Corporate

Former Philippine Stock Exchange chair Ma. Vivian Yuchengco is urging the Securities and Exchange Commission (SEC) to withdraw a circular that sets term limits for the bourse’s broker-directors, stating the move weakens fundamental corporate governance principles and shareholder rights. In her statement, Yuchengco emphasized that good governance depends on directors earning and retaining shareholders’ trust, while regulators must respect that electoral choice. She noted that repeated re-election should not be dismissed by the SEC, but rather reinforces the commission’s duty to clearly justify why such a choice should be overridden. Along with fellow director Eddie Gobing, Yuchengco has also filed a petition with the Court of Appeals to have the rule declared unconstitutional; both bring extensive board experience, with Yuchengco having served 28 years and Gobing 25 years.

The Securities and Exchange Commission (SEC) has issued revised guidelines governing mandatory corporate governance training for directors and key officers, aiming to align local practices with international standards and strengthen market trust. This new memorandum circular repeals two older issuances—MC No. 11 (Series of 2012) and MC No. 2 (Series of 2015)—replacing them with streamlined rules that apply to all publicly listed firms, public companies, registered issuers, and accredited training providers.

Manila Electric Co. (Meralco) is pushing for electricity distribution to be treated as strategic national infrastructure as rooftop solar, battery storage, and electric vehicles reshape how power is produced, delivered, and consumed.

Security Bank and MUFG Bank are advancing their 10-year strategic partnership, as MUFG Manila bolsters its presence in the country with an upgrade to a universal banking license this 2026—the same year their alliance marks a decade of collaboration.

For 64 years, Metrobank has stood by Filipinos through changing times, helping customers, businesses, and communities grow stronger. Behind this legacy are Metrobankers whose dedication built the trusted institution it is today.