NOTICE OF THE ANNUAL MEETING
OF THE STOCKHOLDERS OF
KEPPEL PHILIPPINES PROPERTIES, INC.
TO ALL STOCKHOLDERS:
Notice is hereby given that the Annual Stockholders’ Meeting (“Meeting”) of Keppel Philippines Properties, Inc. (the “Company”) will be held on 13 August 2020, Thursday, at 2:00 p.m., at 5th Floor, Nostalg 1 and 2, Joy Nostalg Hotel & Suites Manila, 17 ADB Ave, Ortigas Center, Pasig City. Stockholders who may not be able to attend the physical meeting may attend through remote communication via WebEx online meeting.
The Agenda of the Meeting shall be as follows:
1. Call to Order
2. Proof of Notice of Meeting and Certification of Quorum
3. Approval of the Minutes of the Annual Stockholders’ Meeting held on 13 June 2020
4. Chairman’s Address
5. Presentation and Approval of Y2019 Annual Report and Audited Financial Statements
6. Ratification of Acts and Proceedings of the Board of Directors, Officers and Management of the Corporation during the Year under Review
7. Election of Directors
8. Presentation of Directors’ Remuneration for Y2019
9. Appointment of External Auditor for Y2020
10. Other Matters
Only stockholders of record at the close of business on 03 July 2020 are entitled to notice of and to vote at this meeting. Should you be unable to attend the meeting personally, you may opt to send your proxy to attend the meeting on your behalf. If you will be sending your proxy, kindly file your duly executed proxy form with the Corporate Secretary on or before 03 August 2020. Please note that Management is not soliciting proxies.
If appointing a proxy, kindly date, sign, and deliver your proxy form to the Corporate Secretary at Keppel Philippines Properties, Inc., 12 ADB Avenue, Ortigas Center, Mandaluyong City 1550 on or before 03 August 2020. All proxies received will be validated on 06 August 2020.
Stockholders that will participate by remote communication should register by sending a notification or confirmation of their attendance via e-mail to [email protected] on or before 03 August 2020. Guidelines for registration, participation by remote communication and voting in absentia is available on the Company’s website (http://keppelland.com.ph) and on its PSE Edge Company Disclosures page (https://edge.pse.com.ph).
On the day of Meeting, registration will begin at 1:30 p.m. Please bring your Identification Card and present the same at the registration desk at the entrance lobby of 5th Floor, Nostalg 1 and 2, Joy Nostalg Hotel & Suites Manila, 17 ADB Ave., Ortigas Center (Topaz Road Entrance), Pasig City.
10 July 2020, Pasig City.
(Sgd) MA. MELVA E. VALDEZ
The Definitive Information Statement (2020 SEC Form 20-IS), Annual Report (2019 SEC Form 17-A), 2019 Audited Financial Statements, 2020 1st Quarter (SEC Form 17-Q), and Minutes of the Annual Stockholders’ Meeting (13 June 2020), sample proxy form, Guidelines on Participation by Remote Communication, and other documents related to the Meeting may be accessed through the following:
For ASM-related queries, you may send an email to [email protected] or contact the Office of the Corporate Secretary at 8817-8971.
For concerns on shares or account updating or validation, please contact the Company’s Stock Transfer Agent, Stock Transfer Service, Inc. (Attention: Michael C. Capoy / Riel John Simon C. Revelar) through +632 8403-3798 or via email to [email protected] or [email protected].
Good news for Kamala Harris: Voters are fine with ambitious women. So why do party gatekeepers still care?
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With the expected date of Joe Biden’s vice presidential decision growing ever nearer, the rumblings that campaign insiders are waging something of a shadow war against Sen. Kamala Harris have grown louder.
In late July, news reports emerged that certain supporters of the presumptive Democratic nominee felt that Harris was “too ambitious” for the job. “She would be running for president the day of the inauguration,” Florida bundler John Morgan told CNBC. The buzz was loud enough that Harris herself seemed to address it on Friday, while speaking via livestream at the the Black Girls Lead 2020 conference: “There will be a resistance to your ambition, there will be people who say to you, ‘you are out of your lane.’”
But it seems that voters might think that lane is actually a perfectly good place for Harris and other female politicians to be.
According to research published just last month, most people actually don’t mind ambition in female candidates for office. “Voters don’t have a problem with ambitious women,” says Ana Catalano Weeks, a University of Bath comparative politics professor and co-author of the July paper “Ambitious Women: Gender and Voter Perceptions of Candidate Ambition.” “This seems to be a problem on the party side.”
Catalano Weeks and co-author Sparsha Saha, a preceptor at Harvard, asked survey respondents to choose fictional candidates whose genders were specified, each with descriptions that suggested different levels of ambition.
The researchers defined ambition as perceived in political candidates a few ways: progressive ambition, or seeking office and subsequent higher office; personality traits like assertiveness and determination to succeed; and ambitious political agendas.
Catalano Weeks and Saha hypothesized that voters would penalize ambitious women running for office. But they found that wasn’t the case; voters did not treat ambitious women differently than they did ambitious men.
“Norms in society change,” says Catalano Weeks by way of explanation. The general public may have once seen ambition as a negative quality in women—but doesn’t anymore. Concerns over ambition in women from political gatekeepers may then be expressions of their own sexism, or outdated concerns over how voters will react, Saha says. “To what extent are gatekeepers sexist themselves?” Saha asks. “Are they taking action thinking voters will punish ambitious women? Are they really just thinking about electability?”
These academics were inspired to take on this research in 2017 after observing Hillary Clinton’s treatment in the 2016 election, including a hacked email in which Colin Powell described the Democratic nominee as having a “long track record” of “unbridled ambition.”
This cycle, Harris wasn’t the only woman in reported contention for Biden’s ticket to be described as ambitious. Former Georgia gubernatorial candidate Stacey Abrams shocked the political establishment by openly stating that she would accept a VP offer from the Democratic nominee; she told other women of color not to let others “disqualify” their ambition.
The research conducted by Saha and Catalano Weeks did not address how race affects voters’ perception of ambition in candidates, but the pair hope future work will answer that question.
“I wish the story was, ‘Yay, Kamala Harris is ambitious. Isn’t that a great thing?’” Catalano Weeks says.
Adds her co-author Saha: “It’s just so absurd. Of course these people are ambitious.”
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Facebook purges ads for illegal wildlife in SE Asia as online trade surges
YANGON — An ad showing a civet cat cowering in a cage being offered for sale on Facebook was just one of hundreds that the social media giant has removed in a crackdown on Southeast Asia’s illegal wildlife trade during recent weeks.
“Not too wild, not too-well behaved. If interested, call…” the seller wrote on the post, using an account in Myanmar, a major source and transit point for the trade in wild animals.
Facebook has a ban on the sale of animals on its platform.
But, in the five months through May 2020, a report seen by Reuters showed World Wildlife Fund researchers had counted 2,143 wild animals from 94 species for sale on Facebook from Myanmar alone.
The vast majority of posts—92%—offered live animals, including birds of prey, while gibbons, langurs, wild cats, and hornbills were in high demand.
Wildlife charities said more than 500 posts, accounts, and groups were taken down in April and July after they alerted Facebook, which said its staffers remove content that breaches rules as soon as they become aware.
“We are committed to working with law enforcement authorities around the world to help tackle the illegal trade of wildlife,” a Facebook spokesperson said.
‘INCREASING IN EVERY COUNTRY’
Campaigners say the advent of zoonotic diseases like the novel coronavirus, which is suspected of having jumped from animals to humans, has not quashed demand from buyers.
Southeast Asia is a major hub in the multi-billion dollar global wildlife trade and, according to monitors, sellers are increasingly using social media due to its massive reach and private chat functions.
“It’s increasing in every country,” said Jedsada Taweekan, a regional program manager for WWF, adding that the volume of wildlife products sold online had approximately doubled since 2015.
Myanmar came under fire in recent weeks over reported plans to allow captive breeding of about 175 threatened species including tigers and pangolins. Naing Zaw Htun, a senior forestry department official, told Reuters social media had become “one of the major drivers of the wildlife trafficking,” and the aim of the captive breeding plan was to reduce poaching.
Fighting the illegal online wildlife trade poses a serious challenge for governments across the region, where many national laws lag behind, said Elizabeth John, senior communications officer for TRAFFIC, a non-government organisation.
She said Facebook had been “very proactive in trying to address the online trade” but faced a “considerable logistical challenge” monitoring posts.
A study by TRAFFIC published in early July found more than 2,489 ivory items for sale across Indonesia, Thailand, and Vietnam on Facebook and Instagram, which is owned by Facebook.
TRAFFIC said 557 out of 600 posts, groups and profiles subsequently flagged to Facebook were removed. WWF said four Facebook accounts and seven groups, each with thousands of members, were removed in response to their research in Myanmar.
The company says it uses a combination of technology and reports from NGOs and others to detect and remove content.
Relying on tip-offs isn’t good enough, said Michael Lwin, founder of Myanmar-based tech start-up Koe Koe Tech. “Social media platforms, in general, need a more systematic response,” Mr. Lwin said.
How a hair-care company went from salon supplier to sanitizer powerhouse
When AG Hair moved into its new, 70,000-sq.-foot, state-of-the-art manufacturing facility in Coquitlam, B.C., two years ago, it was part of a plan to supercharge expansion of its hair care product line to salons in international markets. Europe was next on its list. Then COVID-19 hit.
Not only was the European expansion put on hold, but salons in major markets across Canada and the United States were temporarily closed. Very few were purchasing hair products, so manufacturing was halted in mid-March, leaving most of the company’s 82 employees out of work.
AG Hair could have waited out the pandemic but instead decided to lean into its entrepreneurial culture and make a sharp pivot. It began providing hand-sanitizing products for front-line health-care workers, addressing a global shortage.
“We realized there was this massive need for health-care professionals, and we wanted to make a difference and be able to provide them with the products they needed,” says AG Hair CEO Graham Fraser.
AG Hair received Canadian and U.S. approvals a week after applying for the licences needed to make sanitizer, and produced samples to show local authorities within 48 hours.
“That rapid response time, and the fact that we had gone through all of the Health Canada regulatory hurdles, showed [the local health authorities] that we were a partner they could trust and someone they could look to, to deliver the products they needed,” Fraser says.
Within a month, the company started pumping out the products, first for the health-care industry, then for consumers on its own website and on Amazon. About 10 per cent of AG Hair’s hand-sanitizer production also went to people in need, as identified by organizations such as United Way.
Parallel 49 Brewing Company is also using AG Hair’s Coquitlam manufacturing facility to produce its own blend of liquid hand sanitizer for front-line health and emergency workers, in partnership with the B.C. government.
Fraser credits his team for its energy and creativity in making the hand-sanitizer production happen, and helping put AG Hair staff back to work.
“We realized we had an opportunity . . . and then it became this incredible, almost war-room mentality and collaboration with our owners, our executive team and our people to say, ‘How are we going to get through this?’ ” Fraser recalls. “I think our success speaks to the type of people we have and the entrepreneurial spirit of pursuing every avenue we have, understanding how we can produce the products and making it happen.”
AG Hair’s commitment to investing in future growth is a big part of what makes it a Best Managed company, says Nicole Coleman, a partner at Deloitte and co-lead of its Best Managed Program in B.C.
“Capability and innovation come through quite strongly with this company,” says Coleman, who is also AG Hair’s coach at Deloitte. “I don’t think they would be able to pivot as quickly if they weren’t so strategic and had the internal capabilities to do it.”
The manufacturing facility was a big investment, but one Coleman says has already paid dividends.
“They were looking forward with a strategic plan in mind about future growth and how they could expand, rather than just focusing on the day to day,” she says. “Best Managed companies are always pushing the envelope and are conscious about planning for the future.”
AG Hair was founded in Vancouver in 1989 by hairstylist John Davis and graphic artist Lotte Davis. The husband-and-wife team began bottling hair products in their basement and selling them direct to salons from the back of a station wagon.
The company eventually moved its manufacturing off-site, to a third party. One day, John went to watch the operations and was surprised to see salt being poured into the mixture. Although he was told salt is commonly used as a thickener, he didn’t like the potential side effects of dry hair and skin.
It was at that moment John decided the company would oversee its own manufacturing. “Through that experience, John also became an expert in product development,” says Fraser, who came to the company in 2000 as director of sales.
After having worked for more than two decades at PepsiCo and Kraft Foods, Fraser was eager to work at a smaller, more agile company where he felt he could help make a difference.
“It was perfect because I got to bring a lot of structure and process that I learned in those organizations, but I also learned an awful lot about being an entrepreneur from John and Lotte: that sense of urgency, the decision-making process, the need to get things done and drive things forward and pursue opportunities,” he says.
Fraser has helped drive AG Hair’s expansion into the U.S. and internationally, including Australia, Taiwan, and Central and South America. A portion of its sales go to One Girl Can, a charity founded by Lotte that provides schooling, education and mentoring for girls in sub-Saharan Africa.
Fraser also oversees the development of new, trending products, including a new deep-conditioning hair mask made with 98 per cent plant-based and natural ingredients. Hand-sanitizing spray and gel will be the latest addition to the company’s product lineup.
“We don’t see the demand [for hand-sanitizing products] going away,” he says. “As the isolation policies start to get lifted, people are going to need forms of security and protocols as they get back into regular life and work. We see there’s going to be a need for these types of products long-term.”
This article appears in print in the June 2020 issue of Maclean’s magazine with the headline, “Working out the kinks.” Subscribe to the monthly print magazine here.
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