Public investors must assert their right to a board seat

OUTSIDE the families who control Big Business in this country are the public investors who trade and the very rich own what as public companies, but which, in reality, are not public. Being the owners of these companies, the rich and the very rich deprive the public who hold shares in these companies listed on the to a board seat.

Exchange Commission (SEC), particularly the listed companies?

The public investors Chairperson Teresita Herbosa why she and her fellow commissioners deny the companies their right to elect their own representative to the board. Is it because she had inherited the practice from her predecessors?

The recent policy enunciated by the SEC increased the required minimum public ownership of listed companies to 20 percent from 10 percent of outstanding shares “that and are non-strategic in nature, or those not meant for the purpose of gaining substantial

B4