The SEC’s mandate to strengthen director independence
By defining tenure and limits, the SEC ensures that independent directors do not merely exist in form but function in substance as true checks on management.
Tip: add a year in your query (e.g. Eala 2022) or use the year filter.
29,785 results for “SEC independent directors”
By defining tenure and limits, the SEC ensures that independent directors do not merely exist in form but function in substance as true checks on management.
Setting term limits prevents complacency and ensures the regular infusion of fresh perspectives, an essential ingredient in effective corporate governance.
The SEC is proposing new rules for independent directors, including a fixed 3-year term and a 9-year cap, to boost board independence and protect shareholder…
A Securities and Exchange Commission director has been arrested in an NBI entrapment operation over alleged extortion of a private firm, prompting the SEC to…
Cityland Development Corp. has appointed former Philippine Prime Minister Cesar E.A. Virata as independent director to fill a board vacancy and support its…
‘We’re not afraid to go to court if they want to go to court’ — SEC chairman Francis Lim, in reaction to threats that some of those affected by the proposed…
The Securities and Exchange Commission has proposed term limits for broker-directors serving on exchange boards, aiming to strengthen governance, enhance…
The Philippine Bank of Communications appoints former Landbank president Cecilia C. Borromeo as independent director, replacing Gilda E. Pico after her…
The Maharlika Investment Corporation has named banking and finance veterans Rolando Peñaflor and Enrico Cruz as independent directors to its board.
Concerns over independence are further amplified by the growing demand for seasoned independent directors, many of whom serve on multiple boards across…
Another study finds that long-tenured independent directors are associated with less effective monitoring and higher levels of insider trading.
The SEC argues that a long tenure and likely closer relationship developed with the controlling shareholders over time may compromise the impartiality and…
The court’s findings set a precedent. First, it noted that Boeing’s board lacked a committee with direct responsibility for overseeing aircraft safety.
While many companies have come to value and even rely on long-serving independent directors for their experience and institutional knowledge, there is growing…
SM Investments Corp. elected Marife Zamora as an independent director, succeeding Tammy Lipana, during its April 30 stockholders' meeting; Zamora brings…
As more companies embrace the principles of good governance, the demand for independent directors has increased, leading to a rise in available board seats.