[Vantage Point] When independent directors stop being neutral
![[Vantage Point] When independent directors stop being neutral](/api/image-proxy?url=https%3A%2F%2Fwww.rappler.com%2Ftachyon%2F2026%2F04%2Fsec-broker-limit-apr-10-2026-1.jpg&w=1200&q=82)
The SEC's campaign against years of board entrenchment is, in the end, an effort to persuade investors that Philippine capital markets are finally ready to favor institutional independence over legacy relationships
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