SEC finalizes measures to help firms cope with COVID-19

The Securities and Exchange Commission (SEC) is finalizing measures to help firms cope with the impact of the coronavirus disease (COVID-19).

These measures will allow corporations to use remote communication for regular and special meetings and extend the filing period for annual reports.

Upon approval, the SEC will issue a memorandum circular providing guidelines on how directors, trustees, stockholders, members, and other officers can participate in meetings remotely under Republic Act 11232.