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+ Follow ANTHONY CONWAY AND PETER GO PAILIAN Tag
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[ArticleID] => 334871
[Title] => SEC reprimands EPCIB for code violation
[Summary] => Equitable PCI Bank received a mere slap on the wrist from the Securities and Exchange Commission (SEC) despite findings it violated the independent director provision of the Securities Regulation Code (SRC).
This as the SEC approved the recommendation of its Compliance and Enforcement Department (CED) to not impose criminal and administrative sanctions against EPCIBank and its nomination committee.
The CED opted to just impose the penalty of reprimand on EPCIBank with a stern warning that any future violations will be severely dealt with in accordance with law.
[DatePublished] => 2006-05-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
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[ArticleID] => 317488
[Title] => SEC finds violation in appointment of 2 EPCIB independent directors
[Summary] => The Securities and Exchange Commission has found the appointments of Presidential Adviser Roberto Romulo and Cesar Bautista as independent directors of Equitable-PCI Bank in violation of the Securities Regulation Code (SRC).
Based on the investigation conducted by the SECs Compliance and Enforcement Department (SEC-CED), Romulo and Bautista are not fit to sit as independent directors in EPCI Bank subject to the requirements of Sec. 38 of the SRC.
[DatePublished] => 2006-01-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
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ANTHONY CONWAY AND PETER GO PAILIAN
Array
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[results] => Array
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[0] => Array
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[ArticleID] => 334871
[Title] => SEC reprimands EPCIB for code violation
[Summary] => Equitable PCI Bank received a mere slap on the wrist from the Securities and Exchange Commission (SEC) despite findings it violated the independent director provision of the Securities Regulation Code (SRC).
This as the SEC approved the recommendation of its Compliance and Enforcement Department (CED) to not impose criminal and administrative sanctions against EPCIBank and its nomination committee.
The CED opted to just impose the penalty of reprimand on EPCIBank with a stern warning that any future violations will be severely dealt with in accordance with law.
[DatePublished] => 2006-05-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 317488
[Title] => SEC finds violation in appointment of 2 EPCIB independent directors
[Summary] => The Securities and Exchange Commission has found the appointments of Presidential Adviser Roberto Romulo and Cesar Bautista as independent directors of Equitable-PCI Bank in violation of the Securities Regulation Code (SRC).
Based on the investigation conducted by the SECs Compliance and Enforcement Department (SEC-CED), Romulo and Bautista are not fit to sit as independent directors in EPCI Bank subject to the requirements of Sec. 38 of the SRC.
[DatePublished] => 2006-01-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
By Zinnia B. Dela Peña | May 4, 2006 - 12:00am
By Zinnia B. Dela Peña | January 20, 2006 - 12:00am
Recommended
Sen. Mark Villar yesterday bolted the minority led by Sen. Alan Peter Cayetano to join the majority, beefing up the composition of the dominant bloc to 14 of the 24 senators. Villar’s move to join the majority led by Senate President Sherwin Gatchalian was confirmed during yesterday’s plenary session, where Majority Leader Juan Miguel Zubiri also revealed Villar’s election as the new chairman of the Senate public works committee and member of the Commission on Appointments.
8 hours ago
The Senate impeachment court took a short break yesterday, allowing senators to hold a legislative session in the afternoon and pass a bill banning the use of social media for minors.
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Spouses Vice President Sara Duterte and Manases Carpio earned only a total of P85.3 million as lawyers in a span of 18 years from 2007 to 2025, an official of the Bureau of Internal Revenue disclosed before the Senate impeachment court yesterday.
8 hours ago
Senators passed a resolution yesterday ratifying the country’s Status of Visiting Forces Agreement (SOVFA) with France, which was signed in Paris last March.
8 hours ago
Vice President Sara Duterte did not appear at the National Bureau of Investigation (NBI) headquarters yesterday to personally answer the allegations hurled against her by dismissed police officer Rodulfo Gracioso Jr.
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