SEC reaps global recognitions for good governance, transparency

·2 min read

THE Securities and Exchange Commission (SEC) continues to reap global recognition for advocating good governance and transparency in the Philippine corporate sector.

Cambridge International Financial Advisory (Cambridge IFA) named the SEC recipient of the Global Good Governance (3G) Advocacy and Commitment to Corporate Governance Award for the second consecutive year.

In addition, the SEC 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, 2022, 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 and have maintained a sustainable corporate strategy and business policy geared to long-term value for shareholders, problem-solving skills, and competence in dealing with change.

Cambridge IFA also named the SEC recipient of the 3G Advocacy and Commitment to Corporate Governance Award in the sixth installment of the annual 3G Awards Ceremony in May 2021.

Meanwhile, the 3G Transparency Award recognizes an organization with the most rigorous and transparent reporting on financials, governance and strategy.

“We take these awards as an affirmation of our unwavering effort to champion good governance, transparency and social responsibility in the Philippine corporate sector with the end goal of a better future for Filipinos,” SEC chairman Emilio Aquino said, as he received the awards.

“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.”

As a regulator of the corporate sector and the Philippine capital markets, 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. (PR)

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