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Recently there is a shift in emphasis in corporate objectives and investment efforts, namely, internal expansion of the existing subsidiaries and acquisition of related companies. Another change is geared towards an increased focus on formal planning through the BCI three-year forecast which is instituted to sustain and reinforce the strength of the firm.
These recent efforts resulted in changes in the relationship of BCI with its subsidiaries. The BCI parent company offers support services to its subsidiaries by appointing director nominees, who usually take the role of chairman of the board, to the subsidiaries...
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