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                    [ArticleID] => 99234
                    [Title] => SEC seeks more powers over board members of private corporations
                    [Summary] => 

The Securities and Exchange Commission (SEC) will press for similar powers now
assigned to the Bangko Sentral ng Pilipinas (BSP) under the newly enacted
General Banking Act (GBA).

At the same time, the SEC said companies should adopt a code of corporate
governance for members of their board of directors to ensure more responsible
governance.

In particular, SEC chairman Lilia Bautista said the corporate watchdog wants to
insert in the proposed Revised Securities Act (RSA) still being deliberated in
Congress, a provision which authorizes the SEC to fire unfit members of a
com
                    [DatePublished] => 2000-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

GOVERNANCE AND RELATED REFORMS

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                    [ArticleID] => 99234
                    [Title] => SEC seeks more powers over board members of private corporations
                    [Summary] => 

The Securities and Exchange Commission (SEC) will press for similar powers now
assigned to the Bangko Sentral ng Pilipinas (BSP) under the newly enacted
General Banking Act (GBA).

At the same time, the SEC said companies should adopt a code of corporate
governance for members of their board of directors to ensure more responsible
governance.

In particular, SEC chairman Lilia Bautista said the corporate watchdog wants to
insert in the proposed Revised Securities Act (RSA) still being deliberated in
Congress, a provision which authorizes the SEC to fire unfit members of a
com
                    [DatePublished] => 2000-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

SEC seeks more powers over board members of private corporations

By Rocel Felix | May 30, 2000 - 12:00am

The Securities and Exchange Commission (SEC) will press for similar powers now assigned to the Bangko Sentral ng Pilipinas (BSP) under the newly enacted General Banking Act (GBA). At the same time, the SEC said...

Business