SEC recognized for exemplary performance

MANILA, Philippines — The Securities and Exchange Commission (SEC) has received the highest national recognition for exemplary organizational performance conferred by the Office of the President.

The OP conferred on the SEC the Level 3 Philippine Quality Award (PQA) for mastery in quality management and performance excellence.

Organizations under the PQA system are assessed for their policies, practices and accomplishments relating to leadership, strategy, customer, measurement, analysis and knowledge management, workforce and operations.

Four awards and recognition levels are given out under the PQA. Level 3 citations are given to organizations that have demonstrated “superior results clearly linked to robust management system.”

“The PQA is a testament to our quest for the highest standards of public service and, at the same time, an inspiration that will only drive us further to improve our policies and processes,” SEC chairperson Emilio Aquino said.

The PQA program, patterned after the Malcolm Baldrige Framework of the US, was established through Executive Order No. 448 in 1997 and institutionalized under Republic Act 9013 in 2001.

The SEC is part of the 14 organizations recognized in the 26th PQA assessment cycle.

Of the awardees, five qualified for the Level 3 PQA, the second-highest recognition under the PQA program, while six qualified for Level 2 and three for Level 1.

“Our application for the PQA did not only allow us to showcase our achievements over the past five years, but also served as an opportunity for us to further assess and rethink both our internal and external policies and processes,” Aquino said.

Under its medium-term plan called SuperVision 2028, the SEC has adopted and implemented strategic initiatives aimed at transforming the Philippine capital market and the broader corporate sector to be among the best in Southeast Asia.