The Securities and Exchange Commission – Cagayan de Oro Extension Office seals partnership with the Department of Environment and Natural Resources – Region 10 which aims to assist the registered People’s Organizations (POs) in Northern Mindanao. The signing was held on June 05, 2023 at the DENR Regional Office, Cagayan de Oro City.
Present in the signing ceremony were: SEC-CDOEO Director, Atty. Frederick A. Enopia; Dr. Henry A. Adornado, Regional Executive Director of DENR-10; Mr. Jesher M. Radaza, SEC Supervising Administrative Officer; and Mr. Fidel P. Gamos, Jr., OIC Chief, Conservation and Development Division of DENR-10.
The signing ceremony started with a rationale which was presented by Mr. Neil Maynard C. Conde, SEC Information Officer. Mr. Conde also discussed the salient provisions of the MOA which are the obligations of the parties. Primarily, the intention of the partnership is to mobilize and capacitate the Community-Based Forest Management – People’s Organizations (CBFM-POs) all over Northern Mindanao.
The SEC as the corporate registrar monitors corporation including those associations and organizations being handled by DENR per se. It is presumed that a Corporation registered with the Commission must submit the annual reportorial requirements such as the General Information Sheet and Financial Statement; otherwise it will incur penalty for non-compliance to the Corporation.
The non-compliance of non-stock corporations has become a challenge for the Commission to overcome, hence, strategizing this networking agreement through establishing partnerships with public and private agencies.
“It is aligned with the message of our DENR Secretary to have partnerships with the government sectors. It is important that the general public will have the access to our services, and as government workers; we are very happy with this initiative” says Dr. Henry A. Adoranado, Regional Executive Director – DENR Region 10 during his acceptance speech.
Dr. Adornado sees the partnership to be very helpful particularly to those sectors who have limited knowledge in utilizing the advancement of technologies and the challenges in the digitalization efforts of the SEC.
Lawyer Frederick A. Enopia, Director of SEC-CDOEO on his response expressed his gratitude towards DENR-10 for supporting the SEC’s endeavour in monitoring the non-stock corporations as the sector who needs extra assistance in complying with their annual reports with the Commission.
“This partnership will surely be beneficial to the CBFM-POs under the jurisdiction of DENR-10. We look forward to assist them so that their corporation or association will not be suspended or worse, revoked where in such a case, it will be hard for them to avail the services and grants of the DENR” says Lawyer Enopia in a statement.
The parties are anticipating several future activities primarily aiming to mobilize the organizations and associations monitored by DENR-10.
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