SEC chair is IDC’s CEO of the year

Securities and Exchange Commission (SEC) Chairman Emilio B. Aquino has been named CEO of the year in International Data Corp.’s (IDC) Future of Enterprise Awards 2022 Philippines, for steering the agency toward a “digital-first world.”

“I would like to thank IDC for recognizing my SuperVISION and efforts in transforming the SEC Philippines into a digital, resilient organization that could serve its stakeholders more efficiently and effectively, amid and despite a pandemic and other crisis that may come our way,” Aquino said.

“Our push for a technologically advanced SEC Philippines will prepare it for a digital-first world, where it can continue to thrive despite challenges, even ones as drastic as the Covid-19 pandemic.”

Winners of the Future Enterprise Awards asserted their leadership in a digital-first world, distinguishing themselves from 1,071 entries received from 707 unique end-user organizations across Asia and the Pacific. They were chosen after displaying planning and implementation of digital transformation initiatives according to IDC’s future enterprise benchmark categories.

Aquino has advocated for the use of digital innovations to fulfill the agency’s mandate as overseer of the corporate sector, regulator of the capital market, and champion of the investing public.

Under his leadership, the SEC launched its roadmap on digital transformation and technology modernization. The agency has since rolled out systems that shifted online the process of company registration, reports submission and fees payment.

Launched on April 19, 2021, the Electronic Simplified Processing of Application for Registration of Companies (eSPARC) facilitated faster and easier company registration for the transacting public.

The ease with which corporations can be established led to a 53 percent increase in the number of new registrations in 2021 at 37,379, compared to 24,386 in the previous year. Last year also saw a record number of new applications for registration on a quarterly basis. In 2022 alone, a total of 57,784 new registrations have already been processed through eSPARC.

Founded in 1964, IDC is a global market research and analysis firm offering global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries.

Image credits: Nonie Reyes