The Philippine Securities and Exchange Commission has issued revised corporate governance training rules for publicly listed companies, public companies and registered issuers, following consultations earlier in 2026. Board members and key officers must complete role-appropriate training at least once each calendar year, while first-time nominee-directors and prospective key executive officers must complete initial training before appointment. The guidelines replace rules issued in 2012 and 2015. Training may be delivered onsite, online or in hybrid form by an accredited institutional training provider or through an accredited in-house program. Institutional providers must pay a PHP 50,000 fee for five-year accreditation and obtain accreditation for each speaker, while in-house program fees are PHP 10,000 for publicly listed companies and PHP 5,000 for other covered entities. Exemptions apply to qualifying accredited speakers and participants in specified global or regulator-led training. Providers and companies are subject to reporting requirements, with violations carrying fines of up to PHP 50,000 and a fourth violation potentially resulting in suspension or revocation of accreditation.
2026-09-17Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission revises annual corporate governance training and accreditation rules
The Philippine Securities and Exchange Commission has finalized revised annual corporate governance training requirements for directors and key officers of publicly listed companies, public companies and registered issuers. The rules update accreditation and fees for institutional providers, speakers and in-house programs, while introducing exemptions, reporting duties and fines of up to PHP 50,000. A fourth violation may lead to suspension or revocation of accreditation.