WB reviews RP's corporate governance framework

30 May 2006 - The World Bank report provides an assessment of the corporate governance framework in the Philippines–its laws and regulations, supervisory and enforcement mechanisms, and the market environment, with particular attention to the securities markets. The report is an update of the assessment that was carried out in 2001 and highlights the key issues, a summary of observance of OECD Corporate Governance Principles, and recommendations for change.

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The private sector plays a vital role in building consensus against corruption. Without the help of companies and private citizens, no reform can be sustained.

By promoting good corporate governance, we can raise investor confidence, develop the capital market, and help sustain economic growth.