Draft Memorandum Circular on Signatories and Penalty for Non-Compliance with the Requirement of Manual on Corporate Governance

July 9, 2020SEC NOTICETO : All Interested Parties   SUBJECT: Draft Memorandum Circular on Signatories and Penalty for Non-Compliance with the Requirement of Manual on Corporate Governance The public is invited to submit their comments, feedbacks and inputs on the draft Memorandum Circular on Signatories and Penalty for Non-compliance with the Requirement of Manual on Corporate Governance on or before 19 July 2020 (Sunday). CAIHTEIt is requested that comments/inputs be emailed to [email protected] using the template provided.Issued on July 9, 2020.ATTACHMENTSEC MEMORANDUM CIRCULAR NO. ______Series of 2020 TO : PUBLIC COMPANIES AND REGISTERED ISSUERS   SUBJECT: SIGNATORIES AND PENALTY FOR NON-COMPLIANCE WITH THE REQUIREMENT OF MANUAL ON CORPORATE GOVERNANCE Public Companies (PCs) and registered issuers (RIs) are mandated to submit a new Manual on Corporate Governance (MCG) pursuant to SEC Memorandum Circular No. 24, Series of 2019 1 within six (6) months from the effectivity date thereof, 2 or until 12 July 2020.However, due to extraordinary circumstances brought about by the COVID-19 pandemic, the Commission, in its en banc meeting on 7 July 2020, resolved to...