NEWS & ARTICLES

Principle 5 of the Corporate Governance (CG) Code for Publicly-Listed Companies (PLCs) provides that “The Board should endeavor to exercise objective and independent judgment on all corporate affairs.” Recommendation 5.1 provides that “The Board should have at least three independent directors, or such number as...

Under the old Corporation Code, although Section 23 thereof provided for the doctrine of centralized management that vested directly in the Board of Directors all corporate powers, all corporate properties and all corporate business, nonetheless, the practice was more to the effect that the Board...

Granting Statutory Bases for Corporate Governance Principles and Best Practices The promulgation into law of the Revised Corporation Code of the Philippines saw the placing into statutory language, and therefore into a more permanent framework, many of the corporate governance principles and best-practices adopted by...

Under the aegis of “Building a Stronger Corporate Governance Framework,” the SEC, under Chairperson Herbosa, formally promulgated the Philippine Corporate Governance Blueprint 2015 that embodied the SEC’s corporate governance (CG) roadmap for the next five years that would see the adoption of a new Code...

As we edge to the one-year mark of COVID-19’s arrival on Philippine soil, we have reason to be cautiously optimistic. We followed in the global trend and have begun vaccinating healthcare professionals, and multiple deals with various providers are being finalized. Though this may indicate...

Occasional Poetry on the 500th year of the Circumnavigation of the World and the Arrival of Christianity in the Philippines (March 1521) The coronavirus – red-hot dots in man’s circle of life under a Copernican sun? Five centuries past, five ships ply oceans across cumulus,...

2009 Revised CG Code: A Reactionary Approach When the Revised Code of Corporate Governance (RCCG) was issued by the SEC in June 2009, it changed the regulatory approach to the corporate governance reform by providing for a general administrative sanction clause for any violation of...

In November last year, the largest business and professional associations in the Philippines – collectively called the Philippine Business Group (PBG which includes the Management Association of the Philippines, sponsor of this column) signed a “Covenant for Shared Prosperity” by which it pledged to address...

The most profound effects of the Revised Corporation Code in the pursuit of the corporate governance (CG) reforms in the private corporate sector may be grouped into three areas, namely: First, the granting of statutory foundation to the CG principles and best-practices championed by the...