THE Securities and Exchange Commission (SEC) said its effort to cut processing time for company registration and its other initiatives to make the country business-friendly allowed it to be recognized by businessmen as one of the top performing government agencies.
The SEC landed in the top 10 in the latest Executive Outlook Survey conducted by the Makati Business Club (MBC), in partnership with the Management Association of the Philippines (MAP), on the performance of government agencies.
The agency joins the Bangko Sentral ng Pilipinas, National Economic and Development Authority, Philippine Atmospheric, Geophysical and Astronomical Services Administration, Department of Trade and Industry, Philippine Statistics Authority, Department of Finance, Board of Investments, Department of Tourism, Armed Forces of the Philippines and Philippine Economic Zone Authority in the top 10.
“The results of the latest survey serve as another vote of confidence in our unwavering determination to create an enabling regulatory environment for business and investment,” SEC Chairman Emilio B. Aquino said.
“We will remain proactive and progressive in developing the corporate sector and capital market toward good corporate governance, protection of investors, widest participation of ownership and democratization of wealth. Among others, we will continue to improve our company registration and information systems and pave the way for innovative securities and ventures,” he added.
The survey asked 100 executives from 100 companies whether they were satisfied with the performance of government agencies in the past year, from July 2018 to June 2019. Of the 69 government agencies assessed, 42 received positive satisfaction ratings.
The SEC has consistently landed in the top 10 in the past surveys conducted by the MBC. The last survey on the performance of government offices, agencies and services was conducted in 2015.