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Government Service Insurance System (GSIS) vs. Court of Appeals (a.k.a. GSIS vs Meralco)

GOVERNMENT SERVICE, INSURANCE SYSTEM, Petitioner, versus THE HON. COURT OF APPEALS, (8TH DIVISION), ANTHONY V. ROSETE, MANUEL M. LOPEZ, FELIPE B. ALFONSO, JESUS F. FRANCISCO, CHRISTIAN S. MONSOD, ELPIDIO L. IBANEZ, and FRANCIS GILES PUNO, Respondents.

G.R. No. 183905 and G.R. No. 184275 | 2009-04-16

D E C I S I O N 
 
Tinga, J.: 
 
These are the undisputed facts. 
 
The annual stockholders' meeting (annual meeting) of the Manila Electric Company (Meralco) was scheduled on 27 May 2008.[1] In connection with the annual meeting, proxies[2] were required to be submitted on or before 17 May 2008, and the proxy validation was slated for five days later, or 22 May.[3] 
 
In view of the resignation of Camilo Quiason,[4] the position of corporate secretary of Meralco became vacant.[5] On 15 May 2008, the board of directors of Meralco designated Jose Vitug[6] to act as corporate secretary for the annual...