CONSISTENT with the Securities and Exchange Commission's (SEC) role to develop and regulate the corporate and capital market sector toward good corporate governance, it held, in partnership with the Institute of Corporate Directors (ICD) and the Good Governance Advocates and Practitioners of the Philippines (GGAPP), the Online/Virtual Roundtable Discussion on Corporate Governance Standards and Practices for Publicly-Listed Companies (PLCs) last July 16. Entitled "Corporate Governance Standards & Practices: Addressing Issues and Concerns," the discussion served as an avenue for the private sector to discuss and share insights on local, regional and global corporate governance practices, particularly the Asean Corporate Governance Scorecard (ACGS).

As background, the ACGS was developed by the Asean Capital Markets Forum (ACMF), in partnership with the Asian Development Bank, to promote the Asean region as an asset class and help attract investors. The initiative also helps participating countries develop and promote their corporate governance brands and reputations. Launched in 2011, the ACGS is an assessment tool to measure the corporate governance standings and performances of PLCs in six participating Asean member countries - Indonesia, Malaysia, Singapore, Thailand and the Philippines. The assessment is based on publicly available information that is then benchmarked against international best practices on corporate governance.

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