IDC Holds Stockholders’ Meeting 2017

Italpinas Development Corporation (IDC) held its annual stockholders’ meeting at the Manila Polo Club, Makati, last May 31, 2017. It was well-attended by the company’s shareholders, officers, and board of directors.

The following are among the approved resolutions during the meeting:

  • The approval of the resolution to increase the company’s number of directors from seven to eight.

  • The re-appoinment of BDO Alba Romeo and Co. CPAs as the company’s external auditors.

  • The approval to create a stock option plan for its employees amounting to up to 5% of the authorized capital stock of the corporation.

  • The increase of the company’s authorized capital stock from Philippine Pesos: P177,993,600.00 consisting of 355,987,200 shares of stock with a par value of P0.50 per share to Philippine Pesos: P337,993,600.00 consisting of 755,987,200 shares of stock with a par value of P0.50.

  • The declaration of 100,000,000 shares as stock dividends of the corporation.

IDC’s board of directors consists of Chairman and Chief Executive Officer Architect Romolo Nati, Director and President Atty. Jose D. Leviste, III, Januario Jesus Gregorio III B. Atencio, Andresito Araneta Aguila, Atty.Shennan Sy, Jose Araullo, and Rafael Andrews Dominguez.

With the corporation’s resolution to increase the number of directors, Atty. Christine P. Base, and Atty. Jose Fidel R. Acuna were elected in addition to the company’s board.

IDC is a dynamic Italian-Filipino developer focused in sustainable property design and development in emerging cities across the Philippines. Learn more at