mon shares, or 1.19 percent.
stockholders and the PSPC common shares held by 11 directors,
PSPC common shares, or 23.12
percent. Again, being public stockholders, Pilipinas Shell does not
Due Diligencer’s take
As in the past, I still advocate the representation of the public stockholders to the board of listed but not necessarily public companies. As in previous columns, I remain steadfast in my belief that the
30, 2018 based on central bank data.
BSP Deputy Governor Diwa Guinigundo last week said that the five local banks’ exposure to Hanjin, relative to both total loans and total foreign currency deposit unit ( FCDU) loans of the banking system, was “very negligible.”
The central bank late on Friday said that the Hanjin loans rep- public stockholders should elect among themselves who could ably represent their interest in the board, which acts as a company’s policy-making body.
As more popularly known even to corporate insiders, the public stockholders may even be as rich if not richer than the owners of the business.
There are also market players who invest in other companies
percent of FCDU loans
“With its robust capitalization, the Philippine banking system is well-positioned to manage about
to Hanjin...,” the BSP said in a statement.
It also said that the local banking industry was well-capitalized with a capital adequacy ratio of 15.35 percent as of June 2018, well above the international standard of 8.0 percent and the Philippines’ 10.0 percent.
that they do not either own or control. This would make them both business owners and market investors.
Going back to the public, again, I will support any move of public investors to have his or her voice recognized by business owners. This, however, depends on the kind of demands, which would mean any of them should have something to do with listed stocks.
Total assets of the banking system continued to grow by 11.0 percent year-on-year while non- performing loans ( NPLs) remained low at 1.83 percent of its total loans as of October 2018, the BSP continued
Loan loss reserves were equivalent to 109.9 percent of NPLs during the same period.
local banks’ ability to handle negotiations on this corporate restructuring while remaining compliant As public investors, are you satis-
rule implemented by the Securities and Exchange Commission (SEC)? Should the SEC be more active in policing listed companies which should be required to list their entire outstanding common shares and not only a portion of them? Just asking. with prudential regulations,” the central bank stressed.
News of Hanjin’s insolvency battered share prices of the affected banks on Friday, with RCBC drop- and BDO fell to as low as P127.80 during intraday trading but ended
Landbank is not listed.