Meralco promotes the interest of all its stakeholders and implements a transparent framework and process that allows them to communicate with the Company and obtain redress for any violation of their rights.
In this regard, Meralco commits to strengthen stakeholder engagement touch points in the Company such as the Investor Relations Office, Office of the Corporate Secretary, Customer Relations Office, and Corporate Communications Group to ensure proactive involvement of Meralco shareholders, customers, employees, community and other stakeholders in the attainment of the Company’s strategic objectives:
Shareholders are provided with adequate facilities through they can exercise their rights and communicate with the Company for the resolution of shareholder concerns.
Right to Information
The Corporate Compliance Office ensures shareholder engagement with the Company even beyond the Annual Stockholders’ Meeting by providing them with accessible channels through which timely, fair, and accurate disclosures of material information affecting their shares are made and through which concerns on their share may be addressed.
The officers of the Company, led by the Chairman and the President and CEO, with the CFO, Investor Relations and other officers, present information on performance results, business progress, industry trends, impact of external factors, and regulations to shareholders, analysts, investors, and media every quarter during the investors briefing and teleconference, as well as the media briefing. Presentation materials used in these meetings are posted on the Company’s website
https://company.meralco.com.ph/investor-relations/quarterly-reports to ensure comprehensive information dissemination to all stakeholders and investors, including those who were not able to participate in the briefings.
Schedule of analyst and media briefings are posted at http://www.meralco.com.ph/investor-relations/calendar-of-events
Press Releases can be found at http://www.meralco.com.ph/investor-relations/press-releases
Shareholder information, including share prices, financial results of the Company and top 20 stockholders of the Company are found in https://company.meralco.com.ph/investor-relations while Company disclosures which may affect share prices are found in https://company.meralco.com.ph/company-disclosures/sec-filings.
Right to Vote and Participate Effectively
It is the policy of the Company to encourage shareholders, including institutional and minority shareholders, to attend and actively participate in stockholders’ meeting.
Shareholders are given Notice and Agenda of the Annual Stockholders Meeting, or ASM, at least twenty-eight (28) working days before the said meeting. ASM Notices are posted in https://company.meralco.com.ph/company-disclosures/notice-of-annual-or-special-stockholders-meetings
Proposals for Agenda Items and Special Stockholders’ Meeting
In accordance with the Revised Manual of Corporate Governance, the Board affords shareholders the right to propose the holding of meetings and to include agenda items ahead of the scheduled Annual and Special Shareholders’ Meeting. Proposals for agenda items and for the holding of special stockholders meeting may be sent to the Corporate Governance Office through email@example.com. Proposals shall be evaluated by the Nomination and Governance Committee and/or endorsed to the Board of Directors for its review and/or approval.
Call for Nominations to the Board of Directors
The Company’s Nomination and Election Policy was issued to set forth the procedures in the director selection process, including the acceptance of nominations from minority shareholders and the evaluation and screening of nominees vis-à-vis the applicable qualifications and disqualifications set forth in the Company’s Revised Manual of Corporate Governance, By-laws and other applicable law, policy or regulation, how the board shortlists candidates, and an assessment of the effectiveness of the Board’s processes in the nomination, election or replacement of a director.
To allow minority shareholders to nominate candidates to the Board of Directors, Meralco submits a call for nomination to the Securities and Exchange Commission (SEC) which is also published in the website for public notice.
8th Floor, Lopez Building, Ortigas Avenue, Brgy. Ugong, Pasig City, Philippines
Tel: (+632) 1622-2798; Mobile: 09088661670