(NAR) VOL. 20 NO.2 / APRIL - JUNE 2009
The Commission En Banc in its meeting on May 13, 2009 resolved to adopt the following administrative penalties for failure to comply with the Commission’s directive to participate in the corporate governance survey:
1st Offense Reprimand
2nd Offense P25,000.00
3rd Offense P50,000.00
This Circular shall take effect fifteen (15) days after publication in two (2) newspapers of general circulation in the Philippines.
Adopted: 08 June 2009
FOR THE COMMISSION:
(SGD.) FE B. BARIN
Chairperson