🎈

dosri

DEFINITION OF DOSRI
I. Directors
II. Officers
III. Stockholders (Owning 1% of the Bank’s Capital)
IV. Related Interests (As amended)

1. Spouse or Relative within the first degree of a Director, Officer or Stockholder

(DOS).

2. Partnership of which a DOS or his spouse or first degree relative is a general

partner.
RPT and DOSRI Policy Guidelines Page 5 of 30

3. Co-owner with the DOS or his spouse or first degree relative, of the property
mortgaged to secure the loan.

4. Corporation which any or a group of DOS and /or their spouses or first-degree
relatives
hold or own at least 20% of the company.

5. Corporation wholly or majority-owned by any related entity or group as defined

in Items
IV (2) and IV(4).

6. Corporation which owns or controls directly or indirectly at least 20% of the

capital of
a Substantial Stockholder (owns more than 10% of the Bank's capital or can
elect one
board member).

7. Corporation with a Management Contract or any similar arrangement with the

parent

dosri 1
 of the Lending Bank. Management Contract refers to a contract or any
arrangement
granting power to the Bank to director cause the direction of management and
policies
of the entity, or vice-versa.

8. NGO's / Foundations that are engaged in retail micro finance operations which
are
incorporated by any of the stockholders and/or directors and/or officers of
related
banks.

DOSRI – is an acronym for Directors, Officers, Stockholders and Related Interests

1. Director refers to Bank directors holding their positions in accordance with the
corporate charter, by-laws and other pertinent provisions of the law (Sub-
section 141.1 of the MOR for Banks). A person can be a director if he or she is
elected to a seat in the Board of Directors.

2. Officers are the officers of the Bank which include the President all the way to
the most junior officers, as provided for and defined in the by-laws of the
institution (Sub-section 142.1 of the MOR for Banks).

3. Stockholders shall refer to:

a. Any stockholder of record in the books of the Bank, acting personally, or
through an attorney-in-fact, executor, administrator or guardian of a minor,
incompetent and/or
deceased stockholder or through a trustee designated by one or more
stockholders pursuant to a voting Trust Agreement, whose stockholdings in the
lending bank, individually and/or together with his spouse or relative within the
first degree of
consanguinity or affinity or relative by legal adoption;

b. A partnership, in which the stockholder or his spouse or any of his relatives

mentioned above is a general partner; and

c. A co-owner, with the stockholder or the stockholder’s spouse or relative

dosri 2
 mentioned above of a property/right/interest referred to in Section X329.b of the
MOR for Banks, amounting to 2% or more of the total subscribed Capital Stock
of the Bank.

Stockholdings of individuals related to each other within the fourth (4th) degree of
consanguinity or affinity, legitimate or common-law (Attachment V) shall be
considered family groups or related interests. Two or more corporations
owned/controlled by the same family group or same group of persons shall likewise
be considered related interests.

Sections 12 and 13 of RA # 8791 (The General Banking Law of 2000) mandates

that all transactions with the Bank of individual stockholders, family groups and
related interests within the fourth (4th) degree of consanguinity or affinity,
legitimate or common-law or by two or more corporations owned or controlled by
the same family group or same group of persons must be fully disclosed.

dosri 3