	manila government to take over san miguel board a government commission that controls pct of san miguel corp smc stock will increase its nominees on the firm s member board to nine from six we want to correct business practices ramon diaz chairman of the presidential commission on good government pcgg told reuters right now there are a lot of companies that keep so many things from their shareholders and one of them is san miguel he said a san miguel spokesman declined comment diaz said new york investment bank allen and co inc told the pcgg it was interested in tendering for all outstanding smc stock with the subsequent dispersal of pct of the stock to filipino investors to comply with investment laws he said australian businessman and brewer alan bond and the brewing company elders ixl ltd elxa s were interested in buying pct each of smc stock he added that the pcgg wanted some foreign input but would not allow foreign control of the brewing and food conglomerate the philippines biggest manufacturing concern diaz said the pcgg did not plan to remove smc president andres soriano from his family company he has tremendous prestige to run the company diaz said we appreciate his management but certainly some practices have to be corrected reuter 
