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Manila Bulletin devider Business devider The Stock Market devider SEC calls for collective action to beef up corporate governance

SEC calls for collective action to beef up corporate governance

Published Dec 3, 2025 04:10 pm
SEC Chairperson Francis Lim (third from left), together with SEC Chief Counsel Mara Louise A. Ruiz, SEC CGFD Director Rachel Esther J. Gumtang-Remalante, GRI Head ASEAN Regional Hub, GRI Country Manager Vincent De Paz, GRI Program Associate Ef Aguilar joins the 12th Corporate Governance Forum
SEC Chairperson Francis Lim (third from left), together with SEC Chief Counsel Mara Louise A. Ruiz, SEC CGFD Director Rachel Esther J. Gumtang-Remalante, GRI Head ASEAN Regional Hub, GRI Country Manager Vincent De Paz, GRI Program Associate Ef Aguilar joins the 12th Corporate Governance Forum
SEC Commissioner Rogelio Quevedo
SEC Commissioner Rogelio Quevedo
The Securities and Exchange Commission (SEC) called for collective action to strengthen corporate governance standards and promote sustainability-oriented decision-making.
The SEC recently concluded the 12th Corporate Governance Forum, which was held in partnership with Institute of Corporate Directors (ICD), Global Reporting Initiative (GRI), United Nations Development Program (UNDP), UN Children’s Fund (UNICEF), Philippine Sustainability Reporting Committee (PSRC), and Komunidad.
The forum brought together leaders from the government, business sector, development organizations, academe, and civil society.
SEC Commissioner Rogelio V. Quevedo emphasized the crucial role of the private sector in restoring and strengthening trust amid ongoing national conversations on corruption and misuse of public funds, adding that governance failures in the public sphere inevitably affect business and investors.
“When trust collapses in the public sector, the private sector is also affected because trust is the foundation of all transactions. Trust is the currency that never loses value,” he noted.
Quevedo also highlighted that corporate governance is not merely about compliance but about making ethical choices that protect communities, stakeholders, and the reputation of the organization.
The forum also featured a keynote speech by Institute for Solidarity in Asia (ISA) founder Jesus Estanislao, and discussions led by resource persons from the Asian Development Bank (ADB), Makati Business Club (MBC), University of the Philippines-National College of Public Administration and Governance (UP-NCPAG), Converge ICT Solutions Inc., SM Investments Corp. (SMIC), and Minority Shareholders Watch Group (Malaysia).
Topics discussed included governance best practices, sustainability integration, insights from the 2024 Association of Southeast Asian Nations (ASEAN) corporate governance scorecard assessment, and key regulatory updates from the Commission.
The SEC also partnered with UNICEF Philippines to highlight child-rights integration in business operations, with country representative Kyungsun Kim presenting the importance of embedding a child-rights lens in governance and sustainability frameworks.
On the other hand, Allinnettes Go-Adigue, head of GRI’s ASEAN regional hub, led a technical workshop on aligning International Sustainability Standards Board (ISSB) and GRI sustainability reporting standards to help companies navigate evolving disclosure requirements.
The event concluded with the 2025 Gender and Development (GAD) Awards, which recognized companies and leaders advancing gender diversity and sustainability in the private sector.
This year’s most women directors/trustees awardees were Monde Nissin Corp., Hypertech Wire and Cable Inc., and Alalay sa Kaunlaran Mutual Benefit Association (MBA) Inc.
The private-sector sustainability champion award was conferred on Cynthia G. Casiño of Metro Pacific Tollways Corp. (MPTC) and Maria Yolanda Crisanto of Globe Telecom Inc., both honored for their strong leadership and contributions to sustainability and responsible business conduct.
The SEC said it remains committed to strengthening corporate governance and promoting sustainability practices across Philippine corporations. Through its partnerships and capacity-building initiatives, the Commission continues to promote transparency, accountability, and long-term value creation in the corporate sector.

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Securities and Exchange Commission Rogelio V. Quevedo
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