management The long-serving General Manager, Mr George Salvador, sadly passed away during the year and the Club’s Comptroller Mr. Ronaldo Limbo was appointed General Manager. It has been Mr. Limbo and the management team who have successfully directed Club affairs during the year, including the stringent cost cutting measures required to keep Club finances strong. The country appears to be recovering from the economic and health difficulties of the past year and with the guidance of Divine Providence and the united effort of all stakeholders, the Club remains strong. We can truly be proud that the challenges of Board year 2021-2022 were successfully met with the goodwill, dedication and sacrifice of the Club membership and its Directors, officers, staff, and extended family.

Dr. Jaime C. Laya

Makati (Sports) Club, Inc.

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House Committee

Mr. Renato C. Valencia Chairman

Vice-Chairwoman : Mrs. Alicia L. Cinco Members

: Atty. Jovencio F. Cinco Mr. Eduardo V. Francisco Mr. Robin A. King Mr. Ismael L. Melendres, Jr. Atty. Ian Ray Malilong

The Committee is pleased to report its accomplishments for the board year 2021-2022: •

Launched the following events: 1. 01-31 May 2021 Mother’s Day Asian Menu 2. 15-30 June 2021 Father’s Day Bar-BBQ Celebration 3. Tie-up with Steveston Pizza 4. 01 February 2022 Chinese New Year Promo 5. Boodle Fight Promo 6. 14 February 2022 Valentine’s Day Promo 7. Sizzling Breakfast Meals

The Club implemented weekly thematic meals as follows: -

1st Week 2nd Week 3rd Week 4th Week

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Unlimited Tempura and Sushi Hot Pot Sizzler Festival Mongolian Station

Celebrants can celebrate at the club and get a free cake on the day of their birthday. A 10+1 promo was also added to the promotions of the Club. • • •

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Launched the Online Food Ordering System Proposed to create a Concierge and Front Desk where members can inquire and be assisted Created a Viber Group for Members


• • • • • •

Proposed indoor golf inside the club Proposed Software Development (Data Privacy Framework) Proposed the payment of membership dues via Gcash Proposed to develop an online ordering, two-way communication system, and assigning an employee to specifically address the bills payment concerns; Designated Vast online to develop the online ordering system and is just waiting for the proposal and terms and conditions. Proposed to create an online payment; the Club’s applications with BDO and Gcash are currently pending. Conducted a survey last 25 October to 08 November 2021 among the members about the club’s products (food) and services.

FOOD AND BEVERAGE PROMOTIONS

WEEKLY THEMATIC MEALS Makati (Sports) Club, Inc.

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Finance Committee Mr. Ismael L. Melendres Chairman

Vice-Chairman Members

: Mr. Rogelio M. Guadalquiver : Mr. Jovencio F. Cinco Mr. Dexter E. Quintana

The Finance Committee presents the following achievements for the Board Year 2021-2022: • • • • • • • • • • • • • • •

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Exercised prudent management of the club’s funds including the placement of available cash in higher yielding securities. Reviewed and updated our accounting and cost control procedures Reviewed and approved the monthly financial reports Reviewed and approved the audited financial statements for the year ended December 31, 2021 as audited / reported by our independent auditors, KPMG R.G. Manabat & Co. Approved and released all funding requirements for capital expenditures and major purchases for club projects Prompt Annual Payment of Municipal and Realty Tax. Maintained a good credit standing with various suppliers of the club. Recommended the renewal of the club’s loose-leaf books of accounts and appointment of an authorized representative to file and submit the same with the Bureau of Internal Revenue (BIR). Sourced alternative and inexpensive perishable goods. Managed effectively the electricity and water costs. Funded RT PCR and antigen tests to ensure the safety and welfare of employees. Procured safety materials and devices such as footbaths, scanners, and other disinfectants for added protection. Funded and provided a Directors’ and Officers’ Liability Insurance for its directors and officers Released the financial assistance to regular and non-regular personnel during quarantine. Reviewed the Employees’ Retirement Plan and evaluated the Actuarial Report to ensure that the club is compliant with the provisions of R.A. 4917 and R. A. 7641 and to ensure that the retirement needs are adequately funded.


Membership Committee Mrs. Alicia L. Cinco Chairwoman

Vice-Chairman Members

: Mr. Renato C. Valencia : Ms. Jennifer C. Guerrero Mr. Eduardo V. Francisco Mr. Robin A. King Mr. Ismael L. Melendres, Jr. Atty. Ian Ray Malilong

Membership Despite the pandemic, the Committee was able to accomplish the following: • • • • • • •

Collected Php3,025,000.00 transfer and assignment fees for the year 2021 Processed 62 applications for membership. Processed 2 applicants for lifetime membership Conducted virtual induction of new members attended by 28 applicants including 1 lifetime member. Processed 5 over-aged dependents. Approved the lifetime application of Atty. Victor Alimurung and transfered his share to his son, Michael Victor Alimurung. Approved the cancellation of associate membership of Ms. Emily Nolledo effective March 2021.

The Committee extends its gratitude to all members for their continued support and cooperation.

Makati (Sports) Club, Inc.

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INDUCTION OF NEW MEMBERS INDUCTION OF NEW MEMBERS

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List of New Members who were Inducted during Board Year 2021-2022: April 30, 2021

February 17, 2022

• • • • • • • • • • • • • • • • • • • • • • • • • • • •

• • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Vera P. Acosta Serafin J. Alleje III Raul S. Buan Cecilia A. Cabangon Alejandro A. Caeg Rossano Carbungco Jung Min Cha Mohamad Khalig Q. Dimaporo Pauline C. Feria-Darre George S. Go Mark Anthony Gutierrez Allison M. Jackson Ma. Juliana Javellana Maria Lourdes G. Lindo Lisette L. Mangonon Tetsuya Nonaka Yvonne Pascual Fiona Jean Philipps Cynthia L. Picazo Aaron David C. Qui Marie Antonette B. Quiogue Salazar, Jayson T. Salazar Sigmund Homer S. Samson Meynardo T. Talens Evangeline C. Tan Leonardo Tan Jr. Tuazon, Joseph R. Tuazon Juan Bernardo Z. Yulo

Courtesy Member •

Susan Grace V. Filamor

Life Member •

Makati (Sports) Club, Inc.

Julien Garraud Lokesh Khanna Oliver Carlos G. Odulio Willie Jan Michael P. Barcelon Geoffrey L. Tan Jeffrey Stewart T. Go Meng-Shin Lim Shu Kaneko Peter N.Tan Ming Wai Go Gulmira Mukanova Christopher Christian P. Aro Michael Alvin C. Lim Alexander Y. Syfu Michael Victor N. Alimurung John John J. Jalbuena Jose Juan G. Jalbuena Joseph Manalo R. Rebano Josephine Marie R. Salazar Katsunori Ushiku Thomerson Yao Dennis B. Funa Violeta Nicolae Stephen John Peaker Bryan U. Villanueva Ana Marie G. Ordoveza Catherine T. Tan Nestor L. Tolentino Edward S. Relucio

Jose C. Rebano (LM-049)

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Construction & Maintenance Committee

Planning & Development Committee

Mr. Rogelio M. Guadalquiver

Atty. Bernardo C. Virtucio Sr.

Chairman

Vice-Chairman : Mr. Ismael L. Melendres Members : Arch’t. Roger G. Villarosa Mr. Dexter E. Quitana Mr. Protacio Tacandong

Chairman

Vice-Chairman : Mr. Carlos Simon T. Casas Members : Atty. Simplicio M. Virtudazo, Jr. Mr. Leopoldo M. Lopez, Jr. Mr. Emmanuel Y. Mendoza

The Committee is pleased to report its accomplishments for the board year 2021-2022: MAJOR PROJECTS: - Installation of awning for indoor tennis court. - Refurbishment of Main kitchen - Installation of orbit fan for Lanai Gym area. - Repair of Walk In freezer (meat section) - Repair and repainting of gutter in the main clubhouse building. - Repainting of Log Cabin roof, Patisserie and Gazebo. - Installation of ceiling fan in the Veranda Al Fresco and Log Cabin - General cleaning of exhaust system of Main kitchen, Lanai kirchen and Barbeque pit. - Replacement of the two units of busted tennis court lights (court Nos 1 and 2) - Replacement of the running belt of Threadmill. - Preventive maintenance of Life fitness Gym equipment.

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REPAIRS AND MAINTENANCE - Conversion of the Epicerie to Concierge office - Pressure washed at the open tennis court. - Repainting of Squash court # 4 - Repainting of ceiling fan in the Pavillion. - Installation of wall fan in the Men’s locker room (Pavillion) - Repainting of concrete ceiling of Lanai hallway. - Application of woodstain on wood planks along veranda. - Repainting of stair steps and stairways. - Cleaning of cistern in the Sports Pavillion. - Repair and repainting of ceiling of Log Cabin - Repainting of Board room - Repainting of electrical panel board cover and clearing of electrical rooms. - Installation of T.V monitor for Sports Activities and programs. - Repainting of concrete perimeter fence of tennis court.

HOUSEKEEPING - Beautification of surroundings - Construction of concrete plant box near Patisserie - Cleaning of all function rooms, locker rooms and public areas - Planting of new Catmon tree near Sport Pavillion. - General cleaning of shower cubicles (Clubhouse and Pavillion). - Cleaning of Turbo electric fan of indoor tennis court.

PLANNING • •

• • •

Initiated the evaluation of the current state of the Club’s electrical system with the primary objective of ensuring that the facilities of the Club are safe for its Members and Staff and at the same time to be fully compliant to the Philippine Electrical Code (PEC). Achieved the first part of the initiative by contracting the services of licensed design electrical engineers who produced and documented the as built drawings of the Club’s current electrical system which can serve as the guide for its ongoing and future improvements and the evaluation of the existing electrical equipment installations. Proposed to the Board the approval of a budget for the immediate rectification and improvement of the priority equipment installations and conductive materials based on the results of the evaluation of the electrical engineers. The Committee is happy to report that the Board for the year 2021-2022, initially approved the urgent rectification works for the first phase of this important project. The Committee vows to pursue and continue, for the next board year 2022-2023, the completion of the 2nd and final phase of this initiative for the purpose of ensuring the safety of the Club’s Members and Staff.

Makati (Sports) Club, Inc.

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REPAINTING OF PERIMETER WALL OF OPEN TENNIS COURT

REPAINTING OF BADMINTON COURT

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REPAINTING OF LOG CABIN ROOF

REPAINTING OF LADIES’ COMFORT ROOM AT THE CLUB DELI AND BISTRO LOUNGE

BEAUTIFICATION OF THE CLUB’S SURROUNDINGS

INSTALLATION OF WALL FANS AT THE MEN’S LOCKER ROOM AND GYM AT THE LANAI HALLWAY

Makati (Sports) Club, Inc.

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Sports & Games Committee Mr. Lorenzo T. Lichauco Chairman

Vice-Chairman

: Atty. Gregorio O. Bilog III

The Committee is pleased to report its accomplishments for the board year 2021-2022: •

Installed awning on both sides of the indoor tennis courts.

Installed electric (ceiling) fans at the Men’s Locker Rooms and Lanai Hallway (Gym Area)

Installed buzzers, digital clocks, and hardiflex at court number 3 to protect the members from glare

Replaced the old nets and purchased new ones for the indoor tennis courts

Repainted the perimeter fence of the outdoor tennis courts

Allowed two (2) guests per member to visit the Club since the lowering of the restrictions to Alert No. 2.

Included the ball boys, barber shop and beauty parlour staff in the distribution of the special financial assistance and periodic financial assistance.

Redeployed inactive / idle ballboys as the club’s cleaning staff

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INSTALLATION OF DIGITAL WALL CLOCK AT THE INDOOR TENNIS & OUTDOOR TENNIS COURTS AND SPORTS PAVILION KIOSK

REPLACEMENT OF NETS AT THE INDOOR TENNIS COURTS

RE-PAINTING OF THE OUTDOOR COURTS

Makati (Sports) Club, Inc.

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Socials Committee Mr. Carlos Simon T. Casas Chairman

Vice-Chairman : Atty. Bernardo C. Virtucio Sr. Members : Atty. Simplicio M. Virtudazo, Jr. : Mr. Marc Antonio D. Dizon

The socials committee held the following affairs in the club: • •

The 46th Club Anniversary held on June 12, 2021, highlighted by the official launching of the Club’s new and highspeed internet facility. Virtual Christmas Concert featuring Noel Cabangon on December 18, 2021 for the benefit of Caritas Manila in which we donated P100,000, Php 10,000 to the Women of Bel-Air Foundation, and Php 10,000 to the Golden Reception and Action Center for the Elderly and other Special Cases (GRACES) from the Php 132,750 net profit of the virtual concert. Induction Ceremony (in coordination with the Membership Committee) on February 17, 2022 which featured Ms. Nicole Laurel Asensio as the artist.

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CLUB ANNIVERSARY


VIRTUAL CONCERT

INDUCTION CEREMONY FEATURING NICOLE ASENSIO

CERTIFICATE OF DONATION FROM CARITAS MANILA

Makati (Sports) Club, Inc.

VISIT TO GOLDEN RECEPTION AND ACTION CENTER FOR THE ELDERLY AND OTHER SPECIAL CASES (GRACES)

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Human Resource and Development Committee

Atty. Gregorio O. Bilog Chairman

Vice-Chairman

: Mr. Lorenzo T. Lichauco

Member

: Atty. Jovencio F. Cinco

The Committee is pleased to report its accomplishments for the board year 2021-2022: •

Collective Bargaining Agreement (CBA) Negotiations

Distribution of special financial assistance worth Php 431,072.48 to employees who were affected and unable to report for work because of quarantine restrictions which includes the ball boys, barber shop & and beauty parlor staff.

Approval of the granting of 13th month pay worth Php 2,004,410.00 to all regular employees, regardless of rank which should include the supervisors and managers.

Formal search for the next general manager of the Club and moved for the appointment of Mr. Ronaldo Limbo as the new general manager of the Club effective 01 December 2021.

Approval of the request for financial assistance worth Php 354,954.00 equivalent to the cash conversion of the employees’ unused 2020 vacation leaves for a maximum of eight (8) days.

Approval of the disbursement of the employees’ 2022 uniform allowance worth Php 765,910.00 for the issuance of four (4) sets for each employee

Distribution of Christmas Bonus, Service and Loyalty Awards to employees and extended families worth Php 2,486,842.00, and financial aid worth Php 114,000.00 and transportation allowance worth Php 70,070.00 to the rank and file employees on rotating schedule.

Approved the hiring of Mr. Jeson G. Marcial as the new Accounting Manager of the club.

Approved the services of Maxicare Healthcare Corporation worth Php 1,099.242.37 as the HMO of both the rank and file employees, managers and supervisors

Approval of the disbursement of the rank and file employees’ sick leave conversion worth Php 175,588.53 for the year 2021.

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Financial Highlights 2021

2020

MEMBERSHIP DUES AND OTHER FEES

42,246,035

40,171,787

(FOOD AND BEVERAGE, SPORTS, PARLOR & BARBERSHOP)

18,973,859

26,158,735

1,444,983 62,664,877

1,919,492 68,250,014

30,151,458 34,472,140

35,591,306 39,189,379 74,780,685

DEFICIENCY OF INCOME OVER EXPENSES BEFORE INCOME TAX EXPENSE

64,623,598 (1,958,721)

(6,530,671)

ACCUMULATED EXCESS OF INCOME OVER EXPENSES AT THE END OF THE YEAR

69,930,816

72,225,643

TOTAL ASSETS

159,568,014

164,995,658

MEMBERS’ EQUITY OTHER HIGHLIGHTS DEPARTED INCOME (LOSS) FOOD AND BEVERAGE SPORTS AND RECREATION BEAUTY PARLOT BARBERSHOP

130,795,823

132,138,577

(8,278,109) (2,874,760) (18,549) (6,181)

(5,873,572) (3,374,178) (118,057) (66,764)

MEMBERSHIP DUES & GROSS INCOME FROM OPERATIONS

OTHER INCOME COST OF SALES, DIRECT EXPENSES & GENERAL & ADMINISTRATIVE EXPENSES COST OF SALES AND DIRECT EXPENSES GENERAL & ADMINISTRATIVE EXPENSES (INCLUDING DEPRECIATION & DEFERRED TAX)

Makati (Sports) Club, Inc.

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Acts, Deeds, And Contracts 2021-2022 April 15, 2021 •

Upgrading of the internet and Wi-Fi connection of the Club to provide stronger connectivity in different areas of the Club for the use and enjoyment of members

Assessment of the Club’s compliance with the Building Code; conduct of survey of all the plumbing, electric lines, etc. of the entire Club to assess their current state

Improvement of the Log Cabin as previously approved in principle by the Board; a marketing survey will be conducted on how to repackage it to meet the current needs of members

Planning and implementation of measures to reduce utility costs; coordination with checkers and other employees to assess electricity usage

Sending of notice of postponement of the annual stockholders’ meeting to shareholders in light of the COVID-19 situation

May 18, 2021 The following were elected/appointed as officers of the Makati (Sports) Club, Inc. for fiscal year 2021-2022. Dr. Jaime C. Laya Mr. Rogelio M. Guadalquiver Atty. Bernardo C. Virtucio, Sr.. Mr. Angelito M. Villanueva Atty. Simplicio M. Virtudazo, Jr. Atty. Ian Ray P. Malilong •

-

President Vice President Corporate Secretary Treasurer Assistant Treasurer Asst. Corporate Secretary

Designation of Dr. Jaime Laya, Mr. Rogelio Guadalquiver, Atty. Berardo Virtucio Sr., Mr. Angelito Villanueva, and Atty. Simplicio Virtudazo Jr. as signatories of the Club with respect to its deposit accounts with the Metropolitan Bank and Trust Co. (Metrobank) and Union Bank of the Philippines (UBP), and investment accounts with the Bank of the Philippine Island (BPI), Philippine National Bank (PNB), and BDO Unibank, Inc.

Makati (Sports) Club, Inc.

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Designation of the General Manager to sign transactions of the Club amounting to Php10,000.00 and below

Approval of the retention of Solis Medina Fajardo and Malilong Law Offices as external counsel

June 18, 2021 •

Approval and confirmation of committee chairpersons

Undertaking of a comprehensive study of the ventilation requirements of the Club in light of the COVID-19 pandemic and endorsement of the same to the Planning Committee; assessment of engaging external consultants to come up with cost estimates, preparation of the terms of reference, and the conduct of bidding to implement the project

. •

Agreement that all committee chairpersons should convene to identify the respective committee functions and submit their programs and projects for the year

Evaluation of the current status of the electrical system of the Club; authorization of the Construction Committee to proceed with the bidding process, analysis of bids, and the subsequent award of the necessary work subject to final approval of the budget

Issuance of Department of Tourism’s (DOT) safety seal to the Club to hold banquet functions such as seminars, conferences, exhibits and the like

Holding of the 46th Club Anniversary on 12 June 2021, highlighted by the official launching of the Club’s new and highspeed internet facility

Creation of an Ad Hoc Committee composed of the President, Vice President, Corporate Secretary, Treasurer, and the Membership Committee Chairperson. Mrs. Alicia Cinco

July 16, 2021 •

Resignation of Director Angelito M. Villanueva due to health reasons

Election of Mr. Ismael Melendres as Mr. Villanueva’s replacement to serve the latter’s unexpired term and appointment of Mr. Melendres to the positions: Treasurer and Chairman of the Finance Committee and Vice Chairman of Construction and Maintenance Committee

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Acts, Deeds, And Contracts 2021-2022 •

Study of new sources of revenues given the limited utilization of the Club’s facilities under IATF guidelines

Installation of acrylic table barriers in different food outlets of the Club in compliance with the requirements of the Makati LGU

August 20, 2021 •

Proposal to further study of software development project to integrate data privacy framework

Update on the Club’s electrical facilities rehabilitation

Study to modernize the services being provided by the Club

September 17, 2021 •

Update on the assessment of the electrical and sanitary systems; resolution to commission a quantity surveyor to prepare estimates based on the Scope of Work

Adoption of online ordering system and viber messaging and creation of a concierge office

Update on the repair and maintenance activities and special projects undertaken by the Club during lockdown

Discussion on additional services and projects for the Club’s members, such as a facility for Webinars and the like.

Grant of Christmas bonus or 14th month pay to all regular employees, regardless of rank

October 15, 2021 •

Proposal to avail of GCash for the payment of membership dues

Designation of Mr. Limbo as officer-in-charge vice the late General Manager, George J. Salvador, while the search process for a new general manager is on-going

Makati (Sports) Club, Inc.

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November 19, 2021 •

Report on the status of the Club’s online ordering system

Approval of the disbursement of the employees’ 2021 uniform allowance for the issuance of four (4) sets of new uniforms

Appointment of Mr. Ronaldo C. Limbo as the new General Manager of Makati Sports Club, Inc. effective 01 December 2021

Holding of virtual Christmas concert with Noel Cabangon as the guest artist with a talent fee of PhP 75,000.00

Report on management’s survey held from 25 October to 08 November 2021 on the members’ feedback on products and services of the Club

Report on the donation to the Club of five (5) sets of safety harness and ten (10) pcs. of hard hats from Casas + Architects, Inc.

December 17, 2021 •

Revival of the proposal to avail of the Directors and Officers Liability Insurance and submission of relevant documents and information to Mr. Tito Kalagayan for assessment

Report that 99% of the employees and extended families have already been fully vaccinated

Hold of a virtual concert on 18 December 2021 at 7:00 p.m. featuring Mr. Noel Cabangon

Launching of the online ordering system with free delivery for a minimum purchase of PhP 1,000.00 within the Makati Central Business District

Proposal of the Finance Committee to hire an accounting manager to perform the finance and accounting duties of the previous comptroller

Instruction to Management to submit a report regarding the actuarial studies on the retirement benefits of the Club’s employees

Proposal to revisit the current property insurance coverage of the Club to ensure that its assets are fully covered

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Acts, Deeds, And Contracts 2021-2022 January 31, 2022 •

Approval on the availment of the Directors’ and Officers’ Liability Insurance

Presentation of Alecs Contractor’s executive summary after the ocular inspection and electrical assessment were conducted on 08-22 November 2021

Proposal for the installation of the FDAS, CCTV, Music, and telephone systems

Approval of the budget of P4,000,000.00 for the implementation of the electrical assessment (subject to additional budget for the recommendation and approval of the Executive Committee)

Report on the implementation of new health and safety protocols by requiring members and guests to scan and download the Club’s and Makati’s QR codes.

Report on the Club’s donation of P100,000.00 to Caritas Manila for the victims of the Typhoon Odette

Appointment of the following members of the elections committee for the upcoming shareholders’ meeting: Mr. Eduardo Francisco, as Chairman, Atty. Godofredo De Guzman, Mr. Leopoldo Lopez, Atty. Ian Malilong, and Arch. Rogelio Villarosa as members.

Report on the tax-qualified/compliant retirement program being handled by Insular Life; request to update the actuarial report for the evaluation of the Finance Committee

Makati (Sports) Club, Inc.

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February 18, 2022 •

Proposal for the Construction and Finance Committees to be authorized to approve the coverage of the first phase of the electrical assessment project within the PhP4 million budget

Report of Finance Committee on the new actuarial study of Insular Life

Reported to the Board that the Planning and Construction Committee will call a special meeting with the Finance and Ad Hoc committees once the final report for electrical works is available

Report on the mutual suspension of the CBA negotiations of the COVID-19 situation

Donation of PhP 10,000.00 to be taken from the proceeds of the Noel Cabangon concert to the Graces Foundation as previously approved by the Board

March 18, 2022 •

Presentation and Approval of the Club’s Audited Financial Statements for the year ended 31 December 2021 as prepared by its external auditors, R.G. Manabat & Co.

Relaunching of the Club’s thematic lunch buffet starting 01 March 2022

Use of eco-friendly packaging materials for the F&B take out

Report on the repair and maintenance activities undertaken such as the repainting of the Clubhouse roof, implementation of waste segregation program, various preventive maintenance works, repair of air-conditioning units at the Patisserie

Report on ongoing projects such as the repainting of badminton courts, improvement of the Honor Board

Proposal for the rehabilitation/replacement of the swimming pool filter

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THE MANAGEMENT TEAM EXECUTIVE OFFICE

ADMINISTRATION & FINANCE

FOOD & BEVERAGE / RESERVATIONS

Ronaldo C. Limbo General Manager HR / F&B Manager / Sports Manager

Jeson G. Marcial Accounting Manager

Lolita T. Tolosa Head of Reservations

Christina Alena B. Galasi Public Relations Officer

Jocelyn C. Tagulao Head Cashier

Erlinda S. Tiotuyco F&B Service Supervisor

Jean L. Belleza Billing Supervisor

Nelson B. Briones Main Kitchen Supervisor

Egy D. Lumbo MIS Supervisor

Almiro O. Eraño Pastry Chef

Ellen Q. Gozar Purchasing Supervisor

Catherine S. Manzarate Lanai Kitchen Supervisor

Zenaida R. Bandies Cost Control Supervisor

Bernadette C. Aguilar Reservations Supervisor

HUMAN RESOURCE DEPARTMENT Marilou T. Luzon Human Resource Supervisor

SPORTS & RECREATION Nicanor B. Cayanan Jr. Banquet Supervisor / Sports & Recreation Supervisor MEMBERSHIP Marian N. Punzalan Head of Membership Makati (Sports) Club, Inc.

Alberto M. Lerma Consultant Repairs and Maintenance / Housekeeping

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