SECURITIES and Exchange Commission (SEC) Chairman Emilio Aquino has been recognized as CEO of the Year for the Philippines in the International Data Corporation’s (IDC) Future of Enterprise Awards 2022 Philippines.

The award was given in recognition of Aquino's implementation of digital innovations in the Commission “to successfully fulfill its mandate as overseer of the corporate sector, regulator of the capital market, and champion of the investing public.”

“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,” he added.

As CEO of the SEC, Aquino has “fiercely advocated for the use of digital innovations to successfully fulfill the Commission’s mandate as overseer of the corporate sector, regulator of the capital market, and champion of the investing public.”

Aquino successfully launched its digital transformation and technology modernization roadmap, SEC said in a statement.

The Commission has since rolled out systems that shifted online the process of company registration, reports submission, and fees payment to the delight of its customers.

The digital transformations include the Electronic Simplified Processing of Application for Registration of Companies (eSPARC) to facilitate faster and easier company registration for the transacting public; Electronic System for Payments to SEC (eSPAYSEC), which seeks to eliminate the need to physically settle payments at SEC offices, especially since online payment systems are now widely available; and the Electronic Filing and Submission Tool (eFAST), which allows corporations to submit their annual reports from the comfort of their own homes or offices, making compliance with regulatory requirements more efficient for both the Commission and the corporation, among others.

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/Pacific.

They were selected as a cut above the rest after displaying exceptional planning and implementation of digital transformation initiatives according to IDC’s Future Enterprise benchmark categories.

“In spite of the past couple of years being extremely trying times for the Asean region, it is highly encouraging to see organizations moving ahead with their digital transformation (DX) initiatives. The digital economy is on the lips of every Asean government, and IDC is witnessing vindication for many organizations that embarked on DX initiatives early on and are now capitalizing on this shift," IDC Asean Managing Director Sudev Bangah said in a statement announcing IDC Asean Future Enterprise Awards winners.

Established 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. (SunStar Philippines)