What two specific reports, in addition to the standard annual financial statement and GIS, must corporations vested with public interest submit?
Corporations vested with public interest are subject to heightened reporting requirements beyond the general annual financial statements and general information sheet (SEC. 177, Revised Corporation Code of the Philippines). These entities must submit a director or trustee compensation report, detailing the remuneration received by their board members. They must also submit a director or trustee appraisal or performance report, which explicitly includes the standards or criteria used to assess the performance of each director or trustee. These reports enhance governance and accountability to the public and minority investors.
02 November 2025
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