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Manila Bulletin devider Business devider SEC chair bags top TOFIL award

SEC chair bags top TOFIL award

Published Dec 8, 2024 03:06 am

Securities and Exchange Commission (SEC) Chairperson and CEO Emilio B. Aquino received the 2024 The Outstanding Filipino (TOFIL) Award for Government and Public Service, leading six other awardees in their respective fields.

In a statement, SEC said that Aquino received the highest honor in the TOFIL Awards in recognition of his contributions to the corporate sector and the development of the capital market.

In a ceremony held at the House of Representatives on December 5, Aquino received the TOFIL Award alongside Carl E. Balita for Education; Seagull Philippines Chairman Bing N. Carrion for Peace Advocacy; Presidential Anti-Organized Crime Commission Undersecretary Gilbert Cruz for Government Service; Commission on Higher Education Chairman Prospero E. de Vera III for Higher Education; neurosurgeon Lynne Lucena for Medicine; and former Dean of the University of the Philippines Los Baños College of Forestry and Natural Resources Juan M. Pulhin for Geographical Sciences and Social Forestry.

Since 1988, the Junior Chamber International (JCI) Senate Philippines has conferred the TOFIL Awards to “institutionalize public recognition” of Filipinos aged 41 years old and above for their exemplary contributions to advancing public welfare and national development.

“I am proud to say that the SEC Philippines has solidified its golden age and has excellently carried out its rallying mantra: that it’s easy at the SEC,” Aquino said in his acceptance speech.

He noted, “We modernized and digitalized the SEC and restructured our organization with the creation of several innovative offices to meet rising customer and market demands. As a result, the SEC Philippines is now recognized as one of the world’s best employers by London-based Investors in People; among the world’s best in sustainability reporting, recognized three times by the [United Nations Conference on Trade and Development] in Geneva, Switzerland; and among the world’s best in digital company registration by [Corporate Registers Forum] in Malta.”

As chairperson, Aquino crafted SuperVision 2025 at the start of his term to guide the Commission in transforming the country’s corporate sector and capital market to be among the best in Southeast Asia.

He accelerated the Commission’s digital transformation, especially during the pandemic, to ensure uninterrupted services for stakeholders. This led to the launch of three waves of digital innovations starting in 2021 to enable online company registration, report filing, and payment transactions. The improved registration process has allowed the SEC to reach record highs in company registrations, with 49,501 new companies registered in 2023.

These digitalization efforts, along with new extension offices in Bacolod, Tacloban, Butuan, and Koronadal, brought the Commission’s services closer to Filipinos locally and abroad.

The SEC has also been at the forefront of making the capital market more accessible to enable growth and expansion. Under Aquino's leadership, the SEC established the Philifintech Innovation Office to foster innovation and customize the fintech landscape in the Philippines by keeping track of evolving financial products and services.

Through the newly established Strategic Partnership and Advocacy Division, the SEC continues to invite partners into the SEC Capital Market Promotion and Awareness Inter-Agency Network (CAMPAIGN) to promote the capital market with webinars, roadshows, and information dissemination through social media.

The SEC also launched the Anti-Scam and Illegal Taking of Investments Group, composed of local government units, which seeks to empower barangay officials to protect their constituents from investment scams through reporting mechanisms and awareness programs.

In recognition of the corporate sector’s environmental, social, and governance (ESG) impacts, the SEC also aggressively promoted sustainability among businesses, including requiring publicly listed companies to submit sustainability reports annually through SEC Memorandum Circular No. 4, Series of 2019.

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The Outstanding Filipino Emilio B. Aquino Securities and Exchange Commission
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