The Philippine Stock Exchange Tuesday said it has secured the support of the International Finance Corp. to establish the Maharlika Board, a listing segment for companies to voluntarily commit to corporate governance practices beyond those required by law. The IFC, the investment arm of the World Bank, is helping the PSE set up the Maharlika […]
Tag Archives | standards
Comply or Explain for Philippines
James McRitchie, 12/13/2010 ,
Meet corporate governance standards or explain, BusinessWorld Online Edition, 12/21/2010. PSE released a guide book to help listed companies meet corporate governance standards, but there will be no sanctions on firms that fail to comply. Under the bourse’s corporate governance rules, a listed company should develop and execute a sound business strategy, establish a well-structured […]
Exchange Leverage
James McRitchie, 11/18/2010 ,
Stock exchanges can enhance corporate environmental, social and governance (ESG) disclosure and performance by applying ESG standards within IPO and ongoing listing rules, corporate governance codes, and by offering ESG-related traded products. A September 2010 paper by EIRIS, a global provider of ESG research, reviews the increasing role that stock exchanges play in enhancing corporate […]