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Two weeks once I posted my article, “Corporate Governance and Cybersecurity”, I notion it can additionally be of interest to the public if I will use this column to discuss similarly one of the different maximum talked-approximately and urgent issues within the Securities and Exchange Commission’s (SEC) Corporate Governance and Finance Department (CGFD) – theContinue reading “KELVIN LESTER LEE”

Section 1, items A to H of SEC MC No. 18, series of 2019, which took effect on Sept. 8, 2019, mainly enumerates the acts which constitute unfair series practices. Any violation of this MC shall situation FCs and LCs to the following consequences: 1) For LCs, P25,000.00 for the first offense and P50,000.00 forContinue reading “Crackdown on unfair practices by means of financing, lending corporations”

If a home stock employer duly registered with the Securities and Exchange Commission (SEC) intends to redeem the desired stocks issued to certainly one of its company subscribers, can such enterprise redeem the preferred shares even inside the absence of unrestricted retained earnings (URE) and with out violating existing legal guidelines, as well as theContinue reading “Redemption of favored stocks”

I am reproducing beneath edited excerpts of my quick keynote speech in the course of the latest SEC Cybersecurity Briefing. My keynote touched on what I consider is a timely subject matter: the interconnection among corporate governance and cybersecurity. I wish you may allow me to use this column to problematic. Now, before I begin,Continue reading “Corporate governance and cybersecurity”

Existing stockholders can maintain their proportionate hobby in a employer inside the occasion the latter issues extra stocks with the aid of exercising their preemptive proper, also called the right of first refusal. Preemptive right refers back to the right granted to stockholders to have the first option to subscribe to any future issuance orContinue reading “The preemptive proper of shareholders”