The new focus on “corporations vested with public interest” is aimed at leveling up on good corporate governance. It’s interesting how the new provisions align with international best practices to bring about enhanced compliance.
(FMR.) SEC CHAIRPERSON TERESITA HERBOSA
Of Counsel, ACCRALAW / (Fmr.) SEC Chairperson
Atty. Teresita J. Herbosa is the former SEC Chairperson whose seven-year term ended in June 2018. As a consequence of the various reforms at SEC under her leadership, in 2014, she was awarded the UP Distinguished Alumni Award for Public Service. Moreover, for two consecutive years, 2015 and 2016, SEC emerged, based on two nationwide surveys, as no. 1 in the fight against corruption among 35 other government agencies in the Philippines. While at the SEC, she proposed amendments to the Corporation Code all of which were passed by Congress and enacted as the Revised Corporation Code of the Philippines in February 2019.