Regulatory Alerts2021-12-31
SEC Memorandum Circular No. 13 Series of 2021: Annual Corporate Governance Report
The Securities and Exchange Commission mandates all public companies and registered issuers to submit an Annual Corporate Governance Report to disclose compliance with the Code of Corporate Governance. Covered entities must file two notarized copies by June 30 of the following year, signed by key board and executive officers, while listed companies are excluded from this specific requirement. The circular establishes specific penalties for non-submission, incomplete disclosures, or misrepresentation and repeals inconsistent prior issuances.
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