Best practices for directors

MANILA, Philippines - Under the Securities and Exchange Commission’s (SEC) stricter rules on financial reporting (SRC 68) and its revised code of corporate governance implemented in 2009, the board and management must be aware of the following mandatory requirements: 1) That the chairman of the board, the president, and the CFO are now required to sign the financial report before it is submitted to SEC. 2) That the corporation’s board is responsible to review all financial statements before these are submitted to the stockholders. For a decision-maker, this means more accountability for the board and the management. How do you ensure the accuracy, integrity, and timeliness of your financial report? 

To address these issues and help corporations cope with these regulations in the interest of better governance, CGBP is launching two special programs for board directors to be run only once this year for the benefit of the public: 1) Best practices for corporate housekeeping – Seminar date: June 23 & 24. MCLE-accredited by the Integrated Bar of the Philippines (IBP) 2)  Best practices for audit committees – Seminar date: July 1 & 2. CPE-accredited by Philippine Institute of Public Accountants (PICPA) Full details are available at www.cgbp.org.

For queries, contact program officer Ivy Enriquez at email [email protected] and telephone numbers 842-7148/ 59 or 556-8968/ 69.