this story was taken from www.inq7money.net
URL: http://money.inq7.net/topstories/view_topstories.php?yyyy=2006&mon=04&dd=08&file=9
Stock exchange elects new board this Saturday
Posted: 2:01 AM | Apr. 08, 2006
Inquirer
THREE groups are vying for control of seven seats reserved for stockbrokers on the board of the Philippine Stock Exchange (PSE) in elections to be held this Saturday, Inquirer sources said.
The exchange is holding its annual general meeting and will elect 15 board members -- seven stockbrokers and eight from the private sector.
Veteran broker Vivian Yuchengco has teamed up with fellow incumbent board member William Ang of Astra Securities Corp., Myron Timothy Papa of Papa Securities, and Francisco Villaroman of Securities Specialists Inc.
A second group, earlier associated with former PSE chairperson Alicia Rita Arroyo, is also expected to get votes from the ATR Kim Eng group and blue chip Philippine Long Distance Telephone Co. (PLDT). These are PSE director and Citiseconline.Com president Conrado Bate, Alejandro Yu of R.S. Lim & Co., and Rodolfo Cruz of HK Securities.
Independent broker candidates are expected to be a "third force" in the elections. These are incumbent director Robert Coyiuto Jr., Eddie Gobing of Lucky Securities, Marita Limlingan of Regina Capital, and Joseph Roxas of Eagle Equities.
Four candidates are being backed by institutions for three seats reserved for independent directors: Anabelle Chua of PLDT, Amor Iliscupidez of blue chip San Miguel Corp., Roy Joseph Rafols to represent the interests of the state-run pension fund Government Service Insurance System, and Robert Atendido for market participants endorsed by the Financial Executives Institute of the Philippines and the Investment Houses Association of the Philippines.
Independent candidates are incumbent chairman Jose Vitug and incumbent directors Cornelio Peralta and Jose Luis Javier.
PSE president Francis Lim is also nominated to continue as president and director. With INQ7.net
No comments:
Post a Comment