|
...
Feb
21, 2002
Held
at the Rm. 607, 6th Floor, Ramon Cojuangco
Building
Makati
Avenue, Makati City
PRESENT: ALSO
PRESENT:
ROBERT
U. LAO FE
S. VIDAR
CARLOS
R. DIZON
KATHYRN
A. ZARATE
JULIETA
S. TAÑECA
MARITESS
VIOLETA L. BELTRAN
GLORIA
R. REMIGIO
MA.
CRISELDA B. GUHIT
ABSENT: DINIA M. CHAVEZ, LEONILA I. ESPIRITU
JORGE Z. VILLANUEVA, JUAN D. MANLAPAZ
1. Call to Order
The
President and Chairman of the Board, Mr. Roberto U. Lao
called the meeting to order and presided over the same.
The Secretary, Ms. Kathyrn A. Zarate, recorded the
minutes of the proceedings.
2. Certification
of Quorum
The
Secretary certified that a quorum was present for the
transaction of business by the Board of Directors.
3. Matters arising
from the Recall Notes and Approval
Ms.
Julieta S. Tañeca distributed the Recall Notes on the MCI
Planning Conference held last February 15 to 16, 2002 at
the Brick House, Los Baños.
The Chairman informed the Board that the courtesy call to
Messrs. Pangilinan, Zarate, Vargas and Jimenez will be on
February 28, 2002 starting at 9:30 a.m.
Atty. Guhit informed the Board that for lease of
“The Tent” amounts to P165,000 and the only available
dates are March 11 and 18.
It was agreed that the amount is beyond the budget
of the Club. The
members are requested to scout for a good and inexpensive
venue for the induction night.
The
Chairman also requested all heads of Committees to submit
their 2002 Action Plan.
Ms. Beltran was asked to draft the official
claim form for benefits, to review Pension Plans Option,
interest rates applied to MCI loans, the possibility of
having one insurance company to handle both life and
accident insurance plans and to get data on amount of
benefits given per month.
Mr. Dizon was assigned to update the Clubs’s
website to include all executives in alphabetical order
and according to organizational structure and members of
each committee to be posted in the website. The website should also be regularly updated.
After
discussion, the Board unanimously approved the Recall
Notes.
4.
Sale of Memorial Plan
The
Chairman informed the Board that the Club has an existing
Memorial Plan which it intends to sell in view of the
recommendation that the Memorial Plan benefits given to
members be converted into cash.
After discussion, upon motion duly made and
seconded, the Board unanimously approved the following
resolution:
Resolution
No. 2002-001
“RESOLVED,
as it is hereby resolved, that the Board of Directors of
the Managers Club, Inc. (the “Club”), hereby authorize
the Club to sell the Memorial Plan at such terms and
conditions as may be advantageous to the Club.
RESOLVED
FURTHER, the Mr. Robert U. Lao, President, be authorized
as he is hereby authorized, to negotiate the terms and
conditions of the sale, and to sign and execute all papers
and documents necessary to implement the foregoing.”
5.
Termination of Loan Accommodation with PS Bank and Solidbank
The Chairman informed the Board that the Club has
an existing agreement with PS Bank and Solid Bank for loan
accommodations of members and recommended the termination
of the same. After
discussion, upon motion duly made and seconded, the Board
unanimously approved the following resolutions:
Resolution No.
2002-002
“RESOLVED,
as it is hereby resolved, that the Board of Directors of
the Managers Club, Inc. (the “Club”), hereby authorize
the Club to terminate the Loan Accommodation Agreement
with PS Bank and Solidbank.
RESOLVED
FURTHER, the Mr. Robert U. Lao, President, be authorized
as he is hereby authorized, to sign and execute all papers
and documents necessary to implement the foregoing.”
6.
Souvenir Program
The Board agreed on the following rates for the
Souvenir Program:
|
Whole
page
|
P
5,000.00
|
|
½
page
|
2,500.00
|
|
¼
page
|
1,250.00
|
|
Back
cover
|
10,000.00
|
|
Inside
front cover
|
8,000.00
|
|
Inside
back cover
|
7,000.00
|
|
Patron
|
500.00
|
7.
Invitation from D.M. Consunji
The Chairman informed the Board that D.M. Consunji
is inviting the Board to visit one their condominium
project located around C-5 – Fort Bonifacio.
The Board agreed to the invitation and will be
scheduled on March 7, 2002 at 11:30 a.m.
8.
Amendment to Constitution and By-laws
The
Chairman informed the Board of the recommendation to amend
the Articles of Incorporation of the Club as follows:
(a)
Associate members are qualified to become Board
members;
(b)
Presidents can serve up to a maximum of 2
successive terms;
A question arose on whether a past president can run
again. It was
decided that the answer is no since that would violate the
requirement of “successive” terms.
The Board also agreed that the this amendment shall
take effect only for the next Board members.
(c)
The amount of fixed monthly dues be deleted in the by-laws.
The monthly dues can be increased by the 2/3rd
vote of the Board and a majority vote of the members.
(d)
Fixed amount of calamity benefit, if due to fire – P25,000; if due to
other calamities – P10,000.
Definition of the word “dwelling” as contained
in PLDT’s HR 201 file.
Funeral assistance in a fixed amount instead of
Memorial Plans.
(e)
A ceiling on the separation benefit of P24,000.
(f)
To amend the benefit under Hospital Income.
(g)
To provide for a prescriptive period in claiming benefits.
The
recommendation on the amendments of the benefits is due to
the dwindling resources of the Club and to avoid the
existence of multiple benefits which the members are
already entitled to from PLDT.
Upon
motion duly made and seconded, the Board unanimously
approved the following resolutions:
RESOLVED,
That the Board of Directors of MANAGERS CLUB, INC. (the
"Club") recommends, as it hereby recommends to
the members, for their consideration and approval, the
following proposals:
(a)
Associate members are qualified to become Board members;
(b)
Presidents can serve up to a maximum of 2 terms;
(c)
The amount of fixed monthly dues be deleted in the by-laws.
The monthly dues can be increased by the 2/3rd
vote of the Board and a majority vote of the members.
(d)
Fixed amount of calamity benefit, if due to fire – P25,000; if due to
other calamities – P10,000.
Definition of the word “dwelling” as contained
in PLDT’s HR 201 file.
Funeral assistance in a fixed amount instead of
Memorial Plans.
(e)
A ceiling on the separation benefit of P24,000.
(f)
Amend the benefit under Hospital Income.
(g)
To put a prescriptive period for the availment of the benefits.
(h)
The amendment, for this purpose, of:
1.
Article V, Sections 1.1 and 1.2 of the Articles of Incorporation, which
will now read:
“Section
1. Rights of Members
1.1
Regular and Associate Members
xxx
xxx xxx
1.2
Associate,
Affiliate and
Charter Members
xxx
xxx xxx”
2.
Article VII, Section 2 of the Articles of Incorporation will now read as
follows:
“Section
2. All elective
officers of the Club shall serve office for term of one
year or until such time as their successors shall have
been duly elected and qualified.
No officer who has served as President of the
club shall be eligible for another elective position. No
President shall serve for more than two successive terms.”
3.
Article I, Section 1 of the By-laws will now read as follows:
“Section
1. The There
shall be a one-time membership fee, in addition to
the monthly dues, for new members is increased to
P300.00 from the original P100.00 to keep-up the fee to
the current economic condition. in an amount
to be fixed by the majority vote of the Board.
This is on top of the monthly due of P300.00”
4.
Article I, Section 2 of the By-Laws will now read as follows:
“Section
2. A monthly due of
P300.00 in an amount to be fixed by the Board
shall be collected from each Regular, Associate, Affiliate
and Charter Member at P150.00 which shall be paid
equally every 15th and 30th of each
month to defray the Club’s operating expenses and
premiums of Welfare and Benefit Plans as stated in Article
IV; Member’s Welfare and Benefits of By-Laws.”
5.
Addition of Section 6, in Article I of the By-Laws, to read as follows:
“Section
6. No increase in the
monthly due shall be made unless approved by a 2/3rd
vote of the Board of Directors and a majority of the
members.”
6.
Article III, Section 1 of the By-Laws will now read as follows:
“Section
1. For all Members
and Officers:”
7.
Article IV, Section 1 of the By-Laws will now read as follows:
“Section
1. Calamity
Assistance
1.1
For damage to dwelling due to:
Fire
– P25,000.00
Flood,
lahar, earthquake or typhoon – P10,000.00
1.2
Dwelling refers to the residence address reflected in the Company HR
201 file. The
term “dwelling” also includes properties located
inside the dwelling.
1.3
The claimant member shall be required to present the following:
a.
Written request
b.
Pictures of damage property (front, rear & side views)
c.
Barangay Certificate of the occurrence of calamity.
8.
Article IV, Section 2 shall now read as follows:
“Section
2. Funeral Assistance
2.1
Allotment
Every
qualified member is entitled to funeral assistance up
to three times broken down as follows:
One
(1) – for member (allotment is non-transferable)
Two
(2) – for spouse, children, parents and/or declared
dependents.
2.2
The funeral assistance shall be in an amount equivalent to P40,000.00.”
9.
Delete Article IV, Sections 2.3 and 2.4.
10.
Article V, Section 3 shall now read as follows:
“Section
3. Separation
Benefits
This
benefit shall be granted to a member of good standing at
the time of his/her retirement, resignation or termination
from service. The
benefit (N) shall be computed as follows:
N
= Years of Club’s Membership X Current Monthly Due x 4
but not to exceed P24,000.00”
11.
Article V, Section 6 shall now read as follows:
“Section
6. Hospital Income
6.1
To augment the income of a qualified member while hospitalized due to
illness/accident, he/she is entitled to a hospital
allowance equivalent to P1,000.00 per day beginning on the
31st day of hospitalization but in no case to
exceed P30,000.00.
12.
There shall be a new Section 8, Article V, to read as follows:
“Section
8. Period for claims.
All claims for the foregoing welfare and benefits shall be
filed in due form with the Chairman of the Welfare
Benefits Committee within sixty (60) from the date the
member becomes entitled thereto.
No claim for welfare and benefit shall be
entertained after the expiration of such period.
In all case, the decision of the Board on any claim
shall be the final adjudication on the matter.
RESOLVED
FURTHER, that the foregoing proposals be presented at the
special meeting of the members of the Club, for their
consideration and approval."
9.
Adjournment
There
being no further business to transact, the meeting was
thereupon adjourned.
A
T T E S T:
|
ROBERT
U. LAO
|
KATHYRN
A. ZARATE
|
|
Chairman
of the Board and Director
|
Secretary
and Director
|
|
|
|
|
CARLOS
R. DIZON
|
JULIETA
S. TAÑECA
|
|
Director
|
Director
|
|
|
|
|
GLORIA
R. REMIGIO
|
MA.
CRISELDA B. GUHIT
|
|
Director
|
Director
|
|
|
|
|
MARITESS
VIOLETA L. BELTRAN
|
|
|
Director
|
|
Back
on Top
|
