SEC Form 17-A: Annual Report - the solid group inc website

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The Company complied with the appropriate self-rating assessment and performance evaluation
system to determine and measure compliance with the Manual and submitted a certification of its
compliance on January 15, 2013. There are no major deviations from the adopted Revised
Manual on Corporate Governance.
The Company reappointed Punongbayan and Araullo, CPA’s as its independent accountant for
the year 2012 during the Annual Stockholders’ meeting on June 28, 2012.
The Company, its Directors, Officers and Employees complied with all the leading practices and
principles on Good Governance as embodied in the Company’s Manual. All members of the
Board of Directors as well as Senior Management officers completed and were duly certified to
have attended a 2- day special seminar on Corporate Governance conducted by Institute of
Corporate Directors and a 1-day SEC Revised Code of Corporate Governance conducted by
Center for Global Best Practices.
PART V - EXHIBITS AND SCHEDULES
Item 14. Exhibits and Reports on SEC Form 17-C
(a)
Exhibits - See accompanying Index to Exhibit.
The following exhibit is filed as a separate section of this report:
(b) Reports on SEC Form 17-C
The following were reported under SEC Form 17-C during the last six-month period.
On October 12, 2012, the Company advised that the Board of Directors approved the declaration
of cash dividend of P0.06 per share out of its unrestricted retained earnings as of December 31,
2011, in favor of stockholders of record of the Company as of October 31, 2012 and payable on
or before November 28, 2012. The Board also appointed Ms. Josephine Santiago as the
Company’s Chief Information Officer who shall take charge of investor relations matters.
On October 12, 2012, the Company advised that its Audit Committee is conducting a review of
its Audit Committee Charter for amendment relative to the requirement of the SEC Memorandum
Circular No. 4 series of 2012 for public-listed companies to submit an assessment on the
performance of the audit committees. The Company has undertaken to submit the assessment
after the amended Charter is approved by the Board.