Draft Corporate Governance (CG) Module for the SEC Certification Examination

January 31, 2019ECONOMIC RESEARCH AND TRAINING DEPARTMENTTO: All Capital Market Participants/Professionals and Other Interested Parties   SUBJECT:Draft Corporate Governance (CG) Module for the SEC Certification Examination NOTICEThe Commission invites the stakeholders and interested parties to provide comments on the attached draft Corporate Governance (CG) Module for the SEC Certification Examination. This will serve as a study material for prospective capital market professionals who will take Phase 1 of the SEC Certification Examination.Comments on the said draft may be submitted through email to Ms. Rosemarie O. Aguilar ([email protected]) of the Economic Research and Training Department until 22 February 2019. Issued on January 31, 2019.ATTACHMENTCorporate Governance Course SyllabusI. INTRODUCTIONDefinition of Corporate GovernanceWhat is corporate governance?• The system of stewardship and control to guide organizations in fulfilling their long-term economic, moral, legal and social obligations towards their stakeholders.• Corporate governance is a system of direction, feedback and control using regulations, performance standards and ethical guidelines to hold the Board and senior management accountable for ensuring ethical behavior — reconciling long-term customer satisfaction with shareholder value — to the...