The Securities and Exchange Commission (SEC) continues to spearhead corporate governance reforms pursuant to Republic Act 11232, otherwise known as the “Revised Corporation Code of the Philippines” (RCC).

Three weeks after I wrote about the proposed rules on the notice period for regular meetings of stockholders/members, the SEC released another set of rules seeking to promote good corporate governance and the protection of minority investors, for public comment, by regulating the sale or disposal of corporate properties and assets.