Shareholders' Association of the Philippines, Inc.

05/08/2026

In her latest MAP Insights column for BusinessWorld, SharePHIL Chairperson Ma. Aurora "Boots" D. Geotina-Garcia explores a question at the heart of shareholder protection: Is independence enough?

A director may satisfy every regulatory test for independence yet still fail to exercise independent judgment. Drawing on the SEC's recent reforms to strengthen board independence — including the nine-year cap on cumulative tenure — she argues that meaningful independence is not a permanent status but a continuing responsibility. It requires the courage to ask difficult questions, challenge assumptions, and uphold the long-term interests of the organization above the comfort of consensus.

At SharePHIL, we believe that strong corporate governance is built not only on compliance with rules but also on integrity, accountability, and genuinely independent thinking. This is a worthwhile read for directors, investors, and governance advocates alike.

Read the full column here:

Independent directors are a cornerstone of good corporate governance. They are expected to provide objective oversight, challenge management when necessary, and safeguard the long-term interests of shareholders and stakeholders. Yet as governance practices evolve, an important question remains: Is i...

29/07/2026

Hosting Power or Becoming Powerful? The Philippines at a Strategic Crossroads

At SharePHIL, we are pleased to share this article by Romeo G. David, former SharePHIL Trustee and current SharePHIL member, featured by the Management Association of the Philippines (MAP).

In "Hosting Power or Becoming Powerful? The Philippines at a Strategic Crossroads," Mr. David examines the proposed Economic Security Zones in Clark and Subic and argues that the Philippines should move beyond hosting foreign investment to capturing lasting value through domestic processing and manufacturing, technology transfer, workforce development, and enforceable commitments negotiated in the national interest. He also underscores the importance of transparency in decisions that have long-term economic and strategic implications.

These themes — value creation, accountability, and transparency — resonate with SharePHIL's long-standing advocacy for good corporate governance, investor confidence, and the sustainable development of the Philippine capital market.

We invite our members and partners to read the full article and reflect on how the Philippines can turn strategic opportunity into durable, broad-based growth.

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The Philippines is once again being positioned at the center of great power strategy. The proposed “Economic Security Zones” in Clark and Subic are being presented as engines of growth—sources of investment, employment, and infrastructure. On the surface, they are exactly what the country need...

28/07/2026

National Renewal Through Conversion: Rebuilding our Nation

At SharePHIL, we are pleased to share this thought-provoking article by Rex C. Drilon II, former SharePHIL Trustee, featured by the Management Association of the Philippines (MAP).

In "National Renewal Through Conversion: Rebuilding our Nation," Mr. Drilon reflects on the importance of integrity, ethical leadership, and shared responsibility in building stronger institutions and a more resilient Philippines. The message resonates with SharePHIL's long-standing advocacy for good corporate governance, transparency, accountability, and investor confidence.

As shareholders, directors, executives, and market participants, we all have a role to play in fostering a culture where trust and responsible stewardship drive sustainable growth.

We invite our members and partners to read the full article and join the conversation on the values that underpin good governance and nation-building.

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Every election season, every change of administration, and every national crisis brings forth from the public, private and civil society sectors still another wave of proposals to solve the Philippines’ enduring problems. Experts recommend reforms in education, healthcare, agriculture, governance,...

27/07/2026

Beyond the Numbers.

The conversations continue.

Here's a look back at the 2026 SharePHIL Investor Relations Forum.

Under the theme "Beyond the Numbers: Crafting the Corporate Narrative," investor relations professionals, corporate leaders, communications practitioners, finance executives, regulators, and capital market stakeholders came together to explore how trust, transparency, and compelling corporate narratives strengthen companies and deepen investor confidence.

Our thanks to the speakers and panelists who shared their insights and experiences, and to everyone who joined us and contributed to the discussions.

Our sincere thanks to the partners and sponsors whose support made the Forum possible:

*Event Partner: GCash
*Principal Sponsors: Euroland Investor Relations Services and Cebu Landmasters, Inc.
*Co-Sponsors: Top Line and DigiPlus

Together, we continue to advance investor education, promote excellence in investor relations, and help build a stronger, more transparent Philippine capital market.

🎥 Enjoy the highlights here: https://youtu.be/OOgNu0TRskc

Stay tuned for the full Forum video, coming soon.

SharePHIL 2nd GMM and Investor Relations Forum17 July 2026 Video...

23/07/2026

Do you have the legal standing to demand accountability?

In her latest The Manila Times column, SharePHIL Trustee Atty. Euney Marie Mata-Perez explains the concept of **locus standi** or legal standing—the requirement that a party have a sufficient legal interest before the courts can hear a case. She also discusses the limited circumstances when the Supreme Court has relaxed this requirement for issues of transcendental importance.

At SharePHIL, we believe this principle extends beyond constitutional law. In the corporate setting, investors should likewise understand when they have the legal standing to assert their rights, challenge corporate actions, and hold directors and officers accountable under the law. Knowing your rights—and when you can enforce them—is an essential part of responsible share ownership.

Legal knowledge empowers better investors.

📖 Read the full article: https://www.manilatimes.net/2026/07/23/business/top-business/when-is-there-legal-standing-to-sue/2389600

THE Supreme Court can exercise its power of judicial review only when the following requisites are met: the existence of an actual and appropriate case, a personal and substantial interest of the party raising the constitutional question, the exercise of judicial review is pleaded at the earliest op...

18/07/2026

What a day!

Thank you to everyone who joined us at the SharePHIL Investor Relations Forum 2026: Beyond the Numbers: Crafting the Corporate Narrative.

It was an afternoon of engaging conversations, practical insights, and meaningful connections among investor relations, corporate communications, and capital market professionals.

Here's a quick look at today's event. More highlights are coming soon!

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

15/07/2026

Beyond the numbers are the stories that build trust.

As the Philippine capital market continues to evolve, investor relations plays an increasingly important role in fostering transparency, strengthening investor confidence, and communicating the long-term value of companies.

In today's The Philippine Star, SharePHIL shares why investor relations matters more than ever, how the Investor Relations Circle (IRC) is helping advance the profession in the Philippines, and how Project RISE and our strategic partnerships are empowering more Filipinos through investor education and financial literacy.

📰 Read our latest SharePHIL Investors Viewpoint article: "Beyond the Numbers: Why Investor Relations Matters More Than Ever" here:

https://www.philstar.com/business/2026/07/15/2542127/beyond-numbers-why-investor-relations-matters-more-ever

📅 We also invite you to join us this July 17 at the SharePHIL Investor Relations Forum 2026, "Beyond the Numbers: Crafting the Corporate Narrative." Investor relations professionals, corporate leaders, communications practitioners, finance executives, and capital market stakeholders will come together to exchange insights and best practices on building trust through effective corporate communications.

We look forward to seeing you there as we continue working together toward a more transparent, resilient, and vibrant Philippine capital market.

Trust is the foundation of every healthy capital market.

09/07/2026

Just 2 DAYS TO GO until the 2nd General Membership Meeting | IR Forum!

We're excited to see you on Friday, July 17, for an afternoon of insightful discussions, meaningful connections, and practical investor relations strategies.

Venue: Chantara Function Room, Mezzanine, Dusit Thani Manila
Time: 11:00 AM – 2:30 PM

If you haven't registered yet, limited seats are still available. We look forward to seeing you there!

09/07/2026

When can a taxpayer claim that a tax was erroneously paid and successfully demand a refund?

As part of SharePHIL's commitment to financial education and shareholder protection, we are sharing this insightful column from The Manila Times by Rey Christian M. Guintibano.

The article dives into Section 229 of the Tax Code and a recent Court of Tax Appeals (CTA) ruling, highlighting a crucial distinction: taxpayers must clearly differentiate between a tax that was wrongfully collected without authority, and a business loss (such as goods damaged by a typhoon) that occurs after a valid tax payment.

Understanding the exact nuances of tax liabilities and refund qualifications is essential for sound corporate governance and financial management. Read the full article here to learn more:

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WHEN can a taxpayer claim that a tax was erroneously paid and demand its return? Section 229 of the Tax Code allows a taxpayer to seek a refund of taxes or amounts erroneously or illegally assessed or collected, any penalty claimed to have been collected without authority, any sum alleged to have be...

16/06/2026

SharePHIL stands with fellow civil society and business organizations in rejecting House Bill No. 8389. Instead of dismantling political dynasties as envisioned by the Constitution, the bill would institutionalize them by allowing concurrent family offices, position switching, and succession within political families.

Real reform requires meaningful safeguards against the concentration of political power. We encourage Filipinos to learn more about the “Dapat Isa Lang” campaign of the People’s Initiative Coalition Against Dynasties (PICAD) and its proposal for a genuine anti-dynasty law.

Read the full joint statement below.