The Shareholders’ Association of the Philippines (SharePHIL) has lauded bilyonaryo Manuel V. Pangilinan’s leadership in taking swift action on PLDT’s P48 billion budget overrun mess.
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“We recognize the PLDT leadership for taking swift action in addressing the matter and in cooperating with regulatory bodies over inquiries raised,” SharePHIL said in a statement.
“We trust that PLDT will take the necessary measures to uphold their values of transparency, accountability, and integrity,” the group added.
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SharePHIL is urging the telco giant and other publicly-listed companies to advance minority shareholder rights, primarily through the fair and equitable access to information, similar to the privilege given to institutional investors.
“Given PLDT’s commitment to good corporate governance, we call on them to ensure that their minority shareholders are given the same level of treatment and consideration as all of their other stakeholders during this process,” it said.
SharePHIL likewise calls on investors to be proactive in following any developments on the current PLDT issue.