MINUTES OF THE THIRD (3RD) REGULAR … 2017/03.pdf · RA 2017 RA 2016 Minutes 03-19-2016 Page 3 of 17 2. Whether it is a General Assembly or Representative Assembly, the members will

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RA 2016 Minutes 03-19-2016 Page 1 of 17

MINUTES OF THE THIRD (3RD

) REGULAR REPRESENTATIVE ASSEMBLY

OF THE PLDT EMPLOYEES CREDIT COOPERATIVE

HELD ON MARCH 19, 2016 AT FUNCTION ROOM 5, 2ND

FLOOR, SMX CONVENTION CENTER,

SEASHELL LANE, MALL OF ASIA COMPLEX, PASAY CITY

PRESENT:

BOARD OF DIRECTORS

GERARDO M. RODRIGUEZ AUDIT COMMITTEE

Chairperson - Presider

FRANCIANA G. GOSE

PEDRO N. PINLAC Chairperson

Vice-Chairperson

CARLOS P. GARCIA

EDGARDO S. MARQUEZ Vice Chairperson

Director

MARIA ISABELITA C. NAIG

EDUARDO C. MIRANDA Secretary

Director

NOEL P. SANTOS ELECTION COMMITTEE

Director

TRINIDAD G. MAYONTE

JESUS L. SIY Chairperson

Director

MARIO D. SORIANO, JR BIENVENIDO V. GATCHALIAN, JR.

Director Vice Chairperson

SECRETARY TREASURER GENERAL MANAGER

BENJAMIN O. DOROSAN ALVIN P. SANTOS JULIUS R. USON

CREDIT COMMITTEE

EMILYN M. LIM / PERLA P. GONZALES / LEONCIO I. ORGA

EDUCATION AND TRAINING COMMITTEE

FREDERICK C. ALEMANY / ALEXANDER M. CASAS / JOHNATHON G. ESTABILLO /

ROSALINA C. FLORENTINO / FREDERICK B. JUAN / ELMER C. LINTAG / SERGIO P. NAVARRA

/ ETHEL A.. SORIANO

MEDIATION AND CONCILIATION COMMITTEE

NICK JOSE S. ENCARNACION / RAMON A. FLORIA / ANGELITO G. OBRA

ETHICS COMMITTEE

DENNIS JOSE I. DONATO / CZAR CHRISTOPHER S. LOPEZ

APPEALS & GRIEVANCE COMMITTEE

ORLANDO A. MANIKAD / TITO R. VELASCO, JR. / ZOILO M. SAMBALILO, JR

Social & Community Development - TWG

HERMOGENES M. ESTOLANO / FRANKLIN O. FABELLA / DENNIS P. MACAPAGAL /

ERNEST ROLAND D. MENDOZA / FERDINAND O. VILLANUEVA / AR-JAY P. CRUZ /

JOEL J. SARMIENTO

Members Satisfaction – Business & I.T. Development - TWG

RIZALYN C. ANGELES / RICHELLE L. BUGUIS / EROL P. OBRIQUE / MA. VERNICE S. SAWAL

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Asset & Benefits Management - TWG

ROGER JOHN R. ABAD / SOTERO C. LOPEZ / ESCLAVIER S. RAMOS

OPENING CEREMONIES

At 8:45AM, the Emcee, requested all Representatives to settle in their assigned seats for the start of the Third

(3rd

) PECCI Regular Representative Assembly. Then, the members of the Technical Working Groups and appointive

Committees were introduced by requesting them to stand to be re-cognized. The members of the elective Committees

were introduced individually consisting of the Election Committee and Audit Committee. This was followed by the

individual introduction of the members of the Board of Directors, Treasurer, Board Secretary and General Manager as

they proceeded to the Presidential Table.

Then, the Emcee requested everyone to stand for the invocation led by the General Manager, JRUson and the

Cooeprative Prayer led by the Vice Chairperson, PNPinlac. This was immediately followed by the singing of the

Philippine National Anthem.

At this point, the Audit Committee Chairperson, FGGose announced and presented the candidates for the

members of the Election Committee as follows:

1. Abad, Roger 4. Crispino, Ramon 7. Magana, Sonney Boy 10. Sarte, Robert

2. Agapito, Reynaldo 5. Gatchalian Jr., Bienvenido 8. Magno, Clyde 11. Velasco, Tito

3. Apilado III, Apolinario 6. Lorenzo, Rafael 9. Mayonte, Trinidad

Then, the Emcee requested Ms. Ethel Soriano and Alexander Casas to take over as Emcees for the presentation

of the 2015 PECCI’s PRIDE AWARDEES.

Before proceeding to the awarding ceremonies, the 2015 PECCI’s Pride Awardees Emcees Ethel Soriano and

Alexander Casas provided a brief background about “PECCI’s Pride Award”. The award was conceptualized in 2014 by

the Board of Directors through the Education and Training Committee (EDCOM) to give due recognition to members

who have lived up to the ideals of cooperativism thru consistent savings, thrift and wise use of credit or loans. There are

three (3) categories for the five (5) regions nationwide namely:

Most Consistent Saver Award

-An award given to a member who has consistently saved without fail for the past year.

Most Improved Member Award /Level Up Award

- An award given to a member who was able to manage his/her loans or debts and showed remarkable

improvement in credit standing to be financially stable.

Most Successful Loan Availer Award

-An award given to a member who was able to achieve financial independence thru the wise use of

money obtained thru PECCI loan/s thereby making a difference and uplifting the life of his/her family.

Then, Ms. Ethel Soriano requested the Board of Directors headed by the Chairperson, GMRodriguez to do the

honor of giving the awards with the CDA-Manila Extension Office Regional Director, Hon. Nonie I. Hernandez joining

and assisting in the awarding ceremonies for the following awardees:

During the awarding ceremonies, the PECCI’s Pride Awardees” were “serenaded” by Mr. John Lesaca with his

songs and playing of violin to the delight of the Assembly.

Then, the Board of Directors headed by its Chairperson, GMRodriguez formally recognized and presented to

the Assembly the “2015 PECCI’s Pride Awardees” and gave them a warm applause and a wishful message that “May they

serve as our models in fulfilling the values and enhancement of the life of each and every member. Congratuations!”

At this point, the Chairperson formally introduced and presented the two (2) distinguished guests in the persons

of CDA-Manila Extension Office, Regional Director, Hon. Nonie I. Hernandez and entertainer, Mr. John Lesaca. Upon

request of the Chairperson for a brief message, the Regional Director, Hon. Nonie I. Hernandez gave her message and

highlighted the following:

1. Congratulated everyone for attending the Representative Assembly which is a very

important event in any cooperative.

Most Consistent Saver Award Most Improved Member / Level Up Award Most Successful Loan Availer Award

NAME LOCATION NAME LOCATION NAME LOCATION

1. Ma. Teresa Letrero GMM 1. Gilbert Asuncion GMM 1. Ronna Tejada GMM

2. .Ronald Ocampo North Luzon 2. Ismael Cortina North Luzon 2. Maricel Mitra South Luzon

3. Herbert Manuel Pilar South Luzon 3. Rolando Esguerra South Luzon 3. Lani Huilar Visayas

4. Reynante Delgado Visayas 4. Rolito Lorio Visayas 4. Godofredo Tan Mindanao

5. Albino Vallente Mindanao 5. Juliet Bacus Mindanao

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2. Whether it is a General Assembly or Representative Assembly, the members will give their

mandate to the Officers and elect the Officership.

3. The Officers present the plans and once approved by the Assembly, they are no longer the

plans of the Officers but the Cooperative.

4. There are now thirty two (32) billionaire cooperatives nationwide and PECCI belongs to the

circle of “Billionaire Cooperatives”

5. PECCI’s Pride Awards are testimonies and examples of “helping each other” become

successful entrepreneur which is a good vehicle for economic development.

The Chairperson further awarded Plaque of Recognition for the two(2) distinguished guests namely: Hon. Nonie

I. Hernandez and Mr. John Lesaca. The SGV Partner, Ms. Marydith Miguel and SGV representatives were also

introduced and recognized.

The Chairperson, GMRodriguez formally and officially took over as Presider and welcomed all the Officers,

Representatives and all attendees present in the Assembly. His message and welcome remarks are hereby quoted in full as

follows:

On behalf of the Board of Directors… Magandang umaga po sa inyong lahat… Magandang umaga po sa ating lahat… Honorable Nonie Hernandez, Regional Director of CDA Manila Extension Office….Our guest from Sycip Gores Velayo and Company...Ms. Marydith Miguel and her Partners… sa ating mga delegado from North and South Luzon…., Visayas…. and Mindanao……, Metro Manila…., Non-Payroll…., PLDT subsidiaries, sa mga awardees, sa ating guests, sa ating Technical Working Groups at Committees, sa ating Board of Directors and Officers, ang ating ever supportive PECCI Staff and our General Manager.

Salamat po sa inyong pagdalo……Welcome to the 3rd PECCI Regular Representative Assembly!!!........ Masaya po ba ang lahat………

Masaya po ba ang lahat……… “ WINNING 2015 BEYOND EXPECTATIONS TOWARDS COOPERATIVE TRANSFORMATION” ….Is our theme today…. 2015 was a very challenging year where almost 500 members opted to terminate their membership due to mostly retirement in PLDT and subsidiaries and a loss of 15 members - resulting to an opportunity loss in terms of potential income for the year. As of December 2015…. we have a total of 9,443 members. Inspite of the pressing situations, we were able to keep our cooperative alive and in robust position. As of end of 2015,……we are now a Php 4.2 Billion Cooperative with a growth rate of 24% compared with the same period in 2014.…This is an indication of immense Trust and Confidence by our members who patronize our products and services continuously. 2015 was also remarkable and historical… This was the year where we recorded the highest gross revenue of 405M, 25% higher than the same period last year….which resulted to a Net Surplus of Php 222M, a 40% increase compared in 2014… Again, we made history, as this is the highest Gross Revenue and Net Surplus recorded., not only in the past five (5) years but in the 57 years of Pecci’s existence. Mga kasama sa kooperatiba…. we have reasons to celebrate… We have reached a major milestone,… ang PECCI po ay 57 years old na,…. at nananatiling malakas,….. matatag….. at higit lahat …. PECCI is more responsive than ever to the needs of our members. Again, we have proven our competences and capabilities as one cooperative…….. Pasalamatan po nating lahat ang buong miembro ng ating cooperatiba for all the achievements, for all the awards, sa lahat ng pagtitiwala at supporta ng lahat ng miembro at ng ating kommunidad na ating sinisilbihan in terms of social and community services. More than the revenue, net surplus, awards and achievements, we want PECCI to be the driver in leading our members to be self-reliant, financially secured and most of all to be the model in spreading the true essence of cooperativism and model in the implementation of social responsibility initiatives throughout the country. We as DRIVERS… iisa lang po dapat ang ating manubela… iisa lang po and ating tinatahak na daan… sama sama tayo … we are one to the same road to success… walang iwanan, walang turuan…. walang sisihan. Tulong tulong…tayo at tayo…. hindi kami ……at lalong hindi ako…. at the end of the race….gusto natin na si PECCI ang palaging WAGI !….agree po ba tayo dito…… agree po ba tayo dito.. 2016 is another year of challenges. Isa na dito ang CBP issue a flashback of Year 2015. Totoo po na nagkaroon ng lapses in timely disseminating the information to our members..However your Board of Directors immediately acted by conducting pre RA orientation cascading the detailed explanations on CBP with different sectors. The cascade had reached almost 70% of our delegates and the long and winding productive discussions resulted to an enlightenment of what the issue is all about. This only shows that PECCI is run with transparency and integrity. Salamat po sa inyong pagunawa. Inuulit ko po… maraming salamat sa inyong pagunawa sa inyong Board of Directors and officers. We need to work together towards PECCI transformation. Aside from the Financial Performance target….. …. There is much work to be done in consistently implementing our strategic plan to position PECCI to ensure stability, healthiness and sustainability of our cooperative… gusto po natin ay tumagal pa ng another 57 more years ang ating cooperatiba. Gusto po ba natin na tumagal pa ng 57 years….. We will forcefully implement with priority the three important needs to push our Strategic Plan.

1. (or First) We have invested to new financial system. This is what we call PECCI AIMS - Accounting Information Management System. To ensure the reliability of our application and operating system with capability of online interactive transactions and of course to serve our members with prompt quality service and information with integrity.

2. (or Second) We have invested to new technology on customer contact ensuring enhance and improve customer experience to be

realized by each and every member once we engage with our customer service.

3. (or Lastly) Full implementation, compliance and monitoring of the systems procedure & processes and internal controls guided by our Operations and accounting Manual a complete compliance required by the RA 9520.

Other plans would be presented by our Audit Committee before this assembly.

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While boarding on these initiatives, PECCI shall remain conservative; we will manage our cooperative with utmost calculated risks and we will never get into HIGH risk uncontrollable challenges. At this point…..I call on each and every one in this assembly, specially our board of directors and officers our PECCI staff, our General Manager…..to challenge the road to success …Magbuklod Buklod tayo …hawak kamay…. Upang isulong ang ating iisang layunin….to make PECCI GREAT and REMAIN always a WINNER in the coming years. Maraming Salamat po… Mabuhay ang PECCI!!!

ACKNOWLEDGEMENT OF REPRESENTATIVES

The Chairperson directed the Secretary, Benjamin O. Dorosan to welcome and acknowledge all Representatives

from Metro Manila and Provincial areas.

The Secretary welcomed and acknowledged all the Metro Manila Representatives and most especially the

Provincial Representatives who traveled all the way from far away places just to attend the Assembly. He further

emphasized that there were 1,051 elected Representatives for the Third (3rd

) PECCI Regular Representative Assembly

who were representing members from the various sectors or groups of PECCI membership.

ASSEMBLY PROCEEDINGS AND ORDER OF BUSINESS

1. PROOF OF DUE NOTICE AND ORDER OF BUSINESS OF THE THIRD (3rd

) PECCI REGULAR

REPRESENTATIVE ASSEMBLY

The Third (3rd

) PECCI Regular Representative Assembly formally started with the Chairperson requesting

the Secretary for proof of due notice and the sending out of Notice and the Order of Business of the Third (3rd

)

PECCI Regular Representative Assembly to the Representatives. The Secretary declared and manifested that the

Notice and Order of Business and supporting documents for the Third (3rd

) PECCI Regular Representative

Assembly were sent electronically thru E-mail to the Representatives on three (3) occasions i.e. on March 3, 2016,

March 5, 2016 and March 14, 2016 with ninety percent (90%) of the Representatives confirming actual receipt . The

RA documents were also posted in the PECCI website and supplemented by manual distribution to the

Representatives of the Assembly Kit containing the RA documents.

There was full compliance with the notice requirement of the amended PECCI By-Laws.

2. DETERMINATION OF QUORUM AND CALL TO ORDER

Upon request of the Chairperson for the determination of a quorum, the Secretary declared and confirmed

that as of 9:00 AM, there were seven hundred ninety one (791) Representatives who have registered representing

seventy five percent (75%) out of the total 1,051 elected Representatives which already constituted a quorum.

After the Secretary had determined and confirmed the presence of a quorum and there being proof of due

notice to the Representatives, the Chairperson formally called the Third (3rd


Assembly open and in session at 9:50 a.m..

3. CONSIDERATION AND APPROVAL OF THE ORDER OF BUSINESS OF THE THIRD (3RD

)

PECCI REGULAR REPRESENTATIVE ASSEMBLY

The Chairperson solicited for motion for approval of the Order of Business of the Third (3rd

) PECCI

Regular Representative Assembly as presented. Then, Representative Remigilio Teodosio moved for its approval

and adoption which was duly seconded by Representative Zenaida Reyes and there being no objection, the

Assembly approved and adopted the Order of Business of the Third (3rd


Assembly as presented.

The Chairperson formally declared and confirmed the approval and adoption of the Order of Business

of the Third (3rd

) PECCI Regular Representative Assembly as presented and for implementation.

4. CONSIDERATION AND APPROVAL OF THE STANDING RULES OF THE THIRD (3RD

) PECCI

REGULAR REPRESENTATIVE ASSEMBLY AND COMMENCEMENT OF THE ELECTION FOR

THE MEMBERS OF THE ELECTION COMMITTEE.

The Chairperson solicited comments and motion for approval of the Standing Rules of the Third (3rd

)

PECCI Regular Representative Assembly and the commencement of the Election for the members of the

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Election Committee. He likewise emphasized that the same “Standing Rules” for approval were previously

approved and adopted during the past three (3) Representative Assemblies.

Then, Representative Noemi Covacha moved for the dispensing with the reading and consequent

approval and adoption of the “Standing Rules” of the Third (3rd

) PECCI Regular Representative Assembly which

was duly seconded and without objection from the Assembly.

The Chairperson formally certified the approval and adoption of the Standing Rules of the Third (3rd

)

PECCI Regular Representative Assembly and directed the Audit Committee to now start with the proceedings

for the election of the members of the Election Committee.

5. CONSIDERATION AND APPROVAL OF THE MINUTES OF THE SECOND (2ND

) PECCI

REGULAR REPRESENTATIVE ASSEMBLY HELD ON MARCH 28, 2015

The Chairperson presented to the Assembly the Minutes of the Second (2nd

) PECCI Regular

Representative Assembly held on March 28, 2015 for comment, correction, approval and/or adoption.

Then, the Chairperson requested the Secretary to read the minutes. The Secretary promptly obliged and

started reading the Minutes which was momentarily interrupted because of the motion of Representative

Flordeliza Acosta for dispensing with the reading of the Minutes and further moved for its approval since

copies of the minutes were distributed in advance. This was duly seconded by Representative Elisa Alemany

without objection from the Assembly.

On this basis, the Chairperson formally confirmed the approval and adoption of the Minutes of the

Second (2nd

) PECCI Regular Representative Assembly held on March 28, 2015 as presented and without

correction.

6. CONSIDERATION AND APPROVAL/ACCEPTANCE OF THE MANAGEMENT AND

COMMITTEE REPORTS COVERING THE FOLLOWING:

6.1 CONSIDERATION AND ACCEPTANCE OF THE AUDITED PECCI FINANCIAL

STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015.

At this juncture, Representative Virgilio Hernandez was recognized and raised the issue on why the

Independent Auditor’s Report was not signed.

In response to the request of the Chairperson, SGV Partner, Ms. Marydith C. Miguel explained as

follows:

1. In 2012, the audited PECCI Financial Statements contained lots of qualifications that

threatened the very existence of PECCI.

2. This went on up to 2014.

3. Thanked the PECCI Officership for exerting efforts to remove the qualifications.

4. It turned out, however that what was implemented was not the same what was approved in

the 2015 Representative Assembly.

5. SGV came up with a recommendation for the amendment of the CBP Implementation Plan.

6. In behalf of SGV & Company, she would be ready to sign with a clean opinion once the

2015 audited Financial Statements is approved by the Third (3rd

) PECCI Regular

Representative Assembly.

On this basis, Representative Virgilio Hernandez accepted the explanation of SGV Partner, Ms.

Marydith C. Miguel and thanked her for commiting to sign the audited 2016 PECCI Financial Statements.

Then, the Chairperson directed the Chairperson of the Audit Committee, Ms. Franciana F. Gose to

report and present and accordingly presented the highlights of the PECCI Financial Statements for the

comparative years 2015 and 2016 as audited by SGV & Company as follows:

a) Statements of Financial Position

1. Total Assets increased from P3.4 Billion to P 4.2 Billion or a 24% ( P 820,965,209) increase

due to the following reasons:

6% ( P 188,513,976) increase in cash and cash equivalent

15% ( P 517,508,887) increase on loans receivables

14% ( P 114,942,346) increase on short-term deposits

It may be noted that 2015 was a milestone year for PECCI because for the first time in PECCI

history, its Total Assets reached to P4.2 Billion.

b) Loans and other Receivables

Increased from P 3.054 Billion in 2014 to P 3.6 Billion in 2015

The increase of 17% or P 517,508,887 was due to loan releases of PLAR/LML/RPL,

One Time Big Time, the enhanced CAR loan and the continuous patronage of other

regular loans that PECCI is offering.

c) Savings Deposit

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Increased from P 2.053 Billion in 2014 to P 2.65 Billion in 2015

The increase of 29% or P 596,982,925 was due to the deposits of members who availed

of the MRP.

d) Paid-Up Share Capital

Increased from P 925 Million in 2014 to P 1.094 Billion in 2015

Increase of 18% or P 169,851,863 was due to additional investments by members.

e) Statements of Net Surplus for the years ended December 31, 2015 and 2014.

f) Revenue

Increased from P 325 Million in 2014 to P 450 Million in 2015 or an increase of 25% or P

80,283,274. The increase was mainly due to increase of loan releases and collections due to

MRP.

g) Expenses

Increased from P 166 Million in 2014 to P 183 Million in 2015 or an increase of 10% or P

17,071,282. The increase was mainly due to increase of Financing cost (interest expense) of the

deposits of members who availed of the MRP

h) Net Surplus

Increased from P 159 Million in 2014 to P 222 Million in 2015 or an increase of 40% or

63,211,992. This is the highest Net Surplus in PECCI history.

After her presentation, the Chairperson of the Audit Committee moved for the acceptance and

adoption of the 2015 PECCI Financial Statements, the Notes to Financial Statements and the Independent

Auditor’s Report including the confirmation of dues or receivables from members as disclosed under Note 14 as

audited by Sycip Gorres Velayo and Company. This was duly seconded by Representative Elisa Alemany and

there being no objection, the Assembly accepted and adopted the Financial Statements of the PLDT Employees

Credit Cooperative (PECCI) for the year ended December 31, 2015 including the Notes to Financial Statements

and the Independent Auditor’s Report including the confirmation of dues or receivables from members as

disclosed under Note 14 as audited by SGV & Company.

6.2 ENGAGEMENT OF AN EXTERNAL AUDITOR FOR THE AUDIT OF THE 2016 PECCI

FINANCIAL STATEMENTS

Upon request of the Chairperson, the Chairperson of the Audit Committee presented and explained the

outstanding professional credentials and integrity of SGV and Company supplemented by the following

justifications:

1. SGV is accredited by the Cooperative Development Authority.

2. SGV has the edge in the field of auditing being the largest and leader among the professional services

firms in the country.

3. SGV has ISO9001 Certification for Financial Assurance Services which it has maintained since 1996.

4. SGV has been engaged as PECCI’s External Auditor since 2012.

5. With SGV’s familiarity, sufficient knowledge and experience on PECCI’s cooperative business,

SGV matched PECCI’s need for good, effective and efficient audits.

The Chairperson of the Audit Committee accordingly moved for approval of the re-engagement of SGV

and Company as External Auditor of PECCI for the audit of the 2016 PECCI Financial Statements which was

duly seconded by Representative Elisa Alemany without objection from the Assembly.

The Chairperson formally declared and confirmed the engagement of SGV & Company as External

Auditor for the audit of the 2016 PECCI Financial Statements. The Chairperson requested the SGV Partner, Ms.

Marydith Miguel and other SGV Representatives to stand up to be recognized by the Assembly.

6.3 CONSIDERATION AND APPROVAL OF THE CDA MANDATORY REPORTS

Upon request of the Chairperson, the Secretary of the Audit Committee, ICNaig, presented and

highlighted the CDA mandatory reports consisting of the following:

1. 2015 PECCI COOPERATIVE PERFORMANCE REPORT (CPR)

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2. 2015 PECCI COOPERATIVE SOCIAL ACTIVITY REPORT (CSAR)

After her presentation, the Secretary of Audit Committee forthwith moved for acceptance and

adoption of the two (2) CDA mandatory reports which was duly seconded by Representative Abbey Charles

Gawaran. After it was moved and seconded and there being no objection, the Assembly accepted and adopted

the two (2) CDA mandatory reports for submission to the Cooperative Development Authority-Manila

Extension Office.

The Chairperson formally declared and confirmed the acceptance and adoption of the CDA mandatory

reports for submission to the Cooperative Development Authority -Manila Extension Office consisting of the

following:

1. 2015 PECCI Cooperative Performance Report (CPR)

2. 2015 PECCI Cooperative Social Activity Report (CSAR)

6.4 & 6.5 CONSIDERATION AND ACCEPTANCE OF THE REPORT OF

“ACCOMPLISHMENTS ON THE 2015 PECCI STRATEGIC AND DEVELOPMENT PLANS”

AND APPROVAL OF THE PROPOSED “FIVE (5) YEAR PECCI STRATEGIC AND

DEVELOPMENT PLANS”

In response to the request of the Chairperson, the Vice Chairperson of the Audit Committee, CPGarcia

presented and highlighted the “Report of Accomplishments on the 2015 PECCI Strategic and Development Plans”

supplemented by a video presentation and the “Five (5) year PECCI Strategic and Development Plans”.

After his presentation and upon motion for acceptance of the 2015 accomplishment reports and approval

of the Five (5) Year Strategic and Development Plans which was duly seconded by Representative Teresa Luna and

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there being no objection, the Assembly accepted and adopted the “Report of Accomplishments on the 2015 PECCI

Strategic and Development Plans” and likewise approved and adopted the “Five (5) Year Strategic and Development

Plans” as presented.

The Chairperson formally declared and confirmed the acceptance and adoption of the accomplishments

on the 2015 PECCI Strategic and Development Plans as follows:

ACCOMPLISHMENTS ON THE 2015 PECCI STRATEGIC AND DEVELOPMENT PLANS

(ACCEPTED/ADOPTED DURING THE THIRD (3RD

) PECCI REGULAR REPRESENTATIVE ASSEMBLY ON MARCH 19, 2016 )

I. COOPERATIVE MANAGEMENT AND GOVERNANCE

1. 100% completion and implementation of PECCI’s Operations Manual.

2. Continuous development and values enhancement for officers, members and staff to wit:

Lakbay Aral

Avon Livelihood Seminar

Baguio Financial Literacy Seminar

3. Sustained information drive and campaign for membership with PLDT Company and its

subsidiaries & affiliates which generated 485 additional new members during the year.

II. PRODUCT DEVELOPMENT

1. Pending approval of the Cooperative Development Authority (CDA) amending the name and

structure of PECCI as a Financial and Consumer Cooperative.

2. Increase in collection rate.

3. Increase in revenue by 25% mainly due to:

“One Time Big Time Loan” and enhanced “Car Loan”

Increase in Loan Matrix

Change and implementation of Cash Management Strategies

Membership support and patronage

III. SOCIAL DEVELOPMENT

1. EDUCATION

a. Donated School Building for Bagtingon Elementary School, Buenavista,

Marinduque

b. Donated school supplies for Brgy. Camias, Porac, Pampanga

c. Seminars on “Bookeeping for Non-Accountants” and “4th

Teacher’s IT Sustainability

and Literacy Program.”

d. 11 out of 12 PECCI scholars graduated from their chosen fields in Don Bosco,

Naga City

2. HEALTH

a. “Libreng Tuli” held at Potrero in Malabon City

b. City of Bacoor Cooperative Development Council Medical Mission.

3. LIVELIHOOD

a. Meat Processing plus Amplaya Pickles Seminar

b. Donated seeds and farming tools for the Aeta community at Brgy. Camias, Porac,

Pampanga

c. Loon, Bohol Soap Making Seminar

d. Mambusao, Capiz Mushroom Culture Seminar

4. SPORTS

a. Philippine U14 Boys National Football Team

b. Basketball items for Barangay 587, Zone 58, Sta. Mesa, Manila

5. FINANCIAL ASSISTANCE

a. Don Bosco Youth Center, Tondo Parish

b. 15 Members’ Death Beneficiaires

In the same manner, the Chairperson formally declared and confirmed the approval and adoption of the

Five (5) Year PECCI Strategic and Development Plans as follows:

FIVE (5) – YEAR PECCI STRATEGIC AND DEVELOPMENT PLANS

(APPROVED DURING THE THIRD (3RD

) PECCI REGULAR REPRESENTATIVE ASSEMBLY ON MARCH 19, 2016)

I. MEMBERSHIP

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1. Expand membership to other companies under the Metro Pacific Investment Corporation

(MPIC)Group

2. Enhanced Retention of Retiring Employees Program

II. PRODUCT DEVELOPMENT

1. Membership Survey

2. Feasibility Studies and Business Plans

3. Collaborate with local and international cooperatives and other business establishments for joint

ventures

4. Marketing Expertise Acquisition Program

5. Consumer and Non-loan Financial Services System

III. ORGANIZATION

1. Operating Systems Automation Program

2. Customer Satisfaction Rating Program

3. Performance Enhancement Program

4. Succession Program

5. System for Timely Resolution of Conflicts

6. Employee Skills Development Program

IV. EDUCATION

1. Training Needs Analysis

2. Financial Literacy and Livelihood Skills Development Program

V. SOCIAL AND COMMUNITY DEVELOPMENT

1. Institutionalized Social Responsibility Program

2. 2016 Projects Line-Up:

c. Creation of a Cooperative for Brgy. Camias, Porac, Pampanga

d. Conduct two (2) Livelihood Programs

e. Sepaktakraw sponsorship

f. Parañaque Mangrove Planting

g. Flu Vaccination

h. Potable Water System for Pampanga

i. HIV Awareness Seminar

j. Maternal Health Seminar

k. Visit the home for the aged in Antipolo City

l. Feeding Program for children in Cottolengo Filipino

m. IT Sustainabilty & Literacy Classes in Cebu

n. Enhanced IT Training Class and Teachers’ Treasure Chest in Pangasinan

o. Enhanced IT Training Class in Manila

p. Teachers’ Treasure Chest with 2G in Manila

q. K to 12 ( Vocational Courses Tools)

r. Don Bosco Vocational Scholarship Grant

s. Marinduque School Inaguration and Livelihood Seminar

t. Financial Assistance for Death Beneficiaries

6.6 CONSIDERATION AND APPROVAL OF THE PROPOSED 2016 PECCI BUDGET

In response to the request of the Chairperson, the Treasurer, Alvin P. Santos presented and explained

the big ticket items and the corresponding reasons and justifications for the Proposed 2016 PECCI Budget.

He highlighted, among others, the following:

a) The projected Gross Revenue is Php 424,679,725 million or 5% higher than the actual Gross

Revenue of Php 405,172,972 in 2015.

b) Out of the projected Gross Revenue of Php 424,679,725 million, 88% or P 371,598,254 million

would be derived from “Interest Income from Loans” and 13% or Php 53,081,471 million would

be derived from “Service Fees, Fines, Penalties and other Income”.

c) The projected operating expense is Pho 193,939,116 million or 6% higher than the actual

operating expenses of Php 182,995,039 in 2015.

After the 2016 PECCI Budget was moved for approval by the Treasurer and duly seconded by

Representative Roger John Abad without objection from the Assembly, the Chairperson formally declared and

certified the approval of the 2016 PECCI Budget by the Assembly as presented and for implementation.

6.7 RATIFICATION OF THE 2015 AND 2016 BOARD RESOLUTIONS WHICH WERE

PASSED AND APPROVED BY THE PECCI BOARD OF DIRECTORS BASED ON THE

“SUMMARY”

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In response to the request of the Chairperson, the Secretary presented and highlighted the 2015 and 2016

Board Resolutions for ratification by the Assembly. Quoted hereunder is the explanation of the Secretary:

“As Board Secretary, I prepared individual Board Resolutions which support and document the decisions of

the Board of Directors during Regular and Special Board Meetings totaling 119 Board Resolutions which are self-

explanatory as presented and detailed in the “Summary” transmitted to your individual E-mail and posted in the

PECCI Website. They are substantial in number because of the numerous operation, regulatory, legal, political, social

and other important concerns and issues that required Board action and decision in 2015 and part of 2016. I further

attest to the correctness of said Board Resolutions. Mr. Chairperson, I respectfully move for the ratification of these

Board Resolutions by this Assembly.”

Acting on the motion of the Secretary for approval and ratification of the 119 Board Resolutions which

were passed and approved by the Board of Directors in 2015 and part of 2016, Representative Alexander Casas

seconded the motion. Hearing no objection, the Chairperson certified that the One Hundred Nineteen (119)

Board Resolutions which were presented and detailed in the “Summary” were ratified, approved and adopted

by the Third (3rd

) PECCI Regular Representative Assembly.

At this point, the Chairperson recognized Representative Virgilio Hernandez who sought clarification

on the nature and purpose of the Board Resolutions presented as Item 104 ( 8th

SB 2016-02(03)-08) and Item 105

(8th

SB 2016-02(03)-09) in the “Summary”.

The Chairperson directed the Vice Chairperson, PNPinlac to clarify and explain and accordingly clarified

and explained as follows:

1. TELESCOOP is the Building Adminstrator of the PLDT Cooperatives Building.

2. There were arrears on realty taxes of almost P 2 million and the building is already for auction,.

3. As co-owner, “kasalanan nating dalawa” according to TELESCOOP

4. But they (TELESCOOP) were the ones who terminated the Building Administrator. How could they say,

“co-administrator?’

5. Ayusin na lang natin and PECCI will just buy their share in the PLDT Cooperatives Building

6. TELESCOOP replied that “kung ano ang tawad ng PECCI yan din ang offer ng TELESCOOP”

LUNCH BREAK

Upon request for a Lunch Break by Representative JRUson, the Chairperson approved and formally

declared a Lunch Break from 12:05PM to 1:10PM.

While the Assembly was on Lunch Break, the following intermission activities were conducted:

Guest Singer/s Paul David Cruzada (Pampanga) and Janine Teñoso (TV5 Finalist in

“Born to be a Star”) rendered several entertaining and captivating songs to the delight of

the Assembly.

Chairperson of Audit Committee, FGGose reminded all Representatives to take their

respective seats and cast their votes because COMELEC Deputies were going around to

collect the duly-filled up ballots.

There were also raffles of items donated by Honda Philippines-Greenhills and Isuzu

Philippines and major raffle prizes donated by PECCI with TV as major prize.

Upon introduction of the General Manager, JRUson, the Assembly acknowledged the

presence of Mr. Steve Tamayo, owner of Tamayo’s Restaurant who was providing the

Catering Service for the Representatives.

The voting time was also extended to 1:30 PM.

REUMPTION OF SESSION

At 1:10 PM, the Chairperson resumed the session of the Third (3rd


Assembly and continued with the remaining Order of Business.

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7.1 CONSIDERATION AND RESOLUTION/DISPOSITION OF THE BOARD

INITIATED AND REPRESENTATIVES INITIATED PROPOSED RESOLUTIONS

AND AMENDMENTS TO THE AMENDED PECCI ARTICLES OF COOPERATION

AND BY-LAWS In response to the request of the Chairperson, the Chairperson of EDCOM, PNPinlac took over the

proceedings and introduced the members of the PECCI EDCOM which was now constituted as Resolution

Committee for purposes of processing the proposed resolutions and amendments. As Chairperson of EDCOM,

Director PNPinlac presided over the proceedings of EDCOM acting as Resolution Committee for purposes of

processing and resolving the following:

1. One (1) Board Initiated Resolution

2. Four (4) Board Initiated Amendments

3. Three (3) Representatives Initiated Resolutions

4. Two (2) Representatives Initiated Amendments

He further clarified that any proposal whether amendment or resolution should be properly moved and

seconded. Otherwise, the proposal shall be deemed “killed” or “disapproved” if moved but not duly seconded and

shall not be considered for votation. In the votation, only those who are abstaining or not in favor shall be

counted and the rest shall be considered as vote for approval. In the approval of amendments, two (2/3) votes of

the Representatives present are required through standing votes. While in the approval of resolutions, a simple

majority votes of the Representatives present are required through raising of voting cards.

a. After clarifying the house rules, the EDCOM Chairperson presented the First (1st

) Board initiated

RRA Resolution Form No. 2016-RRA-(R)-01 providing for the amendment of the existing Vision

and Mission Statements to make them more relevant and expressive on the reasons for PECCI’s

existence and on what PECCI wants to become in the future and the existing Core Values, “PECCI

Cares” to make them more indicative of the values and character of PECCI as a cooperative

organization.

After the explanation of the EDCOM Chairperson on the rationale of the proposed Resolution, he

solicited for motion for approval and secondment.

On this basis, Representative Noemi Covacha moved for the approval of the Resolution which was duly

seconded by Representative Zenaida Reyes without objection from the assembly.

The EDCOM Chairperson subsequently conducted a votation on the proposed resolution embodied

under RRA Resolution Form No. 2016-RRA-(R)-01 by requesting votes of the Representatives through raising of

voting cards for those who were not in favor or abstaining. After the votation, the EDCOM Chairperson declared

and certified that there was no vote for disapproval and abstention and the Representatives present unanimously

voted for approval of the resolution.

On the basis of the results of the votation, the EDCOM Chairperson formally declared and certified the

approval of the amendments of the existing Vision and Mission Statements and existing Core Values of the PLDT

Employees Credit Cooperative (PECCI) embodied in RRA Resolution Form No. 2016-RRA-(R)-01 which are

hereby quoted as follows:

RRA RESOLUTION FORM NO. 2016-RRA-(R)-01

“Resolved, as it is hereby resolved, approving and authorizing the amendment of the existing Vision and Mission Statements and Core Values of the PLDT Employees Credit Cooperative (PECCI) as follows:

EXISTING FOR AMENDMENT

Vision

Service provider of choice imbued with cooperative values.

Vision

The PLDT Employees Credit Cooperative (PECCI) envisions itself as an organization of financially secured and patronizing members and one that continues to grow in membership as it establishes itself as a stable and dependable source of the highest available value in responding to the financial, consumer and capability enhancement needs of its members. PECCI aims to be recognized in the country’s cooperatives sector as a model organization in terms of social responsibility initiatives.

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Mission

To lead the cooperative movement in providing quality financial and social services beneficial to its members and stakeholders.

Mission

The PLDT Employees Credit Cooperative (PECCI) is an organization of synergizing members and is driven by the desire to improve the members’ quality of life through the provision of financial, consumer and capability enhancement services that are responsive, reliable and strategic. PECCI also exists to contribute to the development of the Philippine society by implementing socially responsible programs.

Core Values

PERSEVERANCE ENTHUSIASM COMMITMENT COMPETENCE INTEGRITY COOP VALUES AND PRINCIPLES ACCOUNTABILTY RELIABILITY EXCELLENCE SERVICE ORIENTED

Core Values

PERSEVERANCE refers to PECCI’s commitment to pursue its Mission and Vision despite problems, challenges and setbacks that affect its operations. ENTHUSIASM refers to the eager interest that PECCI has in the pursuit of its Mission and Vision and all the Opportunities for growth. COMMITMENT refers to the unqualified dedication of PECCI to the ideals and principles of cooperativism, to the fulfillment of its Mission and the realization of its Vision. COMPETENCE refers to PECCI’s ability to serve the interests of its members and pursue socially responsible initiatives. INTEGRITY refers to PECCI’s unwavering conviction to uphold what is morally right. COOP VALUES AND PRINCIPLES refers to the following internationally established and accepted values and principles; self-help, self-responsibility, democracy, equality, equity and social responsibility. ACCOUNTABILTY refers to PECCI’s assumed responsibility to inform all members and other stakeholders including concerned government agencies all of its actions and to be responsible for all its decisions. RELIABILITY refers to PECCI’s consistency in serving the best interests of its members and its ability to earn and maintain their trust. EXCELLENCE refers to PECCI’s desire to perform over and beyond the norm in the industry and the expectations of its member. SERVICE ORIENTED refers to PECCI’s innate character of pursuing all ways and opportunities to serve its members and contribute to the cause of the country’s social development.

b. The EDCOM Chairperson presented the First (1st

) Board initiated RRA Amendment Form No.

2016-RRA-(AOC)-01 which contained amendments of Article IX (Capitalization) of the Amended

PECCI Articles of Cooperation by increasing the Authorized Share Capital from One Billion Five

Hundred Pesos ( P 1,500,000,000.00 ) divided into Fifteen Million ( 15,000,000 ) Common Shares to

Two Billion Pesos (P 2,000,000,000.00) divided into Twenty Million ( 20,000,000 ) Common Shares

with a par value of One Hundred Pesos ( P 100 ) per share.

After the explanation of the EDCOM Chairperson on the rationale of the proposed amendments, he


On this basis, Representative Flordeliza Acosta moved for the approval of the proposed amendments

which was duly seconded by Representative Abe Guwaran.

The EDCOM Chairperson subsequently conducted a votation on the proposed amendments embodied

under RRA Amendment Form No. 2016-RRA-(AOC)-01 by requesting standing votes for those who were not in

favor or abstaining.

After the votation, the EDCOM Chairperson declared and certified the unanimous vote for the

approval of the proposed amendments embodied under RRA Amendment Form No. 2016-RRA-(AOC)-01

which are hereby quoted as follows:

RRA RESOLUTION NO. 2016-RRA-(AOC)-01

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“Resolved, as it is hereby resolved, approving and authorizing the amendment of Article IX (Capitalization) of the Amended PECCI Articles of Cooperation by increasing its Authorized Share Capital as follows:


ARTICLE IX Capitalization

That the Authorized Share Capital of this Cooperative is

One Billion Five Hundred Million Pesos (P1,500,000,000.00), Philippine Currency, divided into Fifteen Million (15,000,000) Common Shares with

a par value of One Hundred Pesos (P100.00) per share. (Amended on 27

June 2009, 14 May 2011, September 22, 2012 and March 28, 2015 )

ARTICLE IX Capitalization

That the Authorized Share Capital of this Cooperative is

Two Billion Pesos (P2,000,000,000.00),Philippine Currency, divided into Twenty Million (20,000,000) Common Shares with a par value of One

Hundred Pesos (P100.00) per share. (Amended on 27 June 2009, 14 May

2011, September 22, 2012, March 28, 2015 and March 19, 2016 )

c. The EDCOM Chairperson presented the Second (2nd

) Board initiated RRA Amendment Form

No. 2016-RRA-(AOC)-02 which contained amendments of Article X ( Subscribed and Paid-Up

Share Capital) of the Amended PECCI Articles of Cooperation by indicating the corresponding

increase in the Subscribed and Paid-Up Share Capital from Nine Hundred Twenty Four Million

Six Hundred Eight Thousand Eight Hundred Eighty Four Pesos ( P924,608,884.00) to One

Billion Ninety Four Million Four Hundred Sixty Thousand Seven Hundred Forty Seven Pesos

(P1,094,460,747.00) as a result of the increase of the Authorized Share Capital to P

2,000,000,000.00.



On this basis, Representative Abe Guwaran moved for the approval of the proposed amendments which

was duly seconded by Representative Zenaida Luna.


under RRA Amendment Form No. 2016-RRA-(AOC)-02 by requesting standing votes for those who were not in

favor or abstaining.


approval of the proposed amendments embodied under RRA Amendment Form No. 2016-RRA-(AOC)-02

which are hereby quoted as follows:

RRA AMENDMENT FORM NO. 2016-RRA-(AOC)-02

“Resolved, as it is hereby resolved, approving and authorizing the amendment of Article X (Subscribed and Paid-Up Share Capital) of the Amended PECCI Articles of Cooperation by indicating the corresponding increase in its Subscribed and Paid-Up Share Capital as a result of the increase of the Authorized Share Capital to P2,000,000,000.00 as follows:


ARTICLE X

Subscribed and Paid-up Share Capital

That at least twenty-five percent (25%) of the Authorized Share Capital has been subscribed and paid amounting to Nine Hundred Twenty Four Million Six Hundred Eight Thousand Eight Hundred Eighty Four Pesos (P924,608,884.00), Philippine Currency, by the cooperators and members-subscribers. (Amended on 27 June 2009, 14 May 2011, September 22, 2012 and March 28,2015).

ARTICLE X

Subscribed and Paid-up Share Capital

That at least twenty-five percent (25%) of the Authorized Share Capital has been subscribed and paid amounting to One Billion Ninety Four Million Four Hundred Sixty Thousand Seven Hundred Forty Seven Pesos (P1,094,460,747.00), Philippine Currency, by the cooperators and members-subscribers. (Amended on 27 June 2009, 14 May 2011, September 22, 2012, March 28, 2015 and March 19, 2016).

d. The EDCOM Chairperson presented the Third (3rd


2016-RRA-(BL)-01 which contained amendments of Section 2 (a), Article II of the Amended

PECCI By-Laws by including Philippine Long Distance Telephone Company (PLDT) and its

major investment partner companies, Metro Pacific Investment Corporation (MPIC) and its

subsidiary, affiliate and major investment partner companies.



On this basis, Representative Virgilio Hernandez moved for the approval of the proposed amendments

which was duly seconded by Representative Zenaida Luna.

The EDCOM Chairperson Chairperson subsequently conducted a votation on the proposed amendments

embodied under RRA Amendment Form No. 2016-RRA-(BL)-01 by requesting standing votes for those who were

not in favor or abstaining.

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approval of the proposed amendments embodied under RRA Amendment Form No. 2016-RRA-(BL)-01 which

are hereby quoted as follows:

RRA AMENDMENT FORM NO. 2016-RRA-(BL)-01

“Resolved, as it is hereby resolved, approving and authorizing the amendment of Section 2 (a), Article II of the Amended PECCI By-Laws as proposed and to read as follows:


ARTICLE II Membership

Section 2. Qualifications for Membership. The membership of this

Cooperative is open to any natural person, Filipino citizen, of legal age, with capacity to contract, and has the following qualifications: (Amended on May 14,2011)

a) Regular and active employees of the Philippine Long

Distance Telephone Company (PLDT), PLDT subsidiary and affiliate companies and cooperatives owned and organized by PLDT employees and recognized by PLDT Company, including their legal spouse and of legal age dependents. Provided, that the legal dependents of regular members of the Cooperative shall include but only be limited to his/her legal spouse who is not more than 60 years old, and legal children and relatives up to the fourth (4th) degree of consanguinity who are at least eighteen (18) years old and not more than thirty (30) years old at the time of approval of their application for membership. Provided, further, that any member who has been separated from PLDT Company shall have the option to continue his/her membership and his/her legal dependent members; (Amended on July 24, 2010, May 14,2011 and September 22, 2012)

b) Completed the prescribed pre-membership education

training; (Amended on May 14,2011) c) Undertake to uphold the By-laws, policies, guidelines, rules

and regulations promulgated by the Board of Directors and the Representative Assembly; and (Amended on May 14,2011)

d) Paid the required minimum share capital and membership

fee. (Amended on May 14,2011)

ARTICLE II Membership

Section 2. Qualifications for Membership. The membership of this

Cooperative is open to any natural person, Filipino citizen, of legal-age, with capacity to contract, and has the following qualifications: (Amended on May 14,2011).

a) Regular and active employees of the Philippine Long

Distance Telephone Company (PLDT) and its subsidiary, affiliate and major investment partner, Metro Pacific Investment Corporation (MPIC) and its subsidiary, affiliate and major investment partner companies and cooperatives owned and organized by PLDT employees and recognized by PLDT Company, including their legal spouse and of legal age dependents. Provided, that the legal dependents of regular members of the Cooperative shall include but only be limited to his/her legal spouse who is not more than 60 years old, and legal children and relatives up to the fourth (4th) degree of consanguinity who are at least eighteen (18) years old and not more than thirty (30) years old at the time of approval of their application for membership.

Provided, further, that any member who has been separated from

PLDT Company and its subsidiary, affiliate and major

investment partner companies, Metro Pacific Investment

Corporation (MPIC) and its subsidiary, affiliate and major

investment partner companies shall have the option to continue

his/her membership and his/her legal dependent members;

(Amended on July 24, 2010, May 14, 2011, September 22,

2012 and March 19, 2016)

b) xxx

c) xxx

d) xxx

e. The EDCOM Chairperson presented the Fourth (4th


2016-RRA-(BL)-02 which contained amendments of the Amended PECCI By-Laws by adding a

new Article as “Article X on Settlement of Disputes” and amendment of the affected Articles by way

of renumbering.



On this basis, Representative Tito Velasco Jr moved for the approval of the proposed amendments which

was duly seconded by Representative Roger John Abad


under RRA Amendment Form No. 2016-RRA-(BL)-02 by requesting votes for those who were not in favor or

abstaining.


approval of the proposed amendments embodied under RRA Amendment Form No. 2016-RRA-(BL)-02 which

are hereby quoted as follows:

RRA AMENDMENT FORM NO. 2016-RRA-(BL)-02

“Resolved, as it is hereby resolved, approving and authorizing the amendment of the Amended PECCI By-Laws by adding/including a new Article as “Article X on Settlement of Disputes” and amendment of the affected Articles by way of re-numbering as follows:

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NONE

Article X

Settlement of Disputes Section 1. Mediation and Conciliation. All inter and intra-cooperative

disputes shall be settled within PECCI in accordance with the pertinent Guidelines issued by the Cooperative Development Authority, Art. 137 of Republic Act No. 9520 and its Implementing Rules and Regulations, Alternative Dispute Resolution Act of 2004 and its suppletory laws.

Section 2. Voluntary Arbitration. Any dispute, controversy or claim arising

out of or relating to this By-laws, the cooperative law and related rules, administrative guidelines of the Cooperative Development Authority, including disputes involving members, officers, directors, and committee members, intra-cooperative disputes and related issues, and any question regarding the existence, interpretation, validity, breach or termination of agreements, or the membership/ Representative Assembly concerns shall be exclusively referred to and finally resolved by voluntary arbitration under the institutional rules promulgated by the Cooperative Development Authority, after compliance with the conciliation or mediation mechanisms embodied in the PECCI by-laws and in such other applicable laws.

Article X

Miscellaneous Section 1. xxx Section 2. xxx Section 3. xxx Section 4. xxx Section 5. xxx Section 6. xxx

Article XI Discipline

Section 1. xxx Section 2. xxx

Article XII

Amendments Section 1. xxx

Article XI

Miscellaneous Section 1. xxx Section 2. xxx Section 3. xxx Section 4. xxx Section 5. xxx Section 6. xxx

Article XII Discipline

Section 1. xxx Section 2. xxx

Article XIII

Amendments Section 1. xxx

The EDCOM Chairperson likewise acknowledged the suggestion of Representative Miguel Dawis to send

in advance to all Representatives the proposed resolutions and amendments in the next Representative Assembly.

f. The EDCOM Chairperson presented and resolved the following Representatives Initiated

Resolutions and Amendments:

1. Proposal of Representative Nilo Emerenciana that the next PECCI General Assembly be held at a cheaper

but with good accommodation event place other than MOA SMX.

After due discussion and deliberation and there being no secondment on the proposal, the

EDCOM Chairperson ruled and certified that the proposal will not be subject for votation as it is

automatically disapproved.

2. Proposal of Represenative Robert Arevalo that the death claim/s by the relatives of the member/s who

passed away be increased from Php 250,000.00 to Php 500,000.00.

The partaking of PECCI and its members for the Php 500,000.00 shall be as follows:

1. PECCI - Php 100,000.00

2. MEMBERS - Php 400,000.00 (to be divided by the total members)

All other previous terms and conditions shall be remained/applied.

After due discussion and deliberation and there being no secondment on the proposal, the

EDCOM Chairperson ruled and certified that the proposal will not be subject for votation as it is

automatically disapproved.

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3. Proposal of Represenative Robert Arevalo that the elected representative/s who availed of the MRP during

his/her term as representative of PECCI be replaced.

After due discussion and deliberation and with the concurrence of the proponent, the EDCOM

Chairperson ruled that the PECCI ELECOM should handle and implement the proposal.

4. Proposal of Represenative Trinidad Mayonte for the Amendment of Section 4, Article IV of the Amended

PECCI By-Laws increasing the term of Office of the Board of Directors from three (3) to five (5) consecutive

term.

After the explanation of the proponent on the rationale of her proposal, the following

Representatives were recognized and raised their comments:

a) Ethel Soriano – Objected to the proposal to increase the three (3) term limit to five (5)

term limit because

1. No need for lock-in management

2. We can elect other qualified Officers

3. We should impose term limit

4. Power corrupts

b) Rolando Cusi

1. Absolute power, corrupts absolutely

2. It is important to have term limits

3. We have plenty of Representatives who are qualified at gustong gustong mag serve.

4. It is absolute “NO” to term extension

c) Robert Arevalo

1. Give others a chance to serve

d) Zenaida Reyes

1. No need for five (5) term

2. Ok for three (3) term limit

3. There are others interested to serve

e) Rosalie Mariano

1. Those who are proposing will benefit from the term extension

f) Noemi Covacha

1. Just provide orderly turn-over

2. Qualified Representatives are open to run and its up to the voters to elect them.

After the proposed amendment was duly seconded, the EDCOM Chairperson conducted a votation on

the proposed amendment of Section 4, Article IV of the Amended PECCI By-Laws increasing the term of Office

of the Board of Director from three (3) to five (5) consecutive term by requesting standing votes for those who are

in favor.

After the votation, the EDCOM Chairperson, declared and certified that there were five (5)

Representatives who were in favor and more than 2/3 of the Representatives were not in favor.

On this basis, the EDCOm Chairperson declared and certified the disapproval of the proposed

amendment of Section 4, Article IV of the Amended PECCI By-Laws increasing the term of Office of the Board of

Director from three (3) to five (5) consecutive term.

5. Proposal of Represenative Trinidad Mayonte for the Amendment of Section 4, Article IV of the Amended

PECCI By-Laws providing that in the 2017 Representative Assembly, the seven (7) members of the Board of

Directors shall be elected and shall serve as follows:

A) The four (4) elected members of the Board of Directors obtaining the highest number of votes shall

serve for two (2) years, and

B) The remaining three (3) elected members of the Board of Directors obtaining the lowest number of

votes shall serve for one (1) year.

After due discussion and deliberation, the Proponent voluntarily withdrew her proposal.

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After concluding the processing and resolution of submitted proposals consisting of Board and

Representatives initiated resolutions and amendments, the EDCOM Chairperson thanked and congratulated all

the proponents and all the Representatives and the Assembly accorded them a warm round of applause.

Then, the EDCOM Chairperson turned-over the proceedings to the PECCI Chairperson for the

continuance of the Order of Business of the Assembly.

7.1 RAFFLE

While waiting for the election results, raffles with major prizes were conducted. Lucky winners received

their corresponding prizes.

7.2 ANNOUNCEMENT AND PROCLAMATION OF THE WINNERS IN THE ELECTION FOR

THE MEMBERS OF THE ELECTION COMMITTEE

(NOTE: No election for the members of the Board of Directors and Audit Committee because they have existing term)

There were 791 Representatives who participated in the election process and casted their votes.

After canvassing and tabulation of votes for the election of the members of the Election Committee, the

Chairperson of the Audit Committee, FGGose formally announced and proclaimed the winners in the election

for the members of the Election Committee for a term of (2) years as follows:

ELECTION COMMITTE

NAME NO. OF VOTES PROCLAIMED

1. TITO VELASCO, JR 421 Winner ( 1st )

2. APOLINARIO APILADO III 359 Winner (2nd )

3. TRINIDAD MAYONTE 345 Winner ( 3rd )

4. BIENVENIDO GATCHALIAN,JR. 342 Non-Winner ( 4th )

5. REYNALDO AGAPITO 309 Non-Winner ( 5th )

6. ROGER JOHN ABAD 191 Non-Winner ( 6th )

7. ROBERT SARTE 183 Non-Winner ( 7th )

8. CLYDE MAGNO 156 Non-Winner ( 8th )

9. RAFAEL LORENZO 87 Non-Winner ( 9th )

10. SONNY BOY MAGANA 70 Non-Winner ( 10th )

11. RAMON CRISPINO 22 Non-Winner ( 11th )

7.3 COOPERATIVE PLEDGE

Director Noel Santos led the Representatives in reciting the Cooperative Pledge.

8. ADJOURNMENT

Prior to adjournment, Representative Rolando Cusi thanked the Board of Directors for taking note and

implementing his suggestion during last year’s Assembly. Representative Roger John Abad also thanked the

Representative for voting for him.

After completion of the Order of Business, Representative Virgilio Hernandez moved for the

adjournment of the Third (3rd

) PECCI Regular Representative Assembly which was duly seconded by

Representative Julius Uson.

After it was moved and duly seconded and there being no objection, the Chairperson GMRodriguez

congratulated everyone for the success of the Third (3rd

) Regular Representative Assembly of the PLDT

Employees Credit Cooperative (PECCI) and formally and officially adjourned it at 2:45 PM.

Documents

MINUTES OF THE THIRD (3RD) REGULAR … 2017/03.pdf · RA 2017 RA 2016 Minutes 03-19-2016 Page 3 of 17 2. Whether it is a General Assembly or Representative Assembly, the members will