Revised Code of Corporate Governance

Republic of the Philippines SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Greenhills Mandaluyong City SEC Memorandum aviator No. 6 Series of 2009 REVISED CODE OF CORPORATE presidency Pursuant to its mandate under the Securities Regulation Code and the jackpot Code, the Securities and commutation Commission (the Commission), in a face-off held on June 18, 2009, approved the promulgation of this Revised Code of incarnate Governance (the Code) which sh all apply to registered corporations and to branches or subsidiaries of foreign corporations operate in the Philippines that (a) sell equity and/or debt securities to the public that atomic number 18 required to be registered with the Commission, or (b) have assets in overabundance of Fifty Million Pesos and at least two hundred (200) stockholders who own at least one hundred (100) shares for each one of equity securities, or (c) whose equity securities are listed on an Exchange; or (d) are grantees of secondary licenses from the Commission.

Article 1: translation of Terms a) Corporate Governance the framework of rules, systems and processes in the corporation that governs the implementation by the Board of Directors and Management of their respective duties and responsibilities to the stockholders; b) Board of Directors the governing body elected by the stockholders that brings the corporate powers of a corporation, conducts all its business and controls its properties; c) Exchange an organized market place or facility that brings together buyers and sellers, and executes trades of securities and/or commodities; d) Management the body prone the authority by the Board of Directors to implement the policies it has laid crop up in the conduct of the business of the corporation; e) Independent music director a person who, apart from his fees and shareholdings, is independent of management and poverty-stricken from any business or other relationship which could, or could reasonably be perceived to, materially interfere with his exercise of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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