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Makati RTC denies TRO vs SEC director term limit rule - BusinessWorld Online

Summary by bworldonline.com
THE Makati Regional Trial Court (RTC) Branch 38 denied an application for a temporary restraining order (TRO) against a Securities and Exchange Commission (SEC) circular that imposes term limits on independent directors of publicly listed companies, the regulator said. “The RTC denied GMA’s application for a TRO following revelations that the network failed to disclose a key board decision. While GMA’s petition, filed on March 26, claimed an urg…

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Makati RTC denies TRO vs SEC director term limit rule - BusinessWorld Online

THE Makati Regional Trial Court (RTC) Branch 38 denied an application for a temporary restraining order (TRO) against a Securities and Exchange Commission (SEC) circular that imposes term limits on independent directors of publicly listed companies, the regulator said. “The RTC denied GMA’s application for a TRO following revelations that the network failed to disclose a key board decision. While GMA’s petition, filed on March 26, claimed an urg…

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bworldonline.com broke the news in on Tuesday, March 31, 2026.
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