Monitored actions of

Complied Not complied Bases for non-compliance

the board

  The majority of the board  

of directors approved the
proposed acquisition of
In a company, opinions of the board of directors
2nd hand airplanes for it’s
are important especially when encountering
inter island air transport
some projects that has a risk. Opinions whether
services without hearing
it opposes majority’s decision should be heard.
the opposing opinions of
the minority group of
directors

  The board approved the  

appointment of Mar. X (the Any number of offices may be held by the same
Chairman of the board) as person unless the articles or bylaws provide
the Chief Financial Officer, otherwise, except that no person serving as the
VP-Production, and  
secretary, the treasurer or the CFO may serve
Compliance Officer at the concurrently as the president or chair of the
same time. board.