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Nasdaq's rules say that an independent director must not be an officer or employee of the company or its subsidiaries or any other individual having a relationship that, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team.
Designed to familiarize directors and top management with Corporate Governance in the Philippine setting, this course focuses on: the principles of Good Governance, Best Practices, and Finance. An additional half-day session on Audit, Risk, and Governance Committees is made available especially for individuals in the banking or financial sector.
At the time of his appointment as Secretary of Trade and Industry, he was the President of the Management Association of the Philippines (MAP) and an independent director of publicly-listed companies including SM Investments, Concepcion Industrial, and Megawide Construction. He was also a former chief executive officer of the Institute of ...
Adoption by the Philippine Electricity Market Board and the general membership of the Philippine Electricity Market Corporation (PEMC) of the "Plan for Transition to the Independent Market Operator of the Wholesale Electricity Sport Market". This was adopted in a Special Membership Meeting of PEMC specially called for the purpose on 6 February ...
I.K.E. (Idiotiki Kefalaiouchiki Etaireía / Ιδιωτική Κεφαλαιουχική Εταιρεία) = Private Company, minimum capital=€0. The shares do not take the form just of capital but also warranties, labor offer etc. This form is a composite form between A.E. E.P.E and O.E. which is greatly affected by the Articles of Incorporation.
The Securities and Exchange Commission (Filipino: Komisyon sa mga Panagot at Palitan; SEC) is the agency of the government of the Philippines charged with the registration and supervision of corporations and securities, as well as capital market institutions and participants, in the Philippines. The commission promotes investor protection in ...
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.