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SEC
Memorandum Circular No. 2
Series of 2002
CODE OF CORPORATE
GOVERNANCE
In accordance
with the State’s policy to actively promote corporate governance reforms
aimed to raise investor confidence, develop capital market and help
achieve high sustained growth for the corporate sector and the economy,
the Commission, in its Resolution No.135, Series of 2002 dated April
04 2002, approved the promulgation and implementation of this Code,
which shall be applicable to corporations whose securities are registered
or listed, corporations which are grantees of permits/licenses and
secondary franchise from the Commission and public companies.
This Code also applies to branches or subsidiaries of foreign corporations
operating in the Philippines whose securities are registered or listed.
I.
Definitions
II.
The Board Governance
III.
Supply Information
IV.
Accountability and Audit
V.
Stockholders' Rights and Protection of Minority Stockholders' Interests
VI.
Evaluation Systems
VII.
Disclosure and Transparency
VIII. Commitment to Corporate Governance
IX.
Administrative Sanction
X.
Transitory Provision
XI.
Effective Date
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Corporate
Governance: Asian Roundtable
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