Title 6 - Corporate Governance (May 2024).pdf ✅

STRICTLY PRIVILEGED AND CONFIDENTIAL Corporate Governance ATTY. RICARDO M. PILARES III
CONFIDENTIAL 2 The Corporation Corporation Defined (Sec. 2; Revised Corporation Code) - an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence. Enterprise Risk Limited Liability
Corporate Governance ❑ System of stewardship and control to guide corporations in fulfilling their long-term economic, moral, legal and social obligations towards their stakeholders ❑ System of direction, feedback and control using regulations, performance standards and ethical guidelines to hold the Board and senior management accountable for ensuring ethical behavior. ❑ Long term success; sustainable value Source: https://www.usni.org “Gubernare” “Kubernain” CONFIDENTIAL 3
Corporate Governance Source: https://www.chron.com/local/history/economy- business/article/The-rise-and-fall-of-Enron-9712210.php Source: https://www.newyorker.com/news/news-desk/the-secrets-of- blood-testing-startup-theranos CONFIDENTIAL 4