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New corporate governance circular eyed

17 August 2025
in Business
Reading Time: 4 mins read
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New corporate governance circular eyed
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THE SECURITIES and Exchange Commission (SEC) wants to ensure that independent directors of publicly listed companies have security of tenure.

SEC Chairperson Francisco Ed. Lim told reporters on Friday that they are currently looking at issuing a new memorandum circular on corporate governance, including a provision on security of tenure for independent directors.

Mr. Lim said independent directors should have security of tenure during their nine-year term so they can speak up on company policies without fear of being removed from their post.

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