32nd Annual GA Paves Incumbent Directors’ Re-election

With the theme “Making a Big Difference,” FICOBank successfully held its 32nd Annual General Assembly on May 4, 2012 at the Tindalo Hall, Isabela Hotel & Resort, Minante 1, Cauayan City, Isabela. Considered first in its 32 general assemblies, a perfect attendance was registered, as the 103 coop-stockholders were all represented by their respective delegates in this annual stockholders meeting of the Bank.

After all votes were cast by the official delegates, three candidates, Mr. Flordelino A. Almazan of Victoria Multi-Purpose Cooperative, Atty. Marcelina E. Molina of San Manuel Multi-Purpose Cooperative and Mr. Edwin C. Domingo of MASNAMARCO, maintained their dominance in the ballots and won their respective seats in the Board of Directors (BOD). On the other hand, Mr. Fernando Galamgam of MASNAMARCO, Ms. Judy Rabago of DAMCO and Mr. Dante Guerrero of San Manuel MPC were elected as members of the Election Committee (ELECOM). The conduct of election, canvassing of votes, proclamation of winning candidates and oath-taking of elected directors and committeemen were ably administered by the incumbent ELECOM, led by its outgoing Chairman, Mr. Hermenigildo Sibayan.   

Hours before the actual event, delegates coming from the different member-cooperatives of the Bank, along with some guests and observers, did the official registration and joined later on the BOD, Senior Management, junior officers and employees in the opening ceremonies. After a soulful doxology rendered by the students of the Cauayan National High School and an opening prayer/homily officiated by Rev. Ferdinand Tuazon of the Bible Baptist Center, the event formally kicked off with the recognition of the official delegates and invited guests. After which, Board Chairman Almazan delivered his opening remarks, with words of encouragement and gratitude for this year’s contingent of coop representatives.

After a round of splendid performance by the Rondalla Ensemble of the Cauayan National High School, Ms. Edna P. Marallag, Regional Manager of the Philippine Crop Insurance Corporation (PCIC) in Region 2, did the honor of introducing this event’s keynote speaker, Mr. Norman R. Cajucom, Acting Senior Vice President of PCIC.

In his keynote speech, Mr. Cajucom extended his heartfelt gratitude to the Bank’s leadership for having him graced this year’s general assembly. He conveyed his sincere appreciation to FICOBank for its genuine aspiration and relentless efforts of alleviating the lives of the marginalized people, particularly those who are in the agriculture sector, thus, reverberating this year’s theme—“Making a Big Difference.” In closing, he cited the list of insurance products of PCIC that each farmer may avail of to cover possible crop damages due to fortuitous events. For a mutually beneficial partnership in this endeavor, a Memorandum of Agreement (MOA) was signed by the authorized representatives of both PCIC and FICOBank.

The President & CEO of FICOBank, Mr. Herminio G. Ocampo, ended the preliminary activity with expressions of grateful acknowledgment of the noteworthy contributions by those who, in one way or another, made the success of FICOBank and this 32nd General Assembly possible.

The business meeting was called to order at 1:00 p.m. by the presiding officer. Right after declaring the presence of a quorum by the Bank’s Corporate Secretary, Ms. Priscilla S. Gamit, the plenary session began to tackle the agenda, as adopted. The reading of the minutes of the previous general assembly meeting was dispensed with, as copy of the same has been distributed earlier on to each delegate. Next in the agenda was the business report presented by President/CEO Ocampo. The highlights of the said report were shown through PowerPoint presentation. After a few clarifications by the delegates, the report of the Bank’s President/CEO was accepted by the august body, with appreciation. The last, but not the least, agendum was the election of three members each of the Board of Directors and Election Committee. As there was no more business matter to take up after the elected officials took their solemn oath, the 32nd GA meeting of the Bank was adjourned at around 4:00 p.m.