CHAPTER 3

SEC CODE OF CORPORATE GOVERNANCE FOR

PUBLICLY-LISTED COMPANIES
“CG Code for PLCs”
Securities and Exchange Commission
SEC MC No. 19, Series of 2016

 Nov. 10, 2016 – SEC approved the Cost of

Corporate Governance for publicly-listed
companies.
 Its goal is to help companies develop and
sustain an ethical corporate culture and keep
abreast with recent developments in
corporate governance.
 One of its salient provisions is for PLCs to
establish a code of business conduct and
submit a new manual on Corporate
Goverance that would “provide standards for
professional and ethical behavior as well as
articulate acceptable and unacceptable
conduct and practices.”
 The Board of Directors is required to
implement the code and make sure that
management and employees comply with the
internal policies set.

CODE OF CORPORATE GOVERNANCE

FOR PUBLICLY-LISTED COMPANIES

The Board’s Governance Responsibilities

Principle 1
The company should be headed by a competent,
working board to foster the long-term success of
the corporation, and to sustain its competitiveness
and profitability in a manner consistent with its
corporate objectives and the long-term best
interests of its shareholders and other
stakeholders.