Validations of this institutional effort include CHED's designation of (a) the IE Teacher Education Programs as a Center of Excellence and (b) the IABF Bachelor of Science in Business Administration Program as a Center for Development. Far Eastern University is a member of the ASEAN Universities Network - Quality Assurance (AUN-QA) and the Association for the Advancement of Collegiate Schools of Business (AACSB).
EAST ASIA COMPUTER CENTER, INC. (EACCI)
Since the school, which is the main core of the company, is located in the university belt, the competitors are prestigious colleges and universities within the said area. In addition, the university recently earned re-accredited Tier III status for most of its liberal arts and commerce programs.
FEU INSTITUTE OF TECHNOLOGY
FEU can effectively compete with these learning institutions due to its well-modulated tuition fees subject to government regulations, air-conditioned classrooms, electronic library and continuous improvement of physical plant and facilities.
FEU DILIMAN
FEU ALABANG
FAR EASTERN COLLEGE SILANG, INC
FEU HIGH SCHOOL, INC
ROOSEVELT COLLEGE, INC
FERN REALTY CORPORATION
BOT has overall responsibility for establishing and supervising the group's risk management framework. In May and 2017, the Group's financial obligations have contractual maturities (or are expected to be settled within these periods) which are presented 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 adequacy of the Group's net income compared to the total cash dividend declared and paid. Below is the trend of college first semester enrollment for the past 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 Board Member, 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 to now). Other Business Affiliations: Concurrent Director and Corporate Secretary of FERN Realty Corporation and Amon Trading Corporation; Director of Far Eastern College Silang, 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 for Finance of Roosevelt College, Inc. and Member of the Credit Management Association of the Philippines. Nagal, 61, Filipino: Controller, Far Eastern University, Inc. 1996 to present) Other Corporate Affiliation: 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 from these transactions amounts to P2.0 million. and P3.0 million. per respectively 31 May 2018 and 2017 (nil in 2019), are presented as part of non-trading advances to related parties under Trade and Other receivables are calculated in the consolidated balance sheet. a) Lease of buildings for EAEF. Outstanding receivables from this transaction amount to P7.7 million, P8.4 million, respectively. and P7.0 million. in May and 2017, is presented as part of receivables rent under the account for trade and other receivables in the consolidated statement of financial position. The outstanding receivable from this transaction amounted to P1.0 million. per 31 May 2017 (nil as at 31 May 2019 and 2018), and is recorded as part of non-trading advances from related parties under the trade and other receivables account in the consolidated statement of financial position (see note 9) .
The outstanding amount from this transaction amounted to PPP 16.5 million as of May 31, 2016 and is presented as part of other liabilities under the operating and other liabilities account in the consolidated statement of financial position. Accordingly, the outstanding receivable of P4.9 million as of May 31, 2019 and 2018 and P9.2 million as of May 31, 2017 is presented as part of non-business advances to related parties in the Trade and other receivables account. in the consolidated statements of financial position. Outstanding liabilities to the non-controlling interest totaled P1.5 million in May and 2017 and are presented as part of other liabilities to related parties under the operating and other liabilities account in the consolidated statements of financial position.
EXHIBITS AND SCHEDULES
Exhibits and Reports on SEC Form 17-C (a) Exhibit
Approval, ratification and affirmation of the resolutions and resolutions of the board of directors, board committees and management and other officers of Far Eastern University passed or passed since the annual meeting of shareholders from October 21, 2017 to October 20, 2018;. Election of Board of Trustees members, including independent trustees for fiscal year 2018-2019;. Tan as Member of the Audit Committee for the remainder of the term or until his successor is duly appointed and qualified.
Jose Tan Sio as a member of the Board of Trustees of Far Eastern University with effect from 12 April 2019 until his successor is elected and qualified. The enterprise of higher education in the country is in the hands of the private sector. Far Eastern University's market consists of the working class and middle income group.
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