‘Term limit dispute coming at wrong time’MANILA, Philippines — Philippine Stock Exchange Inc. (PSE) president and CEO Ramon Monzon said the dispute over the Securities and Exchange Commission (SEC)’s proposed term limit on broker-directors of an exchange is coming at the wrong time. “So I don’t want to get in the middle of this talk on who’s correct, who’s wrong, will it improve corporate governance or not? I’d like to say, my only take on this whole thing is it’s coming at the wrong time. The SEC said it is ready to face any legal action that could be taken by those opposing its plan to impose a term limit on broker-directors. But for the exchange, I don’t want to take an official position on that,” he said.

Source: Philippine Star March 24, 2026 16:35 UTC