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                    [ArticleID] => 373414
                    [Title] => PSE opposes SEC rule on independent directorships
                    [Summary] => 



The Philippine Stock Exchange (PSE) is opposing a recent decision by the Securities and Exchange Commission (SEC), disqualifying a stock broker from sitting as an independent director of a listed corporation.


"Totally banning stock brokers as independent directors seems to be unfair," said PSE president Francis Lim.


"As long as brokers are not disqualified under the provision on independent directors under the Corporate Governance Code then they should be allowed to sit as independent directors," he added.


                    [DatePublished] => 2006-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 369243
                    [Title] => SEC may bar brokers from independent directorships
                    [Summary] => The Securities and Exchange Commission (SEC) is planning to disqualify a stockbroker from sitting as an independent director of a corporation affiliated with a company whose shares are being traded by the stockbroker.


The SEC’s Corporation Finance Department said a stockbroker who has been elected as an independent director of a listed corporation should not be allowed to trade shares of other companies that are owned or affiliated with the listed stock to avoid conflict of interest.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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CFD

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 373414
                    [Title] => PSE opposes SEC rule on independent directorships
                    [Summary] => 



The Philippine Stock Exchange (PSE) is opposing a recent decision by the Securities and Exchange Commission (SEC), disqualifying a stock broker from sitting as an independent director of a listed corporation.


"Totally banning stock brokers as independent directors seems to be unfair," said PSE president Francis Lim.


"As long as brokers are not disqualified under the provision on independent directors under the Corporate Governance Code then they should be allowed to sit as independent directors," he added.


                    [DatePublished] => 2006-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 369243
                    [Title] => SEC may bar brokers from independent directorships
                    [Summary] => The Securities and Exchange Commission (SEC) is planning to disqualify a stockbroker from sitting as an independent director of a corporation affiliated with a company whose shares are being traded by the stockbroker.


The SEC’s Corporation Finance Department said a stockbroker who has been elected as an independent director of a listed corporation should not be allowed to trade shares of other companies that are owned or affiliated with the listed stock to avoid conflict of interest.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PSE opposes SEC rule on independent directorships

By Zinnia B. Dela Peña | December 5, 2006 - 12:00am

The Philippine Stock Exchange (PSE) is opposing a recent decision by the Securities and Exchange Commission (SEC), disqualifying a stock broker from sitting as an independent director of a listed corporation. "Totally...

Business

SEC may bar brokers from independent directorships

By Zinnia B. Dela Peña | November 17, 2006 - 12:00am

The Securities and Exchange Commission (SEC) is planning to disqualify a stockbroker from sitting as an independent director of a corporation affiliated with a company whose shares are being traded by the stockbroker. The...

Business