Politics · Philippines Bureau
SEC official flags potential conflict in VP's corporate board role
A Securities and Exchange Commission official has raised concerns that Vice President Sara Duterte's continued participation in a food company's board while in office may violate constitutional restrictions on government officials engaging in business activities.
LSN Philippines ·
MANILA — A senior official from the Securities and Exchange Commission indicated Monday that Vice President Sara Duterte's three-year tenure on a food firm's board after assuming national office could breach constitutional prohibitions against public officials participating in private business ventures.
The SEC official noted that maintaining both a corporate board position and equity stake in the company during her term as Vice President presents potential constitutional issues, according to statements made during a public proceeding.
The constitutional restriction referenced bars government officials from directly or indirectly engaging in any business, profession, or occupation while holding public office. The rules are designed to prevent conflicts of interest and ensure full devotion to government service.
The case highlights ongoing scrutiny of government officials' financial interests and corporate connections while serving in elected positions. Such matters typically fall under the purview of the SEC and the Office of the Ombudsman for investigation and potential enforcement action.
The Vice President's office has not yet responded to the SEC official's concerns regarding the corporate board membership and shareholding during her time in office.