RCC’s improved minority protection provisions

EUNEY MARIE MATA-PEREZ

In ranking the ease of doing business (EODB) of economies, the World Bank (WB) also evaluates a country’s protection of the interests of minority investors. In this regard, it considers two indices, namely, 1) conflicts of interest regulation, and 2) shareholders’ rights in corporate governance. Republic Act No. 112321 or the Revised Corporation Code (RCC) of the Philippines introduced several amendments and new provisions which seek to improve minority shareholder protection. These provisions should contribute to improving our country’s EODB ranking.