By Manila
Standard Today | Posted on Dec. 06, 2012 at 12:00am
A group of
shareholders in the exclusive Manila Southwoods Golf and Country Club Inc.
claimed they scored back-to-back victories in their struggle to institute
reforms, and turn around the club’s finances from years of steady losses due to
mismanagement.
The concerned
shareholders, calling themselves the Reform group, considered as “legal
victories” a temporary restraining order issued by Judge Fernando Felicen of
the Imus, Cavite regional trial court as well as a decision by Imus RTC
Executive Judge Norberto Quisumbing to inhibit himself from further hearing the
Southwoods case.
The
reformists viewed the two developments as a sign they would get a fair share in
the hearings of the case filed against the incumbent board of directors of
Southwoods believed to be controlled by their chairman Bob Sobrepeña.
The TRO,
granted upon a motion by the reformists, prevented the club from holding its
stockholders’ meeting on Aug. 29 meant to tackle business matters and elect its
new set of directors of the board.
Sobrepeña
reportedly cited the TRO as an alibi for not pushing through with the meeting
since the court order enjoined the club from holding an election and
implementing its year-ago electoral code that the board had approved.
The
reformists maintained, however, that the TRO did not prevent the club from
discussing business matters, adding that the order covered only the election
and the implementation of the new electoral code.
“What the
chairman failed to say was that there was no quorum to proceed with the
meeting,” Southwoods director Jimmy Gosiaco said.
“The meeting
did not push through because the validated proxies and the list of attendees
would not have met the quorum requirement of the meeting,” he said.
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