Yuchengco urges SEC to withdraw broker-director term limits

MANILA, Philippines — Philippine Stock Exchange director Ma. Vivian Yuchengco urged the Securities and Exchange Commisison (SEC) to revoke term-limit rules for broker-directors, asserting that shareholders should determine the tenure of their elected representatives on the board. In a statement, Yuchengco reiterated her opposition to SEC Memorandum Circular No. 17, Series of 2026, which caps broker-directors’