Regular Board Meeting on 29 May 2020 • Management reported that the employees already received the second tranche of the SSS’ SBWS in the amount of P8,000.00 and will also cover 16 May to 15 June for those employees who did not report to work. • Management suggested that effective 01 June, the employees will have a rotational schedule and have equal number of working and rest days. • The Board agreed to extend the deadline for the utilization of consumables to 30 June 2020. • The Board agreed to postpone the submission and validation of proxies, and the holding of the annual stockholders meeting. Special Board Meeting on 04 June 2020 • The Board approved to reset the 2020 Annual Stockholders’ Meeting to a later date. Regular Board Meeting on 18 June 2020 • The Board agreed to release the half of the 13th month pay provided, that the employees be informed that such amount will be considered as an advance to the employees’ 13th month pay for 2021. Special Board Meeting on 26 June 2020 • The Board approved the release of financial package given to Mr. Jake Pangalangan, who opted to resign. Special Board Meeting on 09 July 2020 • The Board resolved not to adopt the online voting citing the following: (1) amount of money and time required to implement the online voting; (2) security of the members’ personal information; (3) more than fifty percent (50%) of the members of the Club did not give their e-mail addresses; and (4) complexity of the process to vote online will pose serious problems to the older members.
Makati (Sports) Club, Inc.
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