Independent directors in listed firms may soon serve under fixed 3-year terms, a shift the Securities and Exchange Commission (SEC) says will give them greater independence by freeing them from yearly reappointments.
Lawyers for ousted executives of Liberty Flour Mills Inc. (LFM) have asked the Securities and Exchange Commission (SEC) to investigate alleged unfair related-party deals that they say could amount to corporate abuse.
SM Investments Corp., the holding firm of the SM Group, has been named the No. 1 Philippine company for Strongest Adherence to Corporate Governance in the 15th Annual Institutional Investor Poll by Hong Kong-based Alpha Southeast Asia magazine—its 10th win in this prestigious category.
The Jollibee Group has clinched the prestigious 1-Golden Arrow Recognition from the Institute of Corporate Directors (ICD) for the third consecutive year.
The Institute of Corporate Directors (ICD) Philippines has awarded tycoon Hans Sy, Executive Committee chair of SM Prime Holdings Inc., its highest distinction as an Honorary Fellow, honoring his unwavering commitment to social responsibility and ethical leadership.
The Sy family’s China Banking Corp., the country’s No. 4 lender, has been recognized as one of the best-governed companies in the Philippines, securing the prestigious Five-Golden Arrow Award from the Institute of Corporate Directors (ICD) for the third consecutive year.
The Gotianun family-led Filinvest Land Inc. bagged 2 Golden Arrows at the ASEAN Corporate Governance Scorecard Golden Arrow Awards, marking its third consecutive recognition for strong corporate governance.