SEC asks firms to do videoconferencing for board, stockholders’ meetings

The Securities and Exchange Commission (SEC) here has asked companies to utilize remote technologies like videoconferencing for their board and stockholders’ meetings in lieu of face-to-face interactions to help prevent the spread of the coronavirus disease (COVID-19).

Katrina Jamilla Ponco-Estares, OIC director of the SEC-Davao Extension Office, urged the companies to follow SEC Memorandum Circular No. 6, Series of 2020, allowing the “use of modern technology in corporate events” to maximize “company outputs while at the same time helping fight to curb the outbreak.” […]