The Securities and Exchange Commission (SEC) aims to promote the development of a strong and transparent corporate governance (CG) culture among public companies and registered issuers while raising the CG standards of Philippine corporations with its issuance of SEC Memorandum Circular 24, Series of 2019, or the Code of Corporate Governance for Public Companies and Registered Issuers (CG Code for PCs and RIs), on Dec. 19, 2019.

Recommendation 8.4 of this code states that “the company should disclose all relevant information on its corporate governance policies and practices in the Annual Corporate Governance Report (ACGR), which should be submitted to the Commission, and continuously updated and posted on the company’s website.”

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