Author Topic: Bank Complaint Compels School President To Resign  (Read 1841 times)

U.S. of America

  • STUDENT
  • *
  • Posts: 497
    • View Profile
    • Online Radio
Bank Complaint Compels School President To Resign
« on: July 06, 2008, 08:11:40 AM »
By Fred Fuertes

      Maribojoc, Bohol - St. Vincent Institute Alumni Association, Inc. (SVIAAI) has to find a new president to replace Prescillano “Eking” Echavia who recently resigned following a case that United Coconut Planters Bank (UCPB), his former employer, has filed against him.

      UCPB dismissed Echavia for some irregularities.

      For a number of years, Echavia has reigned as president of SVIAAI.

      However, Echavia tendered a resignation as president of SVIAAI last week after UCPB filed a complaint against him.

      SVIAAI held an emergency meeting Friday afternoon at the Sangguniang Bayan session hall to tackle Echavia’s resignation which calls for a replacement, and beating the deadline that Securities and Exchange Commission (SEC) had set on July 12 for the organization’s annual report.

      SVIAAI vice president for the Visayas, SVI principal Erlinda Ilano, presided over last Friday’s meeting.

      Dr. Ma. Nenita Chiu, SVIAAI secretary, who is also the municipal planning and development coordinator here, bared that Echavia sent her his letter of resignation through fax.

      However, SVIAAI could not act upon it because it was unsigned.

      In a short message service (SMS), Echavia promised Chiu that he would sign the irrevocable resignation later when he would arrive from Cagayan de Oro City come July 11.

      The organization’s constitution and by-laws are silent on the process of succession in the event of a vacancy in the seat of the president.

      The SVIAAI Board of Directors was in a quandary who among the three vice presidents will take over as president- -SVI Principal Ilano, vice president for the Visayas; or Mayor Leoncio Evasco Jr., vice president for Mindanao; or Engr. Avelia Apayor De Vera, vice president for Luzon.

      On the other hand, Moises Descallar who was tasked by Echavia to facilitate SEC’s approval, raised concern as the organization’s annual report must be submitted by July 12 or SEC will cancel SVIAAI’s registration.

      Towards adjournment of the meeting, the body agreed that another meeting be set on July 30 to elect a president and an executive vice president. Ilano temporarily serves as interim president.

      Other members present during the meeting were Msgr. Junex Nalzaro, who led the opening prayer, board members- -Club Treasurer Eva Bolasco, Co-Auditor Elizabeth Racho, Councilors Cecilia Autentico and Alberto Arangoso, DepEd Principal Milueda Escabarte, Ilano, Tony Racho and Fred Fuertes. - Published by Bohol Sunday Post

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=13721.0

unionbank online loan application low interest, credit card, easy and fast approval

Tags: