SGV hosts forum on Annual Corporate Governance Reporting

SGV hosted on 18 June a forum on Annual Corporate Governance Reporting (ACGR) at the WSDC. The event aimed to provide clarity and insights for both clients and SGV staff on the recently released Securities and Exchange Commission (SEC) Memorandum Circular 5 on the new Annual Corporate Governance Reporting requirements, which are due on 1 July 2013.

More than 135 people from different companies attended the forum, which was spearheaded by Chief Risk Officer and Market Group 6 Leader Leo Matignas and Risk partner Becca Sarmenta. In his welcome remarks, Leo stressed that ACGR encourages the ideals of transparency and better governance within companies. The main speaker for the event was Atty. Justina Callangan, Director of the Corporation Finance Department for the SEC, who said that ACGR aims to help companies become more competitive. She also reminded companies to revisit their policies regularly.A lively open forum followed Atty. Callangan’s presentation.