Include the total market value of voting shares held by non-affiliates of the registrant. Far Eastern University is a member of the ASEAN University Network - Quality Assurance (AUN-QA) and the Association to Advance Collegiate Schools of Business (AACSB).
EAST ASIA COMPUTER CENTER, INC. (EACCI)
Since the school, which forms the main core of the company, is located in the University Belt, the competitors are prestigious colleges and universities within the specified area. In addition, the university has recently gained Level III re-accredited status for most of its Liberal Arts and Commerce programs.
FEU INSTITUTE OF TECHNOLOGY
FEU can compete effectively with these learning institutions due to well modulated tuition fees subject to government regulations, air-conditioned classrooms, electronic library and continuous improvement of physical plants and facilities.
FEU DILIMAN
FEU ALABANG
FAR EASTERN COLLEGE SILANG, INC
FEU HIGH SCHOOL, INC
ROOSEVELT COLLEGE, INC
FERN REALTY CORPORATION
The BOT has overall responsibility for establishing and overseeing the Group's risk management framework. As of May and 2017, the Group's financial obligations have contractual maturities (or are expected to be settled within those terms), which are shown below.
Legal Proceedings
Submission of Matters to a Vote of Security Holders
OPERATIONAL AND FINANCIAL INFORMATION
Market for Registrants Common Equity and Related Stockholders Matters
FEU Stockholders as of May 31, 2019
Management’s Discussion and Analysis or Plan of Operation
- Test of Liquidity
- Test of Solvency
- Test of Profitability
- Product/Service Standards
- Market Acceptability
Below is a four-year table showing the sufficiency of the group's net profit compared to the total cash dividend declared and paid. Below is the trend of enrollment in the first semester of the university over the last five years.
Financial Statements
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
CONTROL AND COMPENSATION
Trustees and Executive Officers
- Aurelio Montinola III, 68, Filipino: Chairman of the Board of Trustees (August 2013 to present), Vice Chairman (June 1989 to August 2013), Far Eastern University, Inc
- Angelina Palanca Jose, 66, Filipino: Trustee (June 1990 to present), Far Eastern University, Inc
- Jose Tan Sio, 79, Filipino: Trustee, Far Eastern University (April 2019 to Present)
- Rosanna Esguerra-Salcedo, 55, Filipino: Treasurer, Far Eastern University, Inc
Alba, 62, Filipino: President and member of the Board of Trustees, FarEastern University, Inc. October 2012 to present) Eastern University, Inc. Tinio, 54, Filipino: Senior Vice President for Academic Affairs, Far Eastern University, Inc. June 2011 until now). Other corporate affiliations: Simultaneous Director and Corporate Secretary of FERN Realty Corporation and Amon Trading Corporation; Silang Far Eastern College Director, Inc., East Asia Computer Center, Inc.
Kilakiga, 44, Filipino: Vice President, Facilities and Technical Services (July 2017 - present), Far Eastern University, Inc. 2017–present), Far Eastern University, Inc. Rosanna Esguerra-Salcedo, 55, Filipino: Treasurer, Far Eastern University, Inc. Other Corporate Affiliations: Treasurer of FEU Alabang, Inc., Vice President of Finance for Roosevelt College, Inc. and a member of the Credit Management Association of the Philippines. Nagal, 61, Filipino: Comptroller, Far Eastern University, Inc. 1996 to Present) Other Business Affiliations: Director and Treasurer, FEU High School, Inc.
Executive Compensation
Members of the corporation's Board of Directors are receiving gas allowances for regular board/special board meetings they attend. They are also entitled to fiscal year-end bonuses at the Board's discretion, while corporate officers are entitled to base salaries, fringe benefits, and bonuses at the Board's discretion. No information is available regarding all outstanding warrants or options held by members of the Board of Directors and corporate officers.
Security Ownership of Certain Beneficial Owners and Management
Certain Relationship and Related Transactions
The outstanding balance of these transactions amounts to P2.0 million and P3.0 million as of May 31, 2018 and 2017, respectively (nil as of 2019), presented as part of non-trade advances to related parties under the Trade and Other Receivables account in the consolidated statements of financial position. a) Lease of buildings to EAEF. Outstanding receivables from this transaction amounting to P7.7 million, P8.4 million and P7.0 million as of May and 2017, respectively, are presented as part of Rent Receivables under the Trade and Other Receivables account in the consolidated statements of financial position. . The outstanding receivables from this transaction amounted to P1.0 million as of May 31, 2017 (nil as of May 31, 2019 and 2018), and are included as part of Non-trade advances from related parties under Trade and Other Receivables account in the consolidated statements of financial position (see Note 9).
The outstanding balance of this transaction amounted to P16.5 million as of May 31, 2016 and is presented as part of Other payables under the Trade and Other Payables account in the consolidated statement of financial position. Accordingly, the outstanding receivables amounting to P4.9 million as of May 31, 2019 and 2018 and P9.2 million as of May 31, 2017 are presented as part of Non-trade advances to related parties under the Trade and Other Receivables account in the consolidated statements of financial position. Outstanding payable to non-controlling interest amounted to P1.5 million as of May and 2017, and is presented as part of Other payables to related parties under the Trade and Other Payables account in the consolidated statements of financial position.
EXHIBITS AND SCHEDULES
Exhibits and Reports on SEC Form 17-C (a) Exhibit
Approving, ratifying and confirming the acts and decisions of the Board of Trustees, Board Management Committees and Management and other officers of the Far Eastern University that have been taken or accepted since the Annual Meeting of Shareholders last October 21, 2017 to October 20, 2018;. Election of members of the Board of Trustees including independent trustees for the fiscal year 2018-2019;. Tan as Member of the Audit Committee for the remaining period of the term or until his successor is duly appointed and qualified.
Jose Tan Sio as Member of the Board of Trustees of Far Eastern University effective April 12, 2019 until his successor is elected and qualified. The business of higher education in the country is in the hands of the private sector. The Far Eastern University market consists of working class and middle income group.
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