SunStar Publishing Inc.
Some workers, retirees, shareholders and stakeholders of Oriental Port and Allied Services Corp. urged their top executives to step down from their posts for alleged “mismanagement and irrational decisions.”The petition, which was signed on Tuesday, Sept. 17, 2024, by 267 individuals, said that the leaders in question should vacate their posts “to save the company from further damage/bleeding due to mismanagement and irrational decisions.
AllegationsIn the petition, the group claimed that the top leadership of Opascor has intentionally avoided holding elections for the past 20 years, violating the rights of the shareholders and owners as outlined in corporate law.They also complained about the non-disclosure of financial statements from the top executives. “Non-disclosure of financial status and other pertinent documents of the company and its subsidiaries, which the owners have the right to access.
Oriental Port And Allied Services Corp. (Opascor) Resign
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