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ACGA Blog: Corporate governance reformer appointed new Philippine SEC Chairperson

On June 3, President Ferdinand R. Marcos Jr. appointed Francis Ed. Lim as the new Chairperson of The Securities and Exchange Commission (SEC). Attorney Lim assumed the role as Chairperson on June 10, succeeding previous Chairperson, Emilio B. Aquino, who served his mandated and indeed, successful seven-year term.

Lim may be familiar to ACGA members. A senior and successful corporate lawyer in Manila, between 2004 and 2010, he served as the President and CEO of the Philippines Stock Exchange (PSE), where he led several important CG reforms in an attempt to bring local CG standards in line with regional standards. Indeed, it was under Lim’s leadership that the PSE launched the Maharlika Board CG initiative, writes Chris Leahy, ACGA Specialist Advisor for Southeast Asia. Read more here.