ALL MEMBERS OF THE BOARD OF DIRECTORS AND KEY OFFICERS OF PUBLICLY LISTED COMPANIES TO ATTEND CORPORATE GOVERNANCE TRAININGS ONLY WITH SEC ACCREDITED TRAINING PROVIDERS
National Administrative Register [ SEC MEMORANDUM CIRCULAR NO. 20, S. 2013, January 01, 2014 ]
The Commission, pursuant to its regulatory and supervisory power under Section 5 of the Securities Regulation Code, hereby directs all key officers and members of the board of publicly-listed companies (PLCs) to attend, at least once a year, a program on corporate governance conducted by training providers that are duly accredited by the Commission.
Participants, through the corporation, shall submit a Certificate of Attendance within ten (10) days from the completion of the program.
This circular shall take effect on January 1, 2014.
For the Commission:
(SGD) TERESITA J. HERBOSA
Chairperson