The British Chamber of Commerce of the Philippines held an extraordinary general meeting yesterday, 22 February 2022, to discuss important revisions to its Bylaws.
The point of the EGM was to ratify the bylaw changes that were initially announced on Jan 27 and was formally announced on Jan 31.
The proposed amendments are as follows:
- Each Trustee and Officer shall continue to hold the office for which he or she is elected or appointed until his or her successor is qualified and elected or appointed. If for some valid and justifiable reason, a successor does not qualify or is not duly elected or appointed, the incumbent Trustee or Officer shall continue to hold such position in a holdover capacity.
- The Trustees maximum term elected will move from two (2) to three (3) consecutive terms. For elected positions (Chairman, Vice-Chairman, and Treasurer), no person could hold the position for more than four (4) consecutive years.
- Election of Members of the BCCP Board shall be held during the Annual General Meeting of Members, and the BCCP Board Members so elected shall have a term of three (3) years. Board Members who are thereafter elected to fill vacancies occurring before the expiration of a particular term shall hold office only for the unexpired period of such term.
- In addition to these changes, the Chamber also added important relevant qualifications for the Treasurer who is overseeing and monitoring BCCP’s finances.
The meeting was presided by BCCP Chairman, Bill Bailey, and the changes were ratified as the Chamber was able to receive the required number of votes through those present, and the proxy & absentee forms.