| INDUSTRIAS PENOLES SAB DE CV | 29/04/2010 AGM | |
|---|---|---|
| None | P>PIRC was not able to secure sufficient information from the company to enable us to deliver an informed report. This was despite attempts by PIRC to secure this information from the company and/or its representatives. PIRC’s Global service defines reportable companies as those which provide adequate and timely English language disclosure of materials which explain the meeting agenda. PIRC has made best efforts to obtain such disclosures for this meeting but has been unable to do so. Unless sufficient information becomes available subsequent to the issuance of these recommendations, PIRC advises clients not to support the proposals. | None |
| 1 | Approve the reports that are referred to in Article 28, Part IV, of the securities market law, including the financial statements from the FYE on 31 DEC 2009, as well as the report regarding the fulfilment of the tax obligations of the Company | Oppose |
| 2 | Approve the allocation of results | Oppose |
| 3 | Approve the amount that can be allocated to the purchase of the shares of the Company in accordance with the terms of that which is provided for in Article 56, Part IV, of the securities market law. | Oppose |
| 4 | Ratify the remuneration of the Members of the Board of Directors of the Company | Oppose |
| 5 | Ratify the Chairperson of the audit and Corporate Practices Committee | Oppose |
| 6 | Approve the designation of special delegates of the meeting | Oppose |