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Notice of 20th Annual General Meeting
April 28, 2026
KASAGANA-KA MUTUAL BENEFIT ASSOCIATION
5 Matimpiin St., Barangay Pinyahan, Quezon City 1100 Metro Manila
Telephone Numbers: 89907915; 77995518
NOTICE OF THE 20th ANNUAL GENERAL MEETING
Dear Esteemed Members,
This is to formally notify you that the 20th Annual General Meeting (AGM) will be held on June 1, 2026 (Monday), from 9:00 AM to 12:00 noon, in lieu of the regular meeting date of May 31 as stipulated in our Constitution and By-Laws.
This adjustment is necessary as May 31 falls on a Sunday. Accordingly, the Board of Trustees has resolved to hold the AGM on the immediate succeeding working day to ensure maximum participation of members.
The meeting will cover and seek approval on the matters set forth in the following agenda below:
AGENDA
I. Call to Order
The Board President, Joseline B. Buico will preside over the meeting and call it to order. The 2026 Annual General Meeting shall be conducted in accordance with the prescribed protocols for in-person session.
II. Invocation
The invocation will be led by an assigned member of the general membership.
III. Proof of Due Notice
The Board Secretary, Whilmelita B. Pableo will certify that the Notice of Meeting was duly posted on the KMBA official website and disseminated to members through official communication channels, including email, Facebook Messenger, and Viber on May 4, 2026.
IV. Determination of Quorum
The Board Secretary will conduct a roll call and determine the presence of a quorum. A quorum shall consist of at least two-thirds (2/3) of the regular voting delegates/members.
V. Review and approval of the proposed agenda
The members may provide comments on and approve the proposed agenda.
VI. Reading and approval of the Minutes of the 19th Annual General Meeting held on June 2, 2025.
The members shall review the minutes of the previous Annual General Meeting held on June 2, 2025, for comments and/or approval. A copy of the minutes was posted in the KMBA official website www.kmba.org.ph on June 3, 2025. The same shall be furnished to the Board and members of the 20th Annual General Meeting on May 4, 2026.
VII. Business Arising from the Last Annual General Meeting
A report on unfinished business, directives, and related updates will be presented by the General Manager, Ms. Silvida Reyes-Antiquera.
VIII. Presentation of the President’s Report
The incumbent President, Ms. Joseline B. Buico, will present her report to the Association for acceptance by the general membership.
The General Manager will thereafter present the proposed plans and budget for 2026 for consideration and approval by the general membership.
IX. Presentation of the 2025 Audited Financial Statement
The Board Treasurer, Ms. Miriam R. Jarobilla, will request the external auditor, Moore Roxas Tabamo & Co., to present the Association’s audited financial statements as of December 31, 2025. These have been reviewed and endorsed by the Board of Trustees through the General Manager, Ms. Silvida Reyes-Antiquera, and are presented for acceptance by the general membership.
X. Committee Reports
The respective Committee Chairpersons shall present their reports on the accomplishments for the year 2025.
a. Audit Committee
Ms. Heidi L. Mendoza, Independent Trustee
Chairperson
b. Nomination and Election Committee
Mr. Julio Manuel P. Macuja, Independent Trustee
Chairperson
c. Board Risk Oversight and Governance Committee:
Atty. Ma. Cleofe Gettie C. Sandoval, Independent Trustee
Chairperson
d. Related Party Transaction Committee
Mr. Julio Manuel P. Macuja, Independent Trustee
Chairperson
e. Remuneration Committee
Atty. Ma. Cleofe Gettie C. Sandoval, Independent Trustee
Chairperson
f. Risk Management Committee
Ms. Helen B. Cabalin, Vice President, Board of Trustees
Chairperson
g. Treasury Committee
Ms. Miriam R. Jarobilla, Treasurer, Board of Trustees
Chairperson
h. Product Development and Innovation Committee
Ms. Ma. Luisa S. Tuazon, Board Member
Chairperson
i. Ethics Committee
Ms. Wenifreda F. Rodriguez, Board Member
Chairperson
XI. Matters for Approval and Ratification
a. Approval and Ratification of the Board and Management Actions A list of policies and activities undertaken by the Board of Trustees and Management during the year 2025, which form part of the President’s and Operation’s Reports, shall be presented for approval by the general membership.
b. Reappointment of External Auditor for 2026 Financial Statements In accordance with existing policies allowing a maximum engagement term of up to seven (7) years, and in the absence of any grounds for replacement, the Board of Trustees recommends the reappointment of Moore Roxas Tabamo & Co. as the Association’s external auditor for the 2026 Financial Statements.
Moore global is ranked by the International Accounting Bulletin (IAB) as the 11th largest accountancy network in the world (Accountancy Age publication, 2022).
The total contract amount is equivalent to THREE HUNDRED FIFTY-THREE THOUSAND THREE HUNDRED FORTY-ONE AND 94/100 (Php 353,341.94) Pesos, breakdown as follows:
Base Fee: Php 278,222.00
OPE : 41,733.30
VAT : 33,386.64
c. Resignation of Ms. Heidi L. Mendoza
Ms. Heidi L. Mendoza, Independent Trustee and chairperson of the Audit committee tendered her voluntary resignation on 15 April 2026 due to increasing commitments at the national level, which require her frequent travel and limit her availability to attend scheduled KMBA meetings.
Her resignation is respectfully submitted for acceptance by the general membership.
d. Appointment of an Independent Trustee
Mr. Wilfredo M. Llanto shall be appointed as the Independent Trustee for a three (3)-year term from June 2026-May 2029, renewable every three (3) years for a maximum of cumulative term of nine (9) years. This is in accordance with the Association’s Amended Constitution and By-Laws and pursuant to the Insurance Commission (IC) circular governing the term of Independent Trustees.
The appointment of the Independent Board member shall be subject to confirmation and approval by the general membership.
XII. Election of Committees
The Chairperson of the Nomination and Election Committee shall facilitate the election of the various committees.
The committees and their respective responsibilities shall be presented in accordance with the provisions of the Association’s by-laws and the Corporate Governance Manual. A Chairperson and members of the committee shall be elected by the general membership.
The Audit, Nomination & Election, Board Risk Oversight and Governance, Related Party Transactions and Remuneration Committees shall be chaired by an Independent Trustee. Other committees, including the Risk management, treasury committee, Product Development and Innovation committees, shall be chaired by a member of the Board of Trustees.
The Ethics committee shall be chaired by the first Trustee Emeritus. The term of office for all committee positions shall be one (1) year.
XIII. Other Matters
Any other matters that may be suggested during the assembly.
XIV. Adjournment
XV. Closing Prayer
Prayer will be led by one of the assigned members of the general membership.
Whilmelita B. Pableo
Board Secretary