Bengzon out: Pasig court ends Medical City boardroom drama
Shareholders of this posh hospital can rest better now.
The Medical City (TMC) scored a win in a legal battle lodged by former chief executive officer Alfredo Bengzon, who has been struggling to remain in control even as shareholders of the medical facility are up for new leadership.
In a statement, The Medical City secured a writ of preliminary injunction from the Pasig Regional Trial Court to stopping Bengzon and his squad to “refrain from representing themselves” and “performing the functions” as board officers of Professional Service Incorporated, TMC’s corporate entity.
Also covered by the Oct. 8 ruling are Blesilda E. Concepcion, Mediadora C. Saniel, Alberto L. Buenviaje, Maria Eufemia C. Yap, Roberto C. Yap, and Manuel Francisco T. Roxas.
The court also ruled that there is “no dispute” over the validity of the Sept. 13, 2018 special stockholders meeting that elected a new set of hospital directors and replaced Bengzon.
?This is a clear victory for TMC stockholders, who have struggled to protect their rights against a former CEO who ignored the pleas of the majority of stockholders asking for better governance and more respect for shareholder rights,? TMC Chairman Jose Xavier Gonzales said in a statement.
Bengzon owns 0.1 percent of TMC shares, the hospital said.