MANILA, Philippines — The Securities and Exchange Commission (SEC) received global recognitions for advocating good governance and transparency in the Philippine corporate sector.
SEC chairperson Emilio Aquino said the awards are an affirmation of the commission’s efforts to improve good governance, transparency and social responsibility in the country.
“As we receive these recognitions, we hope to inspire more meaningful changes in corporations’ governance and business practices, and unlock their potential to contribute to sustainability and development in the Philippines and in the world,” he said.
The SEC was a recipient of the Global Good Governance (3G) Advocacy and Commitment to Corporate Governance Award for the second consecutive year given by the Cambridge International Financial Advisory (Cambridge IFA).
It also received the 3G Transparency Award during the seventh installment of the annual 3G Awards Ceremony held by the London-based finance advisory on May 18 in Dubai, United Arab Emirates.
The 3G Advocacy and Commitment to Corporate Governance Award honors organizations which have demonstrated a strong commitment to corporate governance practices while the 3G Transparency Award recognizes an organization with the most rigorous and transparent reporting on financials, governance and strategy.
The SEC has consistently promoted corporate governance practices to serve as a model for the sector it oversees. It has also advocated for reforms through the adoption of corporate governance codes, sustainability reporting guidelines, and similar rules.
This year, the SEC successfully maintained the ISO 9001:2015 certification of its quality management system covering all core services across its main and extension offices.
It was also recognized as the Circle of Excellence Awardee for the Best Sustainability Company of the Year in the Asia CEO Awards in 2021. Prior to that, the SEC received the ISAR Honours from the United Nations Conference on Trade and Development in 2019 for instituting sustainability reporting in the corporate sector.
Aquino said the SEC adheres to global development initiatives as member of international organizations such as the International Organization of Securities Commissions, ASEAN Capital Markets Forum, the Global Financial Innovation Network, and the International Forum of Independent Audit Regulators, among others.