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Corporate Governance Policy Making and

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Corporate Governance Policy Making and
Pamantasan ng Lungsod ng Maynila

DBA Program – 3rd Term 2013-14

Policy Dynamics

GROUP 4 REPORT

Presented to:
Prof. Ramon A. Victor, Ph.D
February 23, 2014

POLICY ANALYSIS . . . . . . . . . . . . . . . . . . . . . Norvin Palma

GOVERNMENT POLICIES . . . . . . . . . . . . . . . . . . GenevevaDungca
MONETARY & ECONOMIC POLICIES . . . . . . . . . Leticia Lopena
COMPANY POLICIES . . . . . . . . . . . . . . . . . . . . . Maria Rhegel de Jesus
BOARD OF DIRECTORS AND POLICY MAKING . . . . . . . . . . . . . . . . . . . . . . . Claro Ganac
The Role of the Board of Directors in CorporateGovernance and Policy Making in
Philippine Publicly Listed Corporations

By

Claro G. Ganac

Presented to

PROF. RAMON A. VICTOR, PhD
POLICY DYNAMICS

The Role of the Board of Directors in Corporate
Governance and Policy Making

A B S T R A C T

Corporate governance covers a large number of distinct concepts, legal systems and structures and processes that establishes best practices in the high-level direction and control of a corporation by the Board of Directors and Corporate Management.
The conduct and performance of Corporate Governance (CG) in the Philippines for publicly listed corporations is implemented under the Code of Corporate Governance promulgated by the Securities and Commission and related statues and rules set by the Philippine Stock Exchange. The CG system consists of coherent structures, processes and communication requirements that determine the broad powers and responsibilities of the Board of Directors (BOD) and its members in setting directions for the corporation; protecting shareholder rights; ensuring proper compliance of the corporate organization to the principles of accountability, transparency and fairness; and ensuring the installation of proper internal controls and risk management practices.
By virtue of the legal and regulatory framework provided to promote CG in listed corporations, safeguards and best



Bibliography: Anderson, Chris. What 's the Difference Between Policies and Procedures?  Bizmanualz, April 4, 2005 Barnard, Chester, The Functions of the Executive Brown, J. Robert, Jr. and Casey, Lisa L., Corporate Governance: Cases and Materials, 2012 Carver, John, Corporate boards that create value: governing company performance from the boardroom (2002 Jossey-Bass); Harvard Business Review on Corporate Governance (2000 Harvard Business School Press). Code of Corporate Governance, Securities and Exchange Commission Corporation Code of the Philippines Matthias Brauer, Sascha L. Schmidt, (2008) "Defining the strategic role of boards and measuring boards ' effectiveness in strategy implementation", Corporate Governance Journal, Vol. 8 ISS: 5, pp.649 – 660 Patrick Kenny, Corporate Governance in the U. S.: Post-Enron Saldaña, Cesar G., Philippine Corporate Governance Environment and Policy and Their Impact on Corporate Performance, OECD, 1999

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