SEC hailed top performing agency in FOI Program

The Securities and Exchange Commission (SEC) was recognized as one of the top performing agencies in the implementation of the Freedom of Information (FOI) Program of the Executive Branch, proof of its commitment to transparency by ensuring open access to information.

The Presidential Communications Office, led by its FOI-Project Management Office, presented the award, given to government agencies with 500 to 999 requests and with at least 90% closed transactions, to the SEC during the FOI Summit and Awards in Pasay City on November 20.

The SEC received the same recognition in 2019, 2020, and 2022.

The FOI Summit and Awards is an annual gathering of leading government and non-government FOI practitioners, partners, champions, and advocates that aims to inform the public about the developments in the implementation of the FOI program and recognize the critical contribution of key FOI implementers.

“Transparency is an integral part of promoting good governance in the corporate sector, which is why we have always ensured that the public can freely exercise their right to information through the FOI program,” SEC Chairperson Emilio B. Aquino said.

“Rest assured that the SEC will continue to promptly respond to requests through the FOI program as we also hope to promote excellence in the government service.”

The SEC has continuously advocated for good governance, sustainability, and transparency. During the celebration of its 87th anniversary, Department of Finance Secretary Benjamin E. Diokno commended the SEC for being a global champion in good governance and ensuring the continued integrity of the Philippine financial system.

From 2021 to 2023, the Commission has consistently been awarded the Global Good Governance (3G) Advocacy and Commitment to Corporate Governance Award by London-based Cambridge International Finance Advisory for the continued strong commitment to good corporate governance practices and policies.

In 2022, the SEC received for the fifth consecutive year an unmodified opinion from the Commission on Audit, reflecting its efforts to ensure transparency and accountability in financial management.