Chapter 4

• On February 20, 2019, Du30 signed into law the Revised Corporation Code of the Philippines (Republic Act No. 11232).
• The Revised Code aims to improve the ease of doing business in the country and took effect on February 23, 2019.
• Simplifying RA 11232: R O P E E
• Strengthening corporate governance: A A E
• Direction - providing overall direction for the business, its leaders and employees is a major part of corporate governance. Making strategic decisions and discussing current and future concerns of the company are tactics of this element.
• Oversight - In publicly owned companies, for instance, company boards monitor and evaluate decisions and actions of CEOs and other executive officers. This ensures that leaders act in the best interest of shareholders and other stakeholders.
• Stakeholder relation - corporate governance encompasses a business' accountability to each of its stakeholder groups. Traditionally, this role has largely centered on investor relations and communication of company decisions.
• Corporate Citizenship - another major evolution in the early 21st century is increased focus on this element. In general, governance includes an awareness that companies should balance profit-generating activities with responsible policies and practices.