Notice of stockholders’ meeting now at 21 days
In order for the stockholders or members to prepare and participate more effectively in matters concerning the corporation, the SEC has issued Memorandum Circular No. 3, Series of 2020, requiring companies to send its invitations for its regular stockholders’ or members’ meetings at least 21 days before the event. The 21-day notice will give them a longer period of time to work out their schedules compared to the 2 weeks notice given before. This is in compliance with Republic Act No. 11232, the Revised Corporation Code.
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