Page 22 - ANNUAL REPORT FINAL
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Acts, Deeds, And Contracts 2020-2021
Regular Board Meeting on 20 March 2020
• The Board approved the extension of deadline of payment of membership dues during the Enhanced
Community Quarantine (ECQ).
• The Board approved that the members’ unused consumables will be accumulated and may later be
used after the lifting of the ECQ.
• The Board approved the recommendation of Management to renew the HMO insurance coverage
for the Club’s employees from 28 March 2020 to 27 March 2021.
• Management reported that the Club was able to collect a transfer fee of P270,000.00 for the month
of February.
Special Board Meeting on 30 March 2020
• The Board approved to reschedule the 2020 Annual Stockholders’ Meeting to 18 May 2020.
Regular Board Meeting on 13 April 2020
• The Club donated a total of 7,500 food packs to the medical frontliners of Makati Medical Center for
the period of 28 March to 11 April 2020.
• The Board approved to release another round of financial assistance to the ball boys and trainers in
the same amount as the first round.
Special Board Meeting on 27 April 2020
• The Board approved to reset the 2020 Annual Stockholders’ Meeting to 01 June 2020
Special Board Meeting on 08 May 2020
• Management reported that Club employees already received the first tranche of the SSS small
business wage subsidy program (SBWS) while the second tranche will be received by the employees
sometime this May.
• The Board approved to increase the consumables to P1250.00 until the Club is allowed to open.
Special Board Meeting on 14 May 2020
• The Board approved to reset the 2020 Annual Membership Meeting to 15 June 2020.
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