Actpaco business case 2

Actpaco business case 2 - A BUSINESS CASE Presented to the...

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A BUSINESS CASE Presented to the ACCOUNTANCY DEPARTMENT In Partial Fulfillment of the requirements for ACTPACO Submitted by: Kenneth Santos Jack Mansukhani Ivan Ples K32 08-18-2011 Submitted to: Ms. Nimpha Aquino
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A. What is the name of the corporation? What is the nature of their business? The name of the corporation is Basic Energy corporation. They were originally named as Basic Enterprises Inc., and assumed a new name as Basic Petroleum and Minerals Inc. In 2007, the company changed its name to Basic Energy corporation. The corporation is a holding company, holding equity investments. It’s line of business is production of ethanol and other biofuels and the development of other alternative and renewable energy sources. B. Who are the members of the Board of Directors? Who is the chairman of the board? Basic Energy Corporation DIRECTORS AND EXECUTIVE OFFICERS Board of Directors The following were the members of the Board of Directors of the Company, as of December 31,2010: Name Position Oscar C. De Venecia Chairman Ramon L. Mapa Vice Chairman
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Francis C. Chua Vice Chairman Oscar L. De Venecia, Jr. Ma. Florina M. Chan Eduardo V. Manalac Jaime J. Martirez Gabriel R. Singson, Jr. Isidoro O. Tan Oscar S. Reyes Independent Director Dennis D. Decena Independent Director C. Who is the president of the corporation? Oscar L. De Venecia Jr. is the President and COO of the corporation. Quoting from the company’s annual report pdf “43 years old, Filipino, is a director and the President and COO of the Corporation since July, 2007. Prior thereto, he was the Executive Vice President & COO of the
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Actpaco business case 2 - A BUSINESS CASE Presented to the...

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