Practice question
In considering additional public-interest coverage, the SEC examines minority ownership and financial products offered to investors. A company says those factors are expressly irrelevant. Which is correct?
- Only the office’s wall color matters
- The Code prohibits considering investors
- Only the corporate name determines every risk
- No regulator may examine business operations
- Section 22(c) expressly names them among relevant factors
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Section 22(b)-(c) and definition of independent director.
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