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Corporate Governance Assessment Principle 1

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Corporate Governance Principle 1

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Section I: Ensuring the Basis for an Effective Corporate Governance Framework ANDAYA, KRIZZIA MAY E. BATARIO, JIENA MAICA C. 5BSA

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Section I: Ensuring the Basis for an Efective Corporate Governance FrameworkANDAA! "#I$$IA %A E&BA'A#I(! )IENA %AICA C&*BSAPartially observed means that whi+e the +ega+ an, regu+ator- framework comp+ies with the .rincip+e! practices an, enforcement ,iverge&.rincip+e IA: (vera++ Corporate Governance FrameworkAssessment: .artia++- (/serve,Comment: Improving corporate governance framework0112 .rincip+e IB: 3ega+ Framework enforcea/+e4transparentAssessment: .artia++- o/serve,Comment: 'ransparent +ega+ framework! weak enforcement011201150167.hi+ippines: Enforcement 801679Source: Asian Corporate Governance Association 8ACGA9.hi+ippines 01150112 'here were 237 +iste, companies on the .SE as of Fe/ruar- 0112&0167'here are now 305 +iste, companies on the .SE as of 0167 .hi+ippine Stock E:change 8.SE9The top 50 companies are generally considered to have better corporate governance than other listed companies 'op *1 pu/+ic+- +iste, companies in the .hi+ippines 801679.rincip+e IC: C+ear Division of #egu+ator- #esponsi/i+itiesAssessment: .artia++- (/serve,Comment: C+ear ,ivision of responsi/i+ities0112.rincip+e ID: #egu+ator- authorit-! integrit-! resourcesAssessment: .artia++- (/serve,Comment: SEC /u,get inappropriate0112#E.;B3IC AC' N(&

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