SEC Internal Guidelines on Attendance in Meetings through Teleconferencing by Commissioners, Directors, Heads of Special Offices and Other Resource Persons

February 17, 2016SEC INTERNAL GUIDELINES ON THE ATTENDANCE AND PARTICIPATION OF COMMISSIONERS, DIRECTORS, HEADS OF SPECIAL OFFICES, AND OTHER RESOURCE PERSONS, IN COMMISSION AND EXECUTIVE SESSION MEETINGS THROUGH TELECONFERENCING, WEB CONFERENCING, VIDEOCONFERENCING AND OTHER REMOTE OR ELECTRONIC MEANSPursuant to Section 4.5 of the Securities Regulation Code and Section 27 of Electronic Commerce Act, the Commission En Banc, in its meeting on February 17, 2016, resolved, under SEC Resolution No. 116, series of 2016, to adopt the following internal guidelines on the attendance and participation of Commissioners, Directors, Heads of Special Offices, and Other Resource Persons, in Commission and Executive Session Meetings through teleconferencing, web conferencing and video conferencing and other remote or electronic means. SECTION 1. Definitions. — Teleconferencing is the holding of a conference among people remote from one another by means of telecommunication devices such as telephones or computer terminals. 1 Web conferencing is a form of real-time communication in which multiple computer users, all connected to the internet, see the same screen at the same time in their web browsers. 2 Videoconferencing...