Coping with the challenges:The 2016 Corporate Governance Code for Publicly Listed Companies

The Securities and Exchange Commission (SEC) released in November the new Code of Corporate Governance for Publicly Listed Companies that introduced changes to further strengthen the core principles of fairness, accountability and transparency. The provisions of the 2009 Revised Code of Corporate Governance are still effective for covered companies that are not listed in an exchange. The development of the new code was also guided by the recent changes in the Organization for Economic Cooperation and Development (OECD) principles of corporate governance released in September 2015, and from a series of discussions with other corporate governance advocates in the region.