CLARK FREEPORT – Members of the board of the government-owned Clark International Airport Corp (CIAC) said yesterday they will not cling to their posts once replaced.
However, they stressed they are not midnight appointees of former Pres. Arroyo as they were elected by the stockholders from the Bases Conversion Development (BCDA) and the Clark Development Corp. (CDC).
This, after they were named as among Arroyo’s midnight appointees in a document titled “Summary of Key Midnight Appointments as of June 2,” prepared by a group of anti-Arroyo former senior government officials.
“Members of the board of CIAC are elected annually by the stockholders from the BCDA and the CDC and it just so happened that such yearly elections are always held in May,” said CIAC executive vice president Alexander Cauguiran in a telephone interview with Punto.
CIAC corporate secretary Pearl Sagmit said that “pursuant to the Corporation Law and the CIAC by-laws, CIAC’s annual stockholders’ meeting is scheduled every 15th day of May to elect the members of the Board.”
She noted that Mrs. Arroyo’s last recommendation for membership in the CIAC board was dated Dec. 8, 2009. The recommendation was forwarded to the BCDA.
Cauguiran said that the CIAC is owned by the BCDA whose board members comprise majority of the stockholders of the corporation.
The CIAC board members were reported as among those affected by Pres. Aquino’s Executive Order No. 2 (EO 2) revoking the appointments made by the former president on or after March 11, as well as appointments made prior to it but took effect after that date, appointments to offices that became vacant only after that date, and appointments and promotions made during the 45-day period prior to the May 10 elections.
However, Cauguiran said that while stockholders elect members of the CIAC board, the President can submit a “desire letter” to the BCDA recommending anyone. “Then the stockholders elects the recommendee and later transmit the result to the CIAC for implementation,” he said.
“None of the board members hold any document signed by Pres. Arroyo on their post as member of the CIAC board. The election of the members of the board are in accordance with the provisions of the Corporate Code,” he added.
Sagmit also explained that “pursuant to the Corporation Law and the CIAC By-laws, CIAC’s annual stockholders’ meeting is scheduled every 15th day of May to elect the members of the Board.”
Sagmit said that “members of the CIAC board are elected by the stockholders from the CDC and BCDA pursuant to the original desire letter of the President of the Republic of the Philippines.
In the absence of new desire letter from the President, the sitting directors are elected for a period of one year until their successors are duly elected and qualified,” she said.
Sagmit noted that the last “desire letter” made by Mrs. Arroyo recommending membership to the CIAC board was dated December 8, 2009, in favor of Rafael Angeles who was then elected by the stockholders on Jan. 8, 2010.
“The last stockholders’ meeting re-electing the directors was held on May 17, 2010,” Sagmit also noted.
The current CIAC board is composed of members that include incumbent CIAC chairman Nestor Mangio, president Victor Jose Luciano, Cauguiran and other vice presidents in the state firm that runs the 2,500-hectare aviation complex here, including the Diosdado Macapagal International Airport (DMIA).
Apart from them and Angeles, the CIAC board is also composed of Jesus Nicdao, Alfonso Cusi, Benigno Ricafort who is also the president of the Clark Development Corp. and, Silvestre Punsalan Jr.
However, Cauguiran stressed that CIAC board members will not hold on to their posts if they are replaced by others elected by the BCDA stockholders.
“Pres. Aquino can submit his own desire letter to the BCDA to express his recommendations for board member of CIAC. Once somebody else is elected to replace us, then we will graciously give way,” he said.
However, they stressed they are not midnight appointees of former Pres. Arroyo as they were elected by the stockholders from the Bases Conversion Development (BCDA) and the Clark Development Corp. (CDC).
This, after they were named as among Arroyo’s midnight appointees in a document titled “Summary of Key Midnight Appointments as of June 2,” prepared by a group of anti-Arroyo former senior government officials.
“Members of the board of CIAC are elected annually by the stockholders from the BCDA and the CDC and it just so happened that such yearly elections are always held in May,” said CIAC executive vice president Alexander Cauguiran in a telephone interview with Punto.
CIAC corporate secretary Pearl Sagmit said that “pursuant to the Corporation Law and the CIAC by-laws, CIAC’s annual stockholders’ meeting is scheduled every 15th day of May to elect the members of the Board.”
She noted that Mrs. Arroyo’s last recommendation for membership in the CIAC board was dated Dec. 8, 2009. The recommendation was forwarded to the BCDA.
Cauguiran said that the CIAC is owned by the BCDA whose board members comprise majority of the stockholders of the corporation.
The CIAC board members were reported as among those affected by Pres. Aquino’s Executive Order No. 2 (EO 2) revoking the appointments made by the former president on or after March 11, as well as appointments made prior to it but took effect after that date, appointments to offices that became vacant only after that date, and appointments and promotions made during the 45-day period prior to the May 10 elections.
However, Cauguiran said that while stockholders elect members of the CIAC board, the President can submit a “desire letter” to the BCDA recommending anyone. “Then the stockholders elects the recommendee and later transmit the result to the CIAC for implementation,” he said.
“None of the board members hold any document signed by Pres. Arroyo on their post as member of the CIAC board. The election of the members of the board are in accordance with the provisions of the Corporate Code,” he added.
Sagmit also explained that “pursuant to the Corporation Law and the CIAC By-laws, CIAC’s annual stockholders’ meeting is scheduled every 15th day of May to elect the members of the Board.”
Sagmit said that “members of the CIAC board are elected by the stockholders from the CDC and BCDA pursuant to the original desire letter of the President of the Republic of the Philippines.
In the absence of new desire letter from the President, the sitting directors are elected for a period of one year until their successors are duly elected and qualified,” she said.
Sagmit noted that the last “desire letter” made by Mrs. Arroyo recommending membership to the CIAC board was dated December 8, 2009, in favor of Rafael Angeles who was then elected by the stockholders on Jan. 8, 2010.
“The last stockholders’ meeting re-electing the directors was held on May 17, 2010,” Sagmit also noted.
The current CIAC board is composed of members that include incumbent CIAC chairman Nestor Mangio, president Victor Jose Luciano, Cauguiran and other vice presidents in the state firm that runs the 2,500-hectare aviation complex here, including the Diosdado Macapagal International Airport (DMIA).
Apart from them and Angeles, the CIAC board is also composed of Jesus Nicdao, Alfonso Cusi, Benigno Ricafort who is also the president of the Clark Development Corp. and, Silvestre Punsalan Jr.
However, Cauguiran stressed that CIAC board members will not hold on to their posts if they are replaced by others elected by the BCDA stockholders.
“Pres. Aquino can submit his own desire letter to the BCDA to express his recommendations for board member of CIAC. Once somebody else is elected to replace us, then we will graciously give way,” he said.
