Corporate regulators have affirmed the Philippine Stock Exchange’s decision to delist agribusiness firm Calata Corp. and bar its founder, Joseph Calata, from being an officer or board member of any listed firm for life.

In a statement on Monday, the Securities and Exchange Commission (SEC) said it also approved the disqualification of several other Calata officials from holding directorships/executive officer positions in an issuer as decided by the PSE in a November 2017 ruling.